Huntington Bancshares Incorporated (NASDAQ:HBAN) Insider Kendall A. Kowalski Sells 15,948 Shares of Stock

Huntington Bancshares Incorporated (NASDAQ:HBAN) insider Kendall A. Kowalski sold 15,948 shares of the business’s stock in a transaction on Wednesday, April 24th. The stock was sold at an average price of $13.47, for a total transaction of $214,819.56. Following the transaction, the insider now directly owns 21,102 shares in the company, valued at $284,243.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Huntington Bancshares Stock Down 1.3 %

Huntington Bancshares stock opened at $13.58 on Friday. The company has a 50-day simple moving average of $13.35 and a 200-day simple moving average of $12.23. The firm has a market capitalization of $19.66 billion, a P/E ratio of 12.23, a P/E/G ratio of 2.53 and a beta of 1.11. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.88 and a current ratio of 0.88. Huntington Bancshares Incorporated has a one year low of $9.13 and a one year high of $14.07.

Huntington Bancshares (NASDAQ:HBAN) last released its quarterly earnings results on Friday, April 19th. The bank reported $0.28 EPS for the quarter, topping the consensus estimate of $0.25 by $0.03. The business had revenue of $2.85 billion during the quarter, compared to analyst estimates of $1.74 billion. Huntington Bancshares had a net margin of 15.86% and a return on equity of 11.99%. During the same quarter in the prior year, the firm earned $0.38 earnings per share. As a group, equities analysts expect that Huntington Bancshares Incorporated will post 1.22 earnings per share for the current year.

Huntington Bancshares Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Monday, June 17th will be given a $0.155 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $0.62 dividend on an annualized basis and a yield of 4.57%. Huntington Bancshares’s dividend payout ratio is presently 55.86%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Stephens reaffirmed an “equal weight” rating and issued a $15.00 price target on shares of Huntington Bancshares in a report on Monday. Barclays raised shares of Huntington Bancshares from an “underweight” rating to an “equal weight” rating and upped their price target for the company from $12.00 to $15.00 in a report on Tuesday, January 2nd. Morgan Stanley reaffirmed an “overweight” rating and issued a $16.00 price target on shares of Huntington Bancshares in a report on Monday. Royal Bank of Canada upped their price target on shares of Huntington Bancshares from $15.00 to $16.00 and gave the company an “outperform” rating in a report on Tuesday, April 9th. Finally, Citigroup upped their price target on shares of Huntington Bancshares from $14.00 to $15.00 and gave the company a “buy” rating in a report on Thursday, January 25th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $15.17.

Hedge Funds Weigh In On Huntington Bancshares

A number of institutional investors and hedge funds have recently bought and sold shares of HBAN. Boston Partners grew its position in Huntington Bancshares by 59.3% in the 4th quarter. Boston Partners now owns 46,642,476 shares of the bank’s stock valued at $593,408,000 after buying an additional 17,365,446 shares in the last quarter. Norges Bank bought a new position in Huntington Bancshares in the 4th quarter valued at about $206,703,000. KBC Group NV grew its position in Huntington Bancshares by 715.0% in the 4th quarter. KBC Group NV now owns 4,251,631 shares of the bank’s stock valued at $54,081,000 after buying an additional 3,729,974 shares in the last quarter. Victory Capital Management Inc. grew its position in Huntington Bancshares by 23.7% in the 3rd quarter. Victory Capital Management Inc. now owns 17,925,067 shares of the bank’s stock valued at $186,421,000 after buying an additional 3,438,552 shares in the last quarter. Finally, Bank of Nova Scotia grew its position in Huntington Bancshares by 641.5% in the 4th quarter. Bank of Nova Scotia now owns 2,775,356 shares of the bank’s stock valued at $35,301,000 after buying an additional 2,401,067 shares in the last quarter. Institutional investors own 80.72% of the company’s stock.

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.