Huntington Bancshares Incorporated (NASDAQ:HBAN) VP Scott D. Kleinman Sells 28,600 Shares

Huntington Bancshares Incorporated (NASDAQ:HBAN) VP Scott D. Kleinman sold 28,600 shares of Huntington Bancshares stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $17.67, for a total value of $505,362.00. Following the sale, the vice president now directly owns 496,076 shares in the company, valued at $8,765,662.92. The trade was a 5.45 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Huntington Bancshares Stock Up 0.9 %

Shares of HBAN stock opened at $17.69 on Monday. Huntington Bancshares Incorporated has a 52-week low of $10.73 and a 52-week high of $17.97. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.87 and a current ratio of 0.88. The stock has a market cap of $25.70 billion, a price-to-earnings ratio of 17.01, a PEG ratio of 3.53 and a beta of 1.03. The firm’s 50-day moving average is $15.38 and its 200-day moving average is $14.34.

Huntington Bancshares (NASDAQ:HBAN) last released its quarterly earnings data on Thursday, October 17th. The bank reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.03. The company had revenue of $1.89 billion during the quarter, compared to analysts’ expectations of $1.86 billion. Huntington Bancshares had a return on equity of 10.72% and a net margin of 14.19%. During the same period last year, the firm posted $0.36 earnings per share. Sell-side analysts predict that Huntington Bancshares Incorporated will post 1.21 EPS for the current year.

Huntington Bancshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Wednesday, December 18th will be issued a $0.155 dividend. The ex-dividend date is Wednesday, December 18th. This represents a $0.62 annualized dividend and a dividend yield of 3.50%. Huntington Bancshares’s dividend payout ratio is currently 59.62%.

Institutional Trading of Huntington Bancshares

A number of hedge funds have recently modified their holdings of the stock. Asset Dedication LLC grew its stake in Huntington Bancshares by 200.7% in the 3rd quarter. Asset Dedication LLC now owns 1,801 shares of the bank’s stock valued at $26,000 after buying an additional 1,202 shares during the last quarter. Peoples Bank KS acquired a new position in shares of Huntington Bancshares in the third quarter valued at approximately $29,000. Hazlett Burt & Watson Inc. increased its stake in shares of Huntington Bancshares by 695.5% during the second quarter. Hazlett Burt & Watson Inc. now owns 2,291 shares of the bank’s stock worth $30,000 after purchasing an additional 2,003 shares during the period. Future Financial Wealth Managment LLC acquired a new stake in Huntington Bancshares during the 3rd quarter worth approximately $31,000. Finally, Fortitude Family Office LLC bought a new stake in Huntington Bancshares in the 3rd quarter valued at $32,000. Institutional investors and hedge funds own 80.72% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Baird R W cut Huntington Bancshares from a “strong-buy” rating to a “hold” rating in a report on Friday, July 26th. Argus lifted their price objective on Huntington Bancshares from $15.00 to $16.00 and gave the company a “buy” rating in a report on Monday, July 22nd. Bank of America upped their target price on shares of Huntington Bancshares from $15.00 to $17.00 and gave the stock a “buy” rating in a report on Monday, July 22nd. DA Davidson lifted their price target on shares of Huntington Bancshares from $16.50 to $17.50 and gave the company a “buy” rating in a report on Monday, October 21st. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $17.00 price objective on shares of Huntington Bancshares in a research note on Friday, October 18th. One research analyst has rated the stock with a sell rating, six have given a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Huntington Bancshares has an average rating of “Moderate Buy” and a consensus target price of $16.09.

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.