James Rollins III Purchases 4,915 Shares of Huntington Bancshares (NASDAQ:HBAN) Stock

Huntington Bancshares Incorporated (NASDAQ:HBAN) Director James Rollins III purchased 4,915 shares of the company’s stock in a transaction that occurred on Tuesday, March 3rd. The shares were acquired at an average cost of $17.65 per share, for a total transaction of $86,749.75. Following the completion of the transaction, the director directly owned 4,915 shares of the company’s stock, valued at $86,749.75. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link.

Huntington Bancshares Stock Up 0.5%

Shares of HBAN traded up $0.08 during trading hours on Wednesday, reaching $16.83. The company’s stock had a trading volume of 27,683,970 shares, compared to its average volume of 37,004,551. The company has a quick ratio of 0.92, a current ratio of 0.93 and a debt-to-equity ratio of 0.80. The firm has a market cap of $34.16 billion, a price-to-earnings ratio of 12.11, a P/E/G ratio of 0.68 and a beta of 0.95. The company has a 50 day moving average of $17.77 and a two-hundred day moving average of $17.09. Huntington Bancshares Incorporated has a 1-year low of $11.91 and a 1-year high of $19.45.

Huntington Bancshares (NASDAQ:HBAN) last released its quarterly earnings data on Thursday, January 22nd. The bank reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.03). Huntington Bancshares had a net margin of 17.71% and a return on equity of 11.98%. The company had revenue of $2.19 billion during the quarter, compared to analyst estimates of $2.21 billion. During the same quarter in the prior year, the company posted $0.34 EPS. As a group, research analysts predict that Huntington Bancshares Incorporated will post 1.39 EPS for the current fiscal year.

Huntington Bancshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Wednesday, March 18th will be given a dividend of $0.155 per share. This represents a $0.62 annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend is Wednesday, March 18th. Huntington Bancshares’s dividend payout ratio (DPR) is presently 44.60%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. Jefferies Financial Group increased their price target on shares of Huntington Bancshares from $20.00 to $22.00 and gave the stock a “buy” rating in a research note on Friday, December 19th. Wall Street Zen lowered Huntington Bancshares from a “hold” rating to a “sell” rating in a report on Saturday, November 15th. Morgan Stanley boosted their price objective on shares of Huntington Bancshares from $21.00 to $23.00 and gave the stock an “overweight” rating in a research note on Monday. Wolfe Research reaffirmed an “outperform” rating and issued a $21.00 price target on shares of Huntington Bancshares in a research report on Wednesday, January 7th. Finally, Argus raised their target price on Huntington Bancshares from $19.00 to $20.00 and gave the company a “buy” rating in a report on Wednesday, January 28th. Two research 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 assigned a Sell rating to the stock. According to data from MarketBeat.com, Huntington Bancshares presently has an average rating of “Moderate Buy” and an average price target of $20.69.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. MV Capital Management Inc. acquired a new stake in Huntington Bancshares during the fourth quarter worth $25,000. MTM Investment Management LLC bought a new stake in Huntington Bancshares in the second quarter valued at about $25,000. Palisade Asset Management LLC acquired a new position in Huntington Bancshares in the third quarter worth about $26,000. South Plains Financial Inc. lifted its stake in Huntington Bancshares by 116.3% during the third quarter. South Plains Financial Inc. now owns 1,536 shares of the bank’s stock worth $27,000 after purchasing an additional 826 shares during the period. Finally, Centennial Bank AR acquired a new stake in Huntington Bancshares during the fourth quarter valued at approximately $28,000. 80.72% of the stock is currently owned by institutional investors and hedge funds.

About Huntington Bancshares

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.