Huntington Bancshares Inc. Reaches New 12-Month High at $8.85 (HBAN)
Shares of Huntington Bancshares (NASDAQ:HBAN) hit a new 52-week high on Thursday, American Banking News.com reports. The company traded as high as $8.85 and last traded at $8.77, with a volume of 14,248,729 shares trading hands. The stock had previously closed at $8.60.
A number of research firms have recently commented on HBAN. Analysts at ISI Group initiated coverage on shares of Huntington Bancshares in a research note to investors on Tuesday, October 8th. They set a “neutral” rating and a $9.00 price target on the stock. Separately, analysts at Zacks reiterated a “hold” rating on shares of Huntington Bancshares in a research note to investors on Monday, September 30th. They now have a $9.00 price target on the stock. Finally, analysts at Guggenheim cut their price target on shares of Huntington Bancshares from $9.50 to $9.00 in a research note to investors on Monday, September 30th. They now have a “neutral” rating on the stock. One equities research analyst has rated the stock with a sell rating, sixteen have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. Huntington Bancshares has a consensus rating of “Hold” and a consensus target price of $8.20.
Huntington Bancshares has a 52 week low of $5.81 and a 52 week high of $8.78. The stock’s 50-day moving average is $8.39 and its 200-day moving average is $7.98. The company has a market cap of $7.318 billion and a price-to-earnings ratio of 12.00.
Huntington Bancshares (NASDAQ:HBAN) last issued its quarterly earnings data on Thursday, October 17th. The company reported $0.20 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.17 by $0.03. The company had revenue of $682.00 million for the quarter, compared to the consensus estimate of $684.65 million. During the same quarter in the prior year, the company posted $0.19 earnings per share. Analysts expect that Huntington Bancshares will post $0.68 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, January 2nd. Shareholders of record on Thursday, December 19th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 2.33%.
Huntington Bancshares Incorporated (NASDAQ:HBAN) is a multi-state diversified regional bank holding company.
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