Huntington Bancshares (NASDAQ:HBAN) Insider Prashant Nateri Sells 10,171 Shares

Huntington Bancshares Incorporated (NASDAQ:HBAN) insider Prashant Nateri sold 10,171 shares of Huntington Bancshares stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $15.50, for a total value of $157,650.50. Following the sale, the insider directly owned 83,819 shares of the company’s stock, valued at approximately $1,299,194.50. This trade represents a 10.82% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Huntington Bancshares Price Performance

Shares of Huntington Bancshares stock opened at $15.28 on Tuesday. The firm has a market capitalization of $31.13 billion, a PE ratio of 10.99, a price-to-earnings-growth ratio of 0.61 and a beta of 0.95. The company has a current ratio of 0.93, a quick ratio of 0.92 and a debt-to-equity ratio of 0.80. Huntington Bancshares Incorporated has a 12 month low of $11.91 and a 12 month high of $19.45. The business’s 50-day moving average price is $17.47 and its 200-day moving average price is $17.01.

Huntington Bancshares (NASDAQ:HBAN) last released its earnings results 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). The firm had revenue of $1.61 billion during the quarter, compared to the consensus estimate 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 firm earned $0.34 EPS. Sell-side analysts forecast that Huntington Bancshares Incorporated will post 1.39 EPS for the current fiscal year.

Huntington Bancshares Dividend Announcement

The firm also recently declared 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. The ex-dividend date of this dividend is Wednesday, March 18th. This represents a $0.62 annualized dividend and a dividend yield of 4.1%. Huntington Bancshares’s dividend payout ratio (DPR) is 44.60%.

Analyst Ratings Changes

Several equities analysts recently commented on HBAN shares. Piper Sandler increased their target price on shares of Huntington Bancshares from $16.00 to $17.00 and gave the company an “underweight” rating in a report on Thursday, January 22nd. Raymond James Financial boosted their price target on shares of Huntington Bancshares from $20.00 to $21.00 and gave the stock a “strong-buy” rating in a research note on Friday, January 23rd. Wolfe Research reaffirmed an “outperform” rating and set a $21.00 price objective on shares of Huntington Bancshares in a research note on Wednesday, January 7th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Huntington Bancshares in a research note on Thursday, January 22nd. Finally, The Goldman Sachs Group reissued a “buy” rating and issued a $21.00 target price on shares of Huntington Bancshares in a research note on Tuesday, January 6th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $20.63.

Institutional Investors Weigh In On Huntington Bancshares

Large investors have recently added to or reduced their stakes in the company. Fund Advisors of America Inc FL purchased a new stake in shares of Huntington Bancshares during the fourth quarter worth about $222,000. World Investment Advisors increased its holdings in Huntington Bancshares by 8.8% during the 4th quarter. World Investment Advisors now owns 23,076 shares of the bank’s stock valued at $400,000 after purchasing an additional 1,870 shares during the period. Corient Private Wealth LLC raised its position in Huntington Bancshares by 6.1% during the 4th quarter. Corient Private Wealth LLC now owns 755,843 shares of the bank’s stock valued at $13,115,000 after purchasing an additional 43,618 shares during the last quarter. Hsbc Holdings PLC lifted its holdings in Huntington Bancshares by 25.4% in the 4th quarter. Hsbc Holdings PLC now owns 8,161,085 shares of the bank’s stock worth $141,625,000 after buying an additional 1,652,464 shares during the period. Finally, Bayban purchased a new stake in Huntington Bancshares in the 4th quarter worth approximately $78,000. Institutional investors 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.