Insider Selling: Huntington Bancshares Incorporated (NASDAQ:HBAN) VP Sells $158,941.09 in Stock

Huntington Bancshares Incorporated (NASDAQ:HBAN) VP Rajeev Syal sold 11,627 shares of Huntington Bancshares stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $13.67, for a total transaction of $158,941.09. Following the completion of the transaction, the vice president now owns 329,607 shares of the company’s stock, valued at approximately $4,505,727.69. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Rajeev Syal also recently made the following trade(s):

• On Monday, April 29th, Rajeev Syal sold 27,265 shares of Huntington Bancshares stock. The shares were sold at an average price of $13.51, for a total value of $368,350.15.

Huntington Bancshares Trading Up 1.0 %

HBAN opened at $13.80 on Monday. The stock has a market capitalization of $20.00 billion, a P/E ratio of 12.43, a P/E/G ratio of 2.55 and a beta of 1.09. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.88. Huntington Bancshares Incorporated has a 12 month low of $9.13 and a 12 month high of $14.07. The firm’s fifty day simple moving average is $13.44 and its 200 day simple moving average is $12.39.

Huntington Bancshares (NASDAQ:HBAN) last posted its quarterly earnings data on Friday, April 19th. The bank reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.03. The company had revenue of $2.85 billion during the quarter, compared to analysts’ expectations of $1.74 billion. Huntington Bancshares had a return on equity of 11.99% and a net margin of 15.86%. During the same period in the prior year, the firm earned $0.38 earnings per share. As a group, research analysts anticipate that Huntington Bancshares Incorporated will post 1.21 EPS for the current fiscal year.

Huntington Bancshares Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Monday, June 17th will be paid a dividend of $0.155 per share. The ex-dividend date is Friday, June 14th. This represents a $0.62 annualized dividend and a dividend yield of 4.49%. Huntington Bancshares’s dividend payout ratio is currently 55.86%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on HBAN shares. Royal Bank of Canada raised their target price on Huntington Bancshares from $15.00 to $16.00 and gave the company an “outperform” rating in a research note on Tuesday, April 9th. Morgan Stanley reaffirmed an “overweight” rating and issued a $16.00 target price on shares of Huntington Bancshares in a research note on Monday, April 22nd. Jefferies Financial Group raised shares of Huntington Bancshares from a “hold” rating to a “buy” rating and increased their price target for the company from $14.00 to $16.00 in a research note on Monday, April 8th. Keefe, Bruyette & Woods boosted their price objective on shares of Huntington Bancshares from $14.00 to $15.00 and gave the stock a “market perform” rating in a research report on Friday, April 5th. Finally, Stephens reiterated an “equal weight” rating and issued a $15.00 price objective on shares of Huntington Bancshares in a research report on Monday, April 22nd. One research analyst has rated the stock with a sell rating, six have given a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $15.17.

Institutional Trading of Huntington Bancshares

A number of institutional investors have recently made changes to their positions in HBAN. Future Financial Wealth Managment LLC bought a new stake in Huntington Bancshares during the 1st quarter worth about $29,000. YHB Investment Advisors Inc. acquired a new stake in shares of Huntington Bancshares in the first quarter valued at about $30,000. Wetzel Investment Advisors Inc. bought a new stake in Huntington Bancshares during the fourth quarter worth about $29,000. Nemes Rush Group LLC boosted its position in Huntington Bancshares by 140.9% during the fourth quarter. Nemes Rush Group LLC now owns 2,378 shares of the bank’s stock valued at $30,000 after purchasing an additional 1,391 shares during the last quarter. Finally, Planned Solutions Inc. bought a new position in Huntington Bancshares in the fourth quarter valued at approximately $33,000. 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.