Insider Selling: Huntington Bancshares (NASDAQ:HBAN) SVP Sells 3,000 Shares of Stock

Huntington Bancshares Incorporated (NASDAQ:HBAN) SVP Donnell White sold 3,000 shares of the business’s stock in a transaction on Tuesday, November 3rd. The stock was sold at an average price of $15.87, for a total transaction of $47,610.00. Following the completion of the sale, the senior vice president directly owned 23,697 shares in the company, valued at approximately $376,071.39. This represents a 11.24% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Huntington Bancshares Stock Up 0.9%

Shares of NASDAQ:HBAN traded up $0.14 during midday trading on Wednesday, reaching $16.00. The company had a trading volume of 13,359,255 shares, compared to its average volume of 26,964,471. Huntington Bancshares Incorporated has a 1-year low of $14.82 and a 1-year high of $19.45. The stock has a market cap of $32.34 billion, a PE ratio of 13.22, a P/E/G ratio of 1.03 and a beta of 0.97. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.59. The business’s 50 day moving average price is $15.92 and its 200 day moving average price is $16.69.

Huntington Bancshares (NASDAQ:HBAN) last announced its quarterly earnings data on Thursday, October 22nd. The bank reported $0.38 EPS for the quarter, meeting analysts’ consensus estimates of $0.38. Huntington Bancshares had a net margin of 16.28% and a return on equity of 10.93%. The company had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.82 billion. During the same quarter last year, the firm posted $0.41 EPS. Research analysts forecast that Huntington Bancshares Incorporated will post 1.54 EPS for the current fiscal year.

Huntington Bancshares Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Citigroup dropped their price target on Huntington Bancshares from $21.00 to $19.00 and set a “buy” rating for the company in a research note on Monday, October 26th. Zacks Research lowered Huntington Bancshares from a “hold” rating to a “strong sell” rating in a research report on Monday, October 5th. TD Cowen began coverage on Huntington Bancshares in a research report on Thursday, October 8th. They issued a “buy” rating and a $18.00 target price for the company. Wolfe Research lowered Huntington Bancshares from an “outperform” rating to a “peer perform” rating in a research note on Tuesday, October 27th. Finally, Wells Fargo & Company reduced their price target on Huntington Bancshares from $21.00 to $19.00 and set an “overweight” rating on the stock in a report on Friday, October 23rd. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $18.98.

Institutional Investors Weigh In On Huntington Bancshares

Several institutional investors and hedge funds have recently made changes to their positions in HBAN. TD Waterhouse Canada Inc. grew its holdings in shares of Huntington Bancshares by 90.7% during the third quarter. TD Waterhouse Canada Inc. now owns 1,682 shares of the bank’s stock valued at $26,000 after buying an additional 800 shares during the last quarter. Trust Co. of Vermont acquired a new stake in shares of Huntington Bancshares in the 2nd quarter worth about $29,000. Johnson Financial Group Inc. acquired a new stake in shares of Huntington Bancshares in the 2nd quarter worth about $31,000. Livelsberger Financial Advisory bought a new position in Huntington Bancshares in the 3rd quarter valued at about $31,000. Finally, Annis Gardner Whiting Capital Advisors LLC lifted its position in 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 acquiring an additional 994 shares in the last quarter. Institutional investors own 80.72% of the company’s stock.

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.