Insider Selling: Huntington Bancshares Incorporated (NASDAQ:HBAN) VP Sells $11,009.67 in Stock

Huntington Bancshares Incorporated (NASDAQ:HBAN) VP Brendan A. Lawlor sold 721 shares of the firm’s stock in a transaction that occurred on Thursday, March 27th. The stock was sold at an average price of $15.27, for a total transaction of $11,009.67. Following the sale, the vice president now owns 46,600 shares in the company, valued at approximately $711,582. This trade represents a 1.52 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Huntington Bancshares Price Performance

Shares of NASDAQ HBAN opened at $14.79 on Monday. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.89 and a quick ratio of 0.88. Huntington Bancshares Incorporated has a 1-year low of $12.05 and a 1-year high of $18.45. The company has a market capitalization of $21.60 billion, a price-to-earnings ratio of 12.02, a PEG ratio of 1.33 and a beta of 1.07. The business has a 50-day moving average of $16.07 and a 200-day moving average of $16.16.

Huntington Bancshares (NASDAQ:HBAN) last released its quarterly earnings results on Friday, January 17th. The bank reported $0.34 earnings per share 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 period in the previous year, the firm posted $0.27 earnings per share. On average, equities analysts anticipate that Huntington Bancshares Incorporated will post 1.39 EPS for the current fiscal year.

Huntington Bancshares Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, March 18th will be issued a dividend of $0.155 per share. This represents a $0.62 dividend on an annualized basis and a yield of 4.19%. The ex-dividend date of this dividend is Tuesday, March 18th. Huntington Bancshares’s payout ratio is 50.41%.

Analyst Upgrades and Downgrades

HBAN has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods lifted their price objective on Huntington Bancshares from $16.00 to $19.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. Truist Financial lifted their price target on Huntington Bancshares from $19.00 to $21.00 and gave the company a “buy” rating in a report on Tuesday, January 21st. Stephens reiterated an “equal weight” rating and set a $18.50 price objective on shares of Huntington Bancshares in a report on Friday, February 7th. StockNews.com upgraded shares of Huntington Bancshares from a “sell” rating to a “hold” rating in a report on Thursday, December 12th. Finally, Piper Sandler cut their price target on shares of Huntington Bancshares from $17.50 to $17.00 and set an “underweight” rating on the stock in a research note on Tuesday, January 21st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Huntington Bancshares has a consensus rating of “Moderate Buy” and a consensus price target of $18.18.

Hedge Funds Weigh In On Huntington Bancshares

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

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.