Huntington Bancshares (NASDAQ:HBAN) declared a quarterly dividend on Thursday, April 19th, RTT News reports. Shareholders of record on Monday, June 18th will be paid a dividend of 0.11 per share by the bank on Monday, July 2nd. This represents a $0.44 annualized dividend and a yield of 3.00%.
HBAN traded up $0.19 on Thursday, hitting $14.68. 6,991,565 shares of the company were exchanged, compared to its average volume of 10,017,251. The company has a current ratio of 0.88, a quick ratio of 0.87 and a debt-to-equity ratio of 0.94. Huntington Bancshares has a fifty-two week low of $12.14 and a fifty-two week high of $16.60. The firm has a market capitalization of $15,961.82, a P/E ratio of 14.97, a PEG ratio of 1.01 and a beta of 1.33.
Huntington Bancshares (NASDAQ:HBAN) last issued its earnings results on Tuesday, January 23rd. The bank reported $0.26 earnings per share for the quarter, hitting the consensus estimate of $0.26. Huntington Bancshares had a net margin of 25.02% and a return on equity of 12.12%. The company had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same period in the prior year, the business posted $0.18 earnings per share. analysts predict that Huntington Bancshares will post 1.21 EPS for the current year.
HBAN has been the topic of several recent analyst reports. Hilliard Lyons upgraded shares of Huntington Bancshares from a “neutral” rating to a “buy” rating and set a $17.00 target price on the stock in a research report on Friday, February 9th. BidaskClub upgraded shares of Huntington Bancshares from a “hold” rating to a “buy” rating in a research report on Friday, December 22nd. Vining Sparks reiterated a “buy” rating and issued a $19.00 price target on shares of Huntington Bancshares in a research report on Tuesday, January 23rd. Barclays increased their price target on shares of Huntington Bancshares from $14.00 to $17.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 2nd. Finally, ValuEngine upgraded shares of Huntington Bancshares from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Ten analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $16.98.
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About Huntington Bancshares
Huntington Bancshares Incorporated operates as a holding company for The Huntington National Bank that provides commercial, small business, consumer, and mortgage banking services. The company's Consumer and Business Banking segment offers financial products and services, such as checking accounts, savings accounts, money market accounts, certificates of deposit, consumer loans, and small business loans; and investments, mortgages, insurance, interest rate risk protection, and foreign exchange and treasury management services.
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