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

Huntington Bancshares Incorporated (NASDAQ:HBAN) insider Helga Houston sold 6,455 shares of the stock in a transaction that occurred on Wednesday, October 23rd. The shares were sold at an average price of $15.43, for a total transaction of $99,600.65. Following the sale, 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

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

Huntington Bancshares Stock Performance

NASDAQ HBAN opened at $15.38 on Friday. 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’s 50 day simple moving average is $14.75 and its 200-day simple moving average is $13.99. The company has a market cap of $22.29 billion, a PE ratio of 13.86, a price-to-earnings-growth ratio of 2.77 and a beta of 1.04. Huntington Bancshares Incorporated has a 1-year low of $9.35 and a 1-year high of $16.03.

Huntington Bancshares (NASDAQ:HBAN) last announced its quarterly earnings data 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 analyst estimates of $1.86 billion. During the same quarter last year, the firm posted $0.36 EPS. As a group, equities research analysts anticipate that Huntington Bancshares Incorporated will post 1.18 EPS for the current fiscal year.

Huntington Bancshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Wednesday, December 18th will be issued a $0.155 dividend. The ex-dividend date is Wednesday, December 18th. This represents a $0.62 dividend on an annualized basis and a yield of 4.03%. Huntington Bancshares’s payout ratio is 55.86%.

Analysts Set New Price Targets

HBAN has been the topic of a number of recent research reports. Bank of America upped their target price on Huntington Bancshares from $15.00 to $17.00 and gave the stock a “buy” rating in a research note on Monday, July 22nd. Sandler O’Neill reaffirmed a “buy” rating on shares of Huntington Bancshares in a research note on Friday, October 18th. Jefferies Financial Group cut their target price on shares of Huntington Bancshares from $16.00 to $15.00 and set a “buy” rating for the company in a report on Wednesday, July 3rd. Morgan Stanley increased their price target on shares of Huntington Bancshares from $16.00 to $18.00 and gave the stock an “overweight” rating in a report on Monday, August 5th. Finally, Piper Sandler upped their price objective on shares of Huntington Bancshares from $14.00 to $15.00 and gave the stock an “underweight” rating in a research report on Friday, October 18th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $16.03.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of HBAN. Wellington Management Group LLP boosted its stake in Huntington Bancshares by 64.2% during the fourth quarter. Wellington Management Group LLP now owns 304,829 shares of the bank’s stock worth $3,877,000 after buying an additional 119,178 shares during the last quarter. Park Avenue Securities LLC boosted its position in shares of Huntington Bancshares by 1.3% during the 1st quarter. Park Avenue Securities LLC now owns 63,098 shares of the bank’s stock valued at $880,000 after acquiring an additional 794 shares during the last quarter. Ballentine Partners LLC boosted its position in shares of Huntington Bancshares by 16.0% during the 1st quarter. Ballentine Partners LLC now owns 17,940 shares of the bank’s stock valued at $250,000 after acquiring an additional 2,475 shares during the last quarter. Brookstone Capital Management acquired a new stake in Huntington Bancshares during the first quarter worth about $9,712,000. Finally, Future Financial Wealth Managment LLC acquired a new stake in Huntington Bancshares during the first quarter worth about $29,000. 80.72% of the stock is owned by hedge funds and other institutional investors.

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.