Huntington Bancshares Incorporated (NASDAQ:HBAN) Director Sells $785,320.00 in Stock

Huntington Bancshares Incorporated (NASDAQ:HBANGet Free Report) Director Ann B. Crane sold 58,000 shares of the stock in a transaction on Friday, March 8th. The shares were sold at an average price of $13.54, for a total value of $785,320.00. Following the sale, the director now owns 192,247 shares in the company, valued at approximately $2,603,024.38. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Huntington Bancshares Price Performance

Shares of HBAN stock traded down $0.02 during trading hours on Tuesday, reaching $13.44. The company had a trading volume of 11,758,147 shares, compared to its average volume of 17,992,523. The company has a market capitalization of $19.57 billion, a price-to-earnings ratio of 10.84 and a beta of 1.09. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.87 and a current ratio of 0.87. The stock has a fifty day moving average of $12.83 and a 200-day moving average of $11.59. Huntington Bancshares Incorporated has a 12-month low of $9.13 and a 12-month high of $13.77.

Huntington Bancshares (NASDAQ:HBANGet Free Report) last released its quarterly earnings results on Friday, January 19th. The bank reported $0.27 EPS for the quarter, topping the consensus estimate of $0.12 by $0.15. Huntington Bancshares had a return on equity of 12.96% and a net margin of 18.00%. The business had revenue of $2.76 billion during the quarter, compared to analyst estimates of $1.75 billion. During the same period last year, the business posted $0.43 earnings per share. On average, equities analysts anticipate that Huntington Bancshares Incorporated will post 1.21 earnings per share for the current year.

Huntington Bancshares Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 1st. Investors of record on Monday, March 18th will be given a $0.155 dividend. The ex-dividend date of this dividend is Friday, March 15th. This represents a $0.62 annualized dividend and a yield of 4.61%. Huntington Bancshares’s dividend payout ratio (DPR) is 50.00%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on HBAN shares. UBS Group upgraded Huntington Bancshares from a “neutral” rating to a “buy” rating and increased their price target for the stock from $14.00 to $15.00 in a report on Wednesday, February 14th. Raymond James upped their price target on shares of Huntington Bancshares from $13.00 to $15.00 and gave the stock a “strong-buy” rating in a report on Tuesday, December 26th. Royal Bank of Canada boosted their price objective on shares of Huntington Bancshares from $12.00 to $15.00 and gave the company an “outperform” rating in a research report on Monday, December 18th. DA Davidson upgraded Huntington Bancshares from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $14.00 to $15.50 in a research note on Tuesday, February 27th. Finally, Evercore ISI raised shares of Huntington Bancshares from an “in-line” rating to an “outperform” rating and boosted their price objective for the company from $10.50 to $15.00 in a report on Wednesday, January 3rd. One analyst has rated the stock with a sell rating, seven have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $13.66.

View Our Latest Analysis on HBAN

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Tyler Stone Wealth Management purchased a new stake in Huntington Bancshares during the second quarter worth about $25,000. Wetzel Investment Advisors Inc. purchased a new stake in Huntington Bancshares during the 4th quarter worth $29,000. Nemes Rush Group LLC lifted its holdings in Huntington Bancshares by 140.9% in the 4th quarter. Nemes Rush Group LLC now owns 2,378 shares of the bank’s stock worth $30,000 after buying an additional 1,391 shares in the last quarter. Clear Street Markets LLC raised its stake in shares of Huntington Bancshares by 81.6% in the 1st quarter. Clear Street Markets LLC now owns 2,831 shares of the bank’s stock valued at $32,000 after purchasing an additional 1,272 shares in the last quarter. Finally, Planned Solutions Inc. bought a new position in shares of Huntington Bancshares during the fourth quarter worth about $33,000. 78.68% of the stock is owned by hedge funds and other institutional investors.

About Huntington Bancshares

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for Huntington Bancshares (NASDAQ:HBAN)

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