Kendall A. Kowalski Sells 15,711 Shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) Stock

Huntington Bancshares Incorporated (NASDAQ:HBAN) insider Kendall A. Kowalski sold 15,711 shares of the stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $13.84, for a total value of $217,440.24. Following the transaction, the insider now owns 65,195 shares in the company, valued at $902,298.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Huntington Bancshares Price Performance

Shares of NASDAQ HBAN opened at $14.05 on Thursday. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.88. Huntington Bancshares Incorporated has a fifty-two week low of $9.13 and a fifty-two week high of $14.08. The business has a 50 day moving average price of $13.50 and a two-hundred day moving average price of $12.48. The firm has a market cap of $20.36 billion, a PE ratio of 12.66, a price-to-earnings-growth ratio of 2.55 and a beta of 1.09.

Huntington Bancshares (NASDAQ:HBAN) last released its quarterly earnings results on Friday, April 19th. The bank reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.03. The business had revenue of $2.85 billion during the quarter, compared to the consensus estimate of $1.74 billion. Huntington Bancshares had a net margin of 15.86% and a return on equity of 11.99%. During the same quarter last year, the company earned $0.38 earnings per share. Sell-side analysts expect that Huntington Bancshares Incorporated will post 1.21 earnings per share for the current fiscal year.

Huntington Bancshares Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Monday, June 17th will be given a dividend of $0.155 per share. The ex-dividend date is Friday, June 14th. This represents a $0.62 annualized dividend and a dividend yield of 4.41%. Huntington Bancshares’s payout ratio is 55.86%.

Institutional Trading of Huntington Bancshares

Several hedge funds and other institutional investors have recently bought and sold shares of HBAN. Foundry Partners LLC grew its position in shares of Huntington Bancshares by 3.6% in the 1st quarter. Foundry Partners LLC now owns 871,940 shares of the bank’s stock worth $12,164,000 after acquiring an additional 30,467 shares in the last quarter. State Board of Administration of Florida Retirement System lifted its stake in Huntington Bancshares by 2.1% during the first quarter. State Board of Administration of Florida Retirement System now owns 1,367,085 shares of the bank’s stock worth $19,071,000 after purchasing an additional 28,483 shares during the last quarter. Bleakley Financial Group LLC boosted its holdings in Huntington Bancshares by 3.6% in the first quarter. Bleakley Financial Group LLC now owns 53,274 shares of the bank’s stock worth $743,000 after purchasing an additional 1,851 shares during the period. Russell Investments Group Ltd. increased its stake in Huntington Bancshares by 4.0% during the first quarter. Russell Investments Group Ltd. now owns 1,096,627 shares of the bank’s stock valued at $15,276,000 after purchasing an additional 41,742 shares during the last quarter. Finally, Inspire Advisors LLC raised its holdings in shares of Huntington Bancshares by 12.9% during the first quarter. Inspire Advisors LLC now owns 100,104 shares of the bank’s stock worth $1,396,000 after purchasing an additional 11,405 shares during the period. 80.72% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have recently issued reports on HBAN shares. Evercore ISI boosted their price objective on shares of Huntington Bancshares from $15.00 to $16.00 and gave the company an “outperform” rating in a research note on Thursday, March 28th. Bank of America upgraded Huntington Bancshares from a “neutral” rating to a “buy” rating and upped their price target for the stock from $14.00 to $16.00 in a research note on Monday, April 8th. Jefferies Financial Group upgraded Huntington Bancshares from a “hold” rating to a “buy” rating and boosted their target price for the stock from $14.00 to $16.00 in a report on Monday, April 8th. DA Davidson upgraded shares of Huntington Bancshares from a “neutral” rating to a “buy” rating and raised their price target for the company from $14.00 to $15.50 in a report on Tuesday, February 27th. Finally, Stephens reiterated an “equal weight” rating and set a $15.00 price objective on shares of Huntington Bancshares in a research note on Monday, April 22nd. One analyst has rated the stock with a sell rating, six have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Huntington Bancshares currently has a consensus rating of “Moderate Buy” and an average price target of $15.17.

Huntington Bancshares Company Profile

Huntington Bancshares Incorporated operates as the bank holding company for The Huntington National Bank that provides commercial, consumer, and mortgage banking services in the United States. The company offers financial products and services to consumer and business customers, including deposits, lending, payments, mortgage banking, dealer financing, investment management, trust, brokerage, insurance, and other financial products and services.