James Rollins III Purchases 4,798 Shares of Huntington Bancshares (NASDAQ:HBAN) Stock

Huntington Bancshares Incorporated (NASDAQ:HBAN) Director James Rollins III purchased 4,798 shares of the business’s stock in a transaction dated Thursday, June 4th. The shares were purchased at an average price of $20.30 per share, with a total value of $97,399.40. Following the purchase, the director directly owned 10,000 shares in the company, valued at $203,000. This trade represents a 92.23% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Huntington Bancshares Stock Performance

Shares of HBAN stock traded up $0.60 on Thursday, hitting $16.53. 18,915,141 shares of the stock were exchanged, compared to its average volume of 29,181,393. The company has a current ratio of 0.93, a quick ratio of 0.92 and a debt-to-equity ratio of 0.73. The firm has a market capitalization of $33.51 billion, a PE ratio of 12.72, a P/E/G ratio of 0.74 and a beta of 0.94. Huntington Bancshares Incorporated has a one year low of $14.89 and a one year high of $19.45. The firm’s 50 day moving average is $16.10 and its two-hundred day moving average is $16.78.

Huntington Bancshares (NASDAQ:HBAN) last posted its quarterly earnings results on Thursday, April 23rd. The bank reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.21. The company had revenue of $2.59 billion during the quarter, compared to the consensus estimate of $2.57 billion. Huntington Bancshares had a return on equity of 11.42% and a net margin of 16.63%.During the same quarter in the prior year, the company earned $0.34 EPS. Sell-side analysts expect that Huntington Bancshares Incorporated will post 1.61 earnings per share for the current fiscal year.

Huntington Bancshares Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Wednesday, June 17th will be issued a dividend of $0.155 per share. The ex-dividend date of this dividend is Wednesday, June 17th. This represents a $0.62 dividend on an annualized basis and a yield of 3.8%. Huntington Bancshares’s dividend payout ratio is 47.69%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. National Bank Financial set a $21.00 price objective on Huntington Bancshares in a report on Wednesday, February 4th. Morgan Stanley dropped their price objective on Huntington Bancshares from $21.00 to $20.00 and set an “overweight” rating on the stock in a report on Friday, April 24th. Jefferies Financial Group increased their price objective on Huntington Bancshares from $19.00 to $20.00 and gave the stock a “buy” rating in a report on Friday, April 24th. DA Davidson dropped their price objective on Huntington Bancshares from $21.00 to $20.00 and set a “buy” rating on the stock in a report on Monday, March 16th. Finally, Wall Street Zen raised Huntington Bancshares from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. One research analyst has 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. According to data from MarketBeat.com, Huntington Bancshares currently has an average rating of “Moderate Buy” and an average target price of $20.05.

Institutional Trading of Huntington Bancshares

Institutional investors and hedge funds have recently modified their holdings of the business. Altrius Capital Management Inc purchased a new stake in shares of Huntington Bancshares in the 3rd quarter valued at about $4,894,000. Midwest Trust Co raised its holdings in shares of Huntington Bancshares by 12.7% in the 3rd quarter. Midwest Trust Co now owns 1,510,977 shares of the bank’s stock valued at $26,095,000 after acquiring an additional 170,240 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Huntington Bancshares by 0.4% in the 3rd quarter. Vanguard Group Inc. now owns 176,980,819 shares of the bank’s stock valued at $3,056,459,000 after acquiring an additional 680,601 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Huntington Bancshares by 3.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 9,238,142 shares of the bank’s stock valued at $159,543,000 after acquiring an additional 314,544 shares in the last quarter. Finally, Fieldview Capital Management LLC increased its position in shares of Huntington Bancshares by 15.9% during the 3rd quarter. Fieldview Capital Management LLC now owns 478,852 shares of the bank’s stock valued at $8,270,000 after purchasing an additional 65,828 shares during the last quarter. Hedge funds and other institutional investors own 80.72% of the company’s stock.

About Huntington Bancshares

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.