Huntington Bancshares (NASDAQ:HBAN) EVP Sells $230,976.00 in Stock

Huntington Bancshares Incorporated (NASDAQ:HBAN) EVP Marcy Hingst sold 12,832 shares of the company’s stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $18.00, for a total transaction of $230,976.00. Following the sale, the executive vice president owned 239,473 shares of the company’s stock, valued at $4,310,514. This represents a 5.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Huntington Bancshares Stock Performance

Shares of HBAN stock traded down $0.08 during mid-day trading on Monday, reaching $17.74. 24,704,392 shares of the company’s stock traded hands, compared to its average volume of 27,227,197. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.91 and a current ratio of 0.92. Huntington Bancshares Incorporated has a 12 month low of $11.91 and a 12 month high of $18.04. The firm has a market capitalization of $25.89 billion, a PE ratio of 12.41, a price-to-earnings-growth ratio of 0.67 and a beta of 0.96. The firm has a 50 day moving average price of $16.07 and a two-hundred day moving average price of $16.56.

Huntington Bancshares (NASDAQ:HBAN) last released its earnings results on Monday, December 1st. The bank reported $0.67 earnings per share for the quarter. Huntington Bancshares had a net margin of 18.06% and a return on equity of 12.14%. The business had revenue of $580.00 million for the quarter. On average, research analysts forecast that Huntington Bancshares Incorporated will post 1.39 EPS for the current year.

Huntington Bancshares Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 2nd. Investors of record on Thursday, December 18th will be issued a $0.155 dividend. This represents a $0.62 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date is Thursday, December 18th. Huntington Bancshares’s payout ratio is presently 43.36%.

Analyst Ratings Changes

A number of research firms recently issued reports on HBAN. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $20.00 price target (down from $21.00) on shares of Huntington Bancshares in a report on Monday, October 20th. Truist Financial boosted their target price on shares of Huntington Bancshares from $19.00 to $20.00 and gave the company a “buy” rating in a research report on Friday, September 12th. Weiss Ratings reissued a “buy (b-)” rating on shares of Huntington Bancshares in a report on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft raised their price target on Huntington Bancshares from $20.00 to $21.00 and gave the company a “buy” rating in a report on Tuesday, September 30th. Finally, Stephens lifted their target price on shares of Huntington Bancshares from $18.00 to $19.00 in a research note on Friday, October 17th. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, four have assigned 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 a consensus target price of $19.64.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Accurate Wealth Management LLC boosted its holdings in Huntington Bancshares by 3.5% in the second quarter. Accurate Wealth Management LLC now owns 18,159 shares of the bank’s stock valued at $319,000 after purchasing an additional 611 shares during the period. LifeWealth Investments LLC raised its position in shares of Huntington Bancshares by 2.3% in the second quarter. LifeWealth Investments LLC now owns 28,501 shares of the bank’s stock valued at $478,000 after buying an additional 632 shares during the last quarter. Parcion Private Wealth LLC increased its holdings in shares of Huntington Bancshares by 6.2% during the 3rd quarter. Parcion Private Wealth LLC now owns 11,081 shares of the bank’s stock worth $191,000 after buying an additional 648 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in Huntington Bancshares by 0.4% during the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 164,551 shares of the bank’s stock worth $2,758,000 after acquiring an additional 668 shares in the last quarter. Finally, Strategic Planning Inc. raised its holdings in Huntington Bancshares by 0.3% in the third quarter. Strategic Planning Inc. now owns 199,318 shares of the bank’s stock valued at $3,442,000 after acquiring an additional 670 shares in the last quarter. 80.72% of the stock is owned by institutional investors and hedge funds.

Huntington Bancshares Company Profile

Huntington Bancshares Incorporated operates as the bank holding company for The Huntington National Bank that provides commercial, consumer, and mortgage banking services in the United States. The company offers financial products and services to consumer and business customers, including deposits, lending, payments, mortgage banking, dealer financing, investment management, trust, brokerage, insurance, and other financial products and services.