Huntington Bancshares Incorporated (NASDAQ:HBAN) had its price objective boosted by Nomura from $16.00 to $17.00 in a research note published on Thursday morning. They currently have a buy rating on the bank’s stock.
Other analysts have also issued reports about the stock. Deutsche Bank AG reissued a buy rating on shares of Huntington Bancshares in a research report on Monday, July 3rd. Royal Bank Of Canada reissued a buy rating and issued a $16.00 price target on shares of Huntington Bancshares in a research report on Friday, September 8th. Hilliard Lyons raised shares of Huntington Bancshares from a neutral rating to a buy rating and increased their price target for the stock from $14.00 to $15.00 in a research report on Monday, July 24th. Instinet reissued a buy rating and issued a $16.00 price target (up from $15.00) on shares of Huntington Bancshares in a research report on Wednesday, July 12th. Finally, Piper Jaffray Companies reissued a buy rating and issued a $15.50 price target on shares of Huntington Bancshares in a research report on Tuesday, October 17th. One analyst has rated the stock with a sell rating, six have given a hold rating and twelve have given a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus target price of $15.22.
Huntington Bancshares (NASDAQ HBAN) traded down 1.22% during trading on Thursday, hitting $13.77. 6,393,702 shares of the stock were exchanged. The stock’s 50-day moving average price is $13.60 and its 200-day moving average price is $13.17. Huntington Bancshares has a 12-month low of $10.07 and a 12-month high of $14.74. The firm has a market cap of $15.01 billion, a PE ratio of 19.07 and a beta of 1.38.
Huntington Bancshares (NASDAQ:HBAN) last posted its quarterly earnings results on Wednesday, October 25th. The bank reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.02). The company had revenue of $1.09 billion during the quarter, compared to analysts’ expectations 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 last year, the company earned $0.11 earnings per share. On average, equities analysts expect that Huntington Bancshares will post $0.91 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Monday, December 18th will be given a $0.11 dividend. This is a positive change from Huntington Bancshares’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend is Friday, December 15th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 3.16%. Huntington Bancshares’s dividend payout ratio (DPR) is currently 39.51%.
In other news, EVP Nicholas G. Stanutz sold 16,000 shares of Huntington Bancshares stock in a transaction that occurred on Wednesday, August 23rd. The shares were sold at an average price of $12.71, for a total value of $203,360.00. Following the transaction, the executive vice president now owns 447,722 shares of the company’s stock, valued at $5,690,546.62. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 1.30% of the company’s stock.
Several large investors have recently added to or reduced their stakes in the company. Lincoln National Corp raised its position in shares of Huntington Bancshares by 0.6% in the second quarter. Lincoln National Corp now owns 14,350 shares of the bank’s stock valued at $194,000 after purchasing an additional 84 shares during the period. Janney Capital Management LLC raised its position in shares of Huntington Bancshares by 0.6% in the second quarter. Janney Capital Management LLC now owns 29,185 shares of the bank’s stock valued at $394,000 after purchasing an additional 179 shares during the period. North Star Asset Management Inc. raised its position in shares of Huntington Bancshares by 1.6% in the first quarter. North Star Asset Management Inc. now owns 12,656 shares of the bank’s stock valued at $169,000 after purchasing an additional 200 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of Huntington Bancshares by 0.3% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 80,766 shares of the bank’s stock valued at $1,092,000 after purchasing an additional 216 shares during the period. Finally, OLD National Bancorp IN raised its position in shares of Huntington Bancshares by 1.2% in the second quarter. OLD National Bancorp IN now owns 19,152 shares of the bank’s stock valued at $259,000 after purchasing an additional 220 shares during the period. 74.06% of the stock is currently owned by institutional investors.
Huntington Bancshares Company Profile
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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