Huntington Bancshares Inc. (HBAN) Short Interest Up 27.3% in November
Huntington Bancshares Inc. (NASDAQ:HBAN) saw a large increase in short interest during the month of November. As of November 15th, there was short interest totalling 24,042,658 shares, an increase of 27.3% from the October 31st total of 18,893,094 shares. Currently, 2.2% of the company’s stock are short sold. Based on an average daily volume of 19,142,012 shares, the short-interest ratio is presently 1.3 days.
In related news, EVP David S. Anderson sold 9,006 shares of the stock in a transaction on Monday, August 29th. The shares were sold at an average price of $9.82, for a total value of $88,438.92. Following the transaction, the executive vice president now directly owns 110,233 shares of the company’s stock, valued at approximately $1,082,488.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Sandra E. Pierce sold 52,994 shares of the stock in a transaction 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 in the company, valued at $5,759,464.62. The disclosure for this sale can be found here. 1.65% of the stock is currently owned by company insiders.
Several institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in Huntington Bancshares by 4.3% in the second quarter. Vanguard Group Inc. now owns 76,653,889 shares of the company’s stock valued at $685,286,000 after buying an additional 3,157,180 shares in the last quarter. FMR LLC raised its position in Huntington Bancshares by 3.1% in the second quarter. FMR LLC now owns 65,946,684 shares of the company’s stock valued at $589,563,000 after buying an additional 1,995,364 shares in the last quarter. State Street Corp raised its position in Huntington Bancshares by 4.4% in the second quarter. State Street Corp now owns 44,499,941 shares of the company’s stock valued at $397,830,000 after buying an additional 1,860,756 shares in the last quarter. Boston Partners raised its position in Huntington Bancshares by 7.6% in the third quarter. Boston Partners now owns 32,384,128 shares of the company’s stock valued at $319,308,000 after buying an additional 2,277,678 shares in the last quarter. Finally, BlackRock Institutional Trust Company N.A. raised its position in Huntington Bancshares by 38.2% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 29,848,986 shares of the company’s stock valued at $294,311,000 after buying an additional 8,257,562 shares in the last quarter. Institutional investors and hedge funds own 62.32% of the company’s stock.
Huntington Bancshares (NASDAQ:HBAN) opened at 12.56 on Friday. The firm’s 50-day moving average is $10.84 and its 200 day moving average is $9.94. Huntington Bancshares has a 12-month low of $7.83 and a 12-month high of $12.68. The stock has a market capitalization of $13.62 billion, a P/E ratio of 17.74 and a beta of 1.16.
Huntington Bancshares (NASDAQ:HBAN) last released its quarterly earnings results on Wednesday, October 26th. The company reported $0.22 EPS for the quarter, topping the consensus estimate of $0.21 by $0.01. Huntington Bancshares had a net margin of 18.87% and a return on equity of 10.97%. During the same quarter last year, the company earned $0.18 earnings per share. Equities research analysts anticipate that Huntington Bancshares will post $0.73 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, January 2nd. Stockholders of record on Tuesday, December 20th will be given a dividend of $0.08 per share. The ex-dividend date is Friday, December 16th. This represents a $0.32 annualized dividend and a dividend yield of 2.55%. This is a positive change from Huntington Bancshares’s previous quarterly dividend of $0.07. Huntington Bancshares’s dividend payout ratio is currently 39.44%.
HBAN has been the topic of a number of recent analyst reports. Deutsche Bank AG raised shares of Huntington Bancshares from a “hold” rating to a “buy” rating and increased their target price for the company from $10.50 to $11.50 in a research report on Wednesday, September 28th. Jefferies Group reaffirmed a “buy” rating on shares of Huntington Bancshares in a research report on Thursday, August 4th. Macquarie raised shares of Huntington Bancshares from a “neutral” rating to an “outperform” rating and increased their target price for the company from $12.44 to $14.00 in a research report on Tuesday, November 22nd. FBR & Co downgraded shares of Huntington Bancshares from an “outperform” rating to a “market perform” rating and set a $11.00 target price on the stock. in a research report on Tuesday, October 11th. Finally, Zacks Investment Research raised shares of Huntington Bancshares from a “sell” rating to a “hold” rating in a research report on Tuesday, October 4th. Eleven research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $11.31.
About Huntington Bancshares
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.
Receive News & Stock Ratings for Huntington Bancshares Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Huntington Bancshares Inc. and related stocks with our FREE daily email newsletter.