Key Points
- Insider sale: Amit Dhingra sold 10,000 HBAN shares on Jan. 8 at $18.50 for $185,000, trimming his stake by 6.04% to 155,634 shares (disclosed in an SEC filing).
- Dividend and yield: Huntington recently paid a quarterly dividend of $0.155 ($0.62 annualized), a 3.4% yield with a payout ratio of 43.36% (ex-dividend Dec. 18, paid Jan. 2).
- Valuation & analyst view: HBAN trades around $18.24 with a P/E of ~12.8, reported Q4 EPS of $0.67 on $580M revenue, and carries a consensus "Moderate Buy" price target of $20.03 while institutions own about 80.7% of shares.
Huntington Bancshares Incorporated (NASDAQ:HBAN - Get Free Report) insider Amit Dhingra sold 10,000 shares of Huntington Bancshares stock in a transaction that occurred on Thursday, January 8th. The stock was sold at an average price of $18.50, for a total value of $185,000.00. Following the sale, the insider directly owned 155,634 shares in the company, valued at $2,879,229. The trade was a 6.04% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.
Huntington Bancshares Stock Down 1.2%
HBAN opened at $18.24 on Friday. The company has a market capitalization of $26.62 billion, a P/E ratio of 12.76, a P/E/G ratio of 0.69 and a beta of 0.95. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.92 and a quick ratio of 0.91. The firm's fifty day moving average price is $16.82 and its two-hundred day moving average price is $16.82. Huntington Bancshares Incorporated has a fifty-two week low of $11.91 and a fifty-two week high of $18.62.
Huntington Bancshares (NASDAQ:HBAN - Get Free Report) last issued its earnings results on Monday, December 1st. The bank reported $0.67 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 $580.00 million for the quarter. On average, analysts anticipate that Huntington Bancshares Incorporated will post 1.39 EPS for the current year.
Huntington Bancshares Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, January 2nd. Investors of record on Thursday, December 18th were given a dividend of $0.155 per share. This represents a $0.62 annualized dividend and a dividend yield of 3.4%. The ex-dividend date was Thursday, December 18th. Huntington Bancshares's dividend payout ratio (DPR) is 43.36%.
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the company. Norges Bank bought a new position in Huntington Bancshares in the 2nd quarter valued at $374,474,000. Junto Capital Management LP acquired a new stake in Huntington Bancshares in the third quarter worth about $85,690,000. Victory Capital Management Inc. raised its holdings in Huntington Bancshares by 15.7% during the 3rd quarter. Victory Capital Management Inc. now owns 34,230,988 shares of the bank's stock worth $594,054,000 after purchasing an additional 4,640,302 shares during the last quarter. Fisher Asset Management LLC lifted its position in Huntington Bancshares by 1,700.0% during the 2nd quarter. Fisher Asset Management LLC now owns 3,351,087 shares of the bank's stock valued at $56,164,000 after purchasing an additional 3,164,915 shares during the period. Finally, Squarepoint Ops LLC grew its position in shares of Huntington Bancshares by 48.0% during the 3rd quarter. Squarepoint Ops LLC now owns 9,676,829 shares of the bank's stock worth $167,119,000 after buying an additional 3,138,669 shares during the period. Institutional investors and hedge funds own 80.72% of the company's stock.
Analyst Ratings Changes
A number of brokerages have issued reports on HBAN. Stephens lifted their price objective on Huntington Bancshares from $19.00 to $20.00 and gave the company an "equal weight" rating in a report on Thursday, December 18th. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Huntington Bancshares in a research note on Wednesday, October 8th. Wall Street Zen lowered shares of Huntington Bancshares from a "hold" rating to a "sell" rating in a report on Saturday, November 15th. Raymond James Financial reissued a "strong-buy" rating and issued a $20.00 target price (down from $21.00) on shares of Huntington Bancshares in a report on Monday, October 20th. Finally, JPMorgan Chase & Co. raised their price target on Huntington Bancshares from $18.00 to $18.50 and gave the company an "overweight" rating in a report on Friday, October 10th. Two analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $20.03.
Get Our Latest Stock Report on Huntington Bancshares
Huntington Bancshares Company Profile
(
Get Free Report)
Huntington Bancshares Incorporated (NASDAQ: HBAN) is a bank holding company headquartered in Columbus, Ohio, that provides a broad range of banking and financial services through its principal subsidiary, Huntington National Bank. The company's operations are centered on retail and commercial banking, and it serves individual consumers, small and middle-market businesses, and institutional customers.
Huntington's product offerings include traditional deposit and lending products, consumer and commercial loans, mortgage origination and servicing, auto financing, and business banking solutions.
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