Huntington Bancshares Upgraded to Outperform by RBC Capital (HBAN)
Huntington Bancshares (NASDAQ:HBAN) was upgraded by RBC Capital from a “sector perform” rating to an “outperform” rating in a research note issued on Thursday, TheFlyOnTheWall.com reports. The firm currently has a $12.00 target price on the stock, up from their previous target price of $11.00. RBC Capital’s price objective points to a potential upside of 23.71% from the stock’s previous close.
HBAN has been the subject of a number of other recent research reports. Analysts at Keefe, Bruyette & Woods upgraded shares of Huntington Bancshares from a “market perform” rating to an “outperform” rating in a research note on Tuesday, July 22nd. They now have a $11.50 price target on the stock, up previously from $10.00. Separately, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Huntington Bancshares in a research note on Monday, July 21st. They now have a $11.00 price target on the stock, up previously from $10.50. Finally, analysts at Macquarie reiterated a “neutral” rating on shares of Huntington Bancshares in a research note on Monday, July 21st. They now have a $10.00 price target on the stock, up previously from $9.50. Sixteen equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $10.33.
Huntington Bancshares (NASDAQ:HBAN) traded down 1.22% during mid-day trading on Thursday, hitting $9.70. 8,765,675 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 has a 50-day moving average of $9. and a 200-day moving average of $9.48. The company has a market cap of $7.925 billion and a price-to-earnings ratio of 13.27.
Huntington Bancshares (NASDAQ:HBAN) last released its earnings data on Friday, July 18th. The company reported $0.19 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.17 earnings per share. The company’s quarterly revenue was up 4.9% on a year-over-year basis. Analysts expect that Huntington Bancshares will post $0.74 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, October 1st. Stockholders of record on Wednesday, September 17th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 2.06%. The ex-dividend date is Monday, September 15th.
Huntington Bancshares Incorporated (NASDAQ:HBAN) is a multi-state diversified regional bank holding company.
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