James Rollins III Purchases 4,915 Shares of Huntington Bancshares (NASDAQ:HBAN) Stock

Huntington Bancshares Incorporated (NASDAQ:HBAN) Director James Rollins III acquired 4,915 shares of Huntington Bancshares stock in a transaction that occurred on Tuesday, March 3rd. The shares were purchased at an average price of $17.65 per share, for a total transaction of $86,749.75. Following the completion of the purchase, the director directly owned 4,915 shares of the company’s stock, valued at $86,749.75. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Huntington Bancshares Price Performance

Shares of HBAN opened at $16.68 on Friday. The firm has a market capitalization of $33.86 billion, a price-to-earnings ratio of 12.00, a price-to-earnings-growth ratio of 0.68 and a beta of 0.95. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.92 and a current ratio of 0.93. The stock’s fifty day moving average is $17.73 and its 200-day moving average is $17.08. Huntington Bancshares Incorporated has a one year low of $11.91 and a one year high of $19.45.

Huntington Bancshares (NASDAQ:HBAN) last announced its earnings results on Thursday, January 22nd. The bank reported $0.37 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.03). The firm had revenue of $2.19 billion during the quarter, compared to analyst estimates of $2.21 billion. Huntington Bancshares had a return on equity of 11.98% and a net margin of 17.71%.During the same quarter in the previous year, the business earned $0.34 earnings per share. Equities analysts anticipate that Huntington Bancshares Incorporated will post 1.39 EPS for the current year.

Huntington Bancshares Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Wednesday, March 18th will be paid a dividend of $0.155 per share. This represents a $0.62 annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend is Wednesday, March 18th. Huntington Bancshares’s payout ratio is 44.60%.

Wall Street Analysts Forecast Growth

HBAN has been the topic of several analyst reports. Morgan Stanley increased their price target on Huntington Bancshares from $21.00 to $23.00 and gave the company an “overweight” rating in a report on Monday. Barclays boosted their target price on shares of Huntington Bancshares from $19.00 to $20.00 and gave the stock an “equal weight” rating in a research report on Monday, January 5th. Truist Financial boosted their price objective on shares of Huntington Bancshares from $20.00 to $21.00 and gave the stock a “buy” rating in a report on Monday, January 26th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $21.00 price objective on shares of Huntington Bancshares in a research report on Monday, January 12th. Finally, The Goldman Sachs Group reissued a “buy” rating and set a $21.00 price objective on shares of Huntington Bancshares in a report on Tuesday, January 6th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $20.64.

Institutional Investors Weigh In On Huntington Bancshares

Large investors have recently bought and sold shares of the company. Empowered Funds LLC boosted its holdings in shares of Huntington Bancshares by 5.0% during the 1st quarter. Empowered Funds LLC now owns 28,888 shares of the bank’s stock valued at $434,000 after acquiring an additional 1,366 shares in the last quarter. Woodline Partners LP increased its holdings in shares of Huntington Bancshares by 40.8% during the first quarter. Woodline Partners LP now owns 122,821 shares of the bank’s stock valued at $1,844,000 after acquiring an additional 35,574 shares in the last quarter. Oppenheimer Asset Management Inc. lifted its position in Huntington Bancshares by 11.0% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 12,478 shares of the bank’s stock valued at $209,000 after acquiring an additional 1,238 shares in the last quarter. Spire Wealth Management boosted its holdings in shares of Huntington Bancshares by 20.0% in the 2nd quarter. Spire Wealth Management now owns 7,015 shares of the bank’s stock worth $118,000 after buying an additional 1,170 shares during the last quarter. Finally, Assetmark Inc. grew its position in shares of Huntington Bancshares by 26.7% in the second quarter. Assetmark Inc. now owns 228,345 shares of the bank’s stock valued at $3,827,000 after purchasing an additional 48,067 shares in the last quarter. 80.72% of the stock is currently owned by institutional investors and hedge funds.

About Huntington Bancshares

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.