Independent Director of Huntington Bancshares Picks Up 18% More Stock

Even if it's not a huge purchase, we think it was good to see that John Inglis, the Independent Director of Huntington Bancshares Incorporated (NASDAQ:HBAN) recently shelled out US$100k to buy stock, at US$15.30 per share. That purchase might not be huge but it did increase their holding by 18%.

We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free.

Huntington Bancshares Insider Transactions Over The Last Year

The Senior EVP and President of Consumer & Regional Banking, Brantley Standridge, made the biggest insider sale in the last 12 months. That single transaction was for US$964k worth of shares at a price of US$13.69 each. So it's clear an insider wanted to take some cash off the table, even below the current price of US$15.69. When an insider sells below the current price, it suggests that they considered that lower price to be fair. That makes us wonder what they think of the (higher) recent valuation. While insider selling is not a positive sign, we can't be sure if it does mean insiders think the shares are fully valued, so it's only a weak sign. We note that the biggest single sale was only 45% of Brantley Standridge's holding.

All up, insiders sold more shares in Huntington Bancshares than they bought, over the last year. The chart below shows insider transactions (by companies and individuals) over the last year. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

View our latest analysis for Huntington Bancshares

For those who like to find hidden gems this free list of small cap companies with recent insider purchasing, could be just the ticket.

Does Huntington Bancshares Boast High Insider Ownership?

For a common shareholder, it is worth checking how many shares are held by company insiders. We usually like to see fairly high levels of insider ownership. It's great to see that Huntington Bancshares insiders own 0.6% of the company, worth about US$155m. This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.

What Might The Insider Transactions At Huntington Bancshares Tell Us?

It is good to see the recent insider purchase. However, the longer term transactions are not so encouraging. The recent buying by an insider , along with high insider ownership, suggest that Huntington Bancshares insiders are fairly aligned, and optimistic. If you are like me, you may want to think about whether this company will grow or shrink. Luckily, you can check this free report showing analyst forecasts for its future.

But note: Huntington Bancshares may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.