Huntington Bancshares Inc. (HBAN) EVP Nicholas G. Stanutz Sells 25,000 Shares
Huntington Bancshares Inc. (NASDAQ:HBAN) EVP Nicholas G. Stanutz sold 25,000 shares of the company’s stock in a transaction dated Friday, November 11th. The stock was sold at an average price of $11.54, for a total transaction of $288,500.00. Following the completion of the transaction, the executive vice president now owns 416,511 shares in the company, valued at approximately $4,806,536.94. The sale was disclosed in a legal filing with the SEC, which is available through this link.
Huntington Bancshares Inc. (NASDAQ:HBAN) opened at 11.96 on Tuesday. The firm has a market cap of $12.97 billion, a price-to-earnings ratio of 16.89 and a beta of 1.16. The stock has a 50 day moving average price of $10.26 and a 200 day moving average price of $9.80. Huntington Bancshares Inc. has a 52 week low of $7.83 and a 52 week high of $12.20.
Huntington Bancshares (NASDAQ:HBAN) last issued its earnings results on Wednesday, October 26th. The company reported $0.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.21 by $0.01. Huntington Bancshares had a return on equity of 10.97% and a net margin of 18.87%. During the same quarter in the prior year, the business posted $0.18 earnings per share. Equities research analysts expect that Huntington Bancshares Inc. will post $0.72 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, January 2nd. Stockholders of record on Tuesday, December 20th will be paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.68%. This is an increase from Huntington Bancshares’s previous quarterly dividend of $0.07. The ex-dividend date of this dividend is Friday, December 16th. Huntington Bancshares’s dividend payout ratio is 39.44%.
A number of equities analysts recently issued reports on HBAN shares. Jefferies Group reiterated a “buy” rating and issued a $12.00 price target on shares of Huntington Bancshares in a research note on Thursday, November 3rd. Zacks Investment Research upgraded shares of Huntington Bancshares from a “hold” rating to a “buy” rating and set a $12.00 price target on the stock in a research note on Wednesday, November 2nd. Deutsche Bank AG raised Huntington Bancshares from a “hold” rating to a “buy” rating and boosted their target price for the stock from $10.50 to $11.50 in a research report on Wednesday, September 28th. JPMorgan Chase & Co. reissued a “hold” rating and issued a $9.50 target price on shares of Huntington Bancshares in a research report on Friday, July 22nd. Finally, FBR & Co lowered Huntington Bancshares from an “outperform” rating to a “market perform” rating and set a $11.00 target price for the company. in a research report on Tuesday, October 11th. Thirteen investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $11.20.
Several institutional investors have recently modified their holdings of the company. Chevy Chase Trust Holdings Inc. increased its position in shares of Huntington Bancshares by 1.7% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 690,285 shares of the company’s stock worth $6,171,000 after buying an additional 11,476 shares during the period. Exxonmobil Investment Management Inc. TX increased its position in shares of Huntington Bancshares by 6.8% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 206,787 shares of the company’s stock worth $1,849,000 after buying an additional 13,218 shares during the period. DNB Asset Management AS increased its position in shares of Huntington Bancshares by 4.1% in the second quarter. DNB Asset Management AS now owns 40,930 shares of the company’s stock worth $366,000 after buying an additional 1,600 shares during the period. Fulton Bank N.A. increased its position in shares of Huntington Bancshares by 9.9% in the second quarter. Fulton Bank N.A. now owns 16,819 shares of the company’s stock worth $150,000 after buying an additional 1,513 shares during the period. Finally, Robecosam AG acquired a new position in shares of Huntington Bancshares during the first quarter worth about $125,000. 75.73% of the stock is owned by institutional investors and hedge funds.
Huntington Bancshares Company Profile
Huntington Bancshares Incorporated is a diversified regional bank holding company. Through its subsidiaries, including its bank subsidiary, The Huntington National Bank (the Bank), the Company is engaged in providing commercial, small business, consumer banking services, mortgage banking services, automobile financing, equipment leasing, investment management, trust services, brokerage services, customized insurance programs, and other financial products and services.
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