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

Huntington Bancshares Incorporated (NASDAQ:HBAN - Get Free Report) VP Brendan A. Lawlor sold 721 shares of the business's stock in a transaction dated Thursday, March 27th. The shares were sold at an average price of $15.27, for a total transaction of $11,009.67. Following the completion of the sale, the vice president now directly owns 46,600 shares of the company's stock, valued at approximately $711,582. The trade was a 1.52 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

Huntington Bancshares Stock Up 0.8 %

Shares of HBAN traded up $0.13 during trading hours on Monday, reaching $14.92. 9,729,342 shares of the stock traded hands, compared to its average volume of 16,869,023. Huntington Bancshares Incorporated has a 52 week low of $12.05 and a 52 week high of $18.45. The company has a current ratio of 0.89, a quick ratio of 0.88 and a debt-to-equity ratio of 0.92. The stock has a fifty day simple moving average of $16.07 and a 200 day simple moving average of $16.16. The company has a market cap of $21.79 billion, a price-to-earnings ratio of 12.16, a PEG ratio of 1.33 and a beta of 1.07.

Huntington Bancshares (NASDAQ:HBAN - Get Free Report) last announced its 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 prior year, the firm posted $0.27 EPS. On average, equities analysts forecast that Huntington Bancshares Incorporated will post 1.39 EPS for the current year.

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Huntington Bancshares Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 18th will be given a dividend of $0.155 per share. This represents a $0.62 annualized dividend and a dividend yield of 4.16%. The ex-dividend date of this dividend is Tuesday, March 18th. Huntington Bancshares's dividend payout ratio is presently 50.41%.

Analysts Set New Price Targets

HBAN has been the subject of several recent research reports. Piper Sandler decreased their price target on shares of Huntington Bancshares from $17.50 to $17.00 and set an "underweight" rating for the company in a research report on Tuesday, January 21st. Citigroup reduced their target price on Huntington Bancshares from $20.00 to $18.00 and set a "buy" rating on the stock in a report on Monday, March 24th. Morgan Stanley decreased their price objective on shares of Huntington Bancshares from $22.00 to $20.00 and set an "overweight" rating for the company in a research report on Thursday, March 13th. Truist Financial upped their price target on shares of Huntington Bancshares from $19.00 to $21.00 and gave the company a "buy" rating in a research report on Tuesday, January 21st. Finally, JPMorgan Chase & Co. reiterated an "overweight" rating and issued a $20.00 price objective (up previously from $18.50) on shares of Huntington Bancshares in a research note on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Huntington Bancshares currently has a consensus rating of "Moderate Buy" and an average price target of $18.18.

Hedge Funds Weigh In On Huntington Bancshares

A number of hedge funds and other institutional investors have recently made changes to their positions in HBAN. State Street Corp raised its position in Huntington Bancshares by 10.3% in the third quarter. State Street Corp now owns 79,474,115 shares of the bank's stock worth $1,179,319,000 after acquiring an additional 7,439,909 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of Huntington Bancshares by 3.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 64,926,419 shares of the bank's stock worth $1,056,353,000 after purchasing an additional 2,218,020 shares during the period. Invesco Ltd. lifted its stake in Huntington Bancshares by 4.6% in the fourth quarter. Invesco Ltd. now owns 52,599,986 shares of the bank's stock valued at $855,802,000 after purchasing an additional 2,310,502 shares during the last quarter. Geode Capital Management LLC grew its holdings in Huntington Bancshares by 1.3% during the third quarter. Geode Capital Management LLC now owns 36,880,662 shares of the bank's stock valued at $540,422,000 after purchasing an additional 473,893 shares during the period. Finally, FMR LLC increased its position in Huntington Bancshares by 36.9% in the fourth quarter. FMR LLC now owns 32,479,039 shares of the bank's stock worth $528,434,000 after buying an additional 8,759,871 shares during the last quarter. 80.72% of the stock is owned by hedge funds and other institutional investors.

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.