Insider Selling: Huntington Bancshares Insider Sells 8,651 Shares of Stock (HBAN)
Huntington Bancshares (NASDAQ:HBAN) Insider Keith D. Sanders sold 8,651 shares of Huntington Bancshares stock on the open market in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $9.81, for a total value of $84,866.31. Following the completion of the sale, the insider now directly owns 97,094 shares of the company’s stock, valued at approximately $952,492. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of Huntington Bancshares (NASDAQ:HBAN) traded up 0.30% during mid-day trading on Monday, hitting $9.87. The stock had a trading volume of 2,502,969 shares. 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 $9.69 and its 200-day moving average is $9.50. The company has a market cap of $8.064 billion and a P/E ratio of 13.30.
Huntington Bancshares (NASDAQ:HBAN) last issued its quarterly earnings data on Friday, July 18th. The company reported $0.19 earnings per share (EPS) for the quarter, beating the 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 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.
HBAN has been the subject of a number of recent research reports. 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 research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $10.36.
Huntington Bancshares Incorporated (NASDAQ:HBAN) is a multi-state diversified regional bank holding company.
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