Huntington Bancshares Incorporated (NASDAQ:HBAN) Insider Kendall A. Kowalski Sells 15,711 Shares

Huntington Bancshares Incorporated (NASDAQ:HBAN) insider Kendall A. Kowalski sold 15,711 shares of the firm’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $13.84, for a total value of $217,440.24. Following the completion of the sale, the insider now directly owns 65,195 shares in the company, valued at approximately $902,298.80. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Huntington Bancshares Trading Down 0.5 %

Shares of Huntington Bancshares stock traded down $0.07 on Tuesday, hitting $13.85. 10,017,881 shares of the company’s stock traded hands, compared to its average volume of 17,256,449. The company has a fifty day moving average of $13.46 and a two-hundred day moving average of $12.44. Huntington Bancshares Incorporated has a one year low of $9.13 and a one year high of $14.07. The company has a market capitalization of $20.07 billion, a price-to-earnings ratio of 12.54, a price-to-earnings-growth ratio of 2.55 and a beta of 1.09. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.88 and a quick ratio of 0.88.

Huntington Bancshares (NASDAQ:HBAN) last posted its quarterly earnings results on Friday, April 19th. The bank reported $0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.03. The firm had revenue of $2.85 billion for the quarter, compared to analysts’ expectations of $1.74 billion. Huntington Bancshares had a return on equity of 11.99% and a net margin of 15.86%. During the same period in the prior year, the business earned $0.38 EPS. As a group, sell-side analysts expect that Huntington Bancshares Incorporated will post 1.21 earnings per share for the current year.

Huntington Bancshares Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Monday, June 17th will be paid a $0.155 dividend. This represents a $0.62 annualized dividend and a yield of 4.48%. The ex-dividend date is Friday, June 14th. Huntington Bancshares’s dividend payout ratio (DPR) is currently 55.86%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on HBAN. Morgan Stanley reissued an “overweight” rating and set a $16.00 target price on shares of Huntington Bancshares in a research note on Monday, April 22nd. JPMorgan Chase & Co. boosted their price objective on Huntington Bancshares from $15.00 to $16.00 and gave the stock a “neutral” rating in a research report on Thursday, April 4th. UBS Group upgraded Huntington Bancshares from a “neutral” rating to a “buy” rating and increased their target price for the company from $14.00 to $15.00 in a research report on Wednesday, February 14th. Citigroup boosted their price target on Huntington Bancshares from $14.00 to $15.00 and gave the stock a “buy” rating in a report on Thursday, January 25th. Finally, Jefferies Financial Group upgraded shares of Huntington Bancshares from a “hold” rating to a “buy” rating and lifted their target price for the stock from $14.00 to $16.00 in a research report on Monday, April 8th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Huntington Bancshares has an average rating of “Moderate Buy” and a consensus target price of $15.17.

Hedge Funds Weigh In On Huntington Bancshares

Institutional investors and hedge funds have recently made changes to their positions in the stock. Wetzel Investment Advisors Inc. acquired a new stake in Huntington Bancshares in the fourth quarter valued at approximately $29,000. Future Financial Wealth Managment LLC acquired a new position in Huntington Bancshares during the first quarter worth $29,000. Nemes Rush Group LLC raised its holdings in Huntington Bancshares by 140.9% during the fourth quarter. Nemes Rush Group LLC now owns 2,378 shares of the bank’s stock worth $30,000 after buying an additional 1,391 shares during the last quarter. YHB Investment Advisors Inc. bought a new position in shares of Huntington Bancshares in the first quarter valued at $30,000. Finally, Planned Solutions Inc. acquired a new position in shares of Huntington Bancshares during the fourth quarter valued at about $33,000. Institutional investors own 80.72% of the company’s stock.

About Huntington Bancshares

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.