Huntington Bancshares Incorporated (NASDAQ:HBAN - Get Free Report) Director James Rollins III sold 223,522 shares of the stock in a transaction on Friday, June 12th. The stock was sold at an average price of $17.35, for a total value of $3,878,106.70. Following the completion of the sale, the director owned 612,155 shares in the company, valued at $10,620,889.25. This trade represents a 26.75% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Huntington Bancshares Trading Up 0.6%
Shares of HBAN stock opened at $17.32 on Wednesday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.92 and a current ratio of 0.93. Huntington Bancshares Incorporated has a 52-week low of $14.89 and a 52-week high of $19.45. The company has a market capitalization of $35.11 billion, a PE ratio of 13.32, a price-to-earnings-growth ratio of 0.78 and a beta of 0.94. The business's fifty day moving average is $16.35 and its 200 day moving average is $16.85.
Huntington Bancshares (NASDAQ:HBAN - Get Free Report) last issued its quarterly earnings data on Thursday, April 23rd. The bank reported $0.37 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.16 by $0.21. Huntington Bancshares had a return on equity of 11.42% and a net margin of 16.63%.The company had revenue of $2.59 billion for the quarter, compared to the consensus estimate of $2.57 billion. During the same quarter last year, the business posted $0.34 earnings per share. On average, equities research analysts anticipate that Huntington Bancshares Incorporated will post 1.61 EPS for the current fiscal year.
Huntington Bancshares Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Wednesday, June 17th will be given a dividend of $0.155 per share. The ex-dividend date is Wednesday, June 17th. This represents a $0.62 dividend on an annualized basis and a yield of 3.6%. Huntington Bancshares's dividend payout ratio (DPR) is presently 47.69%.
Analyst Ratings Changes
A number of equities research analysts have weighed in on HBAN shares. Truist Financial lowered their price target on Huntington Bancshares from $21.00 to $19.00 and set a "buy" rating on the stock in a research report on Friday, March 13th. Wall Street Zen upgraded Huntington Bancshares from a "sell" rating to a "hold" rating in a research report on Saturday, May 9th. JPMorgan Chase & Co. lowered their price target on Huntington Bancshares from $19.00 to $18.50 and set an "overweight" rating on the stock in a research report on Thursday, April 30th. Piper Sandler upgraded Huntington Bancshares from a "strong sell" rating to a "hold" rating and set a $18.00 price target on the stock in a research report on Thursday, April 23rd. Finally, Royal Bank Of Canada lowered their price target on Huntington Bancshares from $21.00 to $20.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 7th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $20.05.
View Our Latest Analysis on Huntington Bancshares
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the stock. MV Capital Management Inc. purchased a new position in shares of Huntington Bancshares in the fourth quarter worth about $25,000. Palisade Asset Management LLC purchased a new position in shares of Huntington Bancshares in the third quarter worth about $26,000. South Plains Financial Inc. increased its holdings in shares of Huntington Bancshares by 116.3% in the third quarter. South Plains Financial Inc. now owns 1,536 shares of the bank's stock worth $27,000 after buying an additional 826 shares during the period. Centennial Bank AR purchased a new position in shares of Huntington Bancshares in the fourth quarter worth about $28,000. Finally, Accredited Wealth Management LLC increased its holdings in shares of Huntington Bancshares by 374.5% in the third quarter. Accredited Wealth Management LLC now owns 1,675 shares of the bank's stock worth $29,000 after buying an additional 1,322 shares during the period. Hedge funds and other institutional investors own 80.72% of the company's stock.
Huntington Bancshares Company Profile
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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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