Huntington Bancshares Incorporated (NASDAQ:HBAN) Given Average Rating of “Moderate Buy” by Brokerages

Huntington Bancshares Incorporated (NASDAQ:HBAN) has been assigned an average recommendation of “Moderate Buy” from the nineteen analysts that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, five have given a hold recommendation, twelve have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $16.09.

A number of brokerages recently commented on HBAN. Robert W. Baird lowered shares of Huntington Bancshares from an “outperform” rating to a “neutral” rating and set a $15.00 price objective on the stock. in a report on Friday, July 26th. Evercore ISI boosted their price target on Huntington Bancshares from $17.00 to $18.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Royal Bank of Canada reissued an “outperform” rating and issued a $17.00 target price on shares of Huntington Bancshares in a research report on Friday, October 18th. DA Davidson upped their price target on Huntington Bancshares from $16.50 to $17.50 and gave the stock a “buy” rating in a research report on Monday, October 21st. Finally, Baird R W lowered shares of Huntington Bancshares from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 26th.

Huntington Bancshares Price Performance

Shares of HBAN opened at $15.54 on Wednesday. The company has a current ratio of 0.88, a quick ratio of 0.87 and a debt-to-equity ratio of 0.86. The stock has a market cap of $22.58 billion, a P/E ratio of 14.94, a price-to-earnings-growth ratio of 3.15 and a beta of 1.03. The stock’s 50-day moving average price is $14.92 and its two-hundred day moving average price is $14.10. Huntington Bancshares has a 1 year low of $10.10 and a 1 year high of $16.03.

Huntington Bancshares (NASDAQ:HBAN) last issued its quarterly earnings data on Thursday, October 17th. The bank reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.03. The firm had revenue of $1.89 billion during the quarter, compared to analysts’ expectations of $1.86 billion. Huntington Bancshares had a net margin of 14.19% and a return on equity of 10.72%. During the same quarter in the previous year, the company earned $0.36 earnings per share. On average, equities analysts predict that Huntington Bancshares will post 1.2 earnings per share for the current year.

Huntington Bancshares Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Wednesday, December 18th will be issued a dividend of $0.155 per share. This represents a $0.62 annualized dividend and a dividend yield of 3.99%. The ex-dividend date of this dividend is Wednesday, December 18th. Huntington Bancshares’s payout ratio is 59.62%.

Insider Activity at Huntington Bancshares

In other Huntington Bancshares news, insider Helga Houston sold 6,455 shares of the firm’s stock in a transaction that occurred on Wednesday, October 23rd. The shares were sold at an average price of $15.43, for a total transaction of $99,600.65. Following the completion of the sale, the insider now directly owns 558,342 shares in the company, valued at $8,615,217.06. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.92% of the stock is owned by company insiders.

Institutional Trading of Huntington Bancshares

A number of institutional investors have recently bought and sold shares of the business. Lazard Asset Management LLC boosted its stake in shares of Huntington Bancshares by 251,152.2% in the first quarter. Lazard Asset Management LLC now owns 173,364 shares of the bank’s stock valued at $2,417,000 after buying an additional 173,295 shares during the period. CANADA LIFE ASSURANCE Co grew its holdings in shares of Huntington Bancshares by 53.6% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 1,617,730 shares of the bank’s stock worth $22,577,000 after purchasing an additional 564,729 shares in the last quarter. Heritage Wealth Management Inc. bought a new position in shares of Huntington Bancshares in the second quarter worth $744,000. SG Americas Securities LLC raised its stake in Huntington Bancshares by 531.0% in the second quarter. SG Americas Securities LLC now owns 1,150,690 shares of the bank’s stock valued at $15,166,000 after purchasing an additional 968,331 shares in the last quarter. Finally, Cetera Investment Advisers lifted its position in Huntington Bancshares by 221.8% during the first quarter. Cetera Investment Advisers now owns 756,408 shares of the bank’s stock worth $10,552,000 after purchasing an additional 521,372 shares during the period. Institutional investors own 80.72% of the company’s stock.

About Huntington Bancshares

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.