Huntington Bancshares Incorporated (NASDAQ:HBAN) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) have earned a consensus recommendation of “Moderate Buy” from the twenty-one brokerages that are presently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $20.2632.

Several equities analysts have weighed in on the company. Jefferies Financial Group raised their price target on Huntington Bancshares from $20.00 to $22.00 and gave the stock a “buy” rating in a research report on Friday, December 19th. TD Cowen increased their price objective on Huntington Bancshares from $22.00 to $23.00 and gave the company a “buy” rating in a research note on Tuesday, October 28th. Royal Bank Of Canada reiterated an “outperform” rating and set a $21.00 price objective on shares of Huntington Bancshares in a research report on Monday, January 12th. Argus upped their target price on shares of Huntington Bancshares from $19.00 to $20.00 and gave the company a “buy” rating in a report on Wednesday. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Huntington Bancshares in a research note on Thursday, January 22nd.

Insider Buying and Selling

In other Huntington Bancshares news, insider Amit Dhingra sold 10,000 shares of the stock in a transaction on Thursday, January 8th. The stock was sold at an average price of $18.50, for a total transaction of $185,000.00. Following the transaction, the insider owned 155,634 shares of the company’s stock, valued at $2,879,229. This represents a 6.04% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Marcy C. Hingst sold 12,832 shares of Huntington Bancshares stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $18.00, for a total value of $230,976.00. Following the completion of the sale, the executive vice president directly owned 239,473 shares of the company’s stock, valued at approximately $4,310,514. This represents a 5.09% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 97,863 shares of company stock worth $1,581,634 in the last three months. 0.89% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Sagespring Wealth Partners LLC boosted its position in shares of Huntington Bancshares by 2.4% in the fourth quarter. Sagespring Wealth Partners LLC now owns 25,217 shares of the bank’s stock worth $438,000 after acquiring an additional 587 shares during the last quarter. LifeWealth Investments LLC raised its stake in Huntington Bancshares by 2.3% during the second quarter. LifeWealth Investments LLC now owns 28,501 shares of the bank’s stock worth $478,000 after purchasing an additional 632 shares during the period. Parcion Private Wealth LLC boosted its holdings in shares of Huntington Bancshares by 6.2% in the 3rd quarter. Parcion Private Wealth LLC now owns 11,081 shares of the bank’s stock valued at $191,000 after purchasing an additional 648 shares during the last quarter. Strategic Planning Inc. grew its stake in shares of Huntington Bancshares by 0.3% during the 3rd quarter. Strategic Planning Inc. now owns 199,318 shares of the bank’s stock valued at $3,442,000 after buying an additional 670 shares during the period. Finally, Rehmann Capital Advisory Group increased its holdings in shares of Huntington Bancshares by 4.3% during the 3rd quarter. Rehmann Capital Advisory Group now owns 16,881 shares of the bank’s stock worth $292,000 after buying an additional 694 shares during the last quarter. 80.72% of the stock is currently owned by hedge funds and other institutional investors.

Huntington Bancshares Stock Performance

Shares of HBAN opened at $17.29 on Friday. Huntington Bancshares has a 12-month low of $11.91 and a 12-month high of $18.91. The stock has a market cap of $27.23 billion, a P/E ratio of 12.44, a PEG ratio of 0.69 and a beta of 0.95. The company has a current ratio of 0.93, a quick ratio of 0.92 and a debt-to-equity ratio of 0.80. The company has a 50-day moving average of $17.43 and a two-hundred day moving average of $16.88.

Huntington Bancshares (NASDAQ:HBAN) last issued its quarterly earnings data on Thursday, January 22nd. The bank reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.03). Huntington Bancshares had a return on equity of 11.98% and a net margin of 17.71%.The business had revenue of $2.19 billion for the quarter, compared to analysts’ expectations of $2.21 billion. During the same period last year, the business earned $0.34 earnings per share. As a group, research analysts predict that Huntington Bancshares will post 1.39 EPS for the current fiscal year.

Huntington Bancshares Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Wednesday, March 18th will be paid a $0.155 dividend. This represents a $0.62 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend is Wednesday, March 18th. Huntington Bancshares’s payout ratio is presently 44.60%.

Huntington Bancshares Company Profile

Huntington Bancshares Incorporated (NASDAQ: HBAN) is a bank holding company headquartered in Columbus, Ohio, that provides a broad range of banking and financial services through its principal subsidiary, Huntington National Bank. The company’s operations are centered on retail and commercial banking, and it serves individual consumers, small and middle-market businesses, and institutional customers.

Huntington’s product offerings include traditional deposit and lending products, consumer and commercial loans, mortgage origination and servicing, auto financing, and business banking solutions.