Huntington Bancshares Incorporated (NASDAQ:HBAN) VP Sells $368,350.15 in Stock

Huntington Bancshares Incorporated (NASDAQ:HBAN - Get Free Report) VP Rajeev Syal sold 27,265 shares of the stock in a transaction on Monday, April 29th. The shares were sold at an average price of $13.51, for a total transaction of $368,350.15. Following the completion of the transaction, the vice president now owns 397,173 shares of the company's stock, valued at approximately $5,365,807.23. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Huntington Bancshares Trading Up 1.3 %

HBAN traded up $0.18 during midday trading on Wednesday, reaching $13.65. 17,794,764 shares of the company were exchanged, compared to its average volume of 17,601,924. The stock has a market capitalization of $19.77 billion, a P/E ratio of 12.25, a PEG ratio of 2.51 and a beta of 1.11. The stock's 50-day simple moving average is $13.39 and its 200 day simple moving average is $12.33. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.88 and a current ratio of 0.88. Huntington Bancshares Incorporated has a one year low of $9.13 and a one year high of $14.07.

Huntington Bancshares (NASDAQ:HBAN - Get Free Report) last issued its quarterly earnings data on Friday, April 19th. The bank reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.03. The business had revenue of $2.85 billion during the quarter, compared to analyst estimates of $1.74 billion. Huntington Bancshares had a return on equity of 11.99% and a net margin of 15.86%. During the same period in the previous year, the firm earned $0.38 EPS. As a group, analysts forecast that Huntington Bancshares Incorporated will post 1.21 earnings per share for the current fiscal year.

Huntington Bancshares Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Monday, June 17th will be issued a dividend of $0.155 per share. This represents a $0.62 dividend on an annualized basis and a yield of 4.54%. The ex-dividend date of this dividend is Friday, June 14th. Huntington Bancshares's dividend payout ratio (DPR) is presently 55.86%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on HBAN shares. UBS Group upgraded shares of Huntington Bancshares from a "neutral" rating to a "buy" rating and boosted their target price for the company from $14.00 to $15.00 in a research note on Wednesday, February 14th. Keefe, Bruyette & Woods raised their target price on Huntington Bancshares from $14.00 to $15.00 and gave the company a "market perform" rating in a research note on Friday, April 5th. Morgan Stanley reaffirmed an "overweight" rating and issued a $16.00 target price on shares of Huntington Bancshares in a research note on Monday, April 22nd. Evercore ISI increased their price target on shares of Huntington Bancshares from $15.00 to $16.00 and gave the company an "outperform" rating in a research note on Thursday, March 28th. Finally, Bank of America raised Huntington Bancshares from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $14.00 to $16.00 in a report on Monday, April 8th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $15.17.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Future Financial Wealth Managment LLC acquired a new position in shares of Huntington Bancshares during the 1st quarter worth about $29,000. YHB Investment Advisors Inc. acquired a new position in shares of Huntington Bancshares during the 1st quarter worth approximately $30,000. Wetzel Investment Advisors Inc. acquired a new stake in shares of Huntington Bancshares in the 4th quarter valued at approximately $29,000. Nemes Rush Group LLC increased its holdings in Huntington Bancshares by 140.9% during the fourth quarter. Nemes Rush Group LLC now owns 2,378 shares of the bank's stock worth $30,000 after buying an additional 1,391 shares during the last quarter. Finally, Planned Solutions Inc. acquired a new stake in Huntington Bancshares in the fourth quarter valued at $33,000. 80.72% of the stock is owned by institutional investors and hedge funds.

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.

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