Insider Selling: Huntington Bancshares Incorporated (NASDAQ:HBAN) Insider Sells $214,819.56 in Stock

Huntington Bancshares Incorporated (NASDAQ:HBAN) insider Kendall A. Kowalski sold 15,948 shares of the stock in a transaction that occurred on Wednesday, April 24th. The shares were sold at an average price of $13.47, for a total transaction of $214,819.56. Following the sale, the insider now directly owns 21,102 shares of the company’s stock, valued at $284,243.94. The sale was disclosed in a document filed with the SEC, which is available through this link.

Huntington Bancshares Stock Down 0.2 %

NASDAQ HBAN opened at $13.55 on Friday. Huntington Bancshares Incorporated has a 52 week low of $9.13 and a 52 week high of $14.07. The firm has a market capitalization of $19.62 billion, a price-to-earnings ratio of 12.21, a PEG ratio of 2.50 and a beta of 1.11. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.88. The company has a fifty day moving average of $13.36 and a two-hundred day moving average of $12.27.

Huntington Bancshares (NASDAQ:HBAN) last released its quarterly earnings results on Friday, April 19th. The bank reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.03. The firm had revenue of $2.85 billion during the quarter, compared to analysts’ expectations of $1.74 billion. Huntington Bancshares had a net margin of 15.86% and a return on equity of 11.99%. During the same period in the previous year, the company earned $0.38 EPS. On average, analysts predict that Huntington Bancshares Incorporated will post 1.22 earnings per share for the current year.

Huntington Bancshares Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Monday, June 17th will be paid a dividend of $0.155 per share. The ex-dividend date of this dividend is Friday, June 14th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 4.58%. Huntington Bancshares’s dividend payout ratio is 55.86%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on HBAN shares. DA Davidson raised shares of Huntington Bancshares from a “neutral” rating to a “buy” rating and raised their target price for the company from $14.00 to $15.50 in a research note on Tuesday, February 27th. Citigroup raised their price objective on Huntington Bancshares from $14.00 to $15.00 and gave the company a “buy” rating in a research report on Thursday, January 25th. JPMorgan Chase & Co. boosted their target price on Huntington Bancshares from $15.00 to $16.00 and gave the stock a “neutral” rating in a research report on Thursday, April 4th. Stephens restated an “equal weight” rating and set a $15.00 price target on shares of Huntington Bancshares in a report on Monday, April 22nd. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $16.00 price objective on shares of Huntington Bancshares in a report on Monday, April 22nd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $15.17.

Institutional Investors Weigh In On Huntington Bancshares

Hedge funds and other institutional investors have recently modified their holdings of the business. SG Americas Securities LLC grew its position in Huntington Bancshares by 208.2% in the 3rd quarter. SG Americas Securities LLC now owns 72,404 shares of the bank’s stock valued at $753,000 after acquiring an additional 48,913 shares during the last quarter. DAVENPORT & Co LLC grew its holdings in shares of Huntington Bancshares by 5.9% in the third quarter. DAVENPORT & Co LLC now owns 252,970 shares of the bank’s stock worth $2,631,000 after purchasing an additional 14,146 shares during the last quarter. Caprock Group LLC increased its stake in Huntington Bancshares by 51.0% in the 3rd quarter. Caprock Group LLC now owns 25,311 shares of the bank’s stock worth $268,000 after buying an additional 8,550 shares during the period. Trinity Financial Advisors LLC lifted its holdings in Huntington Bancshares by 47.9% during the 3rd quarter. Trinity Financial Advisors LLC now owns 55,655 shares of the bank’s stock valued at $579,000 after buying an additional 18,025 shares in the last quarter. Finally, Czech National Bank boosted its position in Huntington Bancshares by 48.1% in the 3rd quarter. Czech National Bank now owns 253,060 shares of the bank’s stock valued at $2,632,000 after buying an additional 82,165 shares during the period. 80.72% of the stock is currently owned by hedge funds and other institutional investors.

About Huntington Bancshares

Huntington Bancshares Incorporated operates as the bank holding company for The Huntington National Bank that provides commercial, consumer, and mortgage banking services in the United States. The company offers financial products and services to consumer and business customers, including deposits, lending, payments, mortgage banking, dealer financing, investment management, trust, brokerage, insurance, and other financial products and services.