Huntington Bancshares EVP David S. Anderson Unloads 18,134 Shares (HBAN)
Huntington Bancshares (NASDAQ:HBAN) EVP David S. Anderson unloaded 18,134 shares of the stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $9.71, for a total value of $176,081.14. Following the completion of the sale, the executive vice president now directly owns 132,714 shares of the company’s stock, valued at approximately $1,288,653. The sale was disclosed in a document filed with the SEC, which is available at this link.
A number of analysts have recently weighed in on HBAN shares. 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 assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $10.36.
Huntington Bancshares (NASDAQ:HBAN) traded up 0.10% during mid-day trading on Wednesday, hitting $9.70. The stock had a trading volume of 3,497,615 shares. Huntington Bancshares has a 1-year low of $8.04 and a 1-year high of $10.29. The stock has a 50-day moving average of $9.67 and a 200-day moving average of $9.4. The company has a market cap of $7.925 billion and a P/E ratio of 13.09.
Huntington Bancshares (NASDAQ:HBAN) last announced its earnings results on Friday, July 18th. The company reported $0.19 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.17 earnings per share. The company’s quarterly revenue was up 4.9% on a year-over-year basis. Analysts expect that Huntington Bancshares will post $0.74 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, October 1st. Shareholders of record on Wednesday, September 17th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 2.06%. The ex-dividend date of this dividend is Monday, September 15th.
Huntington Bancshares Incorporated (NASDAQ:HBAN) is a multi-state diversified regional bank holding company.
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