Huntington Bancshares (NASDAQ:HBAN) Insider Helga Houston Sells 64,587 Shares

Huntington Bancshares Incorporated (NASDAQ:HBAN) insider Helga Houston sold 64,587 shares of the company’s stock in a transaction on Friday, November 21st. The stock was sold at an average price of $15.38, for a total transaction of $993,348.06. Following the sale, the insider directly owned 534,640 shares of the company’s stock, valued at approximately $8,222,763.20. This represents a 10.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Huntington Bancshares Stock Performance

Shares of HBAN opened at $15.91 on Tuesday. The company has a market capitalization of $23.22 billion, a PE ratio of 11.13, a price-to-earnings-growth ratio of 0.66 and a beta of 1.01. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.92 and a quick ratio of 0.91. Huntington Bancshares Incorporated has a one year low of $11.91 and a one year high of $18.44. The company’s fifty day moving average price is $16.20 and its 200 day moving average price is $16.45.

Huntington Bancshares (NASDAQ:HBAN) last issued its quarterly earnings results on Wednesday, June 11th. The bank reported $0.28 earnings per share (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. As a group, analysts expect that Huntington Bancshares Incorporated will post 1.39 earnings per share for the current year.

Huntington Bancshares Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 2nd. Shareholders of record on Thursday, December 18th will be given a $0.155 dividend. This represents a $0.62 annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend is Thursday, December 18th. Huntington Bancshares’s payout ratio is currently 43.36%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in HBAN. Vanguard Personalized Indexing Management LLC lifted its holdings in Huntington Bancshares by 26.4% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 167,515 shares of the bank’s stock valued at $2,808,000 after purchasing an additional 35,014 shares during the last quarter. FineMark National Bank & Trust increased its holdings in shares of Huntington Bancshares by 59.2% during the second quarter. FineMark National Bank & Trust now owns 175,144 shares of the bank’s stock worth $2,935,000 after buying an additional 65,144 shares in the last quarter. Commerzbank Aktiengesellschaft FI boosted its holdings in shares of Huntington Bancshares by 43.4% in the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 94,979 shares of the bank’s stock worth $1,592,000 after acquiring an additional 28,739 shares in the last quarter. Shoker Investment Counsel Inc. grew its position in Huntington Bancshares by 1,706.3% during the 2nd quarter. Shoker Investment Counsel Inc. now owns 200,566 shares of the bank’s stock worth $3,361,000 after acquiring an additional 189,462 shares during the last quarter. Finally, Shell Asset Management Co. increased its holdings in Huntington Bancshares by 58.7% during the 2nd quarter. Shell Asset Management Co. now owns 200,595 shares of the bank’s stock valued at $3,362,000 after purchasing an additional 74,220 shares in the last quarter. Institutional investors and hedge funds own 80.72% of the company’s stock.

Analysts Set New Price Targets

HBAN has been the topic of several research analyst reports. Morgan Stanley raised 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. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Huntington Bancshares from $20.00 to $21.00 and gave the stock a “buy” rating in a report on Tuesday, September 30th. Evercore ISI began coverage on shares of Huntington Bancshares in a research report on Tuesday, October 21st. They set an “outperform” rating and a $18.00 price objective for the company. DA Davidson reissued a “buy” rating and set a $21.00 target price on shares of Huntington Bancshares in a research report on Tuesday, October 28th. Finally, Keefe, Bruyette & Woods upped their price target on Huntington Bancshares from $19.00 to $20.00 and gave the company a “market perform” rating in a report on Monday, October 20th. Three research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average 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.