Huntington Bancshares Incorporated (NASDAQ:HBAN) Insider Helga Houston Sells 6,455 Shares

Huntington Bancshares Incorporated (NASDAQ:HBAN) insider Helga Houston sold 6,455 shares of the company’s stock in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of $15.43, for a total value of $99,600.65. Following the completion of the transaction, the insider now directly owns 558,342 shares of the company’s stock, valued at $8,615,217.06. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Helga Houston also recently made the following trade(s):

• On Monday, July 29th, Helga Houston sold 11,288 shares of Huntington Bancshares stock. The shares were sold at an average price of $15.02, for a total value of $169,545.76.

Huntington Bancshares Stock Up 0.1 %

Huntington Bancshares stock opened at $15.56 on Friday. Huntington Bancshares Incorporated has a 1-year low of $9.25 and a 1-year high of $16.03. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.89 and a quick ratio of 0.88. The stock has a market cap of $22.55 billion, a PE ratio of 14.02, a P/E/G ratio of 2.77 and a beta of 1.04. The stock’s fifty day moving average is $14.72 and its two-hundred day moving average is $13.98.

Huntington Bancshares (NASDAQ:HBAN) last posted its quarterly earnings results on Thursday, October 17th. The bank reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.03. Huntington Bancshares had a return on equity of 11.34% and a net margin of 14.77%. The company had revenue of $1.89 billion for the quarter, compared to analysts’ expectations of $1.86 billion. During the same period last year, the firm earned $0.36 earnings per share. On average, sell-side analysts expect that Huntington Bancshares Incorporated will post 1.18 EPS for the current fiscal year.

Huntington Bancshares Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Wednesday, December 18th will be given a dividend of $0.155 per share. This represents a $0.62 dividend on an annualized basis and a dividend yield of 3.98%. The ex-dividend date is Wednesday, December 18th. Huntington Bancshares’s dividend payout ratio (DPR) is currently 55.86%.

Institutional Trading of Huntington Bancshares

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Lazard Asset Management LLC grew its holdings in shares of Huntington Bancshares by 251,152.2% during the first quarter. Lazard Asset Management LLC now owns 173,364 shares of the bank’s stock worth $2,417,000 after buying an additional 173,295 shares during the last quarter. CANADA LIFE ASSURANCE Co grew its holdings in shares of Huntington Bancshares by 53.6% during the first quarter. CANADA LIFE ASSURANCE Co now owns 1,617,730 shares of the bank’s stock worth $22,577,000 after buying an additional 564,729 shares during the last quarter. Heritage Wealth Management Inc. purchased a new position in shares of Huntington Bancshares during the second quarter worth about $744,000. Silverleafe Capital Partners LLC purchased a new position in shares of Huntington Bancshares during the first quarter worth about $1,171,000. Finally, SG Americas Securities LLC grew its holdings in shares of Huntington Bancshares by 531.0% during the second quarter. SG Americas Securities LLC now owns 1,150,690 shares of the bank’s stock worth $15,166,000 after buying an additional 968,331 shares during the last quarter. Institutional investors and hedge funds own 80.72% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on HBAN shares. Royal Bank of Canada reissued an “outperform” rating and set a $17.00 target price on shares of Huntington Bancshares in a report on Friday, October 18th. Baird R W cut Huntington Bancshares from a “strong-buy” rating to a “hold” rating in a report on Friday, July 26th. Morgan Stanley increased their target price on Huntington Bancshares from $16.00 to $18.00 and gave the company an “overweight” rating in a report on Monday, August 5th. Barclays increased their price target on Huntington Bancshares from $15.00 to $17.00 and gave the company an “equal weight” rating in a report on Friday, October 18th. Finally, Citigroup increased their price target on Huntington Bancshares from $17.00 to $18.00 and gave the company a “buy” rating in a report on Monday, July 22nd. One analyst has rated the stock with a sell rating, six have issued a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $16.03.

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.