Finance

Are Investors Buying or Selling Huntington Bancshares Incorporated (HBAN), and What Should You Do?

Recent insider trends for Huntington Bancshares Incorporated (NASDAQ:HBAN) have caught the attention of investors. Analysts study insider data to get a sense of sense of what key shareholders think about the outlook for a particular stock. In the case of HBAN, the data has some interesting implications for where the stock might be headed.

Institutions own 76.23% of Huntington Bancshares Incorporated (HBAN)’s shares. The total value of these holdings, in millions, is $12,987. Among active positions in the latest quarter, 257 holders increased their positions by a total of 54.48 million shares, 247 holders decreased the positions by a total of 36.24 million shares, and 115 holders held their positions. This works out to a net increase in ownership of 18.24 million shares, and suggests that institutions are feeling bullish about the stock.

Among new and sold out positions, 51 holders initiated new positions by a total of 15.8 million shares and 49 holders exited their positions by a total of 6.16 million shares. This nets out to an increase of 9.63 million shares and is a bullish sign for HBAN.

In the last three months, insiders executed a total of 13 trades. 5 of these were buys and 8 were sells. Insider ownership decreased by a total of 377863 shares, which suggests that HBAN’s key executives are feeling less optimistic about the outlook for the stock. The data from the past twelve months tells a different story: insiders executed 79 buys and 66 sells, and ownership increased by a net of 904599 shares.



Analysts often look at short interest, or the number of shares currently being shorted by investors, to aid in their outlook for a particular stock. Huntington Bancshares Incorporated (NASDAQ:HBAN)’s short interest is 17.27 million shares, or 1.61% of the float. This represents a decrease of -26% in the number of shares being shorted compared to the previous reading, and implies that investors felt less pessimistic about the stock during the past two weeks.

Given what the insider ownership patterns are saying, it makes sense to consider the technicals to see if these pieces of information reach the same conclusion about the outlook for HBAN. A composite of 13 technical indicators that includes measures such as moving averages and momentum oscillators suggests that HBAN is a Strong buy, which implies that HBAN is expected to outperform the market based on prior trading patterns.

Conclusion




Institutional ownership trends suggest that the stock is cheap and the insider trading data indicates that insiders are bearish. Technical indicators (also) suggest that Huntington Bancshares Incorporated (NASDAQ:HBAN) is undervalued.

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