Today, a Director at Huntington Bancshares Inc (NASDAQ: HBAN), David Porteous, sold shares of HBAN for $933.6K.
This is Porteous’ first Sell trade following 10 Buy transactions. Following David Porteous’ last HBAN Sell transaction on April 24, 2014, the stock climbed by 6.7%.
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Based on Huntington Bancshares Inc’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $1.22 billion and quarterly net profit of $326 million. In comparison, last year the company earned revenue of $1.13 billion and had a net profit of $208 million. HBAN’s market cap is $16.73B and the company has a P/E ratio of 13.74. Currently, Huntington Bancshares Inc has an average volume of 6.42M.
Based on 6 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $18.00, reflecting a -15.7% downside. Four different firms, including Barclays and Merrill Lynch, currently also have a Sell rating on the stock.
The insider sentiment on Huntington Bancshares Inc has been negative according to 123 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
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Huntington Bancshares, Inc. operates as a bank holding company. It 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.
