Huntington Bancshares Incorporated (NASDAQ:HBAN) was the target of some unusual options trading activity on Wednesday. Stock investors bought 10,159 put options on the stock. This is an increase of approximately 3,465% compared to the average daily volume of 285 put options.
In other Huntington Bancshares news, insider Helga Houston sold 14,513 shares of the company’s stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $13.77, for a total value of $199,844.01. Following the completion of the transaction, the insider now directly owns 499,824 shares in the company, valued at approximately $6,882,576.48. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Daniel J. Neumeyer sold 43,491 shares of the company’s stock in a transaction that occurred on Tuesday, October 31st. The shares were sold at an average price of $13.88, for a total transaction of $603,655.08. Following the completion of the transaction, the executive vice president now owns 427,270 shares of the company’s stock, valued at $5,930,507.60. The disclosure for this sale can be found here. 1.30% of the stock is owned by corporate insiders.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of Huntington Bancshares by 0.3% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 80,766 shares of the bank’s stock worth $1,092,000 after buying an additional 216 shares during the period. Raymond James Trust N.A. boosted its stake in Huntington Bancshares by 1.3% during the second quarter. Raymond James Trust N.A. now owns 22,377 shares of the bank’s stock worth $303,000 after acquiring an additional 289 shares in the last quarter. Investment Centers of America Inc. boosted its stake in Huntington Bancshares by 0.9% during the second quarter. Investment Centers of America Inc. now owns 77,865 shares of the bank’s stock worth $1,053,000 after acquiring an additional 676 shares in the last quarter. National Asset Management Inc. boosted its stake in Huntington Bancshares by 5.2% during the second quarter. National Asset Management Inc. now owns 14,630 shares of the bank’s stock worth $198,000 after acquiring an additional 719 shares in the last quarter. Finally, Suntrust Banks Inc. boosted its stake in Huntington Bancshares by 1.4% during the second quarter. Suntrust Banks Inc. now owns 85,608 shares of the bank’s stock worth $1,157,000 after acquiring an additional 1,142 shares in the last quarter. Institutional investors own 73.53% of the company’s stock.
Several brokerages have issued reports on HBAN. BidaskClub upgraded shares of Huntington Bancshares from a “hold” rating to a “buy” rating in a research report on Wednesday, January 10th. Vining Sparks restated a “buy” rating and issued a $19.00 price target on shares of Huntington Bancshares in a research report on Monday, January 8th. Piper Jaffray Companies restated a “buy” rating and issued a $17.00 price target on shares of Huntington Bancshares in a research report on Tuesday, January 9th. Zacks Investment Research upgraded shares of Huntington Bancshares from a “hold” rating to a “strong-buy” rating and set a $17.00 price target for the company in a research report on Tuesday, January 9th. Finally, Morgan Stanley upped their price target on shares of Huntington Bancshares from $14.50 to $16.50 and gave the company an “equal weight” rating in a research report on Wednesday, December 13th. Six research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $16.31.
Shares of Huntington Bancshares (NASDAQ HBAN) opened at $15.85 on Monday. Huntington Bancshares has a 12-month low of $12.14 and a 12-month high of $15.85. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.87 and a current ratio of 0.88. The firm has a market cap of $17,130.00, a price-to-earnings ratio of 19.10, a PEG ratio of 1.24 and a beta of 1.33.
Huntington Bancshares (NASDAQ:HBAN) last posted its quarterly earnings data on Wednesday, October 25th. The bank reported $0.23 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.25 by ($0.02). Huntington Bancshares had a return on equity of 11.96% and a net margin of 20.76%. The firm had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same quarter last year, the company earned $0.11 earnings per share. research analysts anticipate that Huntington Bancshares will post 0.98 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 2nd. Stockholders of record on Monday, December 18th were given a dividend of $0.11 per share. The ex-dividend date was Friday, December 15th. This is a boost from Huntington Bancshares’s previous quarterly dividend of $0.08. This represents a $0.44 annualized dividend and a dividend yield of 2.78%. Huntington Bancshares’s dividend payout ratio is 38.55%.
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Huntington Bancshares Company Profile
Huntington Bancshares Incorporated (Huntington) is a bank holding company. Through its subsidiaries, including its bank subsidiary, The Huntington National Bank (the Bank), the Company provides commercial and consumer banking services, mortgage banking services, automobile financing, recreational vehicle and marine financing, equipment leasing, investment management, trust services, brokerage services, insurance programs, and other financial products and services.
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