Brendan A. Lawlor Sells 3,521 Shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) Stock

Huntington Bancshares Incorporated (NASDAQ:HBAN) VP Brendan A. Lawlor sold 3,521 shares of Huntington Bancshares stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $15.25, for a total value of $53,695.25. Following the completion of the transaction, the vice president now owns 47,950 shares of the company’s stock, valued at approximately $731,237.50. This represents a 6.84 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Huntington Bancshares Stock Down 0.4 %

HBAN traded down $0.06 during trading on Wednesday, hitting $15.26. The stock had a trading volume of 14,667,504 shares, compared to its average volume of 16,353,921. The stock has a 50 day simple moving average of $16.18 and a two-hundred day simple moving average of $16.14. The company has a market capitalization of $22.29 billion, a PE ratio of 12.41, a PEG ratio of 1.33 and a beta of 1.07. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.88 and a current ratio of 0.89. Huntington Bancshares Incorporated has a twelve month low of $12.05 and a twelve month high of $18.45.

Huntington Bancshares (NASDAQ:HBAN) last released its quarterly earnings results on Friday, January 17th. The bank reported $0.34 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 period in the previous year, the firm earned $0.27 earnings per share. On average, research analysts predict that Huntington Bancshares Incorporated will post 1.39 earnings per share for the current year.

Huntington Bancshares Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 18th will be paid a dividend of $0.155 per share. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.62 dividend on an annualized basis and a yield of 4.06%. Huntington Bancshares’s payout ratio is 50.41%.

Analysts Set New Price Targets

A number of brokerages have recently commented on HBAN. Barclays lifted their target price on Huntington Bancshares from $17.00 to $19.00 and gave the stock an “equal weight” rating in a report on Monday, January 6th. The Goldman Sachs Group boosted their price objective on shares of Huntington Bancshares from $16.25 to $20.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $20.00 price target on shares of Huntington Bancshares in a research note on Tuesday, January 21st. Stephens reissued an “equal weight” rating and issued a $18.50 price objective on shares of Huntington Bancshares in a research report on Friday, February 7th. Finally, Citigroup dropped their target price on Huntington Bancshares from $20.00 to $18.00 and set a “buy” rating for the company in a research report on Monday. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Huntington Bancshares presently has a consensus rating of “Moderate Buy” and an average target price of $18.18.

Institutional Investors Weigh In On Huntington Bancshares

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Carlson Capital Management raised its stake in Huntington Bancshares by 0.4% in the 4th quarter. Carlson Capital Management now owns 163,575 shares of the bank’s stock worth $2,661,000 after acquiring an additional 692 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of Huntington Bancshares by 6.0% during the fourth quarter. Farther Finance Advisors LLC now owns 12,317 shares of the bank’s stock worth $200,000 after purchasing an additional 699 shares during the period. Venturi Wealth Management LLC boosted its position in Huntington Bancshares by 27.2% in the fourth quarter. Venturi Wealth Management LLC now owns 3,279 shares of the bank’s stock valued at $53,000 after buying an additional 702 shares during the last quarter. CreativeOne Wealth LLC increased its holdings in Huntington Bancshares by 4.0% in the 4th quarter. CreativeOne Wealth LLC now owns 20,019 shares of the bank’s stock worth $326,000 after buying an additional 762 shares during the period. Finally, Lantz Financial LLC raised its position in Huntington Bancshares by 6.1% during the 4th quarter. Lantz Financial LLC now owns 13,766 shares of the bank’s stock worth $224,000 after buying an additional 790 shares during the last quarter. 80.72% of the stock is currently owned by institutional investors and hedge funds.

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.