Huntington Bancshares Incorporated (NASDAQ:HBAN) CFO Zachary Jacob Wasserman Sells 30,000 Shares

Huntington Bancshares Incorporated (NASDAQ:HBAN) CFO Zachary Jacob Wasserman sold 30,000 shares of the firm’s stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $13.66, for a total value of $409,800.00. Following the completion of the sale, the chief financial officer now owns 305,884 shares in the company, valued at $4,178,375.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Huntington Bancshares Stock Down 1.3 %

HBAN traded down $0.18 during midday trading on Thursday, hitting $13.58. 14,602,751 shares of the company’s stock traded hands, compared to its average volume of 17,782,875. The company has a market cap of $19.69 billion, a PE ratio of 12.23, a price-to-earnings-growth ratio of 2.51 and a beta of 1.11. The stock’s fifty day simple moving average is $13.35 and its 200-day simple moving average is $12.23. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.88 and a quick ratio of 0.88. Huntington Bancshares Incorporated has a one year low of $9.13 and a one year high of $14.07.

Huntington Bancshares (NASDAQ:HBAN) last issued its quarterly earnings data on Friday, April 19th. The bank reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.03. Huntington Bancshares had a net margin of 15.86% and a return on equity of 11.99%. The firm had revenue of $2.85 billion for the quarter, compared to analyst estimates of $1.74 billion. During the same quarter last year, the firm earned $0.38 earnings per share. As a group, equities analysts anticipate that Huntington Bancshares Incorporated will post 1.22 earnings per share for the current fiscal 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 issued a dividend of $0.155 per share. The ex-dividend date is Friday, June 14th. This represents a $0.62 annualized dividend and a yield of 4.57%. Huntington Bancshares’s dividend payout ratio (DPR) is presently 55.86%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Barclays upgraded Huntington Bancshares from an “underweight” rating to an “equal weight” rating and raised their target price for the company from $12.00 to $15.00 in a research note on Tuesday, January 2nd. DA Davidson raised Huntington Bancshares from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $14.00 to $15.50 in a research note on Tuesday, February 27th. JPMorgan Chase & Co. lifted their price target on Huntington Bancshares from $15.00 to $16.00 and gave the stock a “neutral” rating in a research note on Thursday, April 4th. Citigroup lifted their price target on Huntington Bancshares from $14.00 to $15.00 and gave the stock a “buy” rating in a research note on Thursday, January 25th. Finally, Morgan Stanley reissued an “overweight” rating and issued a $16.00 price target on shares of Huntington Bancshares in a research note on Monday. One research analyst has rated the stock with a sell rating, six have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Huntington Bancshares has a consensus rating of “Moderate Buy” and a consensus target price of $15.17.

Hedge Funds Weigh In On Huntington Bancshares

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HBAN. Wetzel Investment Advisors Inc. acquired a new position in Huntington Bancshares during the fourth quarter valued at approximately $29,000. Future Financial Wealth Managment LLC acquired a new stake in shares of Huntington Bancshares in the first quarter worth $29,000. Nemes Rush Group LLC grew its stake in shares of Huntington Bancshares by 140.9% in the fourth quarter. Nemes Rush Group LLC now owns 2,378 shares of the bank’s stock worth $30,000 after acquiring an additional 1,391 shares during the last quarter. Planned Solutions Inc. acquired a new stake in shares of Huntington Bancshares in the fourth quarter worth $33,000. Finally, Authentikos Wealth Advisory LLC acquired a new stake in shares of Huntington Bancshares in the third quarter worth $35,000. Institutional investors and hedge funds own 80.72% of the company’s stock.

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.