John Inglis Purchases 6,506 Shares of Huntington Bancshares (NASDAQ:HBAN) Stock

Huntington Bancshares Incorporated (NASDAQ:HBAN) Director John Inglis bought 6,506 shares of the stock in a transaction dated Tuesday, November 4th. The shares were bought at an average cost of $15.30 per share, with a total value of $99,541.80. Following the completion of the purchase, the director directly owned 89,831 shares of the company’s stock, valued at approximately $1,374,414.30. This trade represents a 7.81% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Huntington Bancshares Stock Up 0.1%

Shares of HBAN stock traded up $0.02 on Wednesday, hitting $15.29. The stock had a trading volume of 26,428,369 shares, compared to its average volume of 27,191,986. 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 business has a 50 day moving average price of $16.80 and a 200 day moving average price of $16.35. The company has a market cap of $22.31 billion, a PE ratio of 10.69, a P/E/G ratio of 0.66 and a beta of 0.96. Huntington Bancshares Incorporated has a one year low of $11.91 and a one year high of $18.44.

Huntington Bancshares (NASDAQ:HBAN) last released its quarterly earnings data on Wednesday, June 11th. The bank reported $0.28 earnings per share for the quarter. Huntington Bancshares had a return on equity of 12.14% and a net margin of 18.06%.The firm had revenue of $469.00 million during the quarter. Research analysts anticipate that Huntington Bancshares Incorporated will post 1.39 earnings per share for the current fiscal year.

Huntington Bancshares Announces Dividend

The firm also recently disclosed 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 dividend on an annualized basis and a dividend yield of 4.1%. Huntington Bancshares’s dividend payout ratio (DPR) is currently 43.36%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Family Legacy Financial Solutions LLC purchased a new position in shares of Huntington Bancshares in the second quarter worth $25,000. MTM Investment Management LLC purchased a new position in shares of Huntington Bancshares in the second quarter worth $25,000. Quarry LP increased its holdings in Huntington Bancshares by 73.0% in the 1st quarter. Quarry LP now owns 1,929 shares of the bank’s stock worth $29,000 after buying an additional 814 shares during the period. Catalyst Capital Advisors LLC acquired a new position in Huntington Bancshares in the 2nd quarter worth approximately $30,000. Finally, Grey Fox Wealth Advisors LLC acquired a new position in Huntington Bancshares in the 3rd quarter worth approximately $31,000. Hedge funds and other institutional investors own 80.72% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on HBAN. Weiss Ratings reiterated a “buy (b-)” rating on shares of Huntington Bancshares in a research note on Wednesday, October 8th. JPMorgan Chase & Co. boosted their target price on shares of Huntington Bancshares from $18.00 to $18.50 and gave the stock an “overweight” rating in a report on Friday, October 10th. Truist Financial boosted their target price on shares of Huntington Bancshares from $19.00 to $20.00 and gave the stock a “buy” rating in a report on Friday, September 12th. Cowen reiterated a “buy” rating on shares of Huntington Bancshares in a report on Monday, October 20th. Finally, Evercore ISI started coverage on shares of Huntington Bancshares in a report on Tuesday, October 21st. They issued an “outperform” rating and a $18.00 target price for the company. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $19.66.

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.