Insider Selling: Huntington Bancshares Incorporated (HBAN) Director Sells $70,034.60 in Stock

Huntington Bancshares Incorporated (NASDAQ:HBAN) Director Kathleen H. Ransier sold 4,820 shares of Huntington Bancshares stock in a transaction dated Thursday, November 29th. The stock was sold at an average price of $14.53, for a total value of $70,034.60. Following the completion of the transaction, the director now directly owns 113,712 shares of the company’s stock, valued at approximately $1,652,235.36. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Shares of NASDAQ:HBAN opened at $14.59 on Friday. Huntington Bancshares Incorporated has a fifty-two week low of $13.13 and a fifty-two week high of $16.60. The company has a quick ratio of 0.89, a current ratio of 0.90 and a debt-to-equity ratio of 0.96. The stock has a market capitalization of $15.49 billion, a price-to-earnings ratio of 12.47, a price-to-earnings-growth ratio of 0.82 and a beta of 1.26.

Huntington Bancshares (NASDAQ:HBAN) last issued its earnings results on Tuesday, October 23rd. The bank reported $0.33 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.01. Huntington Bancshares had a return on equity of 13.73% and a net margin of 29.13%. The business had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.15 billion. During the same quarter in the previous year, the firm earned $0.25 EPS. Huntington Bancshares’s revenue was up 4.6% on a year-over-year basis. Sell-side analysts forecast that Huntington Bancshares Incorporated will post 1.21 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 2nd. Shareholders of record on Tuesday, December 18th will be given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 3.84%. The ex-dividend date of this dividend is Monday, December 17th. Huntington Bancshares’s dividend payout ratio (DPR) is 57.14%.

A number of large investors have recently modified their holdings of the business. Boston Partners raised its position in Huntington Bancshares by 2.2% in the 2nd quarter. Boston Partners now owns 30,774,781 shares of the bank’s stock worth $454,236,000 after buying an additional 648,176 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in Huntington Bancshares by 5.2% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 13,710,317 shares of the bank’s stock worth $204,558,000 after buying an additional 683,632 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Huntington Bancshares by 3.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 12,392,637 shares of the bank’s stock worth $182,931,000 after buying an additional 363,049 shares during the last quarter. Bank of New York Mellon Corp raised its position in Huntington Bancshares by 1.1% in the 3rd quarter. Bank of New York Mellon Corp now owns 8,671,432 shares of the bank’s stock worth $129,377,000 after buying an additional 98,561 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA raised its position in Huntington Bancshares by 5.9% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 7,394,784 shares of the bank’s stock worth $110,331,000 after buying an additional 408,719 shares during the last quarter. 76.42% of the stock is owned by institutional investors and hedge funds.

Several research firms have recently issued reports on HBAN. BidaskClub lowered Huntington Bancshares from a “buy” rating to a “hold” rating in a research report on Thursday, September 13th. Jefferies Financial Group lifted their price target on Huntington Bancshares from $17.00 to $18.00 and gave the stock a “buy” rating in a research report on Wednesday, August 8th. Zacks Investment Research raised Huntington Bancshares from a “hold” rating to a “buy” rating and set a $18.00 price target for the company in a research report on Tuesday, September 25th. Morgan Stanley reaffirmed a “hold” rating and issued a $17.50 price target (down previously from $17.75) on shares of Huntington Bancshares in a research report on Tuesday, September 18th. Finally, Vining Sparks reaffirmed a “buy” rating and issued a $19.00 price target on shares of Huntington Bancshares in a research report on Tuesday, October 9th. Fourteen analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $16.92.

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Huntington Bancshares Company Profile

Huntington Bancshares Incorporated operates as a holding company for The Huntington National Bank that provides commercial, small business, consumer, and mortgage banking services. The company operates through four business segments: Consumer and Business Banking, Commercial Banking, Vehicle Finance, and Regional Banking and The Huntington Private Client Group (RBHPCG).

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Insider Buying and Selling by Quarter for Huntington Bancshares (NASDAQ:HBAN)

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