Huntington Bancshares Incorporated (HBAN) to Issue Quarterly Dividend of $0.16 on July 1st

Huntington Bancshares Incorporated (NASDAQ:HBAN) announced a quarterly dividend on Thursday, April 23rd. Investors of record on Wednesday, June 17th will be given a dividend of 0.155 per share by the bank on Wednesday, July 1st. This represents a c) annualized dividend and a dividend yield of 3.5%. The ex-dividend date is Wednesday, June 17th.

Huntington Bancshares has raised its dividend payment by an average of 0.0%annually over the last three years. Huntington Bancshares has a payout ratio of 39.2% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Huntington Bancshares to earn $1.90 per share next year, which means the company should continue to be able to cover its $0.62 annual dividend with an expected future payout ratio of 32.6%.

Huntington Bancshares Price Performance

Shares of NASDAQ HBAN opened at $17.52 on Monday. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.93 and a quick ratio of 0.92. The firm has a market capitalization of $35.52 billion, a PE ratio of 13.48, a P/E/G ratio of 0.80 and a beta of 0.94. Huntington Bancshares has a 1-year low of $14.89 and a 1-year high of $19.45. The business’s fifty day moving average price is $16.29 and its two-hundred day moving average price is $16.84.

Huntington Bancshares (NASDAQ:HBAN) last announced its earnings results on Thursday, April 23rd. The bank reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.21. The firm had revenue of $2.59 billion for the quarter, compared to the consensus estimate of $2.57 billion. Huntington Bancshares had a return on equity of 11.42% and a net margin of 16.63%.During the same quarter in the previous year, the business earned $0.34 EPS. On average, research analysts expect that Huntington Bancshares will post 1.61 EPS for the current year.

Insider Activity

In other Huntington Bancshares news, Director James D. Rollins III acquired 4,798 shares of Huntington Bancshares stock in a transaction dated Thursday, June 4th. The stock was bought at an average cost of $20.30 per share, with a total value of $97,399.40. Following the completion of the transaction, the director owned 10,000 shares of the company’s stock, valued at $203,000. The trade was a 92.23% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders bought 33,500 shares of company stock valued at $617,542 over the last 90 days. Company insiders own 0.67% of the company’s stock.

Institutional Trading of Huntington Bancshares

Several large investors have recently added to or reduced their stakes in the company. MV Capital Management Inc. bought a new position in Huntington Bancshares in the 4th quarter worth approximately $25,000. Palisade Asset Management LLC acquired a new stake in Huntington Bancshares in the third quarter worth about $26,000. South Plains Financial Inc. raised its holdings in Huntington Bancshares by 116.3% during the 3rd quarter. South Plains Financial Inc. now owns 1,536 shares of the bank’s stock worth $27,000 after purchasing an additional 826 shares during the last quarter. Centennial Bank AR bought a new stake in Huntington Bancshares during the 4th quarter worth about $28,000. Finally, Accredited Wealth Management LLC lifted its position in Huntington Bancshares by 374.5% during the 3rd quarter. Accredited Wealth Management LLC now owns 1,675 shares of the bank’s stock valued at $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 (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.