Huntington Bancshares Incorporated (HBAN) Given Consensus Rating of “Buy” by Analysts
Huntington Bancshares Incorporated (NASDAQ:HBAN) has earned an average rating of “Buy” from the nineteen analysts that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and twelve have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $15.24.
A number of equities research analysts have recently weighed in on HBAN shares. BMO Capital Markets restated an “outperform” rating and set a $15.00 target price (down previously from $16.00) on shares of Huntington Bancshares in a research report on Friday, July 21st. Royal Bank Of Canada restated a “buy” rating and set a $16.00 target price on shares of Huntington Bancshares in a research report on Friday, September 8th. JMP Securities started coverage on Huntington Bancshares in a research report on Thursday, August 31st. They set an “outperform” rating and a $15.00 target price for the company. Sanford C. Bernstein upgraded Huntington Bancshares from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $15.00 to $17.00 in a research report on Thursday, September 14th. Finally, Hilliard Lyons upgraded Huntington Bancshares from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $14.00 to $15.00 in a research report on Monday, July 24th.
Huntington Bancshares (NASDAQ HBAN) traded down $0.07 during trading on Monday, reaching $13.14. The company’s stock had a trading volume of 8,767,500 shares, compared to its average volume of 9,541,726. The company has a current ratio of 0.88, a quick ratio of 0.87 and a debt-to-equity ratio of 0.96. The firm has a market capitalization of $14,203.63, a price-to-earnings ratio of 13.69, a P/E/G ratio of 1.49 and a beta of 1.34. Huntington Bancshares has a one year low of $11.49 and a one year high of $14.74.
Huntington Bancshares (NASDAQ:HBAN) last posted its quarterly earnings data on Wednesday, October 25th. The bank reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.02). The business had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.10 billion. Huntington Bancshares had a return on equity of 11.96% and a net margin of 20.76%. During the same period in the prior year, the firm posted $0.11 EPS. equities analysts forecast that Huntington Bancshares will post 0.98 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Monday, December 18th will be issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 3.35%. The ex-dividend date is Friday, December 15th. This is an increase from Huntington Bancshares’s previous quarterly dividend of $0.08. Huntington Bancshares’s dividend payout ratio is currently 39.51%.
In other Huntington Bancshares news, EVP Daniel J. Neumeyer sold 43,491 shares of the business’s stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of $13.88, for a total value of $603,655.08. Following the completion of the transaction, the executive vice president now directly owns 427,270 shares of the company’s stock, valued at $5,930,507.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Helga Houston sold 14,513 shares of the business’s stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $13.77, for a total value of $199,844.01. Following the completion of the transaction, the insider now directly owns 499,824 shares of the company’s stock, valued at $6,882,576.48. The disclosure for this sale can be found here. Over the last three months, insiders sold 74,004 shares of company stock valued at $1,006,859. Insiders own 1.30% of the company’s stock.
Large investors have recently bought and sold shares of the business. Sun Life Financial INC grew its stake in Huntington Bancshares by 99,812.5% in the second quarter. Sun Life Financial INC now owns 7,993 shares of the bank’s stock valued at $108,000 after acquiring an additional 7,985 shares during the period. Chicago Partners Investment Group LLC acquired a new position in Huntington Bancshares in the second quarter valued at about $134,000. Verition Fund Management LLC acquired a new position in Huntington Bancshares in the second quarter valued at about $139,000. Bronfman E.L. Rothschild L.P. grew its stake in Huntington Bancshares by 8.7% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 10,382 shares of the bank’s stock valued at $140,000 after acquiring an additional 834 shares during the period. Finally, Foster & Motley Inc. grew its stake in Huntington Bancshares by 2.2% in the second quarter. Foster & Motley Inc. now owns 10,504 shares of the bank’s stock valued at $142,000 after acquiring an additional 224 shares during the period. 73.84% of the stock is owned by hedge funds and other institutional investors.
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About Huntington Bancshares
Huntington Bancshares Incorporated (Huntington) is a bank holding company. Through its subsidiaries, including its bank subsidiary, The Huntington National Bank (the Bank), the Company provides commercial and consumer banking services, mortgage banking services, automobile financing, recreational vehicle and marine financing, equipment leasing, investment management, trust services, brokerage services, insurance programs, and other financial products and services.
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