Huntington Bancshares (NASDAQ:HBAN) Sees Strong Trading Volume

Huntington Bancshares Incorporated (NASDAQ:HBAN - Get Free Report) shares saw unusually-high trading volume on Friday . Approximately 6,814,982 shares were traded during trading, a decline of 61% from the previous session's volume of 17,384,248 shares.The stock last traded at $13.10 and had previously closed at $13.18.

Analysts Set New Price Targets

Several analysts have weighed in on HBAN shares. Raymond James lifted their price objective on shares of Huntington Bancshares from $13.00 to $15.00 and gave the stock a "strong-buy" rating in a research note on Tuesday, December 26th. JPMorgan Chase & Co. lifted their price target on shares of Huntington Bancshares from $15.00 to $16.00 and gave the company a "neutral" rating in a report on Thursday, April 4th. Morgan Stanley lifted their price target on shares of Huntington Bancshares from $13.00 to $16.00 and gave the company an "overweight" rating in a report on Wednesday, February 7th. Evercore ISI boosted their target price on shares of Huntington Bancshares from $15.00 to $16.00 and gave the stock an "outperform" rating in a report on Thursday, March 28th. Finally, Stephens reissued an "equal weight" rating and set a $15.00 target price on shares of Huntington Bancshares in a report on Monday, April 1st. One research analyst has rated the stock with a sell rating, seven have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $14.97.

Huntington Bancshares Stock Up 0.8 %

The company's fifty day moving average is $13.27 and its 200-day moving average is $12.13. The company has a market capitalization of $19.26 billion, a PE ratio of 10.71, a price-to-earnings-growth ratio of 2.44 and a beta of 1.11. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.87 and a current ratio of 0.87.

Huntington Bancshares (NASDAQ:HBAN - Get Free Report) last announced its quarterly earnings data on Friday, January 19th. The bank reported $0.27 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.12 by $0.15. The business had revenue of $2.76 billion during the quarter, compared to analyst estimates of $1.75 billion. Huntington Bancshares had a net margin of 18.00% and a return on equity of 12.96%. During the same period last year, the firm posted $0.43 EPS. As a group, analysts predict that Huntington Bancshares Incorporated will post 1.21 EPS for the current fiscal year.

Huntington Bancshares Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Monday, June 17th will be given a $0.155 dividend. This represents a $0.62 dividend on an annualized basis and a yield of 4.67%. Huntington Bancshares's dividend payout ratio is presently 50.00%.

Insider Transactions at Huntington Bancshares

In other news, Director Ann B. Crane sold 58,000 shares of the firm's stock in a transaction on Friday, March 8th. The stock was sold at an average price of $13.54, for a total transaction of $785,320.00. Following the transaction, the director now owns 192,247 shares in the company, valued at $2,603,024.38. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, VP Julie C. Tutkovics sold 15,541 shares of Huntington Bancshares stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $12.68, for a total transaction of $197,059.88. Following the completion of the sale, the vice president now owns 303,455 shares of the company's stock, valued at $3,847,809.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ann B. Crane sold 58,000 shares of Huntington Bancshares stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $13.54, for a total value of $785,320.00. Following the sale, the director now directly owns 192,247 shares of the company's stock, valued at approximately $2,603,024.38. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 102,241 shares of company stock worth $1,360,359. 0.89% of the stock is currently owned by insiders.

Institutional Trading of Huntington Bancshares

A number of institutional investors and hedge funds have recently made changes to their positions in the business. American Century Companies Inc. grew its holdings in Huntington Bancshares by 11.8% in the 1st quarter. American Century Companies Inc. now owns 189,174 shares of the bank's stock valued at $2,765,000 after buying an additional 19,959 shares in the last quarter. D.A. Davidson & CO. acquired a new position in Huntington Bancshares during the 1st quarter worth about $315,000. Healthcare of Ontario Pension Plan Trust Fund lifted its stake in Huntington Bancshares by 309.4% during the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 10,001 shares of the bank's stock worth $146,000 after acquiring an additional 7,558 shares in the last quarter. Panagora Asset Management Inc. lifted its stake in Huntington Bancshares by 40.9% during the 1st quarter. Panagora Asset Management Inc. now owns 104,361 shares of the bank's stock worth $1,526,000 after acquiring an additional 30,296 shares in the last quarter. Finally, Aviva PLC increased its holdings in Huntington Bancshares by 58.2% during the 1st quarter. Aviva PLC now owns 798,754 shares of the bank's stock worth $11,678,000 after purchasing an additional 293,944 shares during the period. 80.72% of the stock is currently owned by hedge funds and other institutional investors.

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.