Insider Selling: Huntington Bancshares (NASDAQ:HBAN) EVP Sells $100,410.40 in Stock

Huntington Bancshares Incorporated (NASDAQ:HBAN) EVP Marcy Hingst sold 6,416 shares of Huntington Bancshares stock in a transaction that occurred on Friday, November 14th. The stock was sold at an average price of $15.65, for a total value of $100,410.40. Following the sale, the executive vice president directly owned 252,305 shares in the company, valued at $3,948,573.25. The trade was a 2.48% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Huntington Bancshares Stock Performance

Shares of NASDAQ HBAN opened at $15.38 on Thursday. Huntington Bancshares Incorporated has a one year low of $11.91 and a one year high of $18.44. The firm has a market capitalization of $22.45 billion, a price-to-earnings ratio of 10.76, a PEG ratio of 0.66 and a beta of 1.01. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 0.89. The business has a fifty day simple moving average of $16.32 and a 200 day simple moving average of $16.42.

Huntington Bancshares (NASDAQ:HBAN) last issued its earnings results on Wednesday, June 11th. The bank reported $0.28 earnings per share for the quarter. Huntington Bancshares had a net margin of 18.06% and a return on equity of 12.14%. The business had revenue of $469.00 million for the quarter. Sell-side analysts expect that Huntington Bancshares Incorporated will post 1.39 EPS for the current year.

Huntington Bancshares Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 2nd. Stockholders of record on Thursday, December 18th will be paid a $0.155 dividend. This represents a $0.62 annualized dividend and a dividend yield of 4.0%. The ex-dividend date is Thursday, December 18th. Huntington Bancshares’s dividend payout ratio is currently 43.36%.

Wall Street Analysts Forecast Growth

HBAN has been the subject of several analyst reports. Keefe, Bruyette & Woods raised their target price on Huntington Bancshares from $19.00 to $20.00 and gave the stock a “market perform” rating in a research report on Monday, October 20th. TD Cowen lifted their price objective on Huntington Bancshares from $22.00 to $23.00 and gave the company a “buy” rating in a report on Tuesday, October 28th. Citigroup boosted their target price on shares of Huntington Bancshares from $20.00 to $21.00 and gave the company a “buy” rating in a research note on Friday, September 19th. Evercore ISI started coverage on shares of Huntington Bancshares in a report on Tuesday, October 21st. They issued an “outperform” rating and a $18.00 target price on the stock. Finally, JPMorgan Chase & Co. lifted their price target on shares of Huntington Bancshares from $18.00 to $18.50 and gave the company an “overweight” rating in a report on Friday, October 10th. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $19.66.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Apollon Wealth Management LLC raised its stake in shares of Huntington Bancshares by 9.0% in the first quarter. Apollon Wealth Management LLC now owns 11,454 shares of the bank’s stock worth $172,000 after acquiring an additional 946 shares during the last quarter. Private Advisor Group LLC raised its position in Huntington Bancshares by 2.2% in the 1st quarter. Private Advisor Group LLC now owns 45,463 shares of the bank’s stock worth $682,000 after purchasing an additional 1,000 shares during the last quarter. Kestra Private Wealth Services LLC lifted its holdings in Huntington Bancshares by 1.9% during the 1st quarter. Kestra Private Wealth Services LLC now owns 133,679 shares of the bank’s stock worth $2,007,000 after buying an additional 2,551 shares in the last quarter. OneAscent Financial Services LLC boosted its position in Huntington Bancshares by 112.7% in the 1st quarter. OneAscent Financial Services LLC now owns 31,786 shares of the bank’s stock valued at $476,000 after buying an additional 16,845 shares during the last quarter. Finally, IFP Advisors Inc increased its stake in shares of Huntington Bancshares by 23.3% in the 1st quarter. IFP Advisors Inc now owns 5,552 shares of the bank’s stock valued at $83,000 after buying an additional 1,049 shares during the period. 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.