Insider Selling: Huntington Bancshares Incorporated (NASDAQ:HBAN) VP Sells 11,627 Shares of Stock

Huntington Bancshares Incorporated (NASDAQ:HBAN) VP Rajeev Syal sold 11,627 shares of the stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $13.67, for a total transaction of $158,941.09. Following the transaction, the vice president now directly owns 329,607 shares in the company, valued at approximately $4,505,727.69. The transaction was disclosed in a filing with the SEC, which is available through this link.

Rajeev Syal also recently made the following trade(s):

• On Monday, April 29th, Rajeev Syal sold 27,265 shares of Huntington Bancshares stock. The shares were sold at an average price of $13.51, for a total value of $368,350.15.

Huntington Bancshares Stock Up 1.0 %

HBAN opened at $13.80 on Monday. Huntington Bancshares Incorporated has a twelve month low of $9.13 and a twelve month high of $14.07. The company’s 50-day moving average price is $13.44 and its two-hundred day moving average price is $12.39. The stock has a market cap of $20.00 billion, a price-to-earnings ratio of 12.43, a PEG ratio of 2.55 and a beta of 1.09. 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 quarterly earnings data on Friday, April 19th. The bank reported $0.28 EPS for the quarter, beating the consensus estimate of $0.25 by $0.03. The business had revenue of $2.85 billion for the quarter, compared to the consensus estimate of $1.74 billion. Huntington Bancshares had a net margin of 15.86% and a return on equity of 11.99%. During the same period in the prior year, the firm earned $0.38 earnings per share. As a group, equities analysts expect that Huntington Bancshares Incorporated will post 1.21 earnings per share for the current year.

Huntington Bancshares Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Monday, June 17th will be given a $0.155 dividend. This represents a $0.62 annualized dividend and a dividend yield of 4.49%. The ex-dividend date is Friday, June 14th. Huntington Bancshares’s dividend payout ratio (DPR) is presently 55.86%.

Analyst Ratings Changes

HBAN has been the subject of a number of recent research reports. UBS Group upgraded shares of Huntington Bancshares from a “neutral” rating to a “buy” rating and boosted their price target for the company from $14.00 to $15.00 in a research note on Wednesday, February 14th. Stephens restated an “equal weight” rating and issued a $15.00 target price on shares of Huntington Bancshares in a report on Monday, April 22nd. Bank of America upgraded Huntington Bancshares from a “neutral” rating to a “buy” rating and lifted their price target for the company from $14.00 to $16.00 in a research note on Monday, April 8th. Morgan Stanley reissued an “overweight” rating and set a $16.00 price objective on shares of Huntington Bancshares in a report on Monday, April 22nd. Finally, DA Davidson raised Huntington Bancshares from a “neutral” rating to a “buy” rating and lifted their target price for the company from $14.00 to $15.50 in a research report on Tuesday, February 27th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $15.17.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Future Financial Wealth Managment LLC purchased a new stake in Huntington Bancshares in the 1st quarter worth approximately $29,000. YHB Investment Advisors Inc. bought a new position in shares of Huntington Bancshares in the first quarter worth $30,000. Wetzel Investment Advisors Inc. purchased a new stake in shares of Huntington Bancshares in the fourth quarter worth $29,000. Nemes Rush Group LLC boosted its stake in Huntington Bancshares by 140.9% during the fourth quarter. Nemes Rush Group LLC now owns 2,378 shares of the bank’s stock valued at $30,000 after buying an additional 1,391 shares during the period. Finally, Planned Solutions Inc. purchased a new position in Huntington Bancshares during the fourth quarter worth about $33,000. Institutional investors own 80.72% of the company’s stock.

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.