A Look At Huntington Bancshares Incorporated (HBAN) Insider Buying

With 1.4 sell/buy ratio, Huntington Bancshares Incorporated (NASDAQ:HBAN) experienced more insider selling than insider buying over the last three months. Could this be a sign for outside investors to start selling as well? HBAN recorded 5 sales on the open market in the last three months. They sold nearly 52,685 shares while purchases amounted to 37,751 shares that period. Looking even further back to 12 months, corporate insiders offloaded 2,437,172 shares when buyers snapped up 919,216 shares. The 12-month’s totals signify about a 2.65-to-1 sell/buy ratio.

Ransier Kathleen H parted with a total of 4.82 thousand shares of Huntington Bancshares Incorporated (HBAN) at average share price of $14.53. This insider trade in the company took place on 11/29/2018. The total for the sales was set at $70.03 thousand. After this transaction, the Director account balance stood at 158.35 thousand shares. The stock lost -13.08 percent since that insider sale. On 11/13/2018, Houston Helga, Senior Exec. V. P., sold 42.61 thousand shares at a price per share of $14.66. This removed 624.63 thousand shares from the insider’s fortune and the stock saw a -13.85 percent retreat in value since the news became public. This transaction left 444.6 thousand shares in the Senior Exec. V. P. account.

On 10/30/2018, Director Neu Richard W performed a purchase transaction worth $93.69 thousand. This purchase at $13.88 each has added 6.75 thousand shares into the insider’s portfolio position. Meanwhile, shares have recorded -9.01 percent decrease since the transaction was reported. The insider now is left with 312.67 thousand shares remaining in the account. Steinour Stephen D, who performs the President, CEO & Chairman job, bought 17.49 thousand shares for $235.81 thousand. The acquisition occurred on 10/25/2018 was priced at $13.48 per share. The share price plunged -6.31 percent since the reporting date. Steinour Stephen D now left with a stake of 593.78 thousand HBAN stock worth $7.5 million after the insider buying.

The 12-month median price target for Huntington Bancshares Incorporated (HBAN) assigned by the analysts stands at $15.5, which represents a return potential of 22.72 percent when compared to the closing price of the stock of $12.63 on Friday, January 11. The lowest price target for the stock is $13 — slightly more than 2.93 percent from HBAN’s current share price. The stock will probably climb 21.3 percent over the next 12 months, according to price target estimates compiled by finviz. Meanwhile, they have set a $18-month high price target. This represents a whopping 42.52 percent increase from where shares are trading today.

On momentum oscillators front, ‘RSI’ has touched 50.44 on daily chart, which may remain a cause for concern. If the price breaks below $12.28 level on closing basis, then we may see more profit booking and the stock may show further weakness. On the flipside, hitting the $12.77 mark may result into a pull-back move towards $12.9 level. The stock is currently hovering around the first support level of $12.46. Below this, the next support is placed in the zone of $12.28. Till the time, the HBAN stock trades above this level, bulls have nothing to fear.

Shares of Huntington Bancshares Incorporated (HBAN) are trading at a P/E ratio of 12.84 times earnings reported for the past 12 months. The industry HBAN operates in has an average P/E of 18.6. Its P/E ratio went as low as 13.36X and as high as 18.79 over the 5-year span. Further, it is sporting a 3.52 on the Price-to-Sales ratio. Compare this with the industry average P/S of 7.82. 0 percent is the gross profit margin for Huntington Bancshares Incorporated and operating margin sits at 76.2 percent. Along with this, the net profit margin is 37.5 percent.

On 11th of January, Huntington Bancshares Incorporated (NASDAQ:HBAN) shares ended higher after a volatile session. The shares accumulated 0.07 points or 0.56 percent at $12.63 with a light trade volume of 8.15 million shares. After opening the session at $12.53, the shares went as high as $12.73 and as low as $12.42, the range within which the stock’s price traded throughout the day. The firm is left with a market cap of $13.3 billion and now has 1.06 billion shares outstanding. Huntington Bancshares Incorporated (HBAN) stock has lost -1.02 percent of market value in 21 trading days.

HBAN stock has a trailing 3-year beta of 1.37, offering the possibility of a higher rate of return, but also posing more risk. The portion of a company’s profit allocated to each outstanding share of common stock was $1.14 a share in the trailing twelve months. The stock’s value has surged 5.96 percent year to date (YTD) against a decline of -18.41 percent in 12 month’s time. The company’s shares still trade -23.92 percent away from its 1-year high of $16.60 and 13.58 percent up from 52-week low of $11.12. The average consensus rating on the company is 2.4, on a scale where 5 equates to a unanimous sell rating. In short, the mean analyst recommendations are calling this stock a sell.