Huntington Bancshares Incorporated (NASDAQ:HBAN) Insider Kendall A. Kowalski Sells 15,711 Shares of Stock

Huntington Bancshares Incorporated (NASDAQ:HBAN) insider Kendall A. Kowalski sold 15,711 shares of the firm’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $13.84, for a total transaction of $217,440.24. Following the transaction, the insider now directly owns 65,195 shares of the company’s stock, valued at $902,298.80. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Huntington Bancshares Trading Down 0.5 %

NASDAQ:HBAN opened at $13.85 on Wednesday. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.88 and a quick ratio of 0.88. The business has a fifty day moving average price of $13.48 and a 200-day moving average price of $12.46. The firm has a market capitalization of $20.07 billion, a price-to-earnings ratio of 12.48, a price-to-earnings-growth ratio of 2.55 and a beta of 1.09. Huntington Bancshares Incorporated has a one year low of $9.13 and a one year high of $14.07.

Huntington Bancshares (NASDAQ:HBAN) last issued its earnings results on Friday, April 19th. The bank reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.03. The firm had revenue of $2.85 billion during the quarter, compared to analyst estimates of $1.74 billion. Huntington Bancshares had a net margin of 15.86% and a return on equity of 11.99%. During the same quarter in the prior year, the business earned $0.38 earnings per share. Sell-side analysts forecast that Huntington Bancshares Incorporated will post 1.21 EPS for the current 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 paid a dividend of $0.155 per share. The ex-dividend date is Friday, June 14th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 4.48%. Huntington Bancshares’s dividend payout ratio is 55.86%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on HBAN. DA Davidson raised Huntington Bancshares from a “neutral” rating to a “buy” rating and raised their price target for the company from $14.00 to $15.50 in a report on Tuesday, February 27th. Stephens reiterated an “equal weight” rating and issued a $15.00 price target on shares of Huntington Bancshares in a research note on Monday, April 22nd. Jefferies Financial Group raised shares of Huntington Bancshares from a “hold” rating to a “buy” rating and increased their price objective for the company from $14.00 to $16.00 in a research note on Monday, April 8th. Keefe, Bruyette & Woods lifted their price target on Huntington Bancshares from $14.00 to $15.00 and gave the company a “market perform” rating in a research note on Friday, April 5th. Finally, Royal Bank of Canada upped their price objective on shares of Huntington Bancshares from $15.00 to $16.00 and gave the company an “outperform” rating in a research note on Tuesday, April 9th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $15.17.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. California Public Employees Retirement System lifted its stake in shares of Huntington Bancshares by 2.3% during the third quarter. California Public Employees Retirement System now owns 2,794,810 shares of the bank’s stock worth $29,066,000 after buying an additional 62,674 shares during the period. Comerica Bank purchased a new position in Huntington Bancshares in the 3rd quarter worth approximately $5,261,000. Vest Financial LLC grew its holdings in Huntington Bancshares by 16.5% in the 4th quarter. Vest Financial LLC now owns 1,000,872 shares of the bank’s stock valued at $12,731,000 after buying an additional 141,410 shares in the last quarter. Lindbrook Capital LLC increased its position in Huntington Bancshares by 43.4% during the fourth quarter. Lindbrook Capital LLC now owns 4,530 shares of the bank’s stock worth $58,000 after purchasing an additional 1,371 shares during the last quarter. Finally, Bank of Nova Scotia lifted its holdings in Huntington Bancshares by 199.6% in the third quarter. Bank of Nova Scotia now owns 374,289 shares of the bank’s stock valued at $3,893,000 after acquiring an additional 249,356 shares during the last quarter. 80.72% of the stock is currently owned by institutional investors.

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.