Kendall Kowalski Sells 1,547 Shares of Huntington Bancshares (NASDAQ:HBAN) Stock

Huntington Bancshares Incorporated (NASDAQ:HBAN) insider Kendall Kowalski sold 1,547 shares of the company’s stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $17.93, for a total value of $27,737.71. Following the completion of the sale, the insider owned 115,643 shares of the company’s stock, valued at approximately $2,073,478.99. The trade was a 1.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Huntington Bancshares Trading Down 0.4%

Shares of NASDAQ HBAN traded down $0.08 during mid-day trading on Monday, reaching $17.74. 24,704,392 shares of the company’s stock were exchanged, compared to its average volume of 27,227,197. The company’s 50-day moving average is $16.07 and its 200-day moving average is $16.56. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.91 and a current ratio of 0.92. Huntington Bancshares Incorporated has a 52-week low of $11.91 and a 52-week high of $18.04. The firm has a market capitalization of $25.89 billion, a price-to-earnings ratio of 12.41, a PEG ratio of 0.67 and a beta of 0.96.

Huntington Bancshares (NASDAQ:HBAN) last posted its quarterly earnings data on Monday, December 1st. The bank reported $0.67 EPS for the quarter. The business had revenue of $580.00 million during the quarter. Huntington Bancshares had a net margin of 18.06% and a return on equity of 12.14%. Analysts expect that Huntington Bancshares Incorporated will post 1.39 EPS for the current fiscal year.

Huntington Bancshares Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 2nd. Investors of record on Thursday, December 18th will be given a $0.155 dividend. The ex-dividend date of this dividend is Thursday, December 18th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 3.5%. Huntington Bancshares’s dividend payout ratio is 43.36%.

Hedge Funds Weigh In On Huntington Bancshares

Several institutional investors and hedge funds have recently bought and sold shares of HBAN. Vanguard Personalized Indexing Management LLC grew its stake in Huntington Bancshares by 26.4% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 167,515 shares of the bank’s stock valued at $2,808,000 after purchasing an additional 35,014 shares in the last quarter. FineMark National Bank & Trust lifted its stake in Huntington Bancshares by 59.2% in the second quarter. FineMark National Bank & Trust now owns 175,144 shares of the bank’s stock valued at $2,935,000 after acquiring an additional 65,144 shares during the last quarter. Commerzbank Aktiengesellschaft FI grew its position in Huntington Bancshares by 43.4% in the second quarter. Commerzbank Aktiengesellschaft FI now owns 94,979 shares of the bank’s stock worth $1,592,000 after acquiring an additional 28,739 shares in the last quarter. Shoker Investment Counsel Inc. increased its position in Huntington Bancshares by 1,706.3% during the second quarter. Shoker Investment Counsel Inc. now owns 200,566 shares of the bank’s stock worth $3,361,000 after buying an additional 189,462 shares during the last quarter. Finally, Boston Partners raised its holdings in Huntington Bancshares by 4.8% during the second quarter. Boston Partners now owns 60,939,048 shares of the bank’s stock valued at $1,020,382,000 after buying an additional 2,776,429 shares in the last quarter. Institutional investors and hedge funds own 80.72% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. TD Cowen boosted their price objective on Huntington Bancshares from $22.00 to $23.00 and gave the company a “buy” rating in a research note on Tuesday, October 28th. DA Davidson reiterated a “buy” rating and set a $21.00 price target on shares of Huntington Bancshares in a research note on Tuesday, October 28th. Cowen reissued a “buy” rating on shares of Huntington Bancshares in a research report on Monday, October 20th. Morgan Stanley increased their target price on shares of Huntington Bancshares from $19.00 to $23.00 and gave the stock an “overweight” rating in a research note on Monday, September 29th. Finally, Keefe, Bruyette & Woods raised their target price on shares of Huntington Bancshares from $19.00 to $20.00 and gave the stock a “market perform” rating in a research note on Monday, October 20th. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $19.64.

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.