Huntington Bancshares Incorporated (NASDAQ:HBAN) VP Rajeev Syal Sells 27,265 Shares

Huntington Bancshares Incorporated (NASDAQ:HBAN) VP Rajeev Syal sold 27,265 shares of the stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $13.51, for a total transaction of $368,350.15. Following the transaction, the vice president now owns 397,173 shares in the company, valued at $5,365,807.23. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Huntington Bancshares Stock Up 1.3 %

Shares of Huntington Bancshares stock opened at $13.65 on Thursday. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.88. The company’s fifty day simple moving average is $13.39 and its two-hundred day simple moving average is $12.33. The company has a market cap of $19.77 billion, a P/E ratio of 12.30, a PEG ratio of 2.49 and a beta of 1.09. Huntington Bancshares Incorporated has a 12-month low of $9.13 and a 12-month high of $14.07.

Huntington Bancshares (NASDAQ:HBAN) last issued its quarterly earnings data 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. Huntington Bancshares had a net margin of 15.86% and a return on equity of 11.99%. The business had revenue of $2.85 billion for the quarter, compared to the consensus estimate of $1.74 billion. During the same period in the previous year, the firm earned $0.38 EPS. Research analysts anticipate that Huntington Bancshares Incorporated will post 1.21 EPS for the current year.

Huntington Bancshares Announces Dividend

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 dividend of $0.155 per share. This represents a $0.62 dividend on an annualized basis and a dividend yield of 4.54%. The ex-dividend date of this dividend is Friday, June 14th. Huntington Bancshares’s dividend payout ratio (DPR) is presently 55.86%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on HBAN. Royal Bank of Canada increased their price target on shares of Huntington Bancshares from $15.00 to $16.00 and gave the company an “outperform” rating in a research report on Tuesday, April 9th. DA Davidson upgraded shares of Huntington Bancshares from a “neutral” rating to a “buy” rating and increased their price target for the company from $14.00 to $15.50 in a research report on Tuesday, February 27th. Morgan Stanley reiterated an “overweight” rating and set a $16.00 price target on shares of Huntington Bancshares in a research report on Monday, April 22nd. Bank of America upgraded shares of 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 report on Monday, April 8th. Finally, Keefe, Bruyette & Woods increased their price target on shares of Huntington Bancshares from $14.00 to $15.00 and gave the company a “market perform” rating in a research report on Friday, April 5th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $15.17.

Institutional Trading of Huntington Bancshares

A number of hedge funds have recently modified their holdings of HBAN. Wetzel Investment Advisors Inc. bought a new stake in shares of Huntington Bancshares during the 4th quarter valued at $29,000. Future Financial Wealth Managment LLC bought a new position in Huntington Bancshares in the 1st quarter worth about $29,000. Nemes Rush Group LLC boosted its stake in Huntington Bancshares by 140.9% in the 4th quarter. Nemes Rush Group LLC now owns 2,378 shares of the bank’s stock worth $30,000 after purchasing an additional 1,391 shares in the last quarter. YHB Investment Advisors Inc. bought a new position in Huntington Bancshares in the 1st quarter worth about $30,000. Finally, Planned Solutions Inc. bought a new position in Huntington Bancshares in the 4th quarter worth about $33,000. Institutional investors own 80.72% of the company’s stock.

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.