Brendan A. Lawlor Sells 721 Shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) Stock

Huntington Bancshares Incorporated (NASDAQ:HBAN) VP Brendan A. Lawlor sold 721 shares of the stock in a transaction dated Thursday, March 27th. The shares were sold at an average price of $15.27, for a total transaction of $11,009.67. Following the completion of the transaction, the vice president now directly owns 46,600 shares of the company’s stock, valued at approximately $711,582. This trade represents a 1.52 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Huntington Bancshares Stock Performance

NASDAQ HBAN opened at $14.79 on Friday. The business’s 50-day moving average price is $16.07 and its 200 day moving average price is $16.14. The company has a current ratio of 0.89, a quick ratio of 0.88 and a debt-to-equity ratio of 0.92. Huntington Bancshares Incorporated has a twelve month low of $12.05 and a twelve month high of $18.45. The company has a market capitalization of $21.60 billion, a PE ratio of 12.02, a price-to-earnings-growth ratio of 1.33 and a beta of 1.07.

Huntington Bancshares (NASDAQ:HBAN) last announced its quarterly earnings data on Friday, January 17th. The bank reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.03. Huntington Bancshares had a net margin of 16.23% and a return on equity of 11.23%. During the same quarter last year, the company posted $0.27 EPS. On average, research analysts predict that Huntington Bancshares Incorporated will post 1.39 earnings per share for the current year.

Huntington Bancshares Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 18th will be paid a $0.155 dividend. This represents a $0.62 annualized dividend and a dividend yield of 4.19%. The ex-dividend date is Tuesday, March 18th. Huntington Bancshares’s dividend payout ratio is currently 50.41%.

Analyst Ratings Changes

Several research firms recently weighed in on HBAN. Keefe, Bruyette & Woods raised their price objective on Huntington Bancshares from $16.00 to $19.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. JPMorgan Chase & Co. restated an “overweight” rating and issued a $20.00 price target (up previously from $18.50) on shares of Huntington Bancshares in a research report on Wednesday, December 4th. Royal Bank of Canada reiterated an “outperform” rating and issued a $20.00 price objective on shares of Huntington Bancshares in a research report on Tuesday, January 21st. Piper Sandler dropped their target price on shares of Huntington Bancshares from $17.50 to $17.00 and set an “underweight” rating for the company in a report on Tuesday, January 21st. Finally, StockNews.com raised shares of Huntington Bancshares from a “sell” rating to a “hold” rating in a report on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $18.18.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. State Street Corp increased its position in shares of Huntington Bancshares by 10.3% in the third quarter. State Street Corp now owns 79,474,115 shares of the bank’s stock worth $1,179,319,000 after acquiring an additional 7,439,909 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in Huntington Bancshares by 3.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 64,926,419 shares of the bank’s stock valued at $1,056,353,000 after purchasing an additional 2,218,020 shares during the period. Invesco Ltd. lifted its stake in shares of Huntington Bancshares by 4.6% during the fourth quarter. Invesco Ltd. now owns 52,599,986 shares of the bank’s stock worth $855,802,000 after purchasing an additional 2,310,502 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Huntington Bancshares by 1.3% in the third quarter. Geode Capital Management LLC now owns 36,880,662 shares of the bank’s stock worth $540,422,000 after buying an additional 473,893 shares during the period. Finally, FMR LLC grew its stake in shares of Huntington Bancshares by 36.9% in the fourth quarter. FMR LLC now owns 32,479,039 shares of the bank’s stock valued at $528,434,000 after buying an additional 8,759,871 shares in the last quarter. Hedge funds and other institutional investors own 80.72% of the company’s stock.

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.