Huntington Bancshares (NASDAQ:HBAN) Stock: Insider James Rollins III Buys 14,000 Shares

Huntington Bancshares Incorporated (NASDAQ:HBAN) Director James Rollins III acquired 14,000 shares of the firm’s stock in a transaction on Monday, October 26th. The shares were purchased at an average cost of $18.12 per share, for a total transaction of $253,680.00. Following the completion of the purchase, the director directly owned 15,500 shares of the company’s stock, valued at approximately $280,860. The trade was a 933.33% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Huntington Bancshares Price Performance

Shares of NASDAQ:HBAN traded down $0.01 during trading on Wednesday, reaching $15.70. The stock had a trading volume of 19,208,764 shares, compared to its average volume of 27,189,842. Huntington Bancshares Incorporated has a 52 week low of $14.82 and a 52 week high of $19.45. The business’s 50-day moving average price is $16.05 and its 200 day moving average price is $16.74. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.91 and a quick ratio of 0.91. The stock has a market capitalization of $31.72 billion, a PE ratio of 12.98, a P/E/G ratio of 1.00 and a beta of 0.95.

Huntington Bancshares (NASDAQ:HBAN) last released its quarterly earnings results on Thursday, October 22nd. The bank reported $0.38 EPS for the quarter, hitting analysts’ consensus estimates of $0.38. Huntington Bancshares had a return on equity of 10.93% and a net margin of 16.28%. The business had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.82 billion. During the same period in the prior year, the company earned $0.41 EPS. As a group, equities analysts predict that Huntington Bancshares Incorporated will post 1.55 earnings per share for the current year.

Huntington Bancshares Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 4th. Stockholders of record on Friday, December 18th will be issued a dividend of $0.1550 per share. This represents a $0.62 annualized dividend and a dividend yield of 3.9%. The ex-dividend date is Friday, December 18th. Huntington Bancshares’s dividend payout ratio is presently 51.24%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on HBAN shares. Keefe, Bruyette & Woods cut their price target on Huntington Bancshares from $19.50 to $18.00 and set a “market perform” rating for the company in a report on Tuesday, October 6th. Bank of America lowered shares of Huntington Bancshares from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $20.00 to $18.50 in a report on Monday, July 27th. Morgan Stanley cut shares of Huntington Bancshares from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $21.00 to $19.00 in a research report on Friday, July 24th. Jefferies Financial Group dropped their target price on shares of Huntington Bancshares from $18.00 to $17.00 and set a “hold” rating for the company in a research note on Thursday, September 24th. Finally, Truist Financial reduced their target price on shares of Huntington Bancshares from $19.00 to $18.00 and set a “buy” rating on the stock in a research report on Wednesday. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $18.95.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. TD Waterhouse Canada Inc. boosted its holdings in Huntington Bancshares by 90.7% during the third quarter. TD Waterhouse Canada Inc. now owns 1,682 shares of the bank’s stock worth $26,000 after buying an additional 800 shares during the last quarter. Trust Co. of Vermont bought a new stake in shares of Huntington Bancshares in the 2nd quarter valued at about $29,000. Johnson Financial Group Inc. bought a new stake in shares of Huntington Bancshares in the 2nd quarter valued at about $31,000. Livelsberger Financial Advisory bought a new stake in Huntington Bancshares in the third quarter valued at approximately $31,000. Finally, Annis Gardner Whiting Capital Advisors LLC increased its position in shares of Huntington Bancshares by 80.7% in the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 2,226 shares of the bank’s stock valued at $35,000 after buying an additional 994 shares in the last quarter. 80.72% of the stock is currently owned by institutional investors and hedge funds.

About Huntington Bancshares

Huntington Bancshares Incorporated is a regional bank holding company headquartered in Columbus, Ohio. Its principal subsidiary, The Huntington National Bank, provides banking and financial services to consumers, businesses, institutions and government entities.

The company’s offerings include checking and savings accounts, consumer and residential lending, credit cards, auto finance, mortgages, commercial loans, treasury management, investment and wealth management services, insurance, and other financial solutions.