Huntington Bancshares Incorporated (NASDAQ:HBAN) VP Sells $368,350.15 in Stock

Huntington Bancshares Incorporated (NASDAQ:HBAN) VP Rajeev Syal sold 27,265 shares of Huntington Bancshares stock in a transaction on Monday, April 29th. The stock was sold at an average price of $13.51, for a total value of $368,350.15. Following the completion of the sale, the vice president now directly owns 397,173 shares of the company’s stock, valued at approximately $5,365,807.23. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Huntington Bancshares Trading Up 0.1 %

Shares of NASDAQ:HBAN opened at $13.67 on Friday. The stock has a 50 day moving average of $13.41 and a 200 day moving average of $12.34. The company has a market cap of $19.80 billion, a PE ratio of 12.32, a price-to-earnings-growth ratio of 2.49 and a beta of 1.09. Huntington Bancshares Incorporated has a 12-month low of $9.13 and a 12-month high of $14.07. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.88.

Huntington Bancshares (NASDAQ:HBAN) last posted its quarterly earnings results on Friday, April 19th. The bank reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.03. The business had revenue of $2.85 billion during the quarter, compared to analyst estimates of $1.74 billion. Huntington Bancshares had a net margin of 15.86% and a return on equity of 11.99%. During the same period in the prior year, the business posted $0.38 earnings per share. As a group, equities research analysts expect that Huntington Bancshares Incorporated will post 1.21 EPS for the current year.

Huntington Bancshares Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Monday, June 17th will be issued a $0.155 dividend. The ex-dividend date is Friday, June 14th. This represents a $0.62 dividend on an annualized basis and a yield of 4.54%. Huntington Bancshares’s dividend payout ratio is presently 55.86%.

Institutional Investors Weigh In On Huntington Bancshares

A number of institutional investors have recently added to or reduced their stakes in the stock. Financial Counselors Inc. lifted its holdings in shares of Huntington Bancshares by 2.2% in the first quarter. Financial Counselors Inc. now owns 1,461,438 shares of the bank’s stock worth $20,387,000 after buying an additional 30,935 shares in the last quarter. Daiwa Securities Group Inc. boosted its holdings in shares of Huntington Bancshares by 7.2% during the 1st quarter. Daiwa Securities Group Inc. now owns 143,312 shares of the bank’s stock valued at $1,999,000 after purchasing an additional 9,564 shares during the last quarter. Fidelis Capital Partners LLC purchased a new position in shares of Huntington Bancshares during the first quarter valued at about $88,000. Tobam increased its holdings in shares of Huntington Bancshares by 32.9% in the first quarter. Tobam now owns 13,287 shares of the bank’s stock worth $185,000 after purchasing an additional 3,289 shares during the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. lifted its position in shares of Huntington Bancshares by 13.5% in the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 46,170 shares of the bank’s stock worth $644,000 after buying an additional 5,507 shares in the last quarter. 80.72% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

HBAN has been the subject of several research analyst reports. JPMorgan Chase & Co. lifted their price objective on Huntington Bancshares from $15.00 to $16.00 and gave the stock a “neutral” rating in a report on Thursday, April 4th. Citigroup boosted their price objective on shares of Huntington Bancshares from $14.00 to $15.00 and gave the company a “buy” rating in a report on Thursday, January 25th. Evercore ISI raised their target price on shares of Huntington Bancshares from $15.00 to $16.00 and gave the stock an “outperform” rating in a report on Thursday, March 28th. UBS Group 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 $15.00 in a research note on Wednesday, February 14th. Finally, Morgan Stanley restated an “overweight” rating and issued a $16.00 price target on shares of Huntington Bancshares in a research note on Monday, April 22nd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $15.17.

Huntington Bancshares Company Profile

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.