Helga Houston Sells 6,455 Shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) Stock

Huntington Bancshares Incorporated (NASDAQ:HBAN - Get Free Report) insider Helga Houston sold 6,455 shares of the business's stock in a transaction dated Wednesday, October 23rd. The shares were sold at an average price of $15.43, for a total value of $99,600.65. Following the completion of the sale, the insider now directly owns 558,342 shares of the company's stock, valued at $8,615,217.06. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Helga Houston also recently made the following trade(s):

• On Monday, July 29th, Helga Houston sold 11,288 shares of Huntington Bancshares stock. The shares were sold at an average price of $15.02, for a total value of $169,545.76.

Huntington Bancshares Stock Performance

Huntington Bancshares stock traded up $0.02 during trading on Thursday, hitting $15.56. The stock had a trading volume of 10,000,242 shares, compared to its average volume of 16,189,573. Huntington Bancshares Incorporated has a 1 year low of $9.25 and a 1 year high of $16.03. The company has a quick ratio of 0.88, a current ratio of 0.89 and a debt-to-equity ratio of 0.96. The stock's 50 day moving average is $14.68 and its two-hundred day moving average is $13.97. The stock has a market cap of $22.55 billion, a price-to-earnings ratio of 14.00, a price-to-earnings-growth ratio of 2.77 and a beta of 1.04.

Huntington Bancshares (NASDAQ:HBAN - Get Free Report) last posted its quarterly earnings data on Thursday, October 17th. The bank reported $0.33 EPS for the quarter, beating the consensus estimate of $0.30 by $0.03. Huntington Bancshares had a return on equity of 11.34% and a net margin of 14.77%. The business had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $1.86 billion. During the same quarter in the prior year, the business earned $0.36 earnings per share. As a group, analysts predict that Huntington Bancshares Incorporated will post 1.18 EPS for the current year.

Huntington Bancshares Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Wednesday, December 18th will be given a dividend of $0.155 per share. The ex-dividend date is Wednesday, December 18th. This represents a $0.62 annualized dividend and a dividend yield of 3.98%. Huntington Bancshares's dividend payout ratio is currently 55.86%.

Wall Street Analysts Forecast Growth

HBAN has been the subject of a number of recent research reports. Jefferies Financial Group decreased their price objective on Huntington Bancshares from $16.00 to $15.00 and set a "buy" rating for the company in a report on Wednesday, July 3rd. JPMorgan Chase & Co. decreased their price objective on Huntington Bancshares from $17.00 to $16.50 and set an "overweight" rating for the company in a report on Thursday, June 27th. Keefe, Bruyette & Woods decreased their price objective on Huntington Bancshares from $15.00 to $14.50 and set a "market perform" rating for the company in a report on Tuesday, July 9th. Piper Sandler boosted their price objective on Huntington Bancshares from $14.00 to $15.00 and gave the stock an "underweight" rating in a report on Friday, October 18th. Finally, Robert W. Baird lowered Huntington Bancshares from an "outperform" rating to a "neutral" rating and set a $15.00 price objective for the company. in a report on Friday, July 26th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $16.03.

Institutional Investors Weigh In On Huntington Bancshares

Several institutional investors have recently made changes to their positions in the stock. WealthShield Partners LLC lifted its position in shares of Huntington Bancshares by 5.9% during the second quarter. WealthShield Partners LLC now owns 12,237 shares of the bank's stock worth $163,000 after acquiring an additional 683 shares in the last quarter. UMB Bank n.a. lifted its position in shares of 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 acquiring an additional 728 shares in the last quarter. Foundations Investment Advisors LLC lifted its position in shares of Huntington Bancshares by 3.2% during the second quarter. Foundations Investment Advisors LLC now owns 23,647 shares of the bank's stock worth $312,000 after acquiring an additional 744 shares in the last quarter. Summit Financial Strategies Inc. lifted its position in shares of Huntington Bancshares by 2.5% during the second quarter. Summit Financial Strategies Inc. now owns 30,955 shares of the bank's stock worth $408,000 after acquiring an additional 762 shares in the last quarter. Finally, State of Alaska Department of Revenue lifted its position in shares of Huntington Bancshares by 0.5% during the first quarter. State of Alaska Department of Revenue now owns 157,152 shares of the bank's stock worth $2,192,000 after acquiring an additional 780 shares in the last quarter. Hedge funds and other 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.

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