Insider Selling: Daniel J. Neumeyer Unloads 26,750 Shares of Huntington Bancshares Stock (HBAN)
Huntington Bancshares (NASDAQ:HBAN) EVP Daniel J. Neumeyer sold 26,750 shares of Huntington Bancshares stock on the open market in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $9.68, for a total transaction of $258,940.00. Following the transaction, the executive vice president now directly owns 207,879 shares in the company, valued at approximately $2,012,269. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Huntington Bancshares (NASDAQ:HBAN) traded down 0.52% on Friday, hitting $9.62. 6,699,425 shares of the company’s stock traded hands. Huntington Bancshares has a 1-year low of $8.04 and a 1-year high of $10.29. The stock’s 50-day moving average is $9.67 and its 200-day moving average is $9.47. The company has a market cap of $7.860 billion and a P/E ratio of 13.07.
Huntington Bancshares (NASDAQ:HBAN) last posted its quarterly earnings results on Friday, July 18th. The company reported $0.19 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.18 by $0.01. The company had revenue of $716.80 million for the quarter, compared to the consensus estimate of $693.00 million. During the same quarter in the previous year, the company posted $0.17 earnings per share. The company’s revenue for the quarter was up 4.9% on a year-over-year basis. Analysts expect that Huntington Bancshares will post $0.74 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, October 1st. Stockholders of record on Wednesday, September 17th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 2.08%. The ex-dividend date is Monday, September 15th.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Huntington Bancshares in a research note on Thursday, August 7th. They now have a $10.00 price target on the stock. Separately, analysts at RBC Capital upgraded shares of Huntington Bancshares from a “sector perform” rating to an “outperform” rating in a research note on Thursday, July 31st. They now have a $12.00 price target on the stock, up previously from $11.00. Finally, analysts at Keefe, Bruyette & Woods upgraded shares of Huntington Bancshares from a “market perform” rating to an “outperform” rating in a research note on Tuesday, July 22nd. They now have a $11.50 price target on the stock, up previously from $10.00. Sixteen equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $10.36.
Huntington Bancshares Incorporated (NASDAQ:HBAN) is a multi-state diversified regional bank holding company.
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