Huntington Bancshares Insider Sells $110,985 in Stock (HBAN)
Huntington Bancshares (NASDAQ:HBAN) Insider Keith D. Sanders sold 11,188 shares of Huntington Bancshares stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $9.92, for a total value of $110,984.96. Following the sale, the insider now directly owns 91,045 shares in the company, valued at approximately $903,166. The transaction was disclosed in a filing with the SEC, which is available at this link.
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 investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $10.36.
Huntington Bancshares (NASDAQ:HBAN) traded down 0.20% on Wednesday, hitting $9.88. 1,879,741 shares of the company’s stock traded hands. Huntington Bancshares has a one year low of $8.04 and a one year high of $10.29. The stock has a 50-day moving average of $9.70 and a 200-day moving average of $9.51. The company has a market cap of $8.072 billion and a P/E ratio of 13.38.
Huntington Bancshares (NASDAQ:HBAN) last issued its quarterly earnings data 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 announced a quarterly dividend, which is scheduled for Wednesday, October 1st. Shareholders 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 2.02%. The ex-dividend date is Monday, September 15th.
Huntington Bancshares Incorporated (NASDAQ:HBAN) is a multi-state diversified regional bank holding company.
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