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

Huntington Bancshares Incorporated (NASDAQ:HBAN) EVP Marcy Hingst sold 6,416 shares of the business’s stock in a transaction on Friday, November 14th. The shares were sold at an average price of $15.65, for a total transaction of $100,410.40. Following the sale, the executive vice president directly owned 252,305 shares of the company’s stock, valued at approximately $3,948,573.25. The trade was a 2.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Huntington Bancshares Price Performance

Shares of Huntington Bancshares stock opened at $15.35 on Wednesday. The stock has a market cap of $22.40 billion, a P/E ratio of 10.73, a P/E/G ratio of 0.66 and a beta of 1.01. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.91 and a current ratio of 0.92. The stock’s fifty day moving average is $16.37 and its 200 day moving average is $16.43. Huntington Bancshares Incorporated has a one year low of $11.91 and a one year high of $18.44.

Huntington Bancshares (NASDAQ:HBAN) last issued its quarterly 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 business had revenue of $469.00 million during the quarter. Sell-side analysts anticipate that Huntington Bancshares Incorporated will post 1.39 earnings per share for the current year.

Huntington Bancshares Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 2nd. Shareholders 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 yield of 4.0%. Huntington Bancshares’s dividend payout ratio (DPR) is presently 43.36%.

Hedge Funds Weigh In On Huntington Bancshares

Institutional investors have recently added to or reduced their stakes in the company. Accurate Wealth Management LLC grew its stake in Huntington Bancshares by 3.5% during the 2nd quarter. Accurate Wealth Management LLC now owns 18,159 shares of the bank’s stock worth $319,000 after purchasing an additional 611 shares in the last quarter. LifeWealth Investments LLC raised its position in Huntington Bancshares by 2.3% in the 2nd quarter. LifeWealth Investments LLC now owns 28,501 shares of the bank’s stock valued at $478,000 after purchasing an additional 632 shares in the last quarter. Parcion Private Wealth LLC boosted its stake in shares of Huntington Bancshares by 6.2% in the 3rd quarter. Parcion Private Wealth LLC now owns 11,081 shares of the bank’s stock valued at $191,000 after buying an additional 648 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd grew its position in shares of Huntington Bancshares by 0.4% during the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 164,551 shares of the bank’s stock worth $2,758,000 after buying an additional 668 shares in the last quarter. Finally, Strategic Planning Inc. grew its position in shares of Huntington Bancshares by 0.3% during the third quarter. Strategic Planning Inc. now owns 199,318 shares of the bank’s stock worth $3,442,000 after buying an additional 670 shares in the last quarter. Hedge funds and other institutional investors own 80.72% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Morgan Stanley increased their price objective on shares of Huntington Bancshares from $19.00 to $23.00 and gave the stock an “overweight” rating in a research note on Monday, September 29th. DA Davidson reiterated a “buy” rating and issued a $21.00 price target on shares of Huntington Bancshares in a research note on Tuesday, October 28th. Evercore ISI started coverage on Huntington Bancshares in a report on Tuesday, October 21st. They set an “outperform” rating and a $18.00 price target on the stock. Citigroup upped their price objective on Huntington Bancshares from $20.00 to $21.00 and gave the stock a “buy” rating in a research note on Friday, September 19th. Finally, TD Cowen increased their target price on Huntington Bancshares from $22.00 to $23.00 and gave the stock a “buy” rating in a research report on Tuesday, October 28th. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Huntington Bancshares presently has a consensus 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.