Huntington Bancshares (NASDAQ:HBAN) issued its quarterly earnings results on Tuesday. The bank reported $0.26 EPS for the quarter, meeting the consensus estimate of $0.26, Bloomberg Earnings reports. Huntington Bancshares had a net margin of 20.76% and a return on equity of 11.96%. During the same quarter in the prior year, the business posted $0.18 EPS.
Huntington Bancshares (NASDAQ HBAN) traded up $0.22 during midday trading on Tuesday, hitting $16.03. 10,999,700 shares of the stock were exchanged, compared to its average volume of 10,444,379. The company has a current ratio of 0.88, a quick ratio of 0.87 and a debt-to-equity ratio of 0.96. Huntington Bancshares has a 1 year low of $12.14 and a 1 year high of $16.05. The company has a market capitalization of $17,340.00, a P/E ratio of 19.31, a PEG ratio of 1.24 and a beta of 1.33.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 2nd. Stockholders of record on Monday, March 19th will be paid a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 2.74%. Huntington Bancshares’s dividend payout ratio is presently 38.55%.
In related news, EVP Daniel J. Neumeyer sold 43,491 shares of the stock in a transaction that occurred on Tuesday, October 31st. The shares were sold at an average price of $13.88, for a total transaction of $603,655.08. Following the completion of the sale, the executive vice president now owns 427,270 shares of the company’s stock, valued at $5,930,507.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Helga Houston sold 14,513 shares of the stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $13.77, for a total transaction of $199,844.01. Following the sale, the insider now directly owns 499,824 shares of the company’s stock, valued at approximately $6,882,576.48. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by company insiders.
Huntington Bancshares Company Profile
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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