Insider Selling: Huntington Bancshares (NASDAQ:HBAN) EVP Sells $230,976.00 in Stock

Huntington Bancshares Incorporated (NASDAQ:HBAN) EVP Marcy Hingst sold 12,832 shares of the stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $18.00, for a total value of $230,976.00. Following the completion of the transaction, the executive vice president owned 239,473 shares in the company, valued at $4,310,514. The trade was a 5.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Huntington Bancshares Stock Performance

Shares of Huntington Bancshares stock traded down $0.08 during trading on Monday, hitting $17.74. 24,704,392 shares of the stock were exchanged, compared to its average volume of 27,227,197. Huntington Bancshares Incorporated has a 1-year low of $11.91 and a 1-year high of $18.04. The stock has a market capitalization of $25.89 billion, a price-to-earnings ratio of 12.41, a price-to-earnings-growth ratio of 0.67 and a beta of 0.96. The company has a fifty day moving average price of $16.07 and a 200-day moving average price of $16.56. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 0.89.

Huntington Bancshares (NASDAQ:HBAN) last announced its quarterly earnings data on Monday, December 1st. The bank reported $0.67 EPS 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 $580.00 million during the quarter. As a group, equities analysts predict that Huntington Bancshares Incorporated will post 1.39 EPS for the current fiscal year.

Huntington Bancshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 2nd. Shareholders of record on Thursday, December 18th will be paid a dividend of $0.155 per share. This represents a $0.62 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend is Thursday, December 18th. Huntington Bancshares’s payout ratio is presently 43.36%.

Institutional Investors Weigh In On Huntington Bancshares

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Family Legacy Financial Solutions LLC bought a new stake in Huntington Bancshares in the 2nd quarter worth about $25,000. MTM Investment Management LLC purchased a new stake in shares of Huntington Bancshares during the second quarter valued at $25,000. Palisade Asset Management LLC purchased a new stake in Huntington Bancshares during the third quarter worth $26,000. South Plains Financial Inc. boosted its stake in Huntington Bancshares by 116.3% in the 3rd quarter. South Plains Financial Inc. now owns 1,536 shares of the bank’s stock worth $27,000 after purchasing an additional 826 shares in the last quarter. Finally, Quarry LP lifted its holdings in shares of Huntington Bancshares by 73.0% in the 1st quarter. Quarry LP now owns 1,929 shares of the bank’s stock valued at $29,000 after buying an additional 814 shares during the period. 80.72% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. TD Cowen raised their target price on shares of Huntington Bancshares from $22.00 to $23.00 and gave the stock a “buy” rating in a report on Tuesday, October 28th. Jefferies Financial Group raised their price objective on shares of Huntington Bancshares from $19.00 to $20.00 and gave the company a “buy” rating in a research note on Monday, December 1st. Truist Financial upped their price target on shares of Huntington Bancshares from $19.00 to $20.00 and gave the stock a “buy” rating in a research report on Friday, September 12th. Evercore ISI assumed coverage on Huntington Bancshares in a research note on Tuesday, October 21st. They set an “outperform” rating and a $18.00 price objective on the stock. Finally, Wall Street Zen lowered shares of Huntington Bancshares from a “hold” rating to a “sell” rating in a research report on Saturday, November 15th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Huntington Bancshares has an average rating of “Moderate Buy” and a consensus price target of $19.64.

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.