Huntington Bancshares Incorporated (NASDAQ:HBAN) VP Sells $1,013,520.96 in Stock

Huntington Bancshares Incorporated (NASDAQ:HBAN) VP Scott D. Kleinman sold 69,088 shares of the firm’s stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $14.67, for a total transaction of $1,013,520.96. Following the transaction, the vice president now owns 453,129 shares in the company, valued at approximately $6,647,402.43. This trade represents a 13.23 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Huntington Bancshares Stock Performance

HBAN opened at $14.97 on Thursday. Huntington Bancshares Incorporated has a 1-year low of $12.05 and a 1-year high of $18.45. The stock has a market cap of $21.87 billion, a P/E ratio of 12.17, a P/E/G ratio of 1.33 and a beta of 1.07. The stock’s 50 day simple moving average is $16.28 and its 200 day simple moving average is $16.12. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.89 and a quick ratio of 0.88.

Huntington Bancshares (NASDAQ:HBAN) last announced its quarterly earnings results on Friday, January 17th. The bank reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.03. Huntington Bancshares had a return on equity of 11.23% and a net margin of 16.23%. During the same period in the previous year, the company earned $0.27 earnings per share. As a group, equities analysts anticipate that Huntington Bancshares Incorporated will post 1.39 EPS for the current fiscal year.

Huntington Bancshares Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 18th will be given a dividend of $0.155 per share. This represents a $0.62 dividend on an annualized basis and a yield of 4.14%. The ex-dividend date of this dividend is Tuesday, March 18th. Huntington Bancshares’s payout ratio is currently 50.41%.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. Baird R W raised shares of Huntington Bancshares from a “hold” rating to a “strong-buy” rating in a research report on Friday, March 7th. JPMorgan Chase & Co. restated an “overweight” rating and issued a $20.00 price target (up previously from $18.50) on shares of Huntington Bancshares in a research report on Wednesday, December 4th. Stephens reaffirmed an “equal weight” rating and set a $18.50 price objective on shares of Huntington Bancshares in a research note on Friday, February 7th. The Goldman Sachs Group lifted their target price on Huntington Bancshares from $16.25 to $20.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Finally, Truist Financial upped their price target on Huntington Bancshares from $19.00 to $21.00 and gave the stock a “buy” rating in a research note on Tuesday, January 21st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $18.35.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of HBAN. Wealth Enhancement Advisory Services LLC grew its holdings in Huntington Bancshares by 89.0% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 376,733 shares of the bank’s stock valued at $6,129,000 after buying an additional 177,356 shares during the last quarter. NorthCrest Asset Manangement LLC boosted its stake in shares of Huntington Bancshares by 7.7% during the fourth quarter. NorthCrest Asset Manangement LLC now owns 12,013 shares of the bank’s stock valued at $195,000 after acquiring an additional 856 shares during the last quarter. Park Square Financial Group LLC purchased a new stake in Huntington Bancshares during the 4th quarter worth about $96,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Huntington Bancshares in the 4th quarter valued at about $12,500,000. Finally, Pinnacle Wealth Planning Services Inc. boosted its stake in shares of Huntington Bancshares by 80.0% during the 4th quarter. Pinnacle Wealth Planning Services Inc. now owns 22,961 shares of the bank’s stock worth $374,000 after purchasing an additional 10,202 shares during the last quarter. 80.72% of the stock is owned by hedge funds and other institutional investors.

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.