Huntington Bancshares Incorporated (HBAN) Declares Quarterly Dividend of $0.11

Huntington Bancshares Incorporated (NASDAQ:HBAN) announced a quarterly dividend on Tuesday, January 23rd, RTT News reports. Investors of record on Monday, March 19th will be paid a dividend of 0.11 per share by the bank on Monday, April 2nd. This represents a $0.44 annualized dividend and a yield of 2.74%.

Shares of Huntington Bancshares (NASDAQ:HBAN) opened at $16.03 on Tuesday. Huntington Bancshares has a 1 year low of $12.14 and a 1 year high of $16.05. The firm has a market cap of $17,089.76, a price-to-earnings ratio of 19.79, a P/E/G ratio of 1.24 and a beta of 1.34. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.88 and a quick ratio of 0.87.

Huntington Bancshares (NASDAQ:HBAN) last announced its quarterly earnings results on Wednesday, October 25th. The bank reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.02). Huntington Bancshares had a return on equity of 11.96% and a net margin of 20.76%. The business had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.10 billion. During the same quarter in the prior year, the firm posted $0.11 EPS. analysts forecast that Huntington Bancshares will post 0.98 EPS for the current fiscal year.

In related news, EVP Daniel J. Neumeyer sold 43,491 shares of Huntington Bancshares 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 sale, the executive vice president now directly owns 427,270 shares in the company, valued at $5,930,507.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Helga Houston sold 14,513 shares of Huntington Bancshares 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 sale, the insider now owns 499,824 shares of the company’s stock, valued at $6,882,576.48. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by insiders.

Several research firms have commented on HBAN. Zacks Investment Research raised shares of Huntington Bancshares from a “hold” rating to a “strong-buy” rating and set a $17.00 price objective for the company in a research note on Tuesday, January 9th. Barclays lifted their price objective on shares of Huntington Bancshares from $14.00 to $17.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 2nd. Piper Jaffray Companies reaffirmed a “buy” rating and set a $15.50 price objective on shares of Huntington Bancshares in a research note on Tuesday, October 17th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $16.25 price objective on shares of Huntington Bancshares in a research note on Friday, December 22nd. Finally, BidaskClub lowered shares of Huntington Bancshares from a “buy” rating to a “hold” rating in a research note on Friday. Seven equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. Huntington Bancshares has a consensus rating of “Buy” and a consensus price target of $16.31.

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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.

Dividend History for Huntington Bancshares (NASDAQ:HBAN)

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