Marcy Hingst Sells 12,832 Shares of Huntington Bancshares (NASDAQ:HBAN) Stock

Huntington Bancshares Incorporated (NASDAQ:HBAN) EVP Marcy Hingst sold 12,832 shares of the stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $18.00, for a total value of $230,976.00. Following the sale, the executive vice president owned 239,473 shares of the company’s stock, valued at $4,310,514. This trade represents a 5.09% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Huntington Bancshares Stock Performance

Shares of NASDAQ HBAN opened at $17.63 on Wednesday. The stock’s fifty day simple moving average is $16.10 and its 200 day simple moving average is $16.59. The stock has a market capitalization of $25.73 billion, a price-to-earnings ratio of 12.33, a PEG ratio of 0.67 and a beta of 0.96. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 0.89. Huntington Bancshares Incorporated has a 52-week low of $11.91 and a 52-week high of $18.03.

Huntington Bancshares (NASDAQ:HBAN) last announced its earnings results on Monday, December 1st. The bank reported $0.67 EPS for the quarter. The business had revenue of $580.00 million during the quarter. Huntington Bancshares had a return on equity of 12.14% and a net margin of 18.06%. As a group, sell-side analysts forecast that Huntington Bancshares Incorporated will post 1.39 earnings per share for the current fiscal year.

Huntington Bancshares Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 2nd. Shareholders of record on Thursday, December 18th will be issued a $0.155 dividend. This represents a $0.62 annualized dividend and a dividend yield of 3.5%. The ex-dividend date is Thursday, December 18th. Huntington Bancshares’s dividend payout ratio (DPR) is presently 43.36%.

Institutional Trading of Huntington Bancshares

Several hedge funds and other institutional investors have recently modified their holdings of HBAN. Vanguard Personalized Indexing Management LLC boosted its position in Huntington Bancshares by 26.4% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 167,515 shares of the bank’s stock valued at $2,808,000 after buying an additional 35,014 shares during the last quarter. FineMark National Bank & Trust raised its holdings in Huntington Bancshares by 59.2% during the 2nd quarter. FineMark National Bank & Trust now owns 175,144 shares of the bank’s stock worth $2,935,000 after purchasing an additional 65,144 shares during the last quarter. Commerzbank Aktiengesellschaft FI lifted its position in Huntington Bancshares by 43.4% during the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 94,979 shares of the bank’s stock valued at $1,592,000 after purchasing an additional 28,739 shares during the period. Shoker Investment Counsel Inc. lifted its position in Huntington Bancshares by 1,706.3% during the 2nd quarter. Shoker Investment Counsel Inc. now owns 200,566 shares of the bank’s stock valued at $3,361,000 after purchasing an additional 189,462 shares during the period. Finally, Boston Partners boosted its stake in shares of Huntington Bancshares by 4.8% in the 2nd quarter. Boston Partners now owns 60,939,048 shares of the bank’s stock valued at $1,020,382,000 after purchasing an additional 2,776,429 shares during the last quarter. 80.72% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on HBAN shares. Stephens boosted their price target on shares of Huntington Bancshares from $18.00 to $19.00 in a report on Friday, October 17th. Morgan Stanley boosted their target price on shares of Huntington Bancshares from $19.00 to $23.00 and gave the company an “overweight” rating in a research note on Monday, September 29th. Truist Financial increased their target price on Huntington Bancshares from $19.00 to $20.00 and gave the company a “buy” rating in a report on Friday, September 12th. Zacks Research downgraded Huntington Bancshares from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 2nd. Finally, Evercore ISI started coverage on Huntington Bancshares in a research note on Tuesday, October 21st. They issued an “outperform” rating and a $18.00 price objective for the company. Two research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Huntington Bancshares presently has an average rating of “Moderate Buy” and a consensus target price of $19.64.

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.