Key Points
- Helga Houston, an insider at Huntington Bancshares, sold 64,587 shares on Nov. 21 at an average price of $15.38, totaling about $993,348 and reducing her stake by 10.78% to 534,640 shares (~$8.22M).
- The company announced a quarterly dividend of $0.155 per share (ex-dividend date Dec. 18, payable Jan. 2), equal to a $0.62 annualized payout and a ~3.9% yield with a 43.36% payout ratio.
- HBAN trades around the mid-$15s with a market cap of ~$23.2B and a P/E of 11.13, while analysts have a consensus price target of $19.66 and an average rating of "Moderate Buy."
Huntington Bancshares Incorporated (NASDAQ:HBAN - Get Free Report) insider Helga Houston sold 64,587 shares of the firm's stock in a transaction dated Friday, November 21st. The shares were sold at an average price of $15.38, for a total transaction of $993,348.06. Following the completion of the sale, the insider owned 534,640 shares of the company's stock, valued at $8,222,763.20. The trade was a 10.78% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.
Huntington Bancshares Price Performance
Shares of HBAN stock opened at $15.91 on Tuesday. Huntington Bancshares Incorporated has a 1 year low of $11.91 and a 1 year high of $18.44. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 0.89. The firm's 50 day moving average is $16.20 and its 200-day moving average is $16.45. The firm has a market capitalization of $23.22 billion, a price-to-earnings ratio of 11.13, a PEG ratio of 0.66 and a beta of 1.01.
Huntington Bancshares (NASDAQ:HBAN - Get Free Report) last issued its quarterly earnings results on Wednesday, June 11th. The bank reported $0.28 earnings per share for the quarter. Huntington Bancshares had a net margin of 18.06% and a return on equity of 12.14%. The business had revenue of $469.00 million during the quarter. Sell-side analysts forecast that Huntington Bancshares Incorporated will post 1.39 EPS for the current fiscal year.
Huntington Bancshares Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, January 2nd. Stockholders of record on Thursday, December 18th will be given a dividend of $0.155 per share. The ex-dividend date is Thursday, December 18th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 3.9%. Huntington Bancshares's payout ratio is presently 43.36%.
Institutional Investors Weigh In On Huntington Bancshares
Large investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of Huntington Bancshares by 0.4% during the third quarter. Vanguard Group Inc. now owns 176,980,819 shares of the bank's stock worth $3,056,459,000 after purchasing an additional 680,601 shares in the last quarter. Boston Partners increased its position in shares of Huntington Bancshares by 3.9% in the 3rd quarter. Boston Partners now owns 63,302,953 shares of the bank's stock valued at $1,091,615,000 after buying an additional 2,363,905 shares in the last quarter. Invesco Ltd. raised its stake in Huntington Bancshares by 1.5% during the 3rd quarter. Invesco Ltd. now owns 59,062,922 shares of the bank's stock worth $1,020,017,000 after buying an additional 861,263 shares during the period. Geode Capital Management LLC lifted its holdings in Huntington Bancshares by 1.7% during the second quarter. Geode Capital Management LLC now owns 39,450,879 shares of the bank's stock worth $658,541,000 after acquiring an additional 640,852 shares in the last quarter. Finally, Victory Capital Management Inc. grew its stake in Huntington Bancshares by 15.7% in the third quarter. Victory Capital Management Inc. now owns 34,230,988 shares of the bank's stock valued at $594,054,000 after acquiring an additional 4,640,302 shares during the period. Institutional investors own 80.72% of the company's stock.
Analysts Set New Price Targets
A number of brokerages recently commented on HBAN. TD Cowen lifted their price objective on Huntington Bancshares from $22.00 to $23.00 and gave the stock a "buy" rating in a research report on Tuesday, October 28th. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Huntington Bancshares in a research note on Wednesday, October 8th. DA Davidson reiterated a "buy" rating and set a $21.00 price target on shares of Huntington Bancshares in a research report on Tuesday, October 28th. Keefe, Bruyette & Woods increased their price objective on shares of Huntington Bancshares from $19.00 to $20.00 and gave the company a "market perform" rating in a report on Monday, October 20th. Finally, Wall Street Zen lowered shares of Huntington Bancshares from a "hold" rating to a "sell" rating in a report on Saturday, November 15th. Three analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $19.66.
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About Huntington Bancshares
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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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