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.
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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).
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