Huntington Bancshares Incorporated (NASDAQ:HBAN) EVP Paul G. Heller sold 33,772 shares of the stock in a transaction on Friday, May 17th. The stock was sold at an average price of $13.08, for a total transaction of $441,737.76. Following the sale, the executive vice president now 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 SEC, which is available through the SEC website.
Shares of HBAN traded down $0.07 during mid-day trading on Friday, reaching $13.36. 6,456,562 shares of the stock traded hands, compared to its average volume of 12,336,271. The company has a quick ratio of 0.89, a current ratio of 0.90 and a debt-to-equity ratio of 0.92. The firm has a market capitalization of $14.05 billion, a P/E ratio of 11.13, a P/E/G ratio of 1.13 and a beta of 1.38. Huntington Bancshares Incorporated has a 12-month low of $11.12 and a 12-month high of $16.52.
Huntington Bancshares (NASDAQ:HBAN) last issued its quarterly earnings results on Thursday, April 25th. The bank reported $0.32 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.32. The business had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.16 billion. Huntington Bancshares had a net margin of 26.24% and a return on equity of 14.20%. The business’s revenue was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.28 earnings per share. Equities analysts expect that Huntington Bancshares Incorporated will post 1.32 earnings per share for the current fiscal year.
A number of institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. boosted its holdings in shares of Huntington Bancshares by 17.5% during the first quarter. BlackRock Inc. now owns 86,682,134 shares of the bank’s stock valued at $1,099,129,000 after acquiring an additional 12,896,475 shares during the period. Boston Partners boosted its holdings in shares of Huntington Bancshares by 54.3% during the fourth quarter. Boston Partners now owns 49,450,631 shares of the bank’s stock valued at $589,451,000 after acquiring an additional 17,411,546 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Huntington Bancshares by 20.6% during the first quarter. JPMorgan Chase & Co. now owns 37,418,779 shares of the bank’s stock valued at $474,471,000 after acquiring an additional 6,400,061 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Huntington Bancshares by 7.0% during the first quarter. Geode Capital Management LLC now owns 15,543,392 shares of the bank’s stock valued at $196,754,000 after acquiring an additional 1,016,797 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its holdings in shares of Huntington Bancshares by 1.5% during the first quarter. The Manufacturers Life Insurance Company now owns 15,059,755 shares of the bank’s stock valued at $190,959,000 after acquiring an additional 221,076 shares during the period. 75.98% of the stock is owned by hedge funds and other institutional investors.
A number of brokerages have recently issued reports on HBAN. Zacks Investment Research upgraded shares of Huntington Bancshares from a “sell” rating to a “hold” rating in a report on Monday, May 6th. ValuEngine raised shares of Huntington Bancshares from a “sell” rating to a “hold” rating in a research note on Friday, May 3rd. BidaskClub raised shares of Huntington Bancshares from a “strong sell” rating to a “sell” rating in a research note on Tuesday. Finally, Argus assumed coverage on shares of Huntington Bancshares in a research note on Friday, May 31st. They issued a “hold” rating on the stock. One analyst has rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $16.10.
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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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