Huntington Bancshares Incorporated (HBAN) to Issue Quarterly Dividend of $0.16 on January 2nd

Huntington Bancshares Incorporated (NASDAQ:HBAN) announced a quarterly dividend on Friday, October 17th. Stockholders of record on Thursday, December 18th will be paid a dividend of 0.155 per share by the bank on Friday, January 2nd. This represents a c) annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend is Thursday, December 18th.

Huntington Bancshares has increased its dividend payment by an average of 0.0%per year over the last three years. Huntington Bancshares has a dividend payout ratio of 39.2% meaning its dividend is sufficiently covered by earnings. Analysts expect Huntington Bancshares to earn $1.57 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 39.5%.

Huntington Bancshares Stock Down 0.4%

HBAN opened at $17.74 on Tuesday. The stock has a market capitalization of $25.89 billion, a P/E ratio of 12.41, a price-to-earnings-growth ratio of 0.67 and a beta of 0.96. Huntington Bancshares has a one year low of $11.91 and a one year high of $18.04. The business’s 50-day simple moving average is $16.09 and its 200-day simple moving average is $16.57. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.91 and a current ratio of 0.92.

Huntington Bancshares (NASDAQ:HBAN) last issued its quarterly earnings data on Monday, December 1st. The bank reported $0.67 earnings per share (EPS) for the quarter. The company had revenue of $580.00 million for the quarter. Huntington Bancshares had a net margin of 18.06% and a return on equity of 12.14%. Analysts anticipate that Huntington Bancshares will post 1.39 EPS for the current year.

Insider Transactions at Huntington Bancshares

In related news, insider Kendall A. Kowalski sold 2,481 shares of the stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $17.80, for a total transaction of $44,161.80. Following the sale, the insider owned 71,566 shares in the company, valued at $1,273,874.80. This represents a 3.35% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John C. Inglis bought 6,506 shares of the firm’s stock in a transaction on Tuesday, November 4th. The stock was bought at an average price of $15.30 per share, with a total value of $99,541.80. Following the completion of the purchase, the director owned 89,831 shares of the company’s stock, valued at $1,374,414.30. This trade represents a 7.81% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last ninety days, insiders have sold 87,863 shares of company stock valued at $1,396,634. Company insiders own 0.89% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HBAN. Accurate Wealth Management LLC increased its position in Huntington Bancshares by 3.5% in the second quarter. Accurate Wealth Management LLC now owns 18,159 shares of the bank’s stock worth $319,000 after buying an additional 611 shares during the period. LifeWealth Investments LLC grew its position in shares of Huntington Bancshares by 2.3% during the second quarter. LifeWealth Investments LLC now owns 28,501 shares of the bank’s stock worth $478,000 after acquiring an additional 632 shares during the last quarter. Parcion Private Wealth LLC increased its holdings in shares of Huntington Bancshares by 6.2% in the 3rd quarter. Parcion Private Wealth LLC now owns 11,081 shares of the bank’s stock worth $191,000 after acquiring an additional 648 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in Huntington Bancshares by 0.4% in the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 164,551 shares of the bank’s stock valued at $2,758,000 after purchasing an additional 668 shares during the last quarter. Finally, Strategic Planning Inc. boosted its stake in Huntington Bancshares by 0.3% during the 3rd quarter. Strategic Planning Inc. now owns 199,318 shares of the bank’s stock valued at $3,442,000 after purchasing an additional 670 shares during the period. Institutional investors and hedge funds own 80.72% of the company’s stock.

Huntington Bancshares Company Profile

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.