Huntington Bancshares (NASDAQ:HBAN) VP Sells $111,586.20 in Stock

Huntington Bancshares Incorporated (NASDAQ:HBAN) VP Brantley Standridge sold 5,830 shares of the stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $19.14, for a total transaction of $111,586.20. Following the completion of the sale, the vice president directly owned 327,676 shares in the company, valued at $6,271,718.64. This trade represents a 1.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Huntington Bancshares Price Performance

HBAN opened at $19.27 on Monday. The company has a quick ratio of 0.92, a current ratio of 0.93 and a debt-to-equity ratio of 0.80. The business has a fifty day moving average of $17.72 and a 200 day moving average of $16.95. Huntington Bancshares Incorporated has a 52-week low of $11.91 and a 52-week high of $19.46. The stock has a market cap of $30.35 billion, a P/E ratio of 13.86, a PEG ratio of 0.78 and a beta of 0.96.

Huntington Bancshares (NASDAQ:HBAN) last released its earnings results on Thursday, January 22nd. The bank reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.03). The business had revenue of $2.19 billion for the quarter, compared to the consensus estimate of $2.21 billion. Huntington Bancshares had a return on equity of 11.98% and a net margin of 17.71%.During the same quarter last year, the business posted $0.34 earnings per share. As a group, sell-side analysts anticipate that Huntington Bancshares Incorporated will post 1.39 EPS for the current year.

Huntington Bancshares Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Wednesday, March 18th will be paid a $0.155 dividend. The ex-dividend date of this dividend is Wednesday, March 18th. This represents a $0.62 annualized dividend and a yield of 3.2%. Huntington Bancshares’s dividend payout ratio is 44.60%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. MTM Investment Management LLC acquired a new stake in shares of Huntington Bancshares in the second quarter valued at approximately $25,000. Palisade Asset Management LLC purchased a new position in Huntington Bancshares during the third quarter worth about $26,000. South Plains Financial Inc. boosted its position in shares of Huntington Bancshares by 116.3% during the 3rd quarter. South Plains Financial Inc. now owns 1,536 shares of the bank’s stock worth $27,000 after purchasing an additional 826 shares during the period. Accredited Wealth Management LLC boosted its position in shares of Huntington Bancshares by 374.5% during the third quarter. Accredited Wealth Management LLC now owns 1,675 shares of the bank’s stock worth $29,000 after buying an additional 1,322 shares during the period. Finally, Grey Fox Wealth Advisors LLC purchased a new position in Huntington Bancshares during the 3rd quarter valued at about $31,000. 80.72% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have weighed in on HBAN shares. Morgan Stanley lowered their target price on Huntington Bancshares from $23.00 to $21.00 and set an “overweight” rating for the company in a report on Friday, January 23rd. Weiss Ratings reissued a “buy (b-)” rating on shares of Huntington Bancshares in a report on Thursday, January 22nd. Truist Financial upped their target price on Huntington Bancshares from $20.00 to $21.00 and gave the company a “buy” rating in a research report on Monday, January 26th. Raymond James Financial boosted their target price on shares of Huntington Bancshares from $20.00 to $21.00 and gave the company a “strong-buy” rating in a research report on Friday, January 23rd. Finally, Jefferies Financial Group boosted their price target on Huntington Bancshares from $20.00 to $22.00 and gave the company a “buy” rating in a report on Friday, December 19th. Two analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $20.48.

Huntington Bancshares Company Profile

Huntington Bancshares Incorporated (NASDAQ: HBAN) is a bank holding company headquartered in Columbus, Ohio, that provides a broad range of banking and financial services through its principal subsidiary, Huntington National Bank. The company’s operations are centered on retail and commercial banking, and it serves individual consumers, small and middle-market businesses, and institutional customers.

Huntington’s product offerings include traditional deposit and lending products, consumer and commercial loans, mortgage origination and servicing, auto financing, and business banking solutions.