Huntington Bancshares (NASDAQ:HBAN) VP Scott Kleinman Sells 65,530 Shares

Huntington Bancshares Incorporated (NASDAQ:HBAN) VP Scott Kleinman sold 65,530 shares of the company’s stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $15.28, for a total transaction of $1,001,298.40. Following the completion of the sale, the vice president owned 481,676 shares of the company’s stock, valued at $7,360,009.28. This represents a 11.98% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Huntington Bancshares Stock Performance

HBAN traded up $0.07 on Monday, hitting $15.28. The company had a trading volume of 38,569,837 shares, compared to its average volume of 36,724,801. Huntington Bancshares Incorporated has a 1-year low of $11.91 and a 1-year high of $19.45. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.93 and a quick ratio of 0.92. The company’s fifty day moving average price is $17.53 and its 200 day moving average price is $17.03. The stock has a market cap of $31.13 billion, a price-to-earnings ratio of 10.99, a price-to-earnings-growth ratio of 0.61 and a beta of 0.95.

Huntington Bancshares (NASDAQ:HBAN) last announced its earnings results on Thursday, January 22nd. The bank reported $0.37 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.03). Huntington Bancshares had a return on equity of 11.98% and a net margin of 17.71%.The firm had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $2.21 billion. During the same quarter last year, the business earned $0.34 EPS. Equities analysts predict that Huntington Bancshares Incorporated will post 1.39 earnings per share for the current fiscal year.

Huntington Bancshares Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Wednesday, March 18th will be issued a dividend of $0.155 per share. The ex-dividend date is Wednesday, March 18th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 4.1%. Huntington Bancshares’s payout ratio is 44.60%.

Wall Street Analyst Weigh In

HBAN has been the topic of several research analyst reports. Jefferies Financial Group lowered their price objective on shares of Huntington Bancshares from $22.00 to $21.00 and set a “buy” rating on the stock in a research note on Thursday, March 5th. Wolfe Research restated an “outperform” rating and set a $21.00 price objective on shares of Huntington Bancshares in a report on Wednesday, January 7th. Evercore began coverage on shares of Huntington Bancshares in a research report on Tuesday, February 3rd. They set an “outperform” rating and a $21.00 price objective for the company. Keefe, Bruyette & Woods reduced their target price on shares of Huntington Bancshares from $20.00 to $19.50 and set a “market perform” rating for the company in a research note on Friday, January 23rd. Finally, Stephens lifted their target price on Huntington Bancshares from $19.00 to $20.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 18th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $20.63.

Institutional Investors Weigh In On Huntington Bancshares

Several institutional investors and hedge funds have recently bought and sold shares of HBAN. Vanguard Group Inc. raised its stake in shares of Huntington Bancshares by 8.1% in the 4th quarter. Vanguard Group Inc. now owns 191,319,041 shares of the bank’s stock valued at $3,319,385,000 after buying an additional 14,338,222 shares in the last quarter. State Street Corp increased its stake in Huntington Bancshares by 4.7% in the fourth quarter. State Street Corp now owns 77,228,656 shares of the bank’s stock valued at $1,351,806,000 after acquiring an additional 3,438,501 shares during the period. Wellington Management Group LLP increased its stake in Huntington Bancshares by 4,265.5% in the fourth quarter. Wellington Management Group LLP now owns 70,083,841 shares of the bank’s stock valued at $1,215,955,000 after acquiring an additional 68,478,435 shares during the period. Boston Partners raised its position in Huntington Bancshares by 3.9% in the third quarter. Boston Partners now owns 63,302,953 shares of the bank’s stock worth $1,091,615,000 after purchasing an additional 2,363,905 shares in the last quarter. Finally, Invesco Ltd. lifted its stake in Huntington Bancshares by 6.6% during the fourth quarter. Invesco Ltd. now owns 62,971,849 shares of the bank’s stock worth $1,092,562,000 after purchasing an additional 3,908,927 shares during the period. Institutional investors own 80.72% of the company’s stock.

About Huntington Bancshares

Huntington Bancshares Incorporated (NASDAQ: HBAN) is a bank holding company headquartered in Columbus, Ohio, that provides a broad range of banking and financial services through its principal subsidiary, Huntington National Bank. The company’s operations are centered on retail and commercial banking, and it serves individual consumers, small and middle-market businesses, and institutional customers.

Huntington’s product offerings include traditional deposit and lending products, consumer and commercial loans, mortgage origination and servicing, auto financing, and business banking solutions.