Insider Selling: Huntington Bancshares Incorporated (NASDAQ:HBAN) Insider Sells 11,288 Shares of Stock

Huntington Bancshares Incorporated (NASDAQ:HBAN) insider Helga Houston sold 11,288 shares of the stock in a transaction on Monday, July 29th. The stock was sold at an average price of $15.02, for a total value of $169,545.76. Following the completion of the transaction, the insider now directly owns 618,832 shares of the company’s stock, valued at approximately $9,294,856.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Helga Houston also recently made the following trade(s):

• On Thursday, May 30th, Helga Houston sold 7,278 shares of Huntington Bancshares stock. The stock was sold at an average price of $13.64, for a total value of $99,271.92.

Huntington Bancshares Price Performance

Huntington Bancshares stock opened at $14.95 on Thursday. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.89 and a quick ratio of 0.88. The company has a market capitalization of $21.67 billion, a PE ratio of 13.47, a price-to-earnings-growth ratio of 3.10 and a beta of 1.06. Huntington Bancshares Incorporated has a one year low of $9.25 and a one year high of $15.24. The business has a 50 day simple moving average of $13.51 and a 200 day simple moving average of $13.36.

Huntington Bancshares (NASDAQ:HBAN) last posted its earnings results on Friday, July 19th. The bank reported $0.30 EPS for the quarter, topping the consensus estimate of $0.28 by $0.02. The business had revenue of $2.97 billion during the quarter, compared to the consensus estimate of $1.81 billion. Huntington Bancshares had a return on equity of 11.34% and a net margin of 14.77%. During the same quarter last year, the company earned $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 disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 17th will be given a $0.155 dividend. The ex-dividend date is Tuesday, September 17th. This represents a $0.62 annualized dividend and a yield of 4.15%. Huntington Bancshares’s payout ratio is 55.86%.

Hedge Funds Weigh In On Huntington Bancshares

Several institutional investors have recently bought and sold shares of HBAN. Pacer Advisors Inc. raised its position in Huntington Bancshares by 6.4% in the 4th quarter. Pacer Advisors Inc. now owns 96,858 shares of the bank’s stock valued at $1,232,000 after purchasing an additional 5,794 shares during the last quarter. Blue Trust Inc. raised its position in Huntington Bancshares by 12.0% in the 4th quarter. Blue Trust Inc. now owns 8,460 shares of the bank’s stock valued at $108,000 after purchasing an additional 904 shares during the last quarter. Fifth Third Bancorp raised its position in Huntington Bancshares by 3.9% in the 4th quarter. Fifth Third Bancorp now owns 119,333 shares of the bank’s stock valued at $1,518,000 after purchasing an additional 4,464 shares during the last quarter. Parsons Capital Management Inc. RI bought a new position in Huntington Bancshares in the 4th quarter valued at $141,000. Finally, First Citizens Bank & Trust Co. raised its position in Huntington Bancshares by 4.6% in the 4th quarter. First Citizens Bank & Trust Co. now owns 27,201 shares of the bank’s stock valued at $346,000 after purchasing an additional 1,201 shares during the last quarter. Institutional investors own 80.72% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on HBAN shares. StockNews.com raised Huntington Bancshares from a “sell” rating to a “hold” rating in a research note on Monday. Stephens reaffirmed an “equal weight” rating and set a $15.00 target price on shares of Huntington Bancshares in a research note on Monday, April 22nd. Robert W. Baird downgraded Huntington Bancshares from an “outperform” rating to a “neutral” rating and set a $15.00 price objective on the stock. in a research note on Friday, July 26th. Evercore ISI cut their price objective on Huntington Bancshares from $16.50 to $15.00 and set an “outperform” rating on the stock in a research note on Tuesday, June 25th. Finally, Royal Bank of Canada raised their price objective on Huntington Bancshares from $16.00 to $17.00 and gave the company an “outperform” rating in a research note on Monday, July 22nd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $15.47.

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.