Huntington Bancshares Incorporated (NASDAQ:HBAN) VP Brendan A. Lawlor Sells 721 Shares

Huntington Bancshares Incorporated (NASDAQ:HBAN) VP Brendan A. Lawlor sold 721 shares of the business’s stock in a transaction that occurred on Thursday, March 27th. The stock was sold at an average price of $15.27, for a total transaction of $11,009.67. Following the sale, the vice president now directly owns 46,600 shares in the company, valued at approximately $711,582. This represents a 1.52 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Huntington Bancshares Stock Performance

NASDAQ HBAN opened at $14.79 on Friday. The company has a current ratio of 0.89, a quick ratio of 0.88 and a debt-to-equity ratio of 0.92. Huntington Bancshares Incorporated has a twelve month low of $12.05 and a twelve month high of $18.45. The stock has a 50-day moving average of $16.07 and a 200 day moving average of $16.13. The stock has a market capitalization of $21.60 billion, a price-to-earnings ratio of 12.02, a PEG ratio of 1.33 and a beta of 1.07.

Huntington Bancshares (NASDAQ:HBAN) last announced its earnings results on Friday, January 17th. The bank reported $0.34 earnings per share (EPS) 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 quarter last year, the business posted $0.27 EPS. Sell-side analysts anticipate that Huntington Bancshares Incorporated will post 1.39 EPS for the current fiscal year.

Huntington Bancshares Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 18th will be issued a dividend of $0.155 per share. This represents a $0.62 annualized dividend and a dividend yield of 4.19%. The ex-dividend date is Tuesday, March 18th. Huntington Bancshares’s dividend payout ratio is currently 50.41%.

Wall Street Analyst Weigh In

HBAN has been the topic of several research reports. Piper Sandler cut their target price on Huntington Bancshares from $17.50 to $17.00 and set an “underweight” rating on the stock in a research report on Tuesday, January 21st. StockNews.com upgraded Huntington Bancshares from a “sell” rating to a “hold” rating in a research note on Thursday, December 12th. Keefe, Bruyette & Woods increased their price target on shares of Huntington Bancshares from $16.00 to $19.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. JPMorgan Chase & Co. restated an “overweight” rating and set a $20.00 price objective (up from $18.50) on shares of Huntington Bancshares in a research note on Wednesday, December 4th. Finally, Robert W. Baird raised shares of Huntington Bancshares from a “neutral” rating to an “outperform” rating and set a $18.00 price objective on the stock in a report on Friday, March 7th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Huntington Bancshares currently has a consensus rating of “Moderate Buy” and a consensus target price of $18.18.

Institutional Investors Weigh In On Huntington Bancshares

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Creative Capital Management Investments LLC grew its holdings in Huntington Bancshares by 17,533.3% in the 4th quarter. Creative Capital Management Investments LLC now owns 1,587 shares of the bank’s stock valued at $26,000 after buying an additional 1,578 shares in the last quarter. Y.D. More Investments Ltd boosted its position in shares of Huntington Bancshares by 126.8% during the 4th quarter. Y.D. More Investments Ltd now owns 1,830 shares of the bank’s stock valued at $30,000 after acquiring an additional 1,023 shares during the last quarter. Midwest Capital Advisors LLC purchased a new stake in shares of Huntington Bancshares in the fourth quarter valued at about $37,000. Transce3nd LLC acquired a new stake in Huntington Bancshares during the fourth quarter worth about $48,000. Finally, Asset Dedication LLC lifted its stake in shares of Huntington Bancshares by 70.0% in the 4th quarter. Asset Dedication LLC now owns 3,061 shares of the bank’s stock valued at $50,000 after purchasing an additional 1,260 shares during the last quarter. Institutional investors and hedge funds own 80.72% of the company’s stock.

About Huntington Bancshares

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.