Huntington Bancshares (NASDAQ:HBAN) Director James Rollins III Buys 14,000 Shares of Company Stock

Huntington Bancshares Incorporated (NASDAQ:HBAN) Director James Rollins III purchased 14,000 shares of the stock in a transaction that occurred on Monday, October 26th. The shares were acquired at an average price of $18.12 per share, for a total transaction of $253,680.00. Following the completion of the transaction, the director directly owned 15,500 shares of the company’s stock, valued at $280,860. The trade was a 933.33% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Huntington Bancshares Stock Down 0.1%

Shares of NASDAQ HBAN opened at $15.70 on Thursday. Huntington Bancshares Incorporated has a 12-month low of $14.82 and a 12-month high of $19.45. The stock has a market cap of $31.72 billion, a PE ratio of 12.98, a P/E/G ratio of 1.00 and a beta of 0.95. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.59. The company has a 50-day moving average of $16.01 and a 200 day moving average of $16.72.

Huntington Bancshares (NASDAQ:HBAN) last released its quarterly earnings data on Thursday, October 22nd. The bank reported $0.38 EPS for the quarter, meeting analysts’ consensus estimates of $0.38. Huntington Bancshares had a net margin of 16.28% and a return on equity of 10.93%. The company had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.82 billion. During the same quarter in the prior year, the firm earned $0.41 EPS. As a group, sell-side analysts predict that Huntington Bancshares Incorporated will post 1.55 EPS for the current fiscal year.

Huntington Bancshares Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, January 4th. Stockholders of record on Friday, December 18th will be given a $0.1550 dividend. The ex-dividend date is Friday, December 18th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 3.9%. Huntington Bancshares’s dividend payout ratio is 51.24%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Weiss Ratings cut Huntington Bancshares from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday. Zacks Research lowered Huntington Bancshares from a “hold” rating to a “strong sell” rating in a research note on Monday, October 5th. JPMorgan Chase & Co. lowered their price objective on Huntington Bancshares from $19.50 to $17.50 and set an “overweight” rating on the stock in a research note on Friday, October 2nd. Morgan Stanley cut Huntington Bancshares from an “overweight” rating to an “equal weight” rating and dropped their target price for the company from $21.00 to $19.00 in a report on Friday, July 24th. Finally, Truist Financial cut their target price on Huntington Bancshares from $19.00 to $18.00 and set a “buy” rating for the company in a research note on Wednesday. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $18.95.

Hedge Funds Weigh In On Huntington Bancshares

A number of institutional investors have recently bought and sold shares of HBAN. Trust Co. of Vermont acquired a new position in Huntington Bancshares during the 2nd quarter worth about $29,000. TD Waterhouse Canada Inc. grew its position in Huntington Bancshares by 90.7% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 1,682 shares of the bank’s stock valued at $26,000 after acquiring an additional 800 shares in the last quarter. Johnson Financial Group Inc. acquired a new position in Huntington Bancshares in the 2nd quarter valued at about $31,000. N.E.W. Advisory Services LLC acquired a new position in Huntington Bancshares in the 2nd quarter valued at about $35,000. Finally, Livelsberger Financial Advisory purchased a new stake in Huntington Bancshares during the third quarter worth about $31,000. 80.72% of the stock is owned by hedge funds and other institutional investors.

Huntington Bancshares Company Profile

Huntington Bancshares Incorporated is a regional bank holding company headquartered in Columbus, Ohio. Its principal subsidiary, The Huntington National Bank, provides banking and financial services to consumers, businesses, institutions and government entities.

The company’s offerings include checking and savings accounts, consumer and residential lending, credit cards, auto finance, mortgages, commercial loans, treasury management, investment and wealth management services, insurance, and other financial solutions.