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Huntington Bancshares (NASDAQ:HBAN)‘s stock had its “neutral” rating restated by Zacks in a note issued to investors on Friday, AnalystRatings.NET reports. They currently have a $9.50 price objective on the stock. Zacks‘ target price suggests a potential upside of 5.20% from the stock’s previous close.

Zacks‘ analyst wrote, “Huntington’s fourth-quarter 2013 earnings beat the Zacks Consensus Estimate, primarily due to a decline in expenses. Moreover, the company experienced a fall in provision for loan losses. However, top-line contraction was a headwind. The company has a solid franchise in the Midwest and is focused on capitalizing on its growth opportunities. Alongside, its capital deployment initiatives are encouraging. However, revenue headwinds are a concern. Further, amid a tepid economic recovery, low interest rate and tough regulatory environment, we remain somewhat skeptical about the company’s ability to drive earnings in the quarters ahead.”

Shares of Huntington Bancshares (NASDAQ:HBAN) traded down 0.50% on Friday, hitting $8.985. The stock had a trading volume of 7,471,863 shares. Huntington Bancshares has a 52 week low of $6.75 and a 52 week high of $9.91. The stock has a 50-day moving average of $9.51 and a 200-day moving average of $8.89. The company has a market cap of $7.466 billion and a price-to-earnings ratio of 12.54.

Huntington Bancshares (NASDAQ:HBAN) last announced its earnings results on Wednesday, January 15th. The company reported $0.18 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.17 by $0.01. During the same quarter in the prior year, the company posted $0.19 earnings per share. Analysts expect that Huntington Bancshares will post $0.72 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Tuesday, April 1st. Stockholders of record on Tuesday, March 18th will be given a dividend of 0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 2.21%. The ex-dividend date of this dividend is Friday, March 14th.

A number of other analysts have also recently weighed in on HBAN. Analysts at Thomson Reuters/Verus upgraded shares of Huntington Bancshares from a “hold” rating to a “buy” rating in a research note to investors on Monday. Separately, analysts at Janney Montgomery Scott initiated coverage on shares of Huntington Bancshares in a research note to investors on Tuesday, January 14th. They set a “neutral” rating on the stock. Finally, analysts at Barclays upgraded shares of Huntington Bancshares from an “underweight” rating to an “equal weight” rating in a research note to investors on Monday, January 6th. They now have a $11.00 price target on the stock, up previously from $9.00. Fifteen investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Hold” and an average price target of $8.93.

Huntington Bancshares Incorporated (NASDAQ:HBAN) is a multi-state diversified regional bank holding company.

To view Zacks’ full report, visit www.zacks.com

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