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 firm’s stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $18.00, for a total transaction of $230,976.00. Following the sale, the executive vice president directly owned 239,473 shares in the company, valued at approximately $4,310,514. The trade was a 5.09% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Huntington Bancshares Trading Up 0.7%

NASDAQ HBAN opened at $17.75 on Thursday. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.92 and a quick ratio of 0.91. The firm’s fifty day moving average price is $16.13 and its 200 day moving average price is $16.60. The company has a market capitalization of $25.90 billion, a price-to-earnings ratio of 12.41, a price-to-earnings-growth ratio of 0.66 and a beta of 0.96. Huntington Bancshares Incorporated has a 12 month low of $11.91 and a 12 month high of $18.03.

Huntington Bancshares (NASDAQ:HBAN) last announced 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%. On average, sell-side analysts expect that Huntington Bancshares Incorporated will post 1.39 earnings per share for the current fiscal year.

Huntington Bancshares Dividend Announcement

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

Hedge Funds Weigh In On Huntington Bancshares

Large investors have recently bought and sold shares of the company. Vanguard Personalized Indexing Management LLC grew its position in Huntington Bancshares by 26.4% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 167,515 shares of the bank’s stock valued at $2,808,000 after acquiring an additional 35,014 shares during the period. FineMark National Bank & Trust lifted its stake in shares of Huntington Bancshares by 59.2% in the 2nd quarter. FineMark National Bank & Trust now owns 175,144 shares of the bank’s stock valued at $2,935,000 after purchasing an additional 65,144 shares in the last quarter. Commerzbank Aktiengesellschaft FI grew its holdings in shares of Huntington Bancshares by 43.4% during the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 94,979 shares of the bank’s stock worth $1,592,000 after purchasing an additional 28,739 shares during the period. Shoker Investment Counsel Inc. grew its holdings in shares of Huntington Bancshares by 1,706.3% during the 2nd quarter. Shoker Investment Counsel Inc. now owns 200,566 shares of the bank’s stock worth $3,361,000 after purchasing an additional 189,462 shares during the period. Finally, Boston Partners increased its position in Huntington Bancshares by 4.8% during the 2nd quarter. Boston Partners now owns 60,939,048 shares of the bank’s stock worth $1,020,382,000 after purchasing an additional 2,776,429 shares in the last quarter. Hedge funds and other institutional investors own 80.72% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on HBAN. Jefferies Financial Group boosted their price objective on Huntington Bancshares from $19.00 to $20.00 and gave the company a “buy” rating in a research note on Monday, December 1st. Raymond James Financial reiterated a “strong-buy” rating and issued a $20.00 price target (down previously from $21.00) on shares of Huntington Bancshares in a research report on Monday, October 20th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Huntington Bancshares in a research note on Wednesday, October 8th. Piper Sandler lifted their price objective on shares of Huntington Bancshares from $15.00 to $16.00 and gave the company an “underweight” rating in a research note on Wednesday, December 10th. Finally, TD Cowen upped their target price on shares of Huntington Bancshares from $22.00 to $23.00 and gave the company a “buy” rating in a report on Tuesday, October 28th. Two research analysts have 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 stock. Based on data from MarketBeat, Huntington Bancshares has a consensus rating of “Moderate Buy” and a consensus price target of $19.64.

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.