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.
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.
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).
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