Huntington Bancshares Incorporated (NASDAQ:HBAN) EVP Richard Remiker sold 1,722 shares of the business’s stock in a transaction on Thursday, May 4th. The stock was sold at an average price of $13.13, for a total transaction of $22,609.86. Following the completion of the sale, the executive vice president now owns 258,258 shares of the company’s stock, valued at $3,390,927.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Richard Remiker also recently made the following trade(s):
- On Tuesday, February 21st, Richard Remiker sold 673 shares of Huntington Bancshares stock. The stock was sold at an average price of $14.21, for a total transaction of $9,563.33.
- On Friday, February 17th, Richard Remiker sold 1,057 shares of Huntington Bancshares stock. The stock was sold at an average price of $14.02, for a total transaction of $14,819.14.
Huntington Bancshares (NASDAQ:HBAN) last posted its quarterly earnings data on Wednesday, April 19th. The bank reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.22 by $0.01. The firm had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.04 billion. Huntington Bancshares had a return on equity of 11.09% and a net margin of 18.11%. The firm’s quarterly revenue was up 39.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.20 EPS.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 3rd. Shareholders of record on Monday, June 19th will be given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 2.56%. The ex-dividend date of this dividend is Thursday, June 15th. Huntington Bancshares’s payout ratio is 47.06%.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Advantage Investment Management LLC purchased a new position in Huntington Bancshares during the fourth quarter valued at $101,000. Savant Capital LLC purchased a new position in Huntington Bancshares during the third quarter valued at $102,000. Lakeview Capital Partners LLC bought a new position in shares of Huntington Bancshares during the third quarter worth approximately $107,000. City Holding Co. boosted its position in shares of Huntington Bancshares by 17.5% in the first quarter. City Holding Co. now owns 8,057 shares of the bank’s stock worth $108,000 after buying an additional 1,200 shares during the last quarter. Finally, Checchi Capital Advisers LLC boosted its position in shares of Huntington Bancshares by 14.6% in the third quarter. Checchi Capital Advisers LLC now owns 11,178 shares of the bank’s stock worth $110,000 after buying an additional 1,424 shares during the last quarter. Hedge funds and other institutional investors own 70.49% of the company’s stock.
HBAN has been the subject of a number of analyst reports. Hilliard Lyons cut shares of Huntington Bancshares from a “buy” rating to a “neutral” rating in a research note on Thursday, January 26th. BMO Capital Markets restated a “buy” rating and issued a $16.00 price objective on shares of Huntington Bancshares in a research note on Friday, April 28th. FBR & Co boosted their price objective on shares of Huntington Bancshares from $14.00 to $15.00 and gave the stock a “market perform” rating in a research note on Wednesday, January 25th. Keefe, Bruyette & Woods set a $14.00 price objective on shares of Huntington Bancshares and gave the stock a “hold” rating in a research note on Monday, April 3rd. Finally, Zacks Investment Research cut shares of Huntington Bancshares from a “buy” rating to a “hold” rating in a research note on Wednesday, April 12th. Ten research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $13.96.
Huntington Bancshares Company Profile
Huntington Bancshares Incorporated (Huntington) is a bank holding company. Through its subsidiaries, including its bank subsidiary, The Huntington National Bank (the Bank), the Company provides commercial and consumer banking services, mortgage banking services, automobile financing, recreational vehicle and marine financing, equipment leasing, investment management, trust services, brokerage services, insurance programs, and other financial products and services.
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