Insider Selling: Huntington Bancshares Incorporated (NASDAQ:HBAN) VP Sells 57,537 Shares of Stock

Huntington Bancshares Incorporated (NASDAQ:HBAN) VP Nancy E. Maloney sold 57,537 shares of the firm’s stock in a transaction on Tuesday, July 23rd. The shares were sold at an average price of $15.15, for a total transaction of $871,685.55. Following the completion of the transaction, the vice president now directly owns 69,595 shares in the company, valued at approximately $1,054,364.25. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Huntington Bancshares Stock Performance

Shares of NASDAQ HBAN traded up $0.14 during midday trading on Thursday, hitting $15.06. The company’s stock had a trading volume of 17,741,433 shares, compared to its average volume of 17,535,285. Huntington Bancshares Incorporated has a 1-year low of $9.25 and a 1-year high of $15.24. The firm’s fifty day moving average price is $13.41 and its 200-day moving average price is $13.28. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.88 and a current ratio of 0.89. The firm has a market cap of $21.83 billion, a P/E ratio of 13.57, a P/E/G ratio of 3.08 and a beta of 1.06.

Huntington Bancshares (NASDAQ:HBAN) last posted its quarterly earnings results on Friday, July 19th. The bank reported $0.30 EPS for the quarter, beating the consensus estimate of $0.28 by $0.02. Huntington Bancshares had a net margin of 14.77% and a return on equity of 11.34%. The business had revenue of $2.97 billion during the quarter, compared to analyst estimates of $1.81 billion. During the same period in the previous year, the business posted $0.35 EPS. On average, sell-side analysts forecast that Huntington Bancshares Incorporated will post 1.19 EPS for the current fiscal year.

Huntington Bancshares Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 17th will be issued a $0.155 dividend. This represents a $0.62 annualized dividend and a dividend yield of 4.12%. The ex-dividend date is Tuesday, September 17th. Huntington Bancshares’s dividend payout ratio (DPR) is presently 55.86%.

Analyst Ratings Changes

A number of equities analysts have recently commented on HBAN shares. Argus raised their target price on shares of Huntington Bancshares from $15.00 to $16.00 and gave the company a “buy” rating in a research note on Monday. Jefferies Financial Group dropped their price target on shares of Huntington Bancshares from $16.00 to $15.00 and set a “buy” rating on the stock in a research note on Wednesday, July 3rd. Royal Bank of Canada lifted their price target on shares of Huntington Bancshares from $16.00 to $17.00 and gave the stock an “outperform” rating in a research note on Monday. Stephens reaffirmed an “equal weight” rating and set a $15.00 price target on shares of Huntington Bancshares in a research note on Monday, April 22nd. Finally, Citigroup lifted their price target on shares of Huntington Bancshares from $17.00 to $18.00 and gave the stock a “buy” rating in a research note on Monday. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $15.50.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Boston Partners boosted its stake in Huntington Bancshares by 59.3% during the 4th quarter. Boston Partners now owns 46,642,476 shares of the bank’s stock valued at $593,408,000 after purchasing an additional 17,365,446 shares during the period. Norges Bank acquired a new position in Huntington Bancshares during the 4th quarter valued at about $206,703,000. KBC Group NV boosted its stake in Huntington Bancshares by 715.0% during the 4th quarter. KBC Group NV now owns 4,251,631 shares of the bank’s stock valued at $54,081,000 after purchasing an additional 3,729,974 shares during the period. National Bank of Canada FI boosted its stake in Huntington Bancshares by 832.7% during the 1st quarter. National Bank of Canada FI now owns 3,337,625 shares of the bank’s stock valued at $46,927,000 after purchasing an additional 2,979,768 shares during the period. Finally, Scout Investments Inc. acquired a new position in Huntington Bancshares during the 1st quarter valued at about $35,428,000. 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.