Key Points
- Director James Rollins III purchased 8,471 shares of Huntington Bancshares on April 27 at an average price of $18.01, spending $152,562.71 and increasing his direct stake to 11,500 shares (a 279.66% rise).
- Huntington beat Q1 estimates with EPS of $0.37 (vs. $0.16 expected) and $2.59B in revenue, recently declared a quarterly dividend of $0.155 (annualized $0.62, ~3.8% yield), and the stock trades around $16.31 within a 52-week range of $14.19–$19.45.
- Institutional investors own about 80.7% of the stock and analyst views are mixed—MarketBeat shows a consensus of Moderate Buy with a $20.08 price target amid recent upgrades and downgrades from firms like RBC, Barclays and Argus.
Huntington Bancshares Incorporated (NASDAQ:HBAN - Get Free Report) Director James Rollins III acquired 3,029 shares of the business's stock in a transaction that occurred on Tuesday, April 28th. The shares were acquired at an average cost of $21.05 per share, with a total value of $63,760.45. Following the transaction, the director directly owned 9,500 shares in the company, valued at $199,975. The trade was a 46.81% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link.
Huntington Bancshares Price Performance
NASDAQ HBAN opened at $16.31 on Thursday. Huntington Bancshares Incorporated has a twelve month low of $14.19 and a twelve month high of $19.45. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.92 and a current ratio of 0.93. The stock has a market capitalization of $33.23 billion, a PE ratio of 12.55, a P/E/G ratio of 0.72 and a beta of 0.95. The stock has a 50-day simple moving average of $16.25 and a 200 day simple moving average of $16.72.
Huntington Bancshares (NASDAQ:HBAN - Get Free Report) last posted its quarterly earnings data on Thursday, April 23rd. The bank reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.21. Huntington Bancshares had a return on equity of 11.42% and a net margin of 16.63%.The business had revenue of $2.59 billion during the quarter, compared to analysts' expectations of $2.57 billion. During the same quarter in the previous year, the firm earned $0.34 EPS. Research analysts anticipate that Huntington Bancshares Incorporated will post 1.61 EPS for the current year.
Huntington Bancshares Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Wednesday, June 17th will be given a dividend of $0.155 per share. The ex-dividend date of this dividend is Wednesday, June 17th. This represents a $0.62 dividend on an annualized basis and a yield of 3.8%. Huntington Bancshares's dividend payout ratio (DPR) is 47.69%.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently weighed in on HBAN shares. Argus upped their price objective on Huntington Bancshares from $19.00 to $20.00 and gave the company a "buy" rating in a research note on Wednesday, January 28th. UBS Group set a $21.00 target price on Huntington Bancshares in a report on Wednesday, February 4th. Morgan Stanley reduced their target price on Huntington Bancshares from $21.00 to $20.00 and set an "overweight" rating on the stock in a report on Friday, April 24th. Piper Sandler raised Huntington Bancshares from a "strong sell" rating to a "hold" rating and set a $18.00 price objective on the stock in a report on Thursday, April 23rd. Finally, National Bank Financial set a $21.00 price objective on Huntington Bancshares in a report on Wednesday, February 4th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Huntington Bancshares has an average rating of "Moderate Buy" and an average target price of $20.08.
Get Our Latest Analysis on Huntington Bancshares
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of the company. MV Capital Management Inc. acquired a new stake in Huntington Bancshares during the 4th quarter worth $25,000. Palisade Asset Management LLC acquired a new position in shares of Huntington Bancshares in the 3rd quarter valued at $26,000. South Plains Financial Inc. lifted its stake in shares of Huntington Bancshares by 116.3% in the 3rd quarter. South Plains Financial Inc. now owns 1,536 shares of the bank's stock valued at $27,000 after purchasing an additional 826 shares during the period. Centennial Bank AR acquired a new position in shares of Huntington Bancshares in the 4th quarter valued at $28,000. Finally, Accredited Wealth Management LLC lifted its stake in shares of Huntington Bancshares by 374.5% in 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. Institutional investors and hedge funds own 80.72% of the company's stock.
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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