Insider Selling: Huntington Bancshares (NASDAQ:HBAN) SVP Sells $47,610.00 in Stock

Huntington Bancshares Incorporated (NASDAQ:HBAN) SVP Donnell White sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 3rd. The stock was sold at an average price of $15.87, for a total transaction of $47,610.00. Following the completion of the transaction, the senior vice president owned 23,697 shares of the company’s stock, valued at approximately $376,071.39. The trade was a 11.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Huntington Bancshares Stock Down 0.9%

HBAN stock opened at $15.47 on Friday. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.59. The stock has a market capitalization of $31.26 billion, a P/E ratio of 12.79, a P/E/G ratio of 1.03 and a beta of 0.97. The firm has a 50-day simple moving average of $15.84 and a 200-day simple moving average of $16.65. Huntington Bancshares Incorporated has a 52 week low of $14.82 and a 52 week high of $19.45.

Huntington Bancshares (NASDAQ:HBAN) last announced its quarterly earnings results on Thursday, October 22nd. The bank reported $0.38 EPS for the quarter, hitting the consensus estimate of $0.38. Huntington Bancshares had a return on equity of 10.93% and a net margin of 16.28%. The company had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.82 billion. During the same period in the prior year, the firm posted $0.41 earnings per share. Equities analysts forecast that Huntington Bancshares Incorporated will post 1.54 earnings per share for the current fiscal year.

Huntington Bancshares Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 4th. Investors of record on Friday, December 18th will be issued a dividend of $0.1550 per share. The ex-dividend date of this dividend is Friday, December 18th. This represents a $0.62 annualized dividend and a dividend yield of 4.0%. Huntington Bancshares’s dividend payout ratio (DPR) is currently 51.24%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Wolfe Research downgraded shares of Huntington Bancshares from an “outperform” rating to a “peer perform” rating in a report on Tuesday, October 27th. Zacks Research lowered Huntington Bancshares from a “hold” rating to a “strong sell” rating in a research report on Monday, October 5th. Wells Fargo & Company decreased their target price on shares of Huntington Bancshares from $21.00 to $19.00 and set an “overweight” rating on the stock in a research report on Friday, October 23rd. Truist Financial lowered their target price on Huntington Bancshares from $19.00 to $18.00 and set a “buy” rating for the company in a research report on Wednesday, October 28th. Finally, Citigroup dropped their price target on shares of Huntington Bancshares from $21.00 to $19.00 and set a “buy” rating on the stock in a research note on Monday, October 26th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, Huntington Bancshares currently has an average rating of “Moderate Buy” and an average target price of $18.89.

Institutional Investors Weigh In On Huntington Bancshares

Institutional investors have recently bought and sold shares of the stock. BankPlus Trust Department bought a new stake in Huntington Bancshares in the 3rd quarter worth about $778,000. Aberdeen Group plc boosted its position in shares of Huntington Bancshares by 26.1% during the 3rd quarter. Aberdeen Group plc now owns 1,444,424 shares of the bank’s stock worth $22,042,000 after acquiring an additional 298,605 shares in the last quarter. William Blair Investment Management LLC raised its position in Huntington Bancshares by 7.3% in the third quarter. William Blair Investment Management LLC now owns 12,365 shares of the bank’s stock worth $189,000 after acquiring an additional 839 shares in the last quarter. Allworth Financial LP increased its position in Huntington Bancshares by 5.8% during the third quarter. Allworth Financial LP now owns 48,920 shares of the bank’s stock worth $747,000 after purchasing an additional 2,688 shares during the last quarter. Finally, Fisher Asset Management LLC lifted its stake in Huntington Bancshares by 9.5% during the third quarter. Fisher Asset Management LLC now owns 3,415,958 shares of the bank’s stock worth $52,128,000 after purchasing an additional 296,886 shares during the last quarter. Institutional investors own 80.72% of the company’s stock.

Huntington Bancshares Company Profile

Huntington Bancshares Incorporated is a regional bank holding company headquartered in Columbus, Ohio. Its principal subsidiary, The Huntington National Bank, provides consumer and commercial banking services to individuals, businesses, and institutions. The company traces its roots to 1866, when P.W. Huntington & Company opened in Columbus.

Huntington’s offerings include checking and savings accounts, credit cards, mortgages, auto loans, business lending, treasury management, wealth management, and investment services.