Huntington Bancshares Incorporated (NASDAQ:HBAN) CFO Sells $152,393.72 in Stock

Huntington Bancshares Incorporated (NASDAQ:HBAN - Get Free Report) CFO Zachary Jacob Wasserman sold 8,644 shares of the company's stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $17.63, for a total transaction of $152,393.72. Following the sale, the chief financial officer now owns 259,943 shares of the company's stock, valued at $4,582,795.09. The trade was a 3.22 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Huntington Bancshares Stock Up 0.9 %

Shares of NASDAQ HBAN traded up $0.16 during midday trading on Friday, reaching $17.69. The company's stock had a trading volume of 16,154,668 shares, compared to its average volume of 16,113,701. The company has a current ratio of 0.88, a quick ratio of 0.87 and a debt-to-equity ratio of 0.86. Huntington Bancshares Incorporated has a fifty-two week low of $10.73 and a fifty-two week high of $17.97. The stock has a 50 day simple moving average of $15.32 and a 200-day simple moving average of $14.30. The stock has a market capitalization of $25.70 billion, a price-to-earnings ratio of 16.86, a PEG ratio of 3.55 and a beta of 1.03.

Huntington Bancshares (NASDAQ:HBAN - Get Free Report) last announced its quarterly earnings data on Thursday, October 17th. The bank reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.03. Huntington Bancshares had a return on equity of 10.72% and a net margin of 14.19%. The company had revenue of $1.89 billion during the quarter, compared to analysts' expectations of $1.86 billion. During the same quarter last year, the company earned $0.36 EPS. Equities research analysts predict that Huntington Bancshares Incorporated will post 1.21 earnings per share for the current year.

Huntington Bancshares Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Wednesday, December 18th will be issued a $0.155 dividend. This represents a $0.62 annualized dividend and a dividend yield of 3.50%. The ex-dividend date of this dividend is Wednesday, December 18th. Huntington Bancshares's payout ratio is presently 59.62%.

Hedge Funds Weigh In On Huntington Bancshares

Hedge funds and other institutional investors have recently made changes to their positions in the company. WealthShield Partners LLC lifted its stake in Huntington Bancshares by 5.9% in the second quarter. WealthShield Partners LLC now owns 12,237 shares of the bank's stock valued at $163,000 after acquiring an additional 683 shares during the last quarter. UMB Bank n.a. increased its position in Huntington Bancshares by 19.1% during the third quarter. UMB Bank n.a. now owns 4,545 shares of the bank's stock worth $67,000 after buying an additional 728 shares during the last quarter. Foundations Investment Advisors LLC raised its stake in Huntington Bancshares by 3.2% in the second quarter. Foundations Investment Advisors LLC now owns 23,647 shares of the bank's stock valued at $312,000 after buying an additional 744 shares during the period. Summit Financial Strategies Inc. boosted its stake in shares of Huntington Bancshares by 2.5% during the 2nd quarter. Summit Financial Strategies Inc. now owns 30,955 shares of the bank's stock worth $408,000 after acquiring an additional 762 shares during the period. Finally, TCW Group Inc. increased its holdings in shares of Huntington Bancshares by 4.1% during the 2nd quarter. TCW Group Inc. now owns 20,235 shares of the bank's stock worth $267,000 after acquiring an additional 794 shares during the last quarter. 80.72% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Piper Sandler upped their price objective on Huntington Bancshares from $14.00 to $15.00 and gave the company an "underweight" rating in a report on Friday, October 18th. Citigroup increased their price target on shares of Huntington Bancshares from $17.00 to $18.00 and gave the company a "buy" rating in a research report on Monday, July 22nd. Morgan Stanley boosted their price objective on shares of Huntington Bancshares from $16.00 to $18.00 and gave the company an "overweight" rating in a report on Monday, August 5th. Argus increased their target price on shares of Huntington Bancshares from $15.00 to $16.00 and gave the stock a "buy" rating in a report on Monday, July 22nd. Finally, Evercore ISI boosted their price target on shares of Huntington Bancshares from $17.00 to $18.00 and gave the company an "outperform" rating in a report on Wednesday, October 30th. One analyst has rated the stock with a sell rating, six have given a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Huntington Bancshares has a consensus rating of "Moderate Buy" and a consensus price target of $16.09.

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.

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