Huntington Bancshares (NASDAQ:HBAN) Upgraded at Robert W. Baird

Robert W. Baird upgraded shares of Huntington Bancshares (NASDAQ:HBAN) from a neutral rating to an outperform rating in a report published on Friday, Marketbeat Ratings reports. Robert W. Baird currently has $18.00 price target on the bank’s stock.

Several other research firms have also recently commented on HBAN. Stephens reiterated an “equal weight” rating and set a $18.50 price target on shares of Huntington Bancshares in a report on Friday, February 7th. JPMorgan Chase & Co. reiterated an “overweight” rating and set a $20.00 target price (up previously from $18.50) on shares of Huntington Bancshares in a research note on Wednesday, December 4th. Barclays increased their target price on Huntington Bancshares from $17.00 to $19.00 and gave the company an “equal weight” rating in a report on Monday, January 6th. Citigroup lifted their price target on Huntington Bancshares from $18.00 to $21.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $20.00 price objective on shares of Huntington Bancshares in a report on Tuesday, January 21st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $18.24.

Huntington Bancshares Stock Up 0.1 %

Shares of NASDAQ HBAN opened at $15.14 on Friday. The stock has a market cap of $22.01 billion, a P/E ratio of 12.31, a PEG ratio of 1.33 and a beta of 1.07. The business’s fifty day simple moving average is $16.55 and its 200-day simple moving average is $16.13. Huntington Bancshares has a 12-month low of $12.05 and a 12-month high of $18.44. The company has a current ratio of 0.89, a quick ratio of 0.88 and a debt-to-equity ratio of 0.92.

Huntington Bancshares (NASDAQ:HBAN) last posted its quarterly earnings results on Friday, January 17th. The bank reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.03. Huntington Bancshares had a return on equity of 11.23% and a net margin of 16.23%. During the same period last year, the company posted $0.27 EPS. As a group, equities analysts predict that Huntington Bancshares will post 1.39 EPS for the current fiscal year.

Huntington Bancshares Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, March 18th will be paid a dividend of $0.155 per share. This represents a $0.62 dividend on an annualized basis and a yield of 4.10%. The ex-dividend date is Tuesday, March 18th. Huntington Bancshares’s dividend payout ratio is currently 50.41%.

Institutional Investors Weigh In On Huntington Bancshares

A number of institutional investors and hedge funds have recently made changes to their positions in HBAN. Arvest Bank Trust Division acquired a new position in Huntington Bancshares in the 3rd quarter valued at about $2,381,000. Mediolanum International Funds Ltd acquired a new position in shares of Huntington Bancshares in the 4th quarter valued at $422,000. Donoghue Forlines LLC acquired a new stake in shares of Huntington Bancshares during the 4th quarter worth $1,460,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Huntington Bancshares by 5.6% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 844,466 shares of the bank’s stock valued at $12,414,000 after acquiring an additional 44,662 shares during the last quarter. Finally, Petiole USA ltd purchased a new stake in Huntington Bancshares during the third quarter valued at about $3,454,000. 80.72% of the stock is owned by hedge funds and other institutional investors.

Huntington Bancshares Company Profile

Huntington Bancshares Incorporated operates as the bank holding company for The Huntington National Bank that provides commercial, consumer, and mortgage banking services in the United States. The company offers financial products and services to consumer and business customers, including deposits, lending, payments, mortgage banking, dealer financing, investment management, trust, brokerage, insurance, and other financial products and services.