James Rollins III Buys 1,127 Shares of Huntington Bancshares (NASDAQ:HBAN) Stock

Huntington Bancshares Incorporated (NASDAQ:HBAN) Director James Rollins III bought 1,127 shares of the stock in a transaction dated Monday, March 9th. The shares were purchased at an average cost of $25.39 per share, for a total transaction of $28,614.53. Following the completion of the purchase, the director owned 4,000 shares in the company, valued at approximately $101,560. This represents a 39.23% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Huntington Bancshares Stock Down 0.8%

Huntington Bancshares stock opened at $15.99 on Wednesday. The business has a 50 day simple moving average of $17.64 and a 200-day simple moving average of $17.07. Huntington Bancshares Incorporated has a 12 month low of $11.91 and a 12 month high of $19.45. The stock has a market capitalization of $32.46 billion, a PE ratio of 11.50, a price-to-earnings-growth ratio of 0.65 and a beta of 0.95. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.93 and a quick ratio of 0.92.

Huntington Bancshares (NASDAQ:HBAN) last posted its quarterly earnings data on Thursday, January 22nd. The bank reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.03). Huntington Bancshares had a return on equity of 11.98% and a net margin of 17.71%.The company had revenue of $1.61 billion for the quarter, compared to analyst estimates of $2.21 billion. During the same quarter in the prior year, the company posted $0.34 earnings per share. On average, analysts anticipate that Huntington Bancshares Incorporated will post 1.39 EPS for the current fiscal year.

Huntington Bancshares Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Wednesday, March 18th will be paid a $0.155 dividend. This represents a $0.62 annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend is Wednesday, March 18th. Huntington Bancshares’s dividend payout ratio is currently 44.60%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Raymond James Financial increased their target price on shares of Huntington Bancshares from $20.00 to $21.00 and gave the company a “strong-buy” rating in a research report on Friday, January 23rd. Evercore assumed coverage on shares of Huntington Bancshares in a report on Tuesday, February 3rd. They issued an “outperform” rating and a $21.00 price objective for the company. Wolfe Research restated an “outperform” rating and issued a $21.00 price target on shares of Huntington Bancshares in a research report on Wednesday, January 7th. Wall Street Zen cut Huntington Bancshares from a “hold” rating to a “sell” rating in a report on Saturday, November 15th. Finally, Jefferies Financial Group reduced their price objective on Huntington Bancshares from $22.00 to $21.00 and set a “buy” rating on the stock in a research report on Thursday, March 5th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $20.78.

Institutional Trading of Huntington Bancshares

A number of hedge funds and other institutional investors have recently made changes to their positions in HBAN. Sagespring Wealth Partners LLC lifted its holdings in Huntington Bancshares by 2.4% in the fourth quarter. Sagespring Wealth Partners LLC now owns 25,217 shares of the bank’s stock valued at $438,000 after acquiring an additional 587 shares during the last quarter. MCF Advisors LLC raised its position in Huntington Bancshares by 12.6% in the fourth quarter. MCF Advisors LLC now owns 5,438 shares of the bank’s stock valued at $95,000 after purchasing an additional 609 shares during the period. Parcion Private Wealth LLC lifted its stake in shares of Huntington Bancshares by 6.2% in the 3rd quarter. Parcion Private Wealth LLC now owns 11,081 shares of the bank’s stock valued at $191,000 after purchasing an additional 648 shares during the last quarter. Strategic Planning Inc. lifted its stake in shares of Huntington Bancshares by 0.3% in the 3rd quarter. Strategic Planning Inc. now owns 199,318 shares of the bank’s stock valued at $3,442,000 after purchasing an additional 670 shares during the last quarter. Finally, Rehmann Capital Advisory Group grew its holdings in shares of Huntington Bancshares by 4.3% during the 3rd quarter. Rehmann Capital Advisory Group now owns 16,881 shares of the bank’s stock worth $292,000 after purchasing an additional 694 shares during the period. Institutional investors and hedge funds own 80.72% of the company’s stock.

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.