Huntington Bancshares Rating Increased to Sector Perform at Portales Partners (HBAN)
Several other analysts have also recently commented on the stock. Analysts at SunTrust raised their price target on shares of Huntington Bancshares from $10.00 to $11.00 in a research note on Monday. They now have a “neutral” rating on the stock. Separately, analysts at Bernstein raised their price target on shares of Huntington Bancshares from $9.00 to $10.00 in a research note on Monday. They now have a “market perform” rating on the stock. Finally, analysts at RBC Capital raised their price target on shares of Huntington Bancshares from $10.00 to $11.00 in a research note on Monday. They now have a “sector perform” rating on the stock. Seventeen investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $10.17.
Huntington Bancshares (NASDAQ:HBAN) traded down 0.10% during mid-day trading on Monday, hitting $9.74. 9,226,222 shares of the company’s stock traded hands. Huntington Bancshares has a 52 week low of $8.04 and a 52 week high of $10.29. The stock’s 50-day moving average is $9.5 and its 200-day moving average is $9.46. The company has a market cap of $8.062 billion and a price-to-earnings ratio of 13.54.
Huntington Bancshares (NASDAQ:HBAN) last released its earnings data on Friday, July 18th. The company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.01. The company had revenue of $716.80 million for the quarter, compared to the consensus estimate of $693.00 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 4.9% on a year-over-year basis. On average, analysts predict that Huntington Bancshares will post $0.72 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, October 1st. Shareholders of record on Wednesday, September 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 2.05%.
Huntington Bancshares Incorporated (NASDAQ:HBAN) is a multi-state diversified regional bank holding company.
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