Huntington Bancshares Incorporated (HBAN) Insider Helga Houston Sells 14,513 Shares
Huntington Bancshares Incorporated (NASDAQ:HBAN) insider Helga Houston sold 14,513 shares of the firm’s stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $13.77, for a total value of $199,844.01. Following the sale, the insider now owns 499,824 shares in the company, valued at approximately $6,882,576.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Huntington Bancshares Incorporated (HBAN) traded up $0.07 during trading hours on Friday, reaching $13.87. The company’s stock had a trading volume of 9,081,129 shares, compared to its average volume of 7,808,101. The company has a market capitalization of $14,992.72, a PE ratio of 14.45 and a beta of 1.34.
Huntington Bancshares (NASDAQ:HBAN) last released its quarterly earnings data on Wednesday, October 25th. The bank reported $0.23 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.02). Huntington Bancshares had a net margin of 20.76% and a return on equity of 11.96%. The company had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.10 billion. During the same period last year, the business earned $0.11 earnings per share. equities research analysts predict that Huntington Bancshares Incorporated will post 0.98 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Monday, December 18th will be given a $0.11 dividend. The ex-dividend date is Friday, December 15th. This is a positive change from Huntington Bancshares’s previous quarterly dividend of $0.08. This represents a $0.44 annualized dividend and a yield of 3.17%. Huntington Bancshares’s dividend payout ratio (DPR) is 39.51%.
Large investors have recently added to or reduced their stakes in the business. Sun Life Financial INC raised its position in Huntington Bancshares by 99,812.5% in the second quarter. Sun Life Financial INC now owns 7,993 shares of the bank’s stock valued at $108,000 after purchasing an additional 7,985 shares during the period. Chicago Partners Investment Group LLC purchased a new position in Huntington Bancshares in the second quarter valued at about $134,000. Verition Fund Management LLC purchased a new position in Huntington Bancshares in the second quarter valued at about $139,000. Bronfman E.L. Rothschild L.P. raised its position in Huntington Bancshares by 8.7% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 10,382 shares of the bank’s stock valued at $140,000 after purchasing an additional 834 shares during the period. Finally, Foster & Motley Inc. raised its position in Huntington Bancshares by 2.2% in the second quarter. Foster & Motley Inc. now owns 10,504 shares of the bank’s stock valued at $142,000 after purchasing an additional 224 shares during the period. 74.06% of the stock is currently owned by institutional investors.
Several equities research analysts have recently issued reports on the company. FBR & Co restated a “hold” rating and set a $14.00 price objective on shares of Huntington Bancshares in a report on Thursday, October 26th. Nomura raised their price objective on Huntington Bancshares from $16.00 to $17.00 and gave the stock a “buy” rating in a report on Thursday, October 26th. BMO Capital Markets cut Huntington Bancshares from an “outperform” rating to a “market perform” rating and set a $16.00 price objective on the stock. in a report on Thursday, October 26th. Piper Jaffray Companies restated a “buy” rating and set a $15.50 price objective on shares of Huntington Bancshares in a report on Tuesday, October 17th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $14.25 price objective on shares of Huntington Bancshares in a report on Friday, October 13th. One analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $15.22.
About Huntington Bancshares
Huntington Bancshares Incorporated (Huntington) is a bank holding company. Through its subsidiaries, including its bank subsidiary, The Huntington National Bank (the Bank), the Company provides commercial and consumer banking services, mortgage banking services, automobile financing, recreational vehicle and marine financing, equipment leasing, investment management, trust services, brokerage services, insurance programs, and other financial products and services.
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