Key Points
- Huntington VP Brantley Standridge sold 5,830 shares on Feb. 4 at an average price of $19.14 for $111,586.20, reducing his stake by 1.75% to 327,676 shares (valued about $6.27M).
- Huntington missed Q4 estimates with $0.37 EPS vs. $0.40 expected and $2.19B revenue vs. $2.21B, while the stock trades near $19.27 (52-week high $19.46) and carries a MarketBeat consensus rating of Moderate Buy with an average price target of $20.48.
- The bank declared a quarterly dividend of $0.155 (annualized $0.62), a 3.2% yield with an ex-dividend and record date of March 18 and payment on April 1; the payout ratio is about 44.6%.
Huntington Bancshares Incorporated (NASDAQ:HBAN - Get Free Report) VP Brantley Standridge sold 5,830 shares of the stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $19.14, for a total transaction of $111,586.20. Following the completion of the transaction, the vice president owned 327,676 shares in the company, valued at $6,271,718.64. The trade was a 1.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Huntington Bancshares Stock Up 1.3%
HBAN stock opened at $19.27 on Friday. Huntington Bancshares Incorporated has a twelve month low of $11.91 and a twelve month high of $19.46. The stock has a market cap of $30.35 billion, a P/E ratio of 13.86, a PEG ratio of 0.77 and a beta of 0.96. The business's 50-day moving average price is $17.72 and its 200-day moving average price is $16.95. The company has a quick ratio of 0.92, a current ratio of 0.93 and a debt-to-equity ratio of 0.80.
Huntington Bancshares (NASDAQ:HBAN - Get Free Report) last posted its quarterly earnings results on Thursday, January 22nd. The bank reported $0.37 earnings per share for the quarter, missing analysts' consensus estimates of $0.40 by ($0.03). The firm had revenue of $2.19 billion during the quarter, compared to the consensus estimate of $2.21 billion. Huntington Bancshares had a return on equity of 11.98% and a net margin of 17.71%.During the same quarter in the previous year, the company earned $0.34 earnings per share. On average, equities research analysts forecast that Huntington Bancshares Incorporated will post 1.39 EPS for the current year.
Huntington Bancshares Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Wednesday, March 18th will be paid a $0.155 dividend. The ex-dividend date of this dividend is Wednesday, March 18th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 3.2%. Huntington Bancshares's dividend payout ratio is 44.60%.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in HBAN. MTM Investment Management LLC bought a new position in shares of Huntington Bancshares during the 2nd quarter worth $25,000. Palisade Asset Management LLC purchased a new stake in Huntington Bancshares in the third quarter worth about $26,000. South Plains Financial Inc. grew its holdings in Huntington Bancshares by 116.3% during the 3rd quarter. South Plains Financial Inc. now owns 1,536 shares of the bank's stock worth $27,000 after acquiring an additional 826 shares in the last quarter. Accredited Wealth Management LLC increased its position in Huntington Bancshares by 374.5% during the 3rd quarter. Accredited Wealth Management LLC now owns 1,675 shares of the bank's stock valued at $29,000 after purchasing an additional 1,322 shares during the period. Finally, Catalyst Capital Advisors LLC bought a new stake in shares of Huntington Bancshares in the 2nd quarter valued at about $30,000. Institutional investors own 80.72% of the company's stock.
Analyst Upgrades and Downgrades
Several research analysts have weighed in on the company. DA Davidson restated a "buy" rating and issued a $21.00 price target on shares of Huntington Bancshares in a research note on Tuesday, October 28th. Weiss Ratings restated a "buy (b-)" rating on shares of Huntington Bancshares in a research report on Thursday, January 22nd. Stephens raised their target price on shares of Huntington Bancshares from $19.00 to $20.00 and gave the company an "equal weight" rating in a research note on Thursday, December 18th. Truist Financial boosted their price target on shares of Huntington Bancshares from $20.00 to $21.00 and gave the stock a "buy" rating in a research note on Monday, January 26th. Finally, Wall Street Zen lowered Huntington Bancshares from a "hold" rating to a "sell" rating in a research report on Saturday, November 15th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, four have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $20.48.
Read Our Latest Stock Analysis on HBAN
About Huntington Bancshares
(
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.
Further Reading
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