Helga Houston Sells 6,455 Shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) Stock

Huntington Bancshares Incorporated (NASDAQ:HBAN) insider Helga Houston sold 6,455 shares of the company’s stock in a transaction on Wednesday, October 23rd. The stock was sold at an average price of $15.43, for a total transaction of $99,600.65. Following the completion of the transaction, the insider now directly owns 558,342 shares in the company, valued at approximately $8,615,217.06. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Helga Houston also recently made the following trade(s):

• On Monday, July 29th, Helga Houston sold 11,288 shares of Huntington Bancshares stock. The stock was sold at an average price of $15.02, for a total transaction of $169,545.76.

Huntington Bancshares Trading Up 0.1 %

Shares of Huntington Bancshares stock traded up $0.02 during trading on Thursday, reaching $15.56. 10,000,242 shares of the stock were exchanged, compared to its average volume of 16,189,573. The company has a quick ratio of 0.88, a current ratio of 0.89 and a debt-to-equity ratio of 0.96. The stock’s fifty day moving average is $14.68 and its 200 day moving average is $13.97. The firm has a market cap of $22.55 billion, a price-to-earnings ratio of 14.00, a price-to-earnings-growth ratio of 2.77 and a beta of 1.04. Huntington Bancshares Incorporated has a 1 year low of $9.25 and a 1 year high of $16.03.

Huntington Bancshares (NASDAQ:HBAN) last posted its earnings results on Thursday, October 17th. The bank reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.03. The company had revenue of $1.89 billion during the quarter, compared to analyst estimates of $1.86 billion. Huntington Bancshares had a net margin of 14.77% and a return on equity of 11.34%. During the same period in the prior year, the business posted $0.36 earnings per share. As a group, equities research analysts expect that Huntington Bancshares Incorporated will post 1.18 earnings per share for the current fiscal year.

Huntington Bancshares Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Wednesday, December 18th will be issued a dividend of $0.155 per share. The ex-dividend date is Wednesday, December 18th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 3.98%. Huntington Bancshares’s dividend payout ratio is currently 55.86%.

Institutional Trading of Huntington Bancshares

Institutional investors have recently modified their holdings of the company. Asset Dedication LLC boosted its holdings in shares of Huntington Bancshares by 200.7% during the third quarter. Asset Dedication LLC now owns 1,801 shares of the bank’s stock worth $26,000 after purchasing an additional 1,202 shares during the period. Future Financial Wealth Managment LLC purchased a new stake in Huntington Bancshares in the first quarter worth about $29,000. Peoples Bank KS purchased a new stake in Huntington Bancshares in the third quarter worth about $29,000. Hazlett Burt & Watson Inc. lifted its holdings in Huntington Bancshares by 695.5% in the second quarter. Hazlett Burt & Watson Inc. now owns 2,291 shares of the bank’s stock worth $30,000 after buying an additional 2,003 shares during the period. Finally, Register Financial Advisors LLC purchased a new stake in Huntington Bancshares in the first quarter worth about $40,000. 80.72% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

HBAN has been the topic of several research analyst reports. Barclays upped their price target on shares of Huntington Bancshares from $15.00 to $17.00 and gave the stock an “equal weight” rating in a report on Friday, October 18th. Bank of America increased their target price on Huntington Bancshares from $15.00 to $17.00 and gave the company a “buy” rating in a research note on Monday, July 22nd. Citigroup increased their target price on Huntington Bancshares from $17.00 to $18.00 and gave the company a “buy” rating in a research note on Monday, July 22nd. Evercore ISI reduced their target price on Huntington Bancshares from $17.50 to $17.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 2nd. Finally, Argus increased their target price on Huntington Bancshares from $15.00 to $16.00 and gave the company a “buy” rating in a research note on Monday, July 22nd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Huntington Bancshares has an average rating of “Moderate Buy” and an average target price of $16.03.

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.