Zachary Jacob Wasserman Sells 8,644 Shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) Stock

Huntington Bancshares Incorporated (NASDAQ:HBAN) CFO Zachary Jacob Wasserman sold 8,644 shares of the firm’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $17.63, for a total value of $152,393.72. Following the completion of the sale, the chief financial officer now owns 259,943 shares of the company’s stock, valued at approximately $4,582,795.09. This trade represents a 3.22 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Huntington Bancshares Stock Performance

HBAN stock opened at $17.69 on Friday. Huntington Bancshares Incorporated has a 1-year low of $10.73 and a 1-year high of $17.97. The company has a current ratio of 0.88, a quick ratio of 0.87 and a debt-to-equity ratio of 0.86. The firm has a market cap of $25.70 billion, a PE ratio of 17.01, a P/E/G ratio of 3.55 and a beta of 1.03. The business’s 50-day moving average price is $15.38 and its two-hundred day moving average price is $14.33.

Huntington Bancshares (NASDAQ:HBAN) last released its quarterly earnings results on Thursday, October 17th. The bank reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.03. Huntington Bancshares had a return on equity of 10.72% and a net margin of 14.19%. The company had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.86 billion. During the same quarter last year, the firm posted $0.36 earnings per share. As a group, research analysts forecast that Huntington Bancshares Incorporated will post 1.21 earnings per share for the current year.

Huntington Bancshares Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Wednesday, December 18th will be issued a $0.155 dividend. This represents a $0.62 annualized dividend and a dividend yield of 3.50%. The ex-dividend date of this dividend is Wednesday, December 18th. Huntington Bancshares’s dividend payout ratio (DPR) is presently 59.62%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on HBAN shares. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $17.00 target price on shares of Huntington Bancshares in a research note on Friday, October 18th. Evercore ISI boosted their price objective on shares of Huntington Bancshares from $17.00 to $18.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Morgan Stanley increased their price objective on Huntington Bancshares from $16.00 to $18.00 and gave the company an “overweight” rating in a research report on Monday, August 5th. Argus lifted their target price on Huntington Bancshares from $15.00 to $16.00 and gave the company a “buy” rating in a research note on Monday, July 22nd. Finally, Bank of America upped their price target on Huntington Bancshares from $15.00 to $17.00 and gave the company a “buy” rating in a research note on Monday, July 22nd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Huntington Bancshares has an average rating of “Moderate Buy” and an average target price of $16.09.

Institutional Investors Weigh In On Huntington Bancshares

A number of hedge funds and other institutional investors have recently made changes to their positions in HBAN. WealthShield Partners LLC boosted its stake in Huntington Bancshares by 5.9% in the 2nd quarter. WealthShield Partners LLC now owns 12,237 shares of the bank’s stock worth $163,000 after purchasing an additional 683 shares during the period. UMB Bank n.a. lifted its holdings in shares of Huntington Bancshares by 19.1% in the third quarter. UMB Bank n.a. now owns 4,545 shares of the bank’s stock valued at $67,000 after purchasing an additional 728 shares in the last quarter. Foundations Investment Advisors LLC boosted its position in shares of Huntington Bancshares by 3.2% during the second quarter. Foundations Investment Advisors LLC now owns 23,647 shares of the bank’s stock worth $312,000 after buying an additional 744 shares during the period. Summit Financial Strategies Inc. grew its holdings in shares of Huntington Bancshares by 2.5% during the second quarter. Summit Financial Strategies Inc. now owns 30,955 shares of the bank’s stock worth $408,000 after buying an additional 762 shares in the last quarter. Finally, TCW Group Inc. raised its position in Huntington Bancshares by 4.1% in the 2nd quarter. TCW Group Inc. now owns 20,235 shares of the bank’s stock valued at $267,000 after buying an additional 794 shares during the last quarter. 80.72% of the stock is currently 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.