Huntington Bancshares Incorporated (NASDAQ:HBAN) VP Sells $680,000.00 in Stock

Huntington Bancshares Incorporated (NASDAQ:HBAN) VP Brantley J. Standridge sold 50,000 shares of Huntington Bancshares stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $13.60, for a total transaction of $680,000.00. Following the completion of the sale, the vice president now owns 385,409 shares of the company’s stock, valued at $5,241,562.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Huntington Bancshares Stock Performance

NASDAQ HBAN opened at $13.55 on Friday. The firm’s fifty day moving average price is $13.36 and its two-hundred day moving average price is $12.26. The stock has a market cap of $19.62 billion, a PE ratio of 12.21, a PEG ratio of 2.53 and a beta of 1.11. Huntington Bancshares Incorporated has a fifty-two week low of $9.13 and a fifty-two week high of $14.07. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.88 and a current ratio of 0.88.

Huntington Bancshares (NASDAQ:HBAN) last posted its earnings results on Friday, April 19th. The bank reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.03. Huntington Bancshares had a net margin of 15.86% and a return on equity of 11.99%. The firm had revenue of $2.85 billion for the quarter, compared to analysts’ expectations of $1.74 billion. During the same quarter in the previous year, the firm posted $0.38 earnings per share. On average, equities analysts expect that Huntington Bancshares Incorporated will post 1.22 EPS for the current fiscal year.

Huntington Bancshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Monday, June 17th will be paid a $0.155 dividend. The ex-dividend date is Friday, June 14th. This represents a $0.62 annualized dividend and a dividend yield of 4.58%. Huntington Bancshares’s dividend payout ratio is 55.86%.

Institutional Trading of Huntington Bancshares

Several institutional investors have recently modified their holdings of HBAN. Wetzel Investment Advisors Inc. bought a new stake in shares of Huntington Bancshares in the fourth quarter worth $29,000. Future Financial Wealth Managment LLC bought a new stake in shares of Huntington Bancshares in the first quarter worth $29,000. Nemes Rush Group LLC grew its stake in shares of Huntington Bancshares by 140.9% in the fourth quarter. Nemes Rush Group LLC now owns 2,378 shares of the bank’s stock worth $30,000 after purchasing an additional 1,391 shares during the last quarter. YHB Investment Advisors Inc. bought a new stake in shares of Huntington Bancshares in the first quarter worth $30,000. Finally, Planned Solutions Inc. bought a new stake in shares of Huntington Bancshares in the fourth quarter worth $33,000. Institutional investors own 80.72% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on HBAN. JPMorgan Chase & Co. lifted their price target on shares of Huntington Bancshares from $15.00 to $16.00 and gave the company a “neutral” rating in a research report on Thursday, April 4th. Citigroup lifted their price target on shares of Huntington Bancshares from $14.00 to $15.00 and gave the company a “buy” rating in a research report on Thursday, January 25th. StockNews.com downgraded shares of Huntington Bancshares from a “hold” rating to a “sell” rating in a research report on Friday, December 29th. UBS Group upgraded shares of Huntington Bancshares from a “neutral” rating to a “buy” rating and lifted their price target for the company from $14.00 to $15.00 in a research report on Wednesday, February 14th. Finally, Stephens restated an “equal weight” rating and set a $15.00 price objective on shares of Huntington Bancshares in a research report on Monday, April 22nd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $15.17.

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.