Huntington Bancshares (NASDAQ:HBAN) Insider Sells $44,161.80 in Stock

Huntington Bancshares Incorporated (NASDAQ:HBAN) insider Kendall Kowalski sold 2,481 shares of Huntington Bancshares stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $17.80, for a total transaction of $44,161.80. Following the transaction, the insider owned 71,566 shares of the company’s stock, valued at approximately $1,273,874.80. The trade was a 3.35% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Huntington Bancshares Price Performance

Shares of NASDAQ HBAN traded down $0.08 during trading on Monday, reaching $17.74. The company had a trading volume of 24,704,392 shares, compared to its average volume of 27,227,197. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 0.89. The stock has a market capitalization of $25.89 billion, a PE ratio of 12.41, a price-to-earnings-growth ratio of 0.67 and a beta of 0.96. Huntington Bancshares Incorporated has a twelve month low of $11.91 and a twelve month high of $18.04. The stock has a 50-day moving average price of $16.07 and a two-hundred day moving average price of $16.56.

Huntington Bancshares (NASDAQ:HBAN) last posted its quarterly earnings data on Monday, December 1st. The bank reported $0.67 EPS for the quarter. Huntington Bancshares had a net margin of 18.06% and a return on equity of 12.14%. The company had revenue of $580.00 million during the quarter. As a group, sell-side analysts predict that Huntington Bancshares Incorporated will post 1.39 earnings per share for the current year.

Huntington Bancshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 2nd. Shareholders of record on Thursday, December 18th will be issued a $0.155 dividend. The ex-dividend date is Thursday, December 18th. This represents a $0.62 dividend on an annualized basis and a yield of 3.5%. Huntington Bancshares’s payout ratio is currently 43.36%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Saranac Partners Ltd bought a new stake in Huntington Bancshares during the 3rd quarter valued at approximately $4,930,000. Swiss Life Asset Management Ltd increased its holdings in Huntington Bancshares by 3.4% in the 3rd quarter. Swiss Life Asset Management Ltd now owns 250,775 shares of the bank’s stock valued at $4,331,000 after buying an additional 8,360 shares during the period. Groupama Asset Managment acquired a new position in Huntington Bancshares in the third quarter worth about $268,000. CIBC Private Wealth Group LLC raised its holdings in shares of Huntington Bancshares by 1.0% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 354,431 shares of the bank’s stock worth $6,121,000 after buying an additional 3,448 shares in the last quarter. Finally, CIBC Bancorp USA Inc. bought a new position in shares of Huntington Bancshares during the third quarter valued at $3,487,000. Institutional investors own 80.72% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Morgan Stanley boosted their price objective on Huntington Bancshares from $19.00 to $23.00 and gave the company an “overweight” rating in a report on Monday, September 29th. Jefferies Financial Group increased their target price on shares of Huntington Bancshares from $19.00 to $20.00 and gave the company a “buy” rating in a research report on Monday, December 1st. Stephens lifted their price target on Huntington Bancshares from $18.00 to $19.00 in a research report on Friday, October 17th. Keefe, Bruyette & Woods raised their price objective on Huntington Bancshares from $19.00 to $20.00 and gave the stock a “market perform” rating in a research note on Monday, October 20th. Finally, Zacks Research lowered shares of Huntington Bancshares from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 2nd. Two analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $19.64.

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.