Key Points
- Director James Rollins III bought 6,873 shares of Huntington Bancshares on Feb. 27 at an average price of $23.27 per share for about $159,935, according to an SEC filing.
- Huntington declared a quarterly dividend of $0.155 per share (annualized $0.62) with an ex‑dividend/record date of March 18 and a payment date of April 1, implying a yield of roughly 3.7%.
- The company missed Q4 EPS estimates ($0.37 vs. $0.40 expected), the stock trades near $16.75 with a P/E of 12.05, and analysts show a "Moderate Buy" consensus with an average price target of $20.69.
Huntington Bancshares Incorporated (NASDAQ:HBAN - Get Free Report) Director James Rollins III purchased 500 shares of the business's stock in a transaction on Monday, March 2nd. The shares were bought at an average price of $21.40 per share, for a total transaction of $10,700.00. Following the acquisition, the director owned 4,500 shares in the company, valued at $96,300. This trade represents a 12.50% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Huntington Bancshares Stock Performance
Shares of HBAN opened at $16.75 on Wednesday. The stock has a 50-day simple moving average of $17.77 and a 200-day simple moving average of $17.09. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.92 and a current ratio of 0.93. Huntington Bancshares Incorporated has a 1 year low of $11.91 and a 1 year high of $19.45. The stock has a market capitalization of $34.00 billion, a PE ratio of 12.05, a PEG ratio of 0.68 and a beta of 0.95.
Huntington Bancshares (NASDAQ:HBAN - Get Free Report) last issued its quarterly earnings results on Thursday, January 22nd. The bank reported $0.37 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.40 by ($0.03). Huntington Bancshares had a return on equity of 11.98% and a net margin of 17.71%.The firm had revenue of $2.19 billion during the quarter, compared to analysts' expectations of $2.21 billion. During the same quarter in the prior year, the firm earned $0.34 EPS. On average, analysts predict that Huntington Bancshares Incorporated will post 1.39 earnings per share for the current fiscal 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 issued a $0.155 dividend. The ex-dividend date is Wednesday, March 18th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 3.7%. Huntington Bancshares's dividend payout ratio is presently 44.60%.
Institutional Investors Weigh In On Huntington Bancshares
Several hedge funds have recently modified their holdings of HBAN. MTM Investment Management LLC acquired a new position in Huntington Bancshares in the 2nd quarter valued at $25,000. MV Capital Management Inc. acquired a new position in shares of Huntington Bancshares during the fourth quarter worth about $25,000. Palisade Asset Management LLC acquired a new position in shares of Huntington Bancshares during the third quarter worth about $26,000. South Plains Financial Inc. raised its holdings in Huntington Bancshares by 116.3% during the third quarter. South Plains Financial Inc. now owns 1,536 shares of the bank's stock worth $27,000 after purchasing an additional 826 shares in the last quarter. Finally, Centennial Bank AR acquired a new stake in Huntington Bancshares in the fourth quarter valued at about $28,000. 80.72% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several brokerages have commented on HBAN. JPMorgan Chase & Co. increased their price target on shares of Huntington Bancshares from $20.00 to $21.00 and gave the company an "overweight" rating in a research note on Monday, February 9th. Royal Bank Of Canada reiterated an "outperform" rating and set a $21.00 price target on shares of Huntington Bancshares in a research note on Monday, January 12th. Evercore initiated coverage on shares of Huntington Bancshares in a research note on Tuesday, February 3rd. They issued an "outperform" rating and a $21.00 price objective for the company. Truist Financial raised their price objective on Huntington Bancshares from $20.00 to $21.00 and gave the stock a "buy" rating in a report on Monday, January 26th. Finally, Wolfe Research reissued an "outperform" rating and issued a $21.00 target price on shares of Huntington Bancshares in a research report on Wednesday, January 7th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $20.69.
View Our Latest Analysis on HBAN
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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