Huntington Bancshares (NASDAQ:HBAN) VP Brantley Standridge Sells 5,830 Shares

Huntington Bancshares Incorporated (NASDAQ:HBAN) VP Brantley Standridge sold 5,830 shares of the company’s stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $19.14, for a total transaction of $111,586.20. Following the completion of the transaction, the vice president owned 327,676 shares in the company, valued at approximately $6,271,718.64. This trade represents a 1.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Huntington Bancshares Stock Performance

Huntington Bancshares stock opened at $19.27 on Friday. Huntington Bancshares Incorporated has a fifty-two week low of $11.91 and a fifty-two week high of $19.46. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.92 and a current ratio of 0.93. The stock has a market cap of $30.35 billion, a P/E ratio of 13.86, a price-to-earnings-growth ratio of 0.77 and a beta of 0.96. The firm’s fifty day moving average price is $17.72 and its 200-day moving average price is $16.95.

Huntington Bancshares (NASDAQ:HBAN) last announced its quarterly earnings data on Thursday, January 22nd. The bank reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.03). The firm had revenue of $2.19 billion for the quarter, compared to analysts’ expectations of $2.21 billion. Huntington Bancshares had a net margin of 17.71% and a return on equity of 11.98%. During the same period in the prior year, the business posted $0.34 earnings per share. On average, equities research analysts expect that Huntington Bancshares Incorporated will post 1.39 earnings per share for the current fiscal year.

Huntington Bancshares Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Wednesday, March 18th will be issued a dividend of $0.155 per share. This represents a $0.62 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date is Wednesday, March 18th. Huntington Bancshares’s dividend payout ratio is currently 44.60%.

Institutional Trading of Huntington Bancshares

Institutional investors and hedge funds have recently modified their holdings of the business. CFO4Life Group LLC purchased a new position in shares of Huntington Bancshares in the 4th quarter worth $230,000. EverSource Wealth Advisors LLC lifted its holdings in Huntington Bancshares by 24.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 31,896 shares of the bank’s stock valued at $553,000 after acquiring an additional 6,328 shares during the period. Lloyd Advisory Services LLC. purchased a new position in Huntington Bancshares in the fourth quarter worth about $76,000. Keudell Morrison Wealth Management bought a new stake in shares of Huntington Bancshares during the 4th quarter valued at about $212,000. Finally, Axxcess Wealth Management LLC increased its position in shares of Huntington Bancshares by 11.3% during the 4th quarter. Axxcess Wealth Management LLC now owns 80,325 shares of the bank’s stock valued at $1,394,000 after purchasing an additional 8,134 shares during the last quarter. Institutional investors own 80.72% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on HBAN. Truist Financial boosted their target price on shares of Huntington Bancshares from $20.00 to $21.00 and gave the company a “buy” rating in a report on Monday, January 26th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $21.00 target price on shares of Huntington Bancshares in a research note on Tuesday, January 6th. TD Cowen boosted their price target on Huntington Bancshares from $22.00 to $23.00 and gave the stock a “buy” rating in a research report on Tuesday, October 28th. Wolfe Research restated an “outperform” rating and issued a $21.00 price target on shares of Huntington Bancshares in a research note on Wednesday, January 7th. Finally, UBS Group set a $21.00 price objective on Huntington Bancshares in a research note on Wednesday. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $20.48.

Huntington Bancshares Company Profile

Huntington Bancshares Incorporated (NASDAQ: HBAN) is a bank holding company headquartered in Columbus, Ohio, that provides a broad range of banking and financial services through its principal subsidiary, Huntington National Bank. The company’s operations are centered on retail and commercial banking, and it serves individual consumers, small and middle-market businesses, and institutional customers.

Huntington’s product offerings include traditional deposit and lending products, consumer and commercial loans, mortgage origination and servicing, auto financing, and business banking solutions.