Huntington Bancshares Incorporated (NASDAQ:HBAN – Get Free Report) SVP Donnell White sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 3rd. The stock was sold at an average price of $15.87, for a total transaction of $47,610.00. Following the completion of the transaction, the senior vice president owned 23,697 shares of the company’s stock, valued at approximately $376,071.39. The trade was a 11.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Huntington Bancshares Stock Performance
Shares of NASDAQ HBAN opened at $16.06 on Thursday. The stock has a market cap of $32.45 billion, a PE ratio of 13.27, a price-to-earnings-growth ratio of 1.02 and a beta of 0.97. Huntington Bancshares Incorporated has a 1 year low of $14.82 and a 1 year high of $19.45. The firm has a fifty day moving average price of $15.90 and a 200-day moving average price of $16.68. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.91 and a quick ratio of 0.91.
Huntington Bancshares (NASDAQ:HBAN – Get Free Report) last released its earnings results on Thursday, October 22nd. The bank reported $0.38 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.38. The company had revenue of $2.79 billion for the quarter, compared to analysts’ expectations of $2.82 billion. Huntington Bancshares had a net margin of 16.28% and a return on equity of 10.93%. During the same quarter in the previous year, the company earned $0.41 EPS. Equities analysts anticipate that Huntington Bancshares Incorporated will post 1.54 earnings per share for the current fiscal year.
Huntington Bancshares Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, January 4th. Shareholders of record on Friday, December 18th will be issued a dividend of $0.1550 per share. The ex-dividend date of this dividend is Friday, December 18th. This represents a $0.62 dividend on an annualized basis and a yield of 3.9%. Huntington Bancshares’s dividend payout ratio (DPR) is currently 51.24%.
Institutional Investors Weigh In On Huntington Bancshares
Several large investors have recently bought and sold shares of HBAN. Corient Private Wealth LP purchased a new stake in Huntington Bancshares in the 2nd quarter valued at about $21,187,000. Equitable Holdings Inc. purchased a new position in shares of Huntington Bancshares during the second quarter worth approximately $1,093,000. Bank of America Corp DE purchased a new position in shares of Huntington Bancshares during the second quarter worth approximately $256,772,000. Community Trust & Investment Co. purchased a new position in shares of Huntington Bancshares during the third quarter worth approximately $3,131,000. Finally, OMERS ADMINISTRATION Corp bought a new stake in shares of Huntington Bancshares during the second quarter valued at approximately $16,579,000. Institutional investors own 80.72% of the company’s stock.
Analyst Upgrades and Downgrades
HBAN has been the subject of a number of recent analyst reports. Evercore dropped their price objective on Huntington Bancshares from $20.00 to $18.00 and set an “outperform” rating for the company in a research note on Friday, September 18th. Truist Financial decreased their target price on Huntington Bancshares from $19.00 to $18.00 and set a “buy” rating on the stock in a research note on Wednesday, October 28th. JPMorgan Chase & Co. lifted their target price on Huntington Bancshares from $17.50 to $18.00 and gave the company an “overweight” rating in a research note on Friday, October 30th. Royal Bank Of Canada reissued an “outperform” rating and issued a $21.00 price target on shares of Huntington Bancshares in a report on Tuesday, August 18th. Finally, DA Davidson dropped their price target on Huntington Bancshares from $22.00 to $20.00 and set a “buy” rating for the company in a research note on Monday, September 21st. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $18.98.
Huntington Bancshares Company Profile
Huntington Bancshares Incorporated is a regional bank holding company headquartered in Columbus, Ohio. Its principal subsidiary, The Huntington National Bank, provides banking and financial services to consumers, businesses, institutions and government entities.
The company’s offerings include checking and savings accounts, consumer and residential lending, credit cards, auto finance, mortgages, commercial loans, treasury management, investment and wealth management services, insurance, and other financial solutions.
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