Key Points
- EVP Marcy Hingst sold 6,416 Huntington (HBAN) shares on Nov. 14 at an average price of $15.65 for about $100,410, leaving her with 252,305 shares (a 2.48% reduction); the sale was disclosed in an SEC filing.
- Huntington declared a quarterly dividend of $0.155 per share (annualized $0.62), implying a 4.1% yield, with an ex-dividend date of Dec. 18 and a payout ratio of 43.36%.
- Shares trade near $15.30 with a P/E of 10.7 and market cap around $22.3B, and analysts’ consensus is a Moderate Buy with an average target of $19.66.
Huntington Bancshares Incorporated (NASDAQ:HBAN - Get Free Report) EVP Marcy Hingst sold 6,416 shares of the stock in a transaction on Friday, November 14th. The stock was sold at an average price of $15.65, for a total value of $100,410.40. Following the completion of the sale, the executive vice president directly owned 252,305 shares in the company, valued at $3,948,573.25. This represents a 2.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Huntington Bancshares Stock Performance
Shares of HBAN opened at $15.30 on Tuesday. The firm has a fifty day moving average of $16.42 and a 200-day moving average of $16.43. The company has a market cap of $22.33 billion, a price-to-earnings ratio of 10.70, a price-to-earnings-growth ratio of 0.66 and a beta of 1.01. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.91 and a current ratio of 0.92. Huntington Bancshares Incorporated has a 1 year low of $11.91 and a 1 year high of $18.44.
Huntington Bancshares (NASDAQ:HBAN - Get Free Report) last issued its quarterly earnings data on Wednesday, June 11th. The bank reported $0.28 earnings per share for the quarter. The firm had revenue of $469.00 million for the quarter. Huntington Bancshares had a net margin of 18.06% and a return on equity of 12.14%. As a group, equities analysts anticipate that Huntington Bancshares Incorporated will post 1.39 earnings per share for the current year.
Huntington Bancshares Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, January 2nd. Stockholders of record on Thursday, December 18th will be issued a dividend of $0.155 per share. This represents a $0.62 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend is Thursday, December 18th. Huntington Bancshares's payout ratio is 43.36%.
Institutional Investors Weigh In On Huntington Bancshares
A number of institutional investors and hedge funds have recently bought and sold shares of HBAN. Vanguard Personalized Indexing Management LLC increased its position in shares of Huntington Bancshares by 26.4% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 167,515 shares of the bank's stock worth $2,808,000 after acquiring an additional 35,014 shares in the last quarter. Commerzbank Aktiengesellschaft FI boosted its holdings in shares of Huntington Bancshares by 43.4% during the second quarter. Commerzbank Aktiengesellschaft FI now owns 94,979 shares of the bank's stock worth $1,592,000 after purchasing an additional 28,739 shares during the period. Shell Asset Management Co. boosted its holdings in shares of Huntington Bancshares by 58.7% during the second quarter. Shell Asset Management Co. now owns 200,595 shares of the bank's stock worth $3,362,000 after purchasing an additional 74,220 shares during the period. Czech National Bank grew its position in Huntington Bancshares by 6.6% during the second quarter. Czech National Bank now owns 356,096 shares of the bank's stock valued at $5,968,000 after purchasing an additional 22,190 shares in the last quarter. Finally, Boston Partners increased its stake in Huntington Bancshares by 4.7% in the 2nd quarter. Boston Partners now owns 60,871,690 shares of the bank's stock valued at $1,019,253,000 after buying an additional 2,709,071 shares during the period. 80.72% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
HBAN has been the subject of a number of recent analyst reports. Cowen reissued a "buy" rating on shares of Huntington Bancshares in a report on Monday, October 20th. Zacks Research raised Huntington Bancshares from a "hold" rating to a "strong-buy" rating in a research note on Monday, November 3rd. Truist Financial raised their price target on Huntington Bancshares from $19.00 to $20.00 and gave the company a "buy" rating in a report on Friday, September 12th. Wall Street Zen cut shares of Huntington Bancshares from a "hold" rating to a "sell" rating in a research note on Saturday. Finally, Jefferies Financial Group decreased their target price on shares of Huntington Bancshares from $20.00 to $19.00 in a research report on Monday, November 3rd. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Huntington Bancshares currently has an average rating of "Moderate Buy" and a consensus target price of $19.66.
View Our Latest Research Report on Huntington Bancshares
Huntington Bancshares Company Profile
(
Get Free Report)
Huntington Bancshares Incorporated operates as the bank holding company for The Huntington National Bank that provides commercial, consumer, and mortgage banking services in the United States. The company offers financial products and services to consumer and business customers, including deposits, lending, payments, mortgage banking, dealer financing, investment management, trust, brokerage, insurance, and other financial products and services.
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