Huntington Bancshares Incorporated (NASDAQ:HBAN) Director Acquires $250,027.80 in Stock

Huntington Bancshares Incorporated (NASDAQ:HBANGet Rating) Director Gary Torgow bought 19,382 shares of the firm’s stock in a transaction that occurred on Wednesday, July 27th. The stock was bought at an average cost of $12.90 per share, for a total transaction of $250,027.80. Following the completion of the transaction, the director now directly owns 893,301 shares of the company’s stock, valued at approximately $11,523,582.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Huntington Bancshares Stock Up 1.9 %

Shares of NASDAQ:HBAN opened at $13.29 on Friday. The company has a current ratio of 0.82, a quick ratio of 0.81 and a debt-to-equity ratio of 0.50. The company has a fifty day simple moving average of $12.77 and a 200 day simple moving average of $14.12. The firm has a market cap of $19.13 billion, a PE ratio of 11.87 and a beta of 1.20. Huntington Bancshares Incorporated has a 12-month low of $11.67 and a 12-month high of $17.79.

Huntington Bancshares (NASDAQ:HBANGet Rating) last issued its quarterly earnings results on Thursday, July 21st. The bank reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.01. Huntington Bancshares had a net margin of 25.58% and a return on equity of 13.11%. During the same period last year, the firm earned $0.35 earnings per share. On average, equities research analysts anticipate that Huntington Bancshares Incorporated will post 1.45 EPS for the current fiscal year.

Huntington Bancshares Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, October 3rd. Investors of record on Monday, September 19th will be paid a $0.155 dividend. The ex-dividend date of this dividend is Friday, September 16th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 4.67%. Huntington Bancshares’s dividend payout ratio (DPR) is presently 55.36%.

Institutional Trading of Huntington Bancshares

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Tortoise Investment Management LLC increased its stake in Huntington Bancshares by 433.3% during the fourth quarter. Tortoise Investment Management LLC now owns 1,600 shares of the bank’s stock valued at $25,000 after purchasing an additional 1,300 shares during the last quarter. Core Alternative Capital bought a new stake in Huntington Bancshares during the first quarter valued at $25,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new stake in Huntington Bancshares during the fourth quarter valued at $27,000. Riverview Trust Co bought a new stake in Huntington Bancshares during the first quarter valued at $27,000. Finally, Larson Financial Group LLC bought a new stake in Huntington Bancshares during the fourth quarter valued at $31,000. Institutional investors own 79.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on HBAN. Morgan Stanley decreased their target price on shares of Huntington Bancshares from $17.00 to $14.00 and set an “equal weight” rating on the stock in a research report on Tuesday, July 12th. Piper Sandler cut shares of Huntington Bancshares from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $14.00 to $13.50 in a research report on Friday, July 8th. StockNews.com raised shares of Huntington Bancshares from a “sell” rating to a “hold” rating in a research report on Friday, April 22nd. Keefe, Bruyette & Woods cut shares of Huntington Bancshares from a “market perform” rating to an “underperform” rating and reduced their price target for the company from $17.00 to $15.00 in a research report on Thursday, June 2nd. Finally, The Goldman Sachs Group reduced their price target on shares of Huntington Bancshares from $17.50 to $14.50 and set a “buy” rating on the stock in a research report on Tuesday, May 31st. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $15.11.

Huntington Bancshares Company Profile

(Get Rating)

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 operates through four segments: Consumer and Business Banking; Commercial Banking; Vehicle Finance; and Regional Banking and The Huntington Private Client Group (RBHPCG).

Featured Articles

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

Receive News & Ratings for Huntington Bancshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Huntington Bancshares and related companies with MarketBeat.com's FREE daily email newsletter.