Huntington Bancshares Short Interest Up 24.2% in April (HBAN)
Shares of Huntington Bancshares (NASDAQ:HBAN) were the target of a large increase in short interest in April. As of April 30th, there was short interest totalling 15,347,409 shares, an increase of 24.2% from the April 15th total of 12,359,088 shares, AmericanBankingNews.com reports. Currently, 1.8% of the company’s stock are short sold. Based on an average daily volume of 14,697,770 shares, the days-to-cover ratio is presently 1.0 days.
In other Huntington Bancshares news, Director Richard Neu purchased 15,100 shares of the stock in a transaction that occurred on Tuesday, May 6th. The stock was purchased at an average price of $9.04 per share, with a total value of $136,504.00. Following the completion of the purchase, the director now directly owns 125,094 shares of the company’s stock, valued at approximately $1,130,850. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
A number of research firms have recently commented on HBAN. Analysts at Zacks reiterated a “neutral” rating on shares of Huntington Bancshares in a research note on Wednesday, May 7th. They now have a $9.50 price target on the stock. Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of Huntington Bancshares in a research note on Thursday, April 24th. They now have a $9.50 price target on the stock. Finally, analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Huntington Bancshares in a research note on Monday, April 21st. They now have a $9.50 price target on the stock. Fifteen analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $9.36.
Huntington Bancshares (NASDAQ:HBAN) opened at 9.37 on Wednesday. Huntington Bancshares has a 52-week low of $7.38 and a 52-week high of $10.29. The stock has a 50-day moving average of $9.50 and a 200-day moving average of $9.36. The company has a market cap of $7.756 billion and a price-to-earnings ratio of 13.08.
Huntington Bancshares (NASDAQ:HBAN) last announced its earnings results on Wednesday, April 16th. The company reported $0.17 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.17. The company had revenue of $691.90 million for the quarter, compared to the consensus estimate of $675.78 million. During the same quarter in the previous year, the company posted $0.17 earnings per share. The company’s revenue for the quarter was up .8% on a year-over-year basis. On average, analysts predict that Huntington Bancshares will post $0.71 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, July 1st. Shareholders of record on Tuesday, June 17th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 2.13%. The ex-dividend date of this dividend is Friday, June 13th.
Huntington Bancshares Incorporated (NASDAQ:HBAN) is a multi-state diversified regional bank holding company.
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