Brantley Standridge Sells 5,830 Shares of Huntington Bancshares (NASDAQ:HBAN) Stock

Huntington Bancshares Incorporated (NASDAQ:HBAN) VP Brantley Standridge sold 5,830 shares of the firm’s stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $19.14, for a total value of $111,586.20. Following the sale, the vice president directly owned 327,676 shares in the company, valued at approximately $6,271,718.64. This trade represents a 1.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Huntington Bancshares Trading Up 1.3%

Shares of NASDAQ:HBAN opened at $19.27 on Friday. 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 $19.46. The business has a 50 day moving average of $17.72 and a two-hundred day moving average of $16.95. The company has a market capitalization of $30.35 billion, a PE ratio of 13.86, a PEG ratio of 0.78 and a beta of 0.96.

Huntington Bancshares (NASDAQ:HBAN) last posted its earnings results on Thursday, January 22nd. The bank reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.03). Huntington Bancshares had a net margin of 17.71% and a return on equity of 11.98%. The firm had revenue of $2.19 billion for the quarter, compared to analysts’ expectations of $2.21 billion. During the same period last year, the firm earned $0.34 earnings per share. As a group, analysts forecast that Huntington Bancshares Incorporated will post 1.39 EPS for the current year.

Huntington Bancshares Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Wednesday, March 18th will be paid a dividend of $0.155 per share. This represents a $0.62 annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend is Wednesday, March 18th. Huntington Bancshares’s dividend payout ratio is presently 44.60%.

Institutional Investors Weigh In On Huntington Bancshares

A number of hedge funds have recently modified their holdings of HBAN. Altrius Capital Management Inc purchased a new position in Huntington Bancshares in the third quarter worth approximately $4,894,000. Vanguard Personalized Indexing Management LLC raised its holdings in shares of Huntington Bancshares by 26.4% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 167,515 shares of the bank’s stock valued at $2,808,000 after purchasing an additional 35,014 shares in the last quarter. FineMark National Bank & Trust lifted its position in shares of Huntington Bancshares by 59.2% during the 2nd quarter. FineMark National Bank & Trust now owns 175,144 shares of the bank’s stock worth $2,935,000 after purchasing an additional 65,144 shares during the last quarter. Campbell & CO Investment Adviser LLC acquired a new position in shares of Huntington Bancshares during the third quarter worth $3,746,000. Finally, Commerzbank Aktiengesellschaft FI increased its holdings in Huntington Bancshares by 43.4% in the second quarter. Commerzbank Aktiengesellschaft FI now owns 94,979 shares of the bank’s stock valued at $1,592,000 after buying an additional 28,739 shares during the last quarter. 80.72% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

HBAN has been the subject of a number of analyst reports. DA Davidson reaffirmed a “buy” rating and issued a $21.00 price target on shares of Huntington Bancshares in a report on Tuesday, October 28th. Royal Bank Of Canada reiterated an “outperform” rating and set a $21.00 target price on shares of Huntington Bancshares in a research report on Monday, January 12th. Wolfe Research reissued an “outperform” rating and issued a $21.00 price target on shares of Huntington Bancshares in a research note on Wednesday, January 7th. Stephens upped their price objective on shares of Huntington Bancshares from $19.00 to $20.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 18th. Finally, National Bankshares set a $21.00 price objective on shares of Huntington Bancshares in a report on Wednesday. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $20.48.

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.