Key Points
- Director James Rollins III purchased 4,915 shares of Huntington Bancshares on March 3 at an average price of $17.65 per share for a total of $86,749.75, a transaction disclosed in an SEC filing.
- Huntington recently reported Q4 EPS of $0.37, missing the $0.40 estimate and posting $2.19 billion in revenue versus $2.21 billion expected, while the stock traded down about 1.2% to $16.62 amid these results.
- The company declared a quarterly dividend of $0.155 per share (annualized $0.62), with an ex-dividend/record date of March 18 and a yield of roughly 3.7% (payout ratio ~44.6%).
Huntington Bancshares Incorporated (NASDAQ:HBAN - Get Free Report) Director James Rollins III purchased 4,915 shares of Huntington Bancshares stock in a transaction that occurred on Tuesday, March 3rd. The stock was acquired at an average cost of $17.65 per share, with a total value of $86,749.75. Following the transaction, the director owned 4,915 shares in the company, valued at $86,749.75. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Huntington Bancshares Stock Down 1.2%
HBAN stock traded down $0.21 during mid-day trading on Thursday, reaching $16.62. 6,685,860 shares of the company traded hands, compared to its average volume of 36,281,723. The stock has a market cap of $33.74 billion, a price-to-earnings ratio of 11.96, a P/E/G ratio of 0.68 and a beta of 0.95. Huntington Bancshares Incorporated has a fifty-two week low of $11.91 and a fifty-two week high of $19.45. The firm's 50 day moving average price is $17.75 and its 200 day moving average price is $17.08. 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 announced its earnings results on Thursday, January 22nd. The bank reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.03). Huntington Bancshares had a net margin of 17.71% and a return on equity of 11.98%. The company had revenue of $2.19 billion for the quarter, compared to analysts' expectations of $2.21 billion. During the same period in the previous year, the firm earned $0.34 EPS. As a group, equities research analysts predict that Huntington Bancshares Incorporated will post 1.39 EPS for the current fiscal year.
Huntington Bancshares Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Wednesday, March 18th will be issued a dividend of $0.155 per share. The ex-dividend date is Wednesday, March 18th. This represents a $0.62 annualized dividend and a yield of 3.7%. Huntington Bancshares's payout ratio is 44.60%.
Hedge Funds Weigh In On Huntington Bancshares
Large investors have recently modified their holdings of the company. S Harris Financial Group LLC purchased a new stake in Huntington Bancshares in the 4th quarter worth approximately $186,000. MidFirst Bank bought a new position in Huntington Bancshares in the 4th quarter worth about $236,000. Kera Capital Partners Inc. purchased a new position in shares of Huntington Bancshares during the fourth quarter worth about $241,000. MV Capital Management Inc. purchased a new position in Huntington Bancshares in the 4th quarter worth approximately $25,000. Finally, Sunbelt Securities Inc. increased its holdings in shares of Huntington Bancshares by 252.9% in the 4th quarter. Sunbelt Securities Inc. now owns 13,064 shares of the bank's stock worth $227,000 after buying an additional 9,362 shares during the last quarter. 80.72% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
Several research analysts have weighed in on HBAN shares. Wolfe Research reissued an "outperform" rating and issued a $21.00 price objective on shares of Huntington Bancshares in a research report on Wednesday, January 7th. Jefferies Financial Group decreased their price objective on shares of Huntington Bancshares from $22.00 to $21.00 and set a "buy" rating for the company in a report on Thursday. Wall Street Zen lowered Huntington Bancshares from a "hold" rating to a "sell" rating in a report on Saturday, November 15th. Keefe, Bruyette & Woods dropped their price target on Huntington Bancshares from $20.00 to $19.50 and set a "market perform" rating on the stock in a research report on Friday, January 23rd. Finally, The Goldman Sachs Group reiterated a "buy" rating and set a $21.00 price target on shares of Huntington Bancshares in a research note on Tuesday, January 6th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $20.64.
Get Our Latest Stock Analysis on Huntington Bancshares
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.
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