Huntington Bancshares Incorporated (NASDAQ:HBAN) VP Scott D. Kleinman Sells 69,088 Shares

Huntington Bancshares Incorporated (NASDAQ:HBAN) VP Scott D. Kleinman sold 69,088 shares of the firm’s stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $14.67, for a total transaction of $1,013,520.96. Following the sale, the vice president now owns 453,129 shares in the company, valued at approximately $6,647,402.43. The trade was a 13.23 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Huntington Bancshares Price Performance

NASDAQ HBAN opened at $14.90 on Tuesday. Huntington Bancshares Incorporated has a 52 week low of $12.05 and a 52 week high of $18.45. The firm has a market capitalization of $21.77 billion, a P/E ratio of 12.11, a PEG ratio of 1.33 and a beta of 1.07. The company has a quick ratio of 0.88, a current ratio of 0.89 and a debt-to-equity ratio of 0.92. The company has a 50-day moving average price of $16.34 and a 200-day moving average price of $16.13.

Huntington Bancshares (NASDAQ:HBAN) last released its quarterly earnings results on Friday, January 17th. The bank reported $0.34 EPS for the quarter, beating the consensus estimate of $0.31 by $0.03. Huntington Bancshares had a net margin of 16.23% and a return on equity of 11.23%. During the same quarter last year, the company posted $0.27 earnings per share. Equities research analysts anticipate that Huntington Bancshares Incorporated will post 1.39 earnings per share for the current year.

Huntington Bancshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 18th will be issued a dividend of $0.155 per share. This represents a $0.62 dividend on an annualized basis and a yield of 4.16%. The ex-dividend date is Tuesday, March 18th. Huntington Bancshares’s dividend payout ratio (DPR) is currently 50.41%.

Wall Street Analysts Forecast Growth

HBAN has been the subject of a number of analyst reports. Baird R W raised shares of Huntington Bancshares from a “hold” rating to a “strong-buy” rating in a research report on Friday, March 7th. The Goldman Sachs Group lifted their price objective on shares of Huntington Bancshares from $16.25 to $20.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. JPMorgan Chase & Co. restated an “overweight” rating and issued a $20.00 target price (up from $18.50) on shares of Huntington Bancshares in a research report on Wednesday, December 4th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $20.00 price target on shares of Huntington Bancshares in a report on Tuesday, January 21st. Finally, Citigroup boosted their target price on shares of Huntington Bancshares from $18.00 to $21.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Huntington Bancshares has a consensus rating of “Moderate Buy” and a consensus price target of $18.35.

Institutional Investors Weigh In On Huntington Bancshares

Institutional investors have recently added to or reduced their stakes in the stock. Wealth Enhancement Advisory Services LLC boosted its position in shares of Huntington Bancshares by 89.0% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 376,733 shares of the bank’s stock valued at $6,129,000 after acquiring an additional 177,356 shares during the last quarter. NorthCrest Asset Manangement LLC boosted its position in shares of Huntington Bancshares by 7.7% during the 4th quarter. NorthCrest Asset Manangement LLC now owns 12,013 shares of the bank’s stock valued at $195,000 after acquiring an additional 856 shares during the last quarter. Park Square Financial Group LLC bought a new position in shares of Huntington Bancshares during the 4th quarter valued at approximately $96,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Huntington Bancshares during the 4th quarter valued at approximately $12,500,000. Finally, Pinnacle Wealth Planning Services Inc. boosted its position in shares of Huntington Bancshares by 80.0% during the 4th quarter. Pinnacle Wealth Planning Services Inc. now owns 22,961 shares of the bank’s stock valued at $374,000 after acquiring an additional 10,202 shares during the last quarter. 80.72% of the stock is owned by hedge funds and other institutional investors.

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.