Huntington Bancshares Incorporated (NASDAQ:HBAN) EVP Mark E. Thompson Sells 18,510 Shares

Share on StockTwits

Huntington Bancshares Incorporated (NASDAQ:HBAN) EVP Mark E. Thompson sold 18,510 shares of the firm’s stock in a transaction on Monday, January 28th. The shares were sold at an average price of $13.49, for a total transaction of $249,699.90. Following the completion of the transaction, the executive vice president now directly owns 667,175 shares of the company’s stock, valued at $9,000,190.75. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Shares of NASDAQ HBAN opened at $14.20 on Friday. The company has a market capitalization of $14.78 billion, a PE ratio of 11.83, a PEG ratio of 1.17 and a beta of 1.35. Huntington Bancshares Incorporated has a 52-week low of $11.12 and a 52-week high of $16.60. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.86 and a current ratio of 0.87.

Huntington Bancshares (NASDAQ:HBAN) last issued its earnings results on Thursday, January 24th. The bank reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.02). Huntington Bancshares had a return on equity of 13.93% and a net margin of 26.43%. The firm had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.16 billion. During the same quarter in the prior year, the company posted $0.26 EPS. On average, research analysts anticipate that Huntington Bancshares Incorporated will post 1.34 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 1st. Shareholders of record on Monday, March 18th will be issued a dividend of $0.14 per share. The ex-dividend date of this dividend is Friday, March 15th. This represents a $0.56 dividend on an annualized basis and a yield of 3.94%. Huntington Bancshares’s dividend payout ratio is currently 46.67%.

HBAN has been the topic of a number of analyst reports. Vining Sparks reiterated a “buy” rating and issued a $18.00 target price on shares of Huntington Bancshares in a research report on Thursday, January 24th. Sandler O’Neill cut shares of Huntington Bancshares from a “buy” rating to a “hold” rating and set a $16.00 target price on the stock. in a research report on Thursday, November 29th. They noted that the move was a valuation call. Raymond James lifted their target price on shares of Huntington Bancshares from $15.50 to $16.00 and gave the stock an “outperform” rating in a research report on Friday, November 16th. Wedbush cut shares of Huntington Bancshares from an “outperform” rating to a “neutral” rating and decreased their price objective for the company from $18.00 to $16.00 in a research report on Friday, November 2nd. Finally, ValuEngine cut shares of Huntington Bancshares from a “hold” rating to a “sell” rating in a research report on Friday, November 2nd. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $16.54.

A number of hedge funds have recently made changes to their positions in the business. BlackRock Inc. increased its holdings in Huntington Bancshares by 6.3% during the fourth quarter. BlackRock Inc. now owns 73,785,659 shares of the bank’s stock valued at $879,523,000 after buying an additional 4,341,210 shares during the last quarter. Boston Partners increased its stake in shares of Huntington Bancshares by 54.3% in the fourth quarter. Boston Partners now owns 49,450,631 shares of the bank’s stock worth $589,451,000 after purchasing an additional 17,411,546 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Huntington Bancshares by 5.1% in the fourth quarter. Geode Capital Management LLC now owns 14,526,595 shares of the bank’s stock worth $172,863,000 after purchasing an additional 709,854 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Huntington Bancshares by 13.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 14,117,471 shares of the bank’s stock worth $168,284,000 after purchasing an additional 1,714,381 shares in the last quarter. Finally, Bank of America Corp DE increased its stake in shares of Huntington Bancshares by 12.3% in the fourth quarter. Bank of America Corp DE now owns 13,837,096 shares of the bank’s stock worth $164,938,000 after purchasing an additional 1,512,128 shares in the last quarter. 78.29% of the stock is owned by institutional investors and hedge funds.

COPYRIGHT VIOLATION NOTICE: This piece was originally posted by Highlight Press and is the property of of Highlight Press. If you are viewing this piece on another publication, it was illegally stolen and republished in violation of US and international copyright & trademark legislation. The correct version of this piece can be read at https://highlightpress.com/2019/02/22/huntington-bancshares-incorporated-hban-evp-mark-e-thompson-sells-18510-shares-of-stock.html.

Huntington Bancshares Company Profile

Huntington Bancshares Incorporated operates as a holding company for The Huntington National Bank that provides commercial, small business, consumer, and mortgage banking services. The company operates through four business segments: Consumer and Business Banking, Commercial Banking, Vehicle Finance, and Regional Banking and The Huntington Private Client Group (RBHPCG).

Further Reading: Are all No-Load Funds Equal?

Insider Buying and Selling by Quarter for Huntington Bancshares (NASDAQ:HBAN)

Receive News & Ratings for Huntington Bancshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Huntington Bancshares and related companies with MarketBeat.com's FREE daily email newsletter.