Huntington Bancshares Incorporated (NASDAQ:HBAN) Announces Quarterly Dividend of $0.15

Huntington Bancshares Incorporated (NASDAQ:HBAN) announced a quarterly dividend on Thursday, October 22nd. Investors of record on Friday, December 18th will be given a dividend of $0.1550 per share by the bank on Monday, January 4th. This represents a $0.62 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date is Friday, December 18th.

Huntington Bancshares has a payout ratio of 39.2% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Huntington Bancshares to earn $1.77 per share next year, which means the company should continue to be able to cover its $0.62 annual dividend with an expected future payout ratio of 35.0%.

Huntington Bancshares Price Performance

HBAN traded down $0.14 during midday trading on Friday, reaching $15.52. 1,535,317 shares of the company’s stock were exchanged, compared to its average volume of 27,175,084. The firm has a market capitalization of $31.35 billion, a price-to-earnings ratio of 12.02, a price-to-earnings-growth ratio of 1.00 and a beta of 0.95. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 0.63. Huntington Bancshares has a one year low of $14.82 and a one year high of $19.45. The business has a 50-day simple moving average of $16.16 and a two-hundred day simple moving average of $16.66.

Huntington Bancshares (NASDAQ:HBAN) last released its quarterly earnings data on Thursday, October 22nd. The bank reported $0.38 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.38. Huntington Bancshares had a return on equity of 11.19% and a net margin of 16.64%. The company had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.82 billion. During the same period in the previous year, the business earned $0.41 earnings per share. As a group, research analysts predict that Huntington Bancshares will post 1.54 EPS for the current year.

Insider Buying and Selling at Huntington Bancshares

In other news, insider Kendall Kowalski sold 27,971 shares of the company’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $17.20, for a total transaction of $481,101.20. Following the transaction, the insider directly owned 70,025 shares in the company, valued at approximately $1,204,430. This represents a 28.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.67% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. BlackRock Inc. bought a new stake in shares of Huntington Bancshares during the second quarter worth $3,134,426,000. Dimensional Fund Advisors LP boosted its holdings in Huntington Bancshares by 27.2% in the first quarter. Dimensional Fund Advisors LP now owns 23,480,601 shares of the bank’s stock valued at $367,388,000 after acquiring an additional 5,026,894 shares during the last quarter. Amundi boosted its holdings in Huntington Bancshares by 30.7% in the first quarter. Amundi now owns 19,502,547 shares of the bank’s stock valued at $305,215,000 after acquiring an additional 4,578,566 shares during the last quarter. Bank of America Corp DE acquired a new stake in Huntington Bancshares in the second quarter worth about $256,772,000. Finally, Bank of New York Mellon Corp acquired a new stake in Huntington Bancshares in the second quarter worth about $229,246,000. Institutional investors and hedge funds own 80.72% of the company’s stock.

Huntington Bancshares Company Profile

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.