Huntington Bancshares (NASDAQ:HBAN) Director James Rollins III Acquires 1,127 Shares

Huntington Bancshares Incorporated (NASDAQ:HBAN) Director James Rollins III purchased 1,127 shares of the firm’s stock in a transaction on Monday, March 9th. The stock was acquired at an average cost of $25.39 per share, with a total value of $28,614.53. Following the transaction, the director directly owned 4,000 shares in the company, valued at $101,560. This trade represents a 39.23% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through this link.

Huntington Bancshares Stock Down 1.2%

NASDAQ:HBAN traded down $0.19 during midday trading on Monday, reaching $16.12. The company had a trading volume of 39,493,730 shares, compared to its average volume of 36,461,992. The stock’s fifty day simple moving average is $17.70 and its 200-day simple moving average is $17.08. The company has a current ratio of 0.93, a quick ratio of 0.92 and a debt-to-equity ratio of 0.80. Huntington Bancshares Incorporated has a 12-month low of $11.91 and a 12-month high of $19.45. The firm has a market capitalization of $32.72 billion, a price-to-earnings ratio of 11.60, a PEG ratio of 0.66 and a beta of 0.95.

Huntington Bancshares (NASDAQ:HBAN) last announced its quarterly earnings data on Thursday, January 22nd. The bank reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.03). The company had revenue of $2.19 billion during the quarter, compared to analysts’ expectations of $2.21 billion. Huntington Bancshares had a net margin of 17.71% and a return on equity of 11.98%. During the same quarter in the previous year, the business posted $0.34 EPS. On average, sell-side analysts anticipate that Huntington Bancshares Incorporated will post 1.39 earnings per share for the current fiscal year.

Huntington Bancshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Wednesday, March 18th will be given a dividend of $0.155 per share. This represents a $0.62 annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend is Wednesday, March 18th. Huntington Bancshares’s payout ratio is 44.60%.

Analyst Ratings Changes

HBAN has been the topic of a number of analyst reports. Morgan Stanley raised their price target on Huntington Bancshares from $21.00 to $23.00 and gave the company an “overweight” rating in a research note on Monday, March 2nd. Raymond James Financial increased their price target on shares of Huntington Bancshares from $20.00 to $21.00 and gave the company a “strong-buy” rating in a research note on Friday, January 23rd. Keefe, Bruyette & Woods lowered their target price on shares of Huntington Bancshares from $20.00 to $19.50 and set a “market perform” rating for the company in a report on Friday, January 23rd. JPMorgan Chase & Co. lifted their price target on shares of Huntington Bancshares from $20.00 to $21.00 and gave the stock an “overweight” rating in a research note on Monday, February 9th. Finally, Argus boosted their price target on shares of Huntington Bancshares from $19.00 to $20.00 and gave the company a “buy” rating in a research report on Wednesday, January 28th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Huntington Bancshares currently has an average rating of “Moderate Buy” and a consensus target price of $20.78.

Hedge Funds Weigh In On Huntington Bancshares

Institutional investors have recently bought and sold shares of the company. Sagespring Wealth Partners LLC boosted its holdings in shares of Huntington Bancshares by 2.4% in the fourth quarter. Sagespring Wealth Partners LLC now owns 25,217 shares of the bank’s stock valued at $438,000 after acquiring an additional 587 shares in the last quarter. MCF Advisors LLC raised its holdings in Huntington Bancshares by 12.6% during the fourth quarter. MCF Advisors LLC now owns 5,438 shares of the bank’s stock worth $95,000 after purchasing an additional 609 shares in the last quarter. Parcion Private Wealth LLC lifted its position in Huntington Bancshares by 6.2% in the third quarter. Parcion Private Wealth LLC now owns 11,081 shares of the bank’s stock valued at $191,000 after purchasing an additional 648 shares during the period. Strategic Planning Inc. boosted its holdings in Huntington Bancshares by 0.3% in 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 in the last quarter. Finally, Rehmann Capital Advisory Group raised its stake in shares of Huntington Bancshares by 4.3% during the 3rd quarter. Rehmann Capital Advisory Group now owns 16,881 shares of the bank’s stock worth $292,000 after buying an additional 694 shares in the last quarter. 80.72% of the stock is owned by institutional investors and hedge funds.

Huntington Bancshares Company Profile

Huntington Bancshares Incorporated (NASDAQ: HBAN) is a bank holding company headquartered in Columbus, Ohio, that provides a broad range of banking and financial services through its principal subsidiary, Huntington National Bank. The company’s operations are centered on retail and commercial banking, and it serves individual consumers, small and middle-market businesses, and institutional customers.

Huntington’s product offerings include traditional deposit and lending products, consumer and commercial loans, mortgage origination and servicing, auto financing, and business banking solutions.