Zachary Jacob Wasserman Sells 38,451 Shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) Stock

Huntington Bancshares Incorporated (NASDAQ:HBAN - Get Free Report) CFO Zachary Jacob Wasserman sold 38,451 shares of the stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $14.38, for a total transaction of $552,925.38. Following the transaction, the chief financial officer now owns 335,538 shares in the company, valued at $4,825,036.44. This trade represents a 10.28 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Huntington Bancshares Stock Up 0.4 %

HBAN traded up $0.06 during trading on Friday, reaching $15.01. The company had a trading volume of 23,622,206 shares, compared to its average volume of 16,066,520. 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 12 month low of $12.05 and a 12 month high of $18.45. The business's fifty day moving average price is $16.25 and its 200 day moving average price is $16.11. The company has a market cap of $21.92 billion, a P/E ratio of 12.08, a PEG ratio of 1.33 and a beta of 1.07.

Huntington Bancshares (NASDAQ:HBAN - Get Free Report) last announced its quarterly earnings data on Friday, January 17th. The bank reported $0.34 EPS for the quarter, topping analysts' consensus estimates of $0.31 by $0.03. Huntington Bancshares had a net margin of 16.23% and a return on equity of 11.23%. During the same period last year, the firm earned $0.27 EPS. Equities analysts anticipate 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 disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders 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 4.13%. The ex-dividend date of this dividend is Tuesday, March 18th. Huntington Bancshares's dividend payout ratio is presently 50.41%.

Wall Street Analyst Weigh In

HBAN has been the topic of a number of recent research reports. Baird R W upgraded shares of Huntington Bancshares from a "hold" rating to a "strong-buy" rating in a research report on Friday, March 7th. Truist Financial raised their price objective 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. Morgan Stanley dropped their price target on shares of Huntington Bancshares from $22.00 to $20.00 and set an "overweight" rating on the stock in a research report on Thursday, March 13th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $20.00 target price on shares of Huntington Bancshares in a research report on Tuesday, January 21st. Finally, Keefe, Bruyette & Woods increased their target price on shares of Huntington Bancshares from $16.00 to $19.00 and gave the stock a "market perform" rating in a research report on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $18.35.

Institutional Trading of Huntington Bancshares

A number of institutional investors have recently made changes to their positions in the business. Creative Capital Management Investments LLC increased its holdings in 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 buying an additional 1,578 shares during the last quarter. Y.D. More Investments Ltd increased its holdings in Huntington Bancshares by 126.8% during the fourth quarter. Y.D. More Investments Ltd now owns 1,830 shares of the bank's stock worth $30,000 after buying an additional 1,023 shares during the last quarter. Midwest Capital Advisors LLC acquired a new position in Huntington Bancshares during the fourth quarter worth $37,000. Transce3nd LLC acquired a new position in Huntington Bancshares during the fourth quarter worth $48,000. Finally, Asset Dedication LLC increased its holdings in Huntington Bancshares by 70.0% during the fourth quarter. Asset Dedication LLC now owns 3,061 shares of the bank's stock worth $50,000 after buying an additional 1,260 shares during the last quarter. Institutional investors 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.