Brantley J. Standridge Sells 50,000 Shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) Stock

Huntington Bancshares Incorporated (NASDAQ:HBAN) VP Brantley J. Standridge sold 50,000 shares of the stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $13.60, for a total transaction of $680,000.00. Following the transaction, the vice president now owns 385,409 shares in the company, valued at $5,241,562.40. The sale was disclosed in a filing with the SEC, which is available through this link.

Huntington Bancshares Stock Performance

NASDAQ:HBAN traded down $0.18 during trading hours on Thursday, reaching $13.58. 14,602,751 shares of the company’s stock were exchanged, compared to its average volume of 17,782,875. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.88. Huntington Bancshares Incorporated has a 1-year low of $9.13 and a 1-year high of $14.07. The company has a 50-day moving average of $13.35 and a 200 day moving average of $12.23. The firm has a market capitalization of $19.69 billion, a price-to-earnings ratio of 12.23, a P/E/G ratio of 2.51 and a beta of 1.11.

Huntington Bancshares (NASDAQ:HBAN) last released its earnings results on Friday, April 19th. The bank reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.03. The company had revenue of $2.85 billion for the quarter, compared to analysts’ expectations of $1.74 billion. Huntington Bancshares had a return on equity of 11.99% and a net margin of 15.86%. During the same quarter in the previous year, the firm posted $0.38 EPS. Research analysts anticipate that Huntington Bancshares Incorporated will post 1.22 EPS for the current year.

Huntington Bancshares Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Monday, June 17th will be given a dividend of $0.155 per share. This represents a $0.62 annualized dividend and a yield of 4.57%. The ex-dividend date of this dividend is Friday, June 14th. Huntington Bancshares’s payout ratio is 55.86%.

Institutional Trading of Huntington Bancshares

Institutional investors have recently made changes to their positions in the stock. Wetzel Investment Advisors Inc. acquired a new stake in shares of Huntington Bancshares in the fourth quarter worth $29,000. Future Financial Wealth Managment LLC purchased a new position in Huntington Bancshares in the first quarter valued at about $29,000. Nemes Rush Group LLC lifted its stake in shares of Huntington Bancshares by 140.9% during the fourth quarter. Nemes Rush Group LLC now owns 2,378 shares of the bank’s stock worth $30,000 after purchasing an additional 1,391 shares in the last quarter. Planned Solutions Inc. purchased a new stake in shares of Huntington Bancshares in the fourth quarter worth about $33,000. Finally, Authentikos Wealth Advisory LLC purchased a new position in Huntington Bancshares in the 3rd quarter worth about $35,000. 80.72% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

HBAN has been the topic of a number of recent analyst reports. Royal Bank of Canada raised their price target on shares of Huntington Bancshares from $15.00 to $16.00 and gave the company an “outperform” rating in a report on Tuesday, April 9th. Citigroup increased their price target on Huntington Bancshares from $14.00 to $15.00 and gave the company a “buy” rating in a report on Thursday, January 25th. DA Davidson raised shares of Huntington Bancshares from a “neutral” rating to a “buy” rating and upped their price objective for the company from $14.00 to $15.50 in a report on Tuesday, February 27th. Bank of America upgraded shares of Huntington Bancshares from a “neutral” rating to a “buy” rating and boosted their target price for the company from $14.00 to $16.00 in a report on Monday, April 8th. Finally, Keefe, Bruyette & Woods increased their price target on Huntington Bancshares from $14.00 to $15.00 and gave the stock a “market perform” rating in a report on Friday, April 5th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $15.17.

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.