Insider Selling: Keith D. Sanders Unloads 3,178 Shares of Huntington Bancshares Stock (HBAN)
Huntington Bancshares (NASDAQ:HBAN) Insider Keith D. Sanders sold 3,178 shares of Huntington Bancshares stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $9.74, for a total transaction of $30,953.72. Following the sale, the insider now directly owns 93,774 shares in the company, valued at approximately $913,359. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
A number of research firms have recently commented on HBAN. 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 investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $10.36.
Shares of Huntington Bancshares (NASDAQ:HBAN) traded up 1.29% during mid-day trading on Thursday, hitting $9.84. The stock had a trading volume of 4,988,372 shares. Huntington Bancshares has a 52-week low of $8.04 and a 52-week high of $10.29. The stock’s 50-day moving average is $9.69 and its 200-day moving average is $9.49. The company has a market cap of $8.039 billion and a P/E ratio of 13.13.
Huntington Bancshares (NASDAQ:HBAN) last posted its quarterly 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. On average, analysts predict 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. Stockholders 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 2.03%. 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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