Don’t ignore the fact that this insider just sold shares of Huntington Bancshares Incorporated (NASDAQ: HBAN)


Anyone interested in Huntington Bancshares Incorporated (NASDAQ: HBAN) should probably know that Senior Executive Vice President and General Counsel Jana Litsey recently sold US $ 101,000 of shares in the company, at an average price of US $ 16.75 each. On the plus side, this sale was only 8.3% of their stake, so we doubt it was very meaningful, on its own.

Huntington Bancshares Insider Trading Over the Past Year

The largest insider sale in the past twelve months was when insider Sandra Pierce sold $ 2.7 million of shares at a price of $ 15.71 per share. This means that even when the share price was below the current price of US $ 16.68, an insider wanted to cash in some shares. When an insider sells below the current price, it suggests that he or she considered that lower price to be fair. This makes us wonder what they think of the recent (higher) valuation. However, while insider selling can be daunting at times, this is only a weak signal. We note that the biggest single sale was only 35% of Sandra Pierce’s stake.

Huntington Bancshares insiders have not bought any shares in the past year. The chart below shows insider trading (by companies and individuals) over the past year. By clicking on the graph below, you can see the precise detail of each insider trade!

NasdaqGS: HBAN Insider Trading Volume October 24, 2021

If you like to buy stocks that insiders buy rather than sell, then you might like this free list of companies. (Hint: insiders bought them).

Insider ownership

I like to look at how many shares insiders own in a company, to help inform my perspective on their alignment with insiders. We generally like to see fairly high levels of insider ownership. Huntington Bancshares insiders own about $ 221 million in shares (or 0.9% of the company). I like to see this level of insider ownership because it increases the chances that management is thinking in the best interests of shareholders.

So what does this data suggest about Huntington Bancshares insiders?

Insiders haven’t bought shares of Huntington Bancshares in the past three months, but there have been sales. Looking at the past twelve months, our data shows no insider buying. But it is good to see that Huntington Bancshares is increasing its profits. It’s good to see strong insider ownership, but insider selling leaves us cautious. So these insider trading can help us build a stock thesis, but it’s also worth knowing the risks this business faces. In terms of investment risks, we have identified 2 warning signs with Huntington Bancshares and understanding them should be part of your investment process.

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

For the purposes of this article, insiders are the persons who report their transactions to the relevant regulatory body. We currently account for open market transactions and private assignments, but not derivative transactions.

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

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


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