Huntington Bancshares (NASDAQ:HBAN) EVP Marcy Hingst Sells 6,416 Shares

Huntington Bancshares Incorporated (NASDAQ:HBAN) EVP Marcy Hingst sold 6,416 shares of the stock in a transaction that occurred on Friday, November 14th. The shares were sold at an average price of $15.65, for a total value of $100,410.40. Following the sale, the executive vice president directly owned 252,305 shares of the company’s stock, valued at $3,948,573.25. The trade was a 2.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Huntington Bancshares Stock Performance

HBAN stock traded down $0.43 during midday trading on Monday, hitting $15.30. The company’s stock had a trading volume of 30,165,443 shares, compared to its average volume of 27,133,059. The stock has a market cap of $22.33 billion, a price-to-earnings ratio of 10.70, a PEG ratio of 0.66 and a beta of 1.01. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 0.89. The stock’s 50-day moving average price is $16.46 and its 200 day moving average price is $16.42. Huntington Bancshares Incorporated has a 1 year low of $11.91 and a 1 year high of $18.44.

Huntington Bancshares (NASDAQ:HBAN) last released its earnings results on Wednesday, June 11th. The bank reported $0.28 EPS for the quarter. Huntington Bancshares had a return on equity of 12.14% and a net margin of 18.06%.The company had revenue of $469.00 million for the quarter. On average, equities analysts forecast that Huntington Bancshares Incorporated will post 1.39 EPS for the current year.

Huntington Bancshares Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 2nd. Stockholders of record on Thursday, December 18th will be paid a dividend of $0.155 per share. The ex-dividend date is Thursday, December 18th. This represents a $0.62 annualized dividend and a dividend yield of 4.1%. Huntington Bancshares’s dividend payout ratio (DPR) is presently 43.36%.

Hedge Funds Weigh In On Huntington Bancshares

A number of large investors have recently modified their holdings of the company. Family Legacy Financial Solutions LLC purchased a new stake in Huntington Bancshares in the 2nd quarter worth approximately $25,000. MTM Investment Management LLC bought a new position in shares of Huntington Bancshares in the second quarter worth $25,000. South Plains Financial Inc. raised its position in shares of Huntington Bancshares by 116.3% in the third quarter. South Plains Financial Inc. now owns 1,536 shares of the bank’s stock worth $27,000 after buying an additional 826 shares in the last quarter. Quarry LP boosted its stake in Huntington Bancshares by 73.0% during the first quarter. Quarry LP now owns 1,929 shares of the bank’s stock valued at $29,000 after buying an additional 814 shares during the period. Finally, Accredited Wealth Management LLC boosted its stake in Huntington Bancshares by 374.5% during the third quarter. Accredited Wealth Management LLC now owns 1,675 shares of the bank’s stock valued at $29,000 after buying an additional 1,322 shares during the period. 80.72% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms recently commented on HBAN. JPMorgan Chase & Co. upped their price objective on Huntington Bancshares from $18.00 to $18.50 and gave the company an “overweight” rating in a research note on Friday, October 10th. Truist Financial upped their price target on Huntington Bancshares from $19.00 to $20.00 and gave the company a “buy” rating in a research report on Friday, September 12th. Citigroup lifted their price objective on Huntington Bancshares from $20.00 to $21.00 and gave the stock a “buy” rating in a report on Friday, September 19th. Raymond James Financial reaffirmed a “strong-buy” rating and set a $20.00 price objective (down from $21.00) on shares of Huntington Bancshares in a report on Monday, October 20th. Finally, Stephens increased their target price on shares of Huntington Bancshares from $18.00 to $19.00 in a research report on Friday, October 17th. Three analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Huntington Bancshares has an average rating of “Moderate Buy” and an average target price of $19.66.

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.