Huntington Bancshares Incorporated (NASDAQ:HBAN) EVP Mark E. Thompson sold 17,337 shares of the business’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $15.06, for a total value of $261,095.22. Following the completion of the sale, the executive vice president now owns 684,559 shares of the company’s stock, valued at approximately $10,309,458.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Huntington Bancshares stock opened at $14.98 on Friday. The business has a fifty day moving average of $14.25 and a two-hundred day moving average of $13.70. The company has a quick ratio of 0.90, a current ratio of 0.91 and a debt-to-equity ratio of 0.92. The firm has a market cap of $15.36 billion, a P/E ratio of 12.48, a P/E/G ratio of 2.80 and a beta of 1.45. Huntington Bancshares Incorporated has a twelve month low of $11.12 and a twelve month high of $15.16.
Huntington Bancshares (NASDAQ:HBAN) last posted its earnings results on Thursday, October 24th. The bank reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.01. The company had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.17 billion. Huntington Bancshares had a return on equity of 13.83% and a net margin of 25.24%. Huntington Bancshares’s revenue was up 3.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.33 earnings per share. Equities analysts expect that Huntington Bancshares Incorporated will post 1.3 earnings per share for the current year.
A number of brokerages recently issued reports on HBAN. Nomura set a $14.00 price target on Huntington Bancshares and gave the company a “hold” rating in a report on Friday, July 26th. Bank of America lowered Huntington Bancshares from a “buy” rating to a “neutral” rating and set a $15.00 price target for the company. in a report on Friday, October 25th. ValuEngine upgraded Huntington Bancshares from a “sell” rating to a “hold” rating in a report on Tuesday, October 29th. BidaskClub upgraded Huntington Bancshares from a “sell” rating to a “hold” rating in a report on Monday, September 2nd. Finally, DA Davidson lowered Huntington Bancshares from a “buy” rating to a “neutral” rating and set a $16.00 price target for the company. in a report on Friday, September 13th. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $15.20.
A number of institutional investors have recently bought and sold shares of the business. First Allied Advisory Services Inc. lifted its holdings in Huntington Bancshares by 27.9% during the third quarter. First Allied Advisory Services Inc. now owns 66,187 shares of the bank’s stock worth $942,000 after buying an additional 14,441 shares during the period. Cetera Advisors LLC lifted its holdings in Huntington Bancshares by 40.7% during the third quarter. Cetera Advisors LLC now owns 61,510 shares of the bank’s stock worth $875,000 after buying an additional 17,787 shares during the period. Cetera Advisor Networks LLC lifted its holdings in Huntington Bancshares by 2.7% during the third quarter. Cetera Advisor Networks LLC now owns 34,874 shares of the bank’s stock worth $498,000 after buying an additional 921 shares during the period. Checchi Capital Advisers LLC purchased a new stake in Huntington Bancshares during the third quarter worth $178,000. Finally, Rational Advisors LLC lifted its holdings in Huntington Bancshares by 5,578.2% during the third quarter. Rational Advisors LLC now owns 4,429 shares of the bank’s stock worth $63,000 after buying an additional 4,351 shares during the period. Institutional investors own 75.61% of the company’s stock.
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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