Zachary Jacob Wasserman Sells 38,451 Shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) Stock

Huntington Bancshares Incorporated (NASDAQ:HBAN) CFO Zachary Jacob Wasserman sold 38,451 shares of the business’s stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $14.38, for a total value of $552,925.38. Following the completion of the sale, the chief financial officer now directly owns 335,538 shares of the company’s stock, valued at $4,825,036.44. The trade was a 10.28 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Huntington Bancshares Trading Down 0.9 %

Shares of Huntington Bancshares stock opened at $14.76 on Wednesday. Huntington Bancshares Incorporated has a 52-week low of $12.05 and a 52-week high of $18.45. The stock’s 50-day simple moving average is $16.30 and its 200 day simple moving average is $16.13. The stock has a market capitalization of $21.56 billion, a P/E ratio of 12.00, a P/E/G ratio of 1.33 and a beta of 1.07. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.88 and a current ratio of 0.89.

Huntington Bancshares (NASDAQ:HBAN) last announced its quarterly earnings data on Friday, January 17th. The bank reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.03. Huntington Bancshares had a return on equity of 11.23% and a net margin of 16.23%. During the same period in the previous year, the company posted $0.27 EPS. As a group, research analysts anticipate that Huntington Bancshares Incorporated will post 1.39 EPS for the current year.

Huntington Bancshares Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 18th will be issued a dividend of $0.155 per share. This represents a $0.62 dividend on an annualized basis and a yield of 4.20%. The ex-dividend date is Tuesday, March 18th. Huntington Bancshares’s payout ratio is presently 50.41%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Arvest Bank Trust Division purchased a new position in Huntington Bancshares during the 3rd quarter valued at about $2,381,000. Mediolanum International Funds Ltd purchased a new position in shares of Huntington Bancshares during the fourth quarter worth about $422,000. Donoghue Forlines LLC purchased a new position in shares of Huntington Bancshares during the fourth quarter worth about $1,460,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Huntington Bancshares by 5.6% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 844,466 shares of the bank’s stock worth $12,414,000 after purchasing an additional 44,662 shares in the last quarter. Finally, Petiole USA ltd purchased a new position in shares of Huntington Bancshares during the third quarter worth about $3,454,000. Hedge funds and other institutional investors own 80.72% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on HBAN. Baird R W raised Huntington Bancshares from a “hold” rating to a “strong-buy” rating in a research report on Friday, March 7th. JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a $20.00 target price (up from $18.50) on shares of Huntington Bancshares in a research report on Wednesday, December 4th. Robert W. Baird raised Huntington Bancshares from a “neutral” rating to an “outperform” rating and set a $18.00 target price for the company in a research report on Friday, March 7th. Morgan Stanley decreased their price objective on Huntington Bancshares from $22.00 to $20.00 and set an “overweight” rating for the company in a report on Thursday, March 13th. Finally, Citigroup boosted their price objective on Huntington Bancshares from $18.00 to $21.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $18.35.

About Huntington Bancshares

Huntington Bancshares Incorporated operates as the bank holding company for The Huntington National Bank that provides commercial, consumer, and mortgage banking services in the United States. The company offers financial products and services to consumer and business customers, including deposits, lending, payments, mortgage banking, dealer financing, investment management, trust, brokerage, insurance, and other financial products and services.