Insider Selling: Huntington Bancshares Incorporated (NASDAQ:HBAN) VP Sells $53,695.25 in Stock

Huntington Bancshares Incorporated (NASDAQ:HBAN) VP Brendan A. Lawlor sold 3,521 shares of the stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $15.25, for a total transaction of $53,695.25. Following the completion of the transaction, the vice president now directly owns 47,950 shares of the company’s stock, valued at approximately $731,237.50. The trade was a 6.84 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Huntington Bancshares Stock Performance

NASDAQ:HBAN opened at $14.79 on Friday. The company has a quick ratio of 0.88, a current ratio of 0.89 and a debt-to-equity ratio of 0.92. Huntington Bancshares Incorporated has a twelve month low of $12.05 and a twelve month high of $18.45. The company has a fifty day moving average of $16.07 and a 200-day moving average of $16.13. The firm has a market capitalization of $21.60 billion, a P/E ratio of 12.02, a P/E/G ratio of 1.33 and a beta of 1.07.

Huntington Bancshares (NASDAQ:HBAN) last announced its quarterly earnings data on Friday, January 17th. The bank reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.03. Huntington Bancshares had a net margin of 16.23% and a return on equity of 11.23%. During the same quarter last year, the company earned $0.27 EPS. 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 Tuesday, April 1st. Shareholders of record on Tuesday, March 18th will be paid a $0.155 dividend. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.62 dividend on an annualized basis and a yield of 4.19%. Huntington Bancshares’s dividend payout ratio (DPR) is presently 50.41%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on HBAN. Morgan Stanley dropped their price target on Huntington Bancshares from $22.00 to $20.00 and set an “overweight” rating for the company in a research note on Thursday, March 13th. StockNews.com upgraded Huntington Bancshares from a “sell” rating to a “hold” rating in a research report on Thursday, December 12th. Barclays boosted their price target on Huntington Bancshares from $17.00 to $19.00 and gave the stock an “equal weight” rating in a report on Monday, January 6th. Royal Bank of Canada reiterated an “outperform” rating and issued a $20.00 price objective on shares of Huntington Bancshares in a report on Tuesday, January 21st. Finally, Truist Financial upped their price target on shares of Huntington Bancshares from $19.00 to $21.00 and gave the company a “buy” rating in a research report on Tuesday, January 21st. One analyst has rated the stock with a sell rating, four have issued a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $18.18.

Hedge Funds Weigh In On Huntington Bancshares

Institutional investors have recently modified their holdings of the company. Empowered Funds LLC raised its holdings in Huntington Bancshares by 8.7% during the third quarter. Empowered Funds LLC now owns 24,266 shares of the bank’s stock worth $357,000 after buying an additional 1,946 shares during the last quarter. Thrivent Financial for Lutherans increased its position in shares of Huntington Bancshares by 9.9% during the third quarter. Thrivent Financial for Lutherans now owns 127,518 shares of the bank’s stock worth $1,877,000 after acquiring an additional 11,452 shares in the last quarter. Quest Partners LLC raised its holdings in shares of Huntington Bancshares by 1,093,900.0% in the 3rd quarter. Quest Partners LLC now owns 21,880 shares of the bank’s stock worth $322,000 after acquiring an additional 21,878 shares during the last quarter. Pathstone Holdings LLC lifted its position in Huntington Bancshares by 5.9% in the 3rd quarter. Pathstone Holdings LLC now owns 172,716 shares of the bank’s stock valued at $2,542,000 after acquiring an additional 9,692 shares in the last quarter. Finally, Intech Investment Management LLC boosted its stake in Huntington Bancshares by 8.3% during the 3rd quarter. Intech Investment Management LLC now owns 34,985 shares of the bank’s stock valued at $514,000 after purchasing an additional 2,693 shares during the last quarter. 80.72% of the stock is owned by institutional investors and hedge funds.

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.