Huntington Bancshares (NASDAQ:HBAN) had its price objective hoisted by Barclays from $14.00 to $17.00 in a research note released on Tuesday, January 2nd, Marketbeat.com reports. Barclays currently has an equal weight rating on the bank’s stock.
A number of other research analysts also recently issued reports on the stock. Morgan Stanley raised their price target on shares of Huntington Bancshares from $14.50 to $16.50 and gave the stock an equal weight rating in a research report on Wednesday, December 13th. BidaskClub upgraded shares of Huntington Bancshares from a hold rating to a buy rating in a research report on Friday, December 22nd. Keefe, Bruyette & Woods restated a hold rating and issued a $14.25 price target on shares of Huntington Bancshares in a research report on Friday, October 13th. Nomura lifted their price objective on shares of Huntington Bancshares from $16.00 to $17.00 and gave the company a buy rating in a research report on Thursday, October 26th. Finally, Sanford C. Bernstein upgraded shares of Huntington Bancshares from a market perform rating to an outperform rating and lifted their price objective for the company from $15.00 to $17.00 in a research report on Thursday, September 14th. Six investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of Buy and an average price target of $16.31.
Huntington Bancshares (NASDAQ HBAN) traded up $0.22 on Tuesday, reaching $15.85. 7,951,779 shares of the company were exchanged, compared to its average volume of 8,779,683. The firm has a market cap of $16,895.19, a price-to-earnings ratio of 16.28, a price-to-earnings-growth ratio of 1.22 and a beta of 1.34. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.87 and a current ratio of 0.88. Huntington Bancshares has a 1-year low of $12.14 and a 1-year high of $15.85.
Huntington Bancshares (NASDAQ:HBAN) last announced its quarterly earnings data on Wednesday, October 25th. The bank reported $0.23 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.25 by ($0.02). The company had revenue of $1.09 billion for the quarter, compared to analyst estimates 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 in the prior year, the business earned $0.11 earnings per share. analysts forecast that Huntington Bancshares will post 0.98 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, January 2nd. Shareholders of record on Monday, December 18th were given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 2.78%. This is an increase from Huntington Bancshares’s previous quarterly dividend of $0.08. The ex-dividend date was Friday, December 15th. Huntington Bancshares’s payout ratio is 39.51%.
In other news, EVP Daniel J. Neumeyer sold 43,491 shares of Huntington Bancshares stock in a transaction that occurred on Tuesday, October 31st. The shares were sold at an average price of $13.88, for a total value of $603,655.08. Following the transaction, the executive vice president now owns 427,270 shares of the company’s stock, valued at approximately $5,930,507.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Helga Houston sold 14,513 shares of Huntington Bancshares stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $13.77, for a total transaction of $199,844.01. Following the completion of the transaction, the insider now directly owns 499,824 shares in the company, valued at approximately $6,882,576.48. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by insiders.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in shares of Huntington Bancshares by 0.3% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 80,766 shares of the bank’s stock worth $1,092,000 after purchasing an additional 216 shares during the last quarter. Raymond James Trust N.A. increased its position in shares of Huntington Bancshares by 1.3% in the second quarter. Raymond James Trust N.A. now owns 22,377 shares of the bank’s stock worth $303,000 after acquiring an additional 289 shares in the last quarter. Investment Centers of America Inc. increased its position in shares of Huntington Bancshares by 0.9% in the second quarter. Investment Centers of America Inc. now owns 77,865 shares of the bank’s stock worth $1,053,000 after acquiring an additional 676 shares in the last quarter. National Asset Management Inc. increased its position in shares of Huntington Bancshares by 5.2% in the second quarter. National Asset Management Inc. now owns 14,630 shares of the bank’s stock worth $198,000 after acquiring an additional 719 shares in the last quarter. Finally, Bronfman E.L. Rothschild L.P. increased its position in shares of Huntington Bancshares by 8.7% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 10,382 shares of the bank’s stock worth $140,000 after acquiring an additional 834 shares in the last quarter. 73.53% of the stock is currently owned by institutional investors.
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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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