Sandra E. Pierce Sells 52,994 Shares of Huntington Bancshares Inc. (HBAN) Stock
Huntington Bancshares Inc. (NASDAQ:HBAN) insider Sandra E. Pierce sold 52,994 shares of the stock in a transaction that occurred on Friday, November 11th. The shares were sold at an average price of $11.62, for a total transaction of $615,790.28. Following the completion of the transaction, the insider now directly owns 495,651 shares of the company’s stock, valued at approximately $5,759,464.62. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.
Shares of Huntington Bancshares Inc. (NASDAQ:HBAN) opened at 11.96 on Wednesday. The company’s 50-day moving average is $10.33 and its 200 day moving average is $9.81. The stock has a market capitalization of $12.97 billion, a P/E ratio of 16.89 and a beta of 1.16. Huntington Bancshares Inc. has a 12 month low of $7.83 and a 12 month high of $12.20.
Huntington Bancshares (NASDAQ:HBAN) last released its earnings results on Wednesday, October 26th. The company reported $0.22 earnings per share for the quarter, topping the consensus estimate 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 earned $0.18 earnings per share. Equities research analysts predict that Huntington Bancshares Inc. will post $0.72 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 2nd. Investors of record on Tuesday, December 20th will be issued a $0.08 dividend. This is an increase from Huntington Bancshares’s previous quarterly dividend of $0.07. This represents a $0.32 annualized dividend and a dividend yield of 2.68%. The ex-dividend date of this dividend is Friday, December 16th. Huntington Bancshares’s payout ratio is presently 39.44%.
HBAN has been the subject of several analyst reports. Robert W. Baird reaffirmed a “neutral” rating and set a $9.23 price target (down previously from $10.00) on shares of Huntington Bancshares in a research note on Friday, July 22nd. JPMorgan Chase & Co. reiterated a “hold” rating and set a $9.50 price objective on shares of Huntington Bancshares in a research report on Friday, July 22nd. Jefferies Group restated a “buy” rating on shares of Huntington Bancshares in a report on Thursday, August 4th. Zacks Investment Research cut shares of Huntington Bancshares from a “hold” rating to a “sell” rating in a report on Wednesday, September 21st. Finally, Deutsche Bank AG upgraded shares of Huntington Bancshares from a “hold” rating to a “buy” rating and raised their price target for the stock from $10.50 to $11.50 in a report on Wednesday, September 28th. Thirteen research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. Huntington Bancshares has an average rating of “Hold” and a consensus target price of $11.20.
Hedge funds have recently added to or reduced their stakes in the stock. Brown Advisory Securities LLC increased its stake in Huntington Bancshares by 2.1% in the second quarter. Brown Advisory Securities LLC now owns 11,106 shares of the company’s stock valued at $101,000 after buying an additional 229 shares during the last quarter. Aspiriant LLC purchased a new stake in Huntington Bancshares during the second quarter valued at $102,000. Aspen Investment Management Inc purchased a new stake in Huntington Bancshares during the second quarter valued at $102,000. Savant Capital LLC purchased a new stake in Huntington Bancshares during the third quarter valued at $102,000. Finally, Schmidt P J Investment Management Inc. purchased a new stake in Huntington Bancshares during the third quarter valued at $104,000. Hedge funds and other institutional investors own 75.73% of the company’s stock.
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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