Huntington Bancshares Incorporated (NASDAQ:HBAN) CFO Zachary Jacob Wasserman Sells 30,000 Shares of Stock

Huntington Bancshares Incorporated (NASDAQ:HBAN) CFO Zachary Jacob Wasserman sold 30,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $13.66, for a total value of $409,800.00. Following the completion of the sale, the chief financial officer now owns 305,884 shares in the company, valued at $4,178,375.44. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Huntington Bancshares Price Performance

HBAN opened at $13.58 on Friday. The stock has a fifty day moving average of $13.35 and a 200-day moving average of $12.23. The firm has a market capitalization of $19.66 billion, a P/E ratio of 12.23, a PEG ratio of 2.53 and a beta of 1.11. Huntington Bancshares Incorporated has a 12-month low of $9.13 and a 12-month high of $14.07. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.88.

Huntington Bancshares (NASDAQ:HBAN) last released its earnings results on Friday, April 19th. The bank reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.03. The company had revenue of $2.85 billion during the quarter, compared to analyst estimates of $1.74 billion. Huntington Bancshares had a return on equity of 11.99% and a net margin of 15.86%. During the same quarter in the prior year, the company earned $0.38 earnings per share. Equities analysts forecast that Huntington Bancshares Incorporated will post 1.22 EPS for the current fiscal year.

Huntington Bancshares Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Monday, June 17th will be issued a $0.155 dividend. The ex-dividend date is Friday, June 14th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 4.57%. Huntington Bancshares’s payout ratio is currently 55.86%.

Institutional Trading of Huntington Bancshares

A number of hedge funds have recently modified their holdings of the business. Future Financial Wealth Managment LLC purchased a new stake in shares of Huntington Bancshares during the first quarter worth $29,000. Wetzel Investment Advisors Inc. purchased a new stake in shares of Huntington Bancshares during the fourth quarter worth $29,000. Nemes Rush Group LLC raised its holdings in shares of Huntington Bancshares by 140.9% during the fourth quarter. Nemes Rush Group LLC now owns 2,378 shares of the bank’s stock worth $30,000 after acquiring an additional 1,391 shares in the last quarter. Planned Solutions Inc. purchased a new stake in shares of Huntington Bancshares during the fourth quarter worth $33,000. Finally, Register Financial Advisors LLC purchased a new stake in shares of Huntington Bancshares during the first quarter worth $40,000. Hedge funds and other institutional investors own 80.72% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on HBAN shares. Jefferies Financial Group upgraded Huntington Bancshares from a “hold” rating to a “buy” rating and raised their target price for the company from $14.00 to $16.00 in a research report on Monday, April 8th. Barclays raised Huntington Bancshares from an “underweight” rating to an “equal weight” rating and increased their price target for the company from $12.00 to $15.00 in a research note on Tuesday, January 2nd. JPMorgan Chase & Co. increased their price target on Huntington Bancshares from $15.00 to $16.00 and gave the company a “neutral” rating in a research note on Thursday, April 4th. Bank of America raised Huntington Bancshares from a “neutral” rating to a “buy” rating and increased their price target for the company from $14.00 to $16.00 in a research note on Monday, April 8th. Finally, Stephens reaffirmed an “equal weight” rating and set a $15.00 price target on shares of Huntington Bancshares in a research note on Monday. One analyst has rated the stock with a sell rating, six have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Huntington Bancshares currently has a consensus rating of “Moderate Buy” and a consensus target price of $15.17.

Huntington Bancshares Company Profile

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.