Huntington Bancshares Incorporated (NASDAQ:HBAN) VP Scott D. Kleinman Sells 69,088 Shares

Huntington Bancshares Incorporated (NASDAQ:HBAN - Get Free Report) VP Scott D. Kleinman sold 69,088 shares of the business's stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $14.67, for a total value of $1,013,520.96. Following the completion of the transaction, the vice president now directly owns 453,129 shares of the company's stock, valued at approximately $6,647,402.43. This trade represents a 13.23 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Huntington Bancshares Price Performance

Shares of HBAN stock traded up $0.06 during trading hours 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 quick ratio of 0.88 and a current ratio of 0.89. The stock has a fifty day moving average of $16.25 and a 200-day moving average of $16.11. The company has a market capitalization of $21.92 billion, a price-to-earnings ratio of 12.08, a PEG ratio of 1.33 and a beta of 1.07. Huntington Bancshares Incorporated has a 12-month low of $12.05 and a 12-month high of $18.45.

Huntington Bancshares (NASDAQ:HBAN - Get Free Report) last released its quarterly earnings data on Friday, January 17th. The bank reported $0.34 EPS for the quarter, beating 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 earned $0.27 EPS. On average, equities analysts anticipate that Huntington Bancshares Incorporated will post 1.39 earnings per share 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. Investors of record on Tuesday, March 18th will be issued a $0.155 dividend. This represents a $0.62 dividend on an annualized basis and a 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%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in HBAN. Norges Bank acquired a new position in Huntington Bancshares in the fourth quarter valued at approximately $302,826,000. Raymond James Financial Inc. acquired a new position in Huntington Bancshares during the fourth quarter worth $150,444,000. FMR LLC lifted its stake in Huntington Bancshares by 36.9% during the fourth quarter. FMR LLC now owns 32,479,039 shares of the bank's stock worth $528,434,000 after purchasing an additional 8,759,871 shares in the last quarter. State Street Corp lifted its stake in Huntington Bancshares by 10.3% during the third quarter. State Street Corp now owns 79,474,115 shares of the bank's stock worth $1,179,319,000 after purchasing an additional 7,439,909 shares in the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its stake in Huntington Bancshares by 126.6% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 7,048,773 shares of the bank's stock worth $114,684,000 after purchasing an additional 3,938,769 shares in the last quarter. 80.72% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently issued reports on HBAN. Barclays boosted their price objective on Huntington Bancshares from $17.00 to $19.00 and gave the company an "equal weight" rating in a report on Monday, January 6th. Piper Sandler cut their price target on Huntington Bancshares from $17.50 to $17.00 and set an "underweight" rating for the company in a research note on Tuesday, January 21st. Morgan Stanley cut their price target on Huntington Bancshares from $22.00 to $20.00 and set an "overweight" rating for the company in a research note on Thursday, March 13th. Truist Financial lifted their price target on Huntington Bancshares from $19.00 to $21.00 and gave the company a "buy" rating in a research note on Tuesday, January 21st. Finally, Royal Bank of Canada restated an "outperform" rating and issued a $20.00 price target on shares of Huntington Bancshares in a research note on Tuesday, January 21st. One investment 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.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $18.35.

Huntington Bancshares Company Profile

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.