Huntington Bancshares Incorporated (NASDAQ:HBAN) EVP Sells $441,737.76 in Stock

Share on StockTwits

Huntington Bancshares Incorporated (NASDAQ:HBAN) EVP Paul G. Heller sold 33,772 shares of the company’s stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $13.08, for a total value of $441,737.76. Following the completion of the sale, the executive vice president now directly owns 458,479 shares of the company’s stock, valued at approximately $5,996,905.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

NASDAQ:HBAN opened at $13.54 on Wednesday. Huntington Bancshares Incorporated has a one year low of $11.12 and a one year high of $16.52. The stock has a market capitalization of $14.05 billion, a P/E ratio of 11.28, a price-to-earnings-growth ratio of 1.11 and a beta of 1.37. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.89 and a current ratio of 0.90.

Huntington Bancshares (NASDAQ:HBAN) last announced its quarterly earnings data on Thursday, April 25th. The bank reported $0.32 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.32. Huntington Bancshares had a return on equity of 14.20% and a net margin of 26.24%. The firm had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.16 billion. During the same quarter in the prior year, the firm posted $0.28 earnings per share. Huntington Bancshares’s revenue for the quarter was up 5.2% compared to the same quarter last year. As a group, equities research analysts predict that Huntington Bancshares Incorporated will post 1.32 earnings per share for the current year.

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 paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 4.14%. The ex-dividend date is Friday, June 14th. Huntington Bancshares’s payout ratio is currently 46.67%.

A number of hedge funds and other institutional investors have recently made changes to their positions in HBAN. Candriam Luxembourg S.C.A. boosted its stake in Huntington Bancshares by 1.8% in the 4th quarter. Candriam Luxembourg S.C.A. now owns 209,974 shares of the bank’s stock worth $2,503,000 after purchasing an additional 3,624 shares during the period. BB&T Corp boosted its stake in Huntington Bancshares by 94.2% in the 4th quarter. BB&T Corp now owns 54,661 shares of the bank’s stock worth $652,000 after purchasing an additional 26,512 shares during the period. Claybrook Capital LLC acquired a new position in Huntington Bancshares in the 4th quarter worth $669,000. Thrivent Financial for Lutherans boosted its stake in Huntington Bancshares by 11.1% in the 4th quarter. Thrivent Financial for Lutherans now owns 7,819,659 shares of the bank’s stock worth $93,210,000 after purchasing an additional 782,027 shares during the period. Finally, Nordea Investment Management AB boosted its stake in Huntington Bancshares by 4.5% in the 3rd quarter. Nordea Investment Management AB now owns 362,555 shares of the bank’s stock worth $5,407,000 after purchasing an additional 15,486 shares during the period. Hedge funds and other institutional investors own 75.98% of the company’s stock.

Several equities research analysts have recently weighed in on HBAN shares. ValuEngine raised Huntington Bancshares from a “sell” rating to a “hold” rating in a research report on Friday, May 3rd. Zacks Investment Research raised Huntington Bancshares from a “sell” rating to a “hold” rating in a research report on Monday, May 6th. Argus started coverage on Huntington Bancshares in a research report on Friday, May 31st. They issued a “hold” rating for the company. Finally, BidaskClub raised Huntington Bancshares from a “strong sell” rating to a “sell” rating in a research report on Tuesday. One analyst has rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $16.10.

TRADEMARK VIOLATION WARNING: “Huntington Bancshares Incorporated (NASDAQ:HBAN) EVP Sells $441,737.76 in Stock” was reported by Tech Know Bits and is the property of of Tech Know Bits. If you are reading this report on another publication, it was stolen and republished in violation of U.S. & international copyright and trademark legislation. The correct version of this report can be viewed at https://techknowbits.com/2019/06/12/insider-selling-huntington-bancshares-incorporated-hban-evp-sells-33772-shares-of-stock.html.

About Huntington Bancshares

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 operates through four business segments: Consumer and Business Banking, Commercial Banking, Vehicle Finance, and Regional Banking and The Huntington Private Client Group (RBHPCG).

See Also: What is a conference call?

Insider Buying and Selling by Quarter for Huntington Bancshares (NASDAQ:HBAN)

Receive News & Ratings for Huntington Bancshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Huntington Bancshares and related companies with MarketBeat.com's FREE daily email newsletter.