Insider Selling: Huntington Bancshares (NASDAQ:HBAN) Insider Sells $27,737.71 in Stock

Huntington Bancshares Incorporated (NASDAQ:HBAN) insider Kendall Kowalski sold 1,547 shares of Huntington Bancshares stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $17.93, for a total value of $27,737.71. Following the completion of the transaction, the insider owned 115,643 shares in the company, valued at $2,073,478.99. The trade was a 1.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Huntington Bancshares Stock Performance

Shares of HBAN stock traded down $0.08 during trading hours on Monday, reaching $17.74. 24,704,392 shares of the company’s stock were exchanged, compared to its average volume of 27,227,197. Huntington Bancshares Incorporated has a fifty-two week low of $11.91 and a fifty-two week high of $18.04. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 0.89. The stock has a market capitalization of $25.89 billion, a P/E ratio of 12.41, a P/E/G ratio of 0.67 and a beta of 0.96. The business has a fifty day moving average price of $16.07 and a 200-day moving average price of $16.56.

Huntington Bancshares (NASDAQ:HBAN) last issued its quarterly earnings results on Monday, December 1st. The bank reported $0.67 earnings per share for the quarter. The firm had revenue of $580.00 million during the quarter. Huntington Bancshares had a net margin of 18.06% and a return on equity of 12.14%. Analysts predict that Huntington Bancshares Incorporated will post 1.39 EPS for the current fiscal year.

Huntington Bancshares Announces Dividend

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

Analyst Upgrades and Downgrades

HBAN has been the topic of a number of analyst reports. Raymond James Financial reissued a “strong-buy” rating and issued a $20.00 target price (down previously from $21.00) on shares of Huntington Bancshares in a research note on Monday, October 20th. DA Davidson reaffirmed a “buy” rating and issued a $21.00 price target on shares of Huntington Bancshares in a research note on Tuesday, October 28th. Morgan Stanley increased their price objective on Huntington Bancshares from $19.00 to $23.00 and gave the stock an “overweight” rating in a research note on Monday, September 29th. Zacks Research cut Huntington Bancshares from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 2nd. Finally, Evercore ISI began coverage on shares of Huntington Bancshares in a research report on Tuesday, October 21st. They issued an “outperform” rating and a $18.00 price target on the stock. Two 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 assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $19.64.

Hedge Funds Weigh In On Huntington Bancshares

Several hedge funds have recently made changes to their positions in the business. MTM Investment Management LLC bought a new stake in Huntington Bancshares in the 2nd quarter valued at $25,000. Family Legacy Financial Solutions LLC acquired a new stake in Huntington Bancshares in the second quarter worth $25,000. Palisade Asset Management LLC bought a new position in Huntington Bancshares in the third quarter worth approximately $26,000. South Plains Financial Inc. increased its holdings in shares of Huntington Bancshares by 116.3% during the third quarter. South Plains Financial Inc. now owns 1,536 shares of the bank’s stock valued at $27,000 after acquiring an additional 826 shares in the last quarter. Finally, Accredited Wealth Management LLC raised its position in shares of Huntington Bancshares by 374.5% during the third quarter. Accredited Wealth Management LLC now owns 1,675 shares of the bank’s stock worth $29,000 after purchasing an additional 1,322 shares during the period. 80.72% of the stock is owned by institutional investors.

About Huntington Bancshares

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.