Huntington Bancshares Incorporated (NASDAQ:HBAN) VP Sells $1,013,520.96 in Stock

Huntington Bancshares Incorporated (NASDAQ:HBAN) VP Scott D. Kleinman sold 69,088 shares of the stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $14.67, for a total value of $1,013,520.96. Following the transaction, the vice president now owns 453,129 shares in the company, valued at $6,647,402.43. This trade represents a 13.23 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Huntington Bancshares Stock Performance

Huntington Bancshares stock opened at $14.97 on Thursday. Huntington Bancshares Incorporated has a 12-month low of $12.05 and a 12-month high of $18.45. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.89 and a quick ratio of 0.88. The company has a market capitalization of $21.87 billion, a price-to-earnings ratio of 12.17, a price-to-earnings-growth ratio of 1.33 and a beta of 1.07. The firm’s fifty day moving average price is $16.28 and its 200 day moving average price is $16.12.

Huntington Bancshares (NASDAQ:HBAN) last announced its earnings results on Friday, January 17th. The bank reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.03. Huntington Bancshares had a return on equity of 11.23% and a net margin of 16.23%. During the same quarter last year, the business earned $0.27 EPS. On average, research analysts forecast that Huntington Bancshares Incorporated will post 1.39 EPS for the current fiscal year.

Huntington Bancshares Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 18th will be given a $0.155 dividend. This represents a $0.62 dividend on an annualized basis and a dividend yield of 4.14%. The ex-dividend date is Tuesday, March 18th. Huntington Bancshares’s payout ratio is 50.41%.

Institutional Trading of Huntington Bancshares

A number of hedge funds have recently made changes to their positions in the stock. Creative Capital Management Investments LLC boosted its stake in Huntington Bancshares by 17,533.3% during the 4th quarter. Creative Capital Management Investments LLC now owns 1,587 shares of the bank’s stock valued at $26,000 after acquiring an additional 1,578 shares during the last quarter. Y.D. More Investments Ltd raised its stake in shares of Huntington Bancshares by 126.8% in the 4th quarter. Y.D. More Investments Ltd now owns 1,830 shares of the bank’s stock valued at $30,000 after purchasing an additional 1,023 shares in the last quarter. Midwest Capital Advisors LLC acquired a new position in Huntington Bancshares in the fourth quarter worth about $37,000. Transce3nd LLC bought a new stake in Huntington Bancshares in the fourth quarter valued at about $48,000. Finally, Asset Dedication LLC increased its holdings in Huntington Bancshares by 70.0% in the fourth quarter. Asset Dedication LLC now owns 3,061 shares of the bank’s stock valued at $50,000 after buying an additional 1,260 shares during the last quarter. Institutional investors and hedge funds own 80.72% of the company’s stock.

Analyst Upgrades and Downgrades

HBAN has been the topic of several recent analyst reports. Keefe, Bruyette & Woods increased their price objective on shares of Huntington Bancshares from $16.00 to $19.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $20.00 price target on shares of Huntington Bancshares in a research note on Tuesday, January 21st. Piper Sandler lowered their price objective on shares of Huntington Bancshares from $17.50 to $17.00 and set an “underweight” rating for the company in a research note on Tuesday, January 21st. Truist Financial upped their price objective on Huntington Bancshares from $19.00 to $21.00 and gave the stock a “buy” rating in a report on Tuesday, January 21st. Finally, Morgan Stanley lowered their price target on Huntington Bancshares from $22.00 to $20.00 and set an “overweight” rating for the company in a research report on Thursday, March 13th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $18.35.

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.