Brantley J. Standridge Sells 50,000 Shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) Stock

Huntington Bancshares Incorporated (NASDAQ:HBAN) VP Brantley J. Standridge sold 50,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $13.60, for a total value of $680,000.00. Following the completion of the transaction, the vice president now directly owns 385,409 shares of the company’s stock, valued at approximately $5,241,562.40. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Huntington Bancshares Stock Down 0.2 %

Shares of HBAN opened at $13.55 on Friday. The firm has a market capitalization of $19.62 billion, a price-to-earnings ratio of 12.21, a PEG ratio of 2.53 and a beta of 1.11. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.88 and a current ratio of 0.88. The business’s fifty day moving average price is $13.36 and its two-hundred day moving average price is $12.26. Huntington Bancshares Incorporated has a 52 week low of $9.13 and a 52 week high of $14.07.

Huntington Bancshares (NASDAQ:HBAN) last announced its quarterly earnings data on Friday, April 19th. The bank reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.03. The firm had revenue of $2.85 billion for the quarter, compared to analyst estimates of $1.74 billion. Huntington Bancshares had a return on equity of 11.99% and a net margin of 15.86%. During the same period last year, the company earned $0.38 EPS. On average, analysts predict that Huntington Bancshares Incorporated will post 1.22 earnings per share for the current year.

Huntington Bancshares Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Monday, June 17th will be given a $0.155 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $0.62 dividend on an annualized basis and a yield of 4.58%. Huntington Bancshares’s payout ratio is 55.86%.

Analyst Ratings Changes

Several equities analysts have commented on the company. Morgan Stanley reaffirmed an “overweight” rating and issued a $16.00 price target on shares of Huntington Bancshares in a report on Monday, April 22nd. Bank of America raised Huntington Bancshares from a “neutral” rating to a “buy” rating and increased their target price for the stock from $14.00 to $16.00 in a report on Monday, April 8th. UBS Group raised Huntington Bancshares from a “neutral” rating to a “buy” rating and increased their target price for the stock from $14.00 to $15.00 in a report on Wednesday, February 14th. Stephens reissued an “equal weight” rating and issued a $15.00 target price on shares of Huntington Bancshares in a report on Monday, April 22nd. Finally, Keefe, Bruyette & Woods increased their target price on Huntington Bancshares from $14.00 to $15.00 and gave the stock a “market perform” rating in a report on Friday, April 5th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $15.17.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of HBAN. Wetzel Investment Advisors Inc. acquired a new position in shares of Huntington Bancshares in the 4th quarter valued at $29,000. Future Financial Wealth Managment LLC acquired a new position in shares of Huntington Bancshares in the 1st quarter valued at $29,000. Nemes Rush Group LLC lifted its stake in shares of Huntington Bancshares by 140.9% in the 4th quarter. Nemes Rush Group LLC now owns 2,378 shares of the bank’s stock valued at $30,000 after purchasing an additional 1,391 shares during the period. YHB Investment Advisors Inc. acquired a new position in shares of Huntington Bancshares in the 1st quarter valued at $30,000. Finally, Planned Solutions Inc. acquired a new position in shares of Huntington Bancshares in the 4th quarter valued at $33,000. 80.72% of the stock is currently owned by institutional investors.

About Huntington Bancshares

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.