Insider Selling: Huntington Bancshares (NASDAQ:HBAN) Insider Sells $27,737.71 in Stock

Huntington Bancshares Incorporated (NASDAQ:HBAN) insider Kendall Kowalski sold 1,547 shares of the stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $17.93, for a total value of $27,737.71. Following the completion of the sale, the insider owned 115,643 shares in the company, valued at approximately $2,073,478.99. This trade represents a 1.32% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Huntington Bancshares Trading Up 0.7%

HBAN stock opened at $17.75 on Thursday. Huntington Bancshares Incorporated has a one year low of $11.91 and a one year high of $18.03. The stock has a market cap of $25.90 billion, a price-to-earnings ratio of 12.41, a price-to-earnings-growth ratio of 0.66 and a beta of 0.96. The company has a fifty day moving average price of $16.13 and a two-hundred day moving average price of $16.60. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.92 and a quick ratio of 0.91.

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

Huntington Bancshares Dividend Announcement

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

Institutional Trading of Huntington Bancshares

Several large investors have recently modified their holdings of the stock. Accurate Wealth Management LLC lifted its position in Huntington Bancshares by 3.5% during the 2nd quarter. Accurate Wealth Management LLC now owns 18,159 shares of the bank’s stock valued at $319,000 after acquiring an additional 611 shares during the period. LifeWealth Investments LLC increased its stake in shares of Huntington Bancshares by 2.3% during the second quarter. LifeWealth Investments LLC now owns 28,501 shares of the bank’s stock valued at $478,000 after purchasing an additional 632 shares in the last quarter. Parcion Private Wealth LLC lifted its holdings in shares of Huntington Bancshares by 6.2% during the third quarter. Parcion Private Wealth LLC now owns 11,081 shares of the bank’s stock valued at $191,000 after purchasing an additional 648 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in shares of Huntington Bancshares by 0.4% in the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 164,551 shares of the bank’s stock worth $2,758,000 after purchasing an additional 668 shares in the last quarter. Finally, Strategic Planning Inc. grew its stake in shares of Huntington Bancshares by 0.3% in the 3rd quarter. Strategic Planning Inc. now owns 199,318 shares of the bank’s stock worth $3,442,000 after buying an additional 670 shares during the last quarter. 80.72% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on HBAN shares. Piper Sandler upped their target price on Huntington Bancshares from $15.00 to $16.00 and gave the company an “underweight” rating in a research report on Wednesday, December 10th. Evercore ISI began coverage on Huntington Bancshares in a research note on Tuesday, October 21st. They issued an “outperform” rating and a $18.00 price target for the company. Keefe, Bruyette & Woods increased their price objective on Huntington Bancshares from $19.00 to $20.00 and gave the stock a “market perform” rating in a research report on Monday, October 20th. Raymond James Financial reissued a “strong-buy” rating and set a $20.00 target price (down previously from $21.00) on shares of Huntington Bancshares in a report on Monday, October 20th. Finally, Stephens upped their price target on shares of Huntington Bancshares from $18.00 to $19.00 in a research note on Friday, October 17th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $19.64.

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.