Huntington Bancshares Incorporated (NASDAQ:HBAN – Get Free Report) EVP Marcy Hingst sold 10,568 shares of the company’s stock in a transaction that occurred on Thursday, June 25th. The stock was sold at an average price of $18.00, for a total value of $190,224.00. Following the transaction, the executive vice president directly owned 267,859 shares in the company, valued at approximately $4,821,462. This trade represents a 3.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Huntington Bancshares Stock Down 0.6%
NASDAQ:HBAN traded down $0.11 on Friday, hitting $17.79. The stock had a trading volume of 23,211,624 shares, compared to its average volume of 28,552,848. The company has a quick ratio of 0.92, a current ratio of 0.93 and a debt-to-equity ratio of 0.73. Huntington Bancshares Incorporated has a 52 week low of $14.89 and a 52 week high of $19.45. The business’s fifty day moving average is $16.48 and its 200 day moving average is $16.88. The company has a market cap of $36.06 billion, a PE ratio of 13.68, a P/E/G ratio of 0.80 and a beta of 0.94.
Huntington Bancshares (NASDAQ:HBAN – Get Free Report) last released its quarterly earnings data on Thursday, April 23rd. The bank reported $0.37 EPS for the quarter, beating the consensus estimate of $0.16 by $0.21. Huntington Bancshares had a return on equity of 11.42% and a net margin of 16.63%.The firm had revenue of $2.59 billion during the quarter, compared to the consensus estimate of $2.57 billion. During the same quarter in the previous year, the company posted $0.34 earnings per share. On average, equities research analysts expect that Huntington Bancshares Incorporated will post 1.61 EPS for the current fiscal year.
Huntington Bancshares Dividend Announcement
Hedge Funds Weigh In On Huntington Bancshares
Hedge funds have recently bought and sold shares of the company. Basecamp Wealth Advisors LLC boosted its holdings in Huntington Bancshares by 57.8% during the first quarter. Basecamp Wealth Advisors LLC now owns 5,333 shares of the bank’s stock worth $83,000 after purchasing an additional 1,953 shares during the last quarter. Ballast Advisors LLC purchased a new stake in Huntington Bancshares in the 1st quarter valued at about $71,000. Curry Webb Wealth Management LLC purchased a new stake in Huntington Bancshares in the 1st quarter valued at about $3,204,000. Carlson Capital L.P. lifted its position in shares of Huntington Bancshares by 153.3% during the 1st quarter. Carlson Capital L.P. now owns 284,482 shares of the bank’s stock worth $4,452,000 after buying an additional 172,182 shares in the last quarter. Finally, Glenmede Trust Co. NA boosted its stake in shares of Huntington Bancshares by 3.9% in the 1st quarter. Glenmede Trust Co. NA now owns 80,114 shares of the bank’s stock worth $1,254,000 after buying an additional 2,986 shares during the last quarter. 80.72% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of research analysts have weighed in on HBAN shares. Stephens began coverage on shares of Huntington Bancshares in a research note on Monday, June 15th. They issued an “equal weight” rating and a $19.00 price objective on the stock. Jefferies Financial Group boosted their target price on shares of Huntington Bancshares from $19.00 to $20.00 and gave the stock a “buy” rating in a research report on Friday, April 24th. Truist Financial lowered their target price on shares of Huntington Bancshares from $21.00 to $19.00 and set a “buy” rating on the stock in a report on Friday, March 13th. Barclays cut shares of Huntington Bancshares from a “hold” rating to a “strong sell” rating in a research report on Monday, April 20th. Finally, The Goldman Sachs Group decreased their price objective on Huntington Bancshares from $21.00 to $20.00 and set a “buy” rating for the company in a report on Monday, April 6th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $20.05.
Check Out Our Latest Stock Analysis on Huntington Bancshares
About Huntington Bancshares
Huntington Bancshares Incorporated (NASDAQ: HBAN) is a bank holding company headquartered in Columbus, Ohio, that provides a broad range of banking and financial services through its principal subsidiary, Huntington National Bank. The company’s operations are centered on retail and commercial banking, and it serves individual consumers, small and middle-market businesses, and institutional customers.
Huntington’s product offerings include traditional deposit and lending products, consumer and commercial loans, mortgage origination and servicing, auto financing, and business banking solutions.
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