Zachary Wasserman, the Chief Financial Officer and Senior Executive Vice President of Huntington Bancshares Inc (HBAN, Financial), sold 8,644 shares of the company on November 13, 2024. The transaction was reported in a recent SEC Filing. Following this sale, the insider now owns 259,943.154 shares of Huntington Bancshares Inc.
Huntington Bancshares Inc operates as a bank holding company. It provides commercial, small business, consumer banking services, mortgage banking services, automobile financing, equipment leasing, investment management, trust services, brokerage services, customized insurance service programs, and other financial products and services.
Over the past year, Zachary Wasserman has sold a total of 71,644 shares and has not purchased any shares of the company. This recent sale is part of a broader trend observed within the company, where there have been 21 insider sells and no insider buys over the past year.
Shares of Huntington Bancshares Inc were trading at $17.63 on the day of the sale. The company has a market cap of approximately $25.70 billion. The price-earnings ratio stands at 17.01, which is above both the industry median of 10.81 and the company's historical median.
The stock's GF Value is estimated at $13.74, indicating a price-to-GF-Value ratio of 1.28. This suggests that Huntington Bancshares Inc is modestly overvalued based on its GF Value.
The GF Value is calculated considering historical trading multiples such as the price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, along with a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates from Morningstar analysts.
This insider sale might be of interest to investors tracking insider behaviors and evaluating the stock's valuation metrics in relation to its current trading price.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
