Huntington Bancshares (NASDAQ:HBAN) Director David L. Porteous sold 62,000 shares of the company’s stock in a transaction dated Thursday, May 24th. The shares were sold at an average price of $15.06, for a total transaction of $933,720.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.
HBAN traded down $0.09 during midday trading on Friday, reaching $15.06. The company’s stock had a trading volume of 289,042 shares, compared to its average volume of 7,234,983. The stock has a market cap of $16.73 billion, a PE ratio of 15.38, a price-to-earnings-growth ratio of 1.06 and a beta of 1.34. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.88 and a current ratio of 0.88. Huntington Bancshares has a 1 year low of $12.14 and a 1 year high of $16.60.
Huntington Bancshares (NASDAQ:HBAN) last announced its quarterly earnings data on Tuesday, April 24th. The bank reported $0.28 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.28. The business had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.10 billion. Huntington Bancshares had a net margin of 26.97% and a return on equity of 12.64%. The business’s revenue was up 3.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.21 earnings per share. equities research analysts predict that Huntington Bancshares will post 1.21 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 2nd. Shareholders of record on Monday, June 18th will be issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 2.92%. The ex-dividend date of this dividend is Friday, June 15th. Huntington Bancshares’s dividend payout ratio (DPR) is presently 44.90%.
Institutional investors and hedge funds have recently made changes to their positions in the business. JNBA Financial Advisors purchased a new stake in Huntington Bancshares in the first quarter worth about $440,000. Stelac Advisory Services LLC purchased a new stake in shares of Huntington Bancshares during the first quarter valued at approximately $131,000. SWS Partners purchased a new stake in shares of Huntington Bancshares during the fourth quarter valued at approximately $126,000. Institutional & Family Asset Management LLC purchased a new stake in shares of Huntington Bancshares during the first quarter valued at approximately $140,000. Finally, IHT Wealth Management LLC grew its holdings in shares of Huntington Bancshares by 164.4% during the first quarter. IHT Wealth Management LLC now owns 9,421 shares of the bank’s stock valued at $138,000 after buying an additional 5,858 shares during the last quarter. Institutional investors and hedge funds own 75.26% of the company’s stock.
Several equities analysts have recently commented on HBAN shares. ValuEngine raised shares of Huntington Bancshares from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. BidaskClub raised shares of Huntington Bancshares from a “hold” rating to a “buy” rating in a research note on Tuesday, April 24th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $17.00 price target on shares of Huntington Bancshares in a research note on Tuesday, February 27th. Zacks Investment Research downgraded shares of Huntington Bancshares from a “buy” rating to a “hold” rating in a research note on Tuesday, February 13th. Finally, Hilliard Lyons raised shares of Huntington Bancshares from a “neutral” rating to a “buy” rating and set a $17.00 price target for the company in a research note on Friday, February 9th. Ten equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Huntington Bancshares presently has a consensus rating of “Buy” and a consensus target price of $16.98.
Huntington Bancshares Company Profile
Huntington Bancshares Incorporated operates as a holding company for The Huntington National Bank that provides commercial, small business, consumer, and mortgage banking services. The company's Consumer and Business Banking segment offers financial products and services, such as checking accounts, savings accounts, money market accounts, certificates of deposit, consumer loans, and small business loans; and investments, mortgages, insurance, interest rate risk protection, and foreign exchange and treasury management services.
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