BidaskClub lowered shares of Huntington Bancshares (NASDAQ:HBAN) from a buy rating to a hold rating in a research note published on Wednesday morning.
A number of other research analysts have also issued reports on HBAN. JPMorgan Chase boosted their price objective on Huntington Bancshares from $16.00 to $17.00 and gave the company a neutral rating in a research report on Thursday, January 25th. Zacks Investment Research lowered Huntington Bancshares from a buy rating to a hold rating in a research report on Thursday, April 5th. Keefe, Bruyette & Woods restated a hold rating and set a $16.25 price objective on shares of Huntington Bancshares in a research report on Friday, December 22nd. BMO Capital Markets restated a hold rating and set a $18.00 price objective on shares of Huntington Bancshares in a research report on Wednesday, January 24th. Finally, Hilliard Lyons lowered Huntington Bancshares from a buy rating to a neutral rating and set a $17.00 price objective for the company. in a research report on Wednesday, January 24th. Ten research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. The stock currently has a consensus rating of Buy and a consensus price target of $16.98.
NASDAQ:HBAN opened at $14.75 on Wednesday. Huntington Bancshares has a 12-month low of $12.14 and a 12-month high of $16.60. The company has a market cap of $16,182.29, a P/E ratio of 15.05, a P/E/G ratio of 1.02 and a beta of 1.33. The company has a quick ratio of 0.87, a current ratio of 0.88 and a debt-to-equity ratio of 0.94.
Huntington Bancshares (NASDAQ:HBAN) last released its quarterly earnings data on Tuesday, January 23rd. The bank reported $0.26 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.26. Huntington Bancshares had a return on equity of 12.12% and a net margin of 25.02%. The business had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.10 billion. During the same quarter in the previous year, the firm posted $0.18 EPS. equities analysts expect that Huntington Bancshares will post 1.21 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, July 2nd. Shareholders of record on Monday, June 18th will be paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 2.98%. The ex-dividend date of this dividend is Friday, June 15th. Huntington Bancshares’s payout ratio is currently 44.90%.
A number of institutional investors have recently made changes to their positions in the business. Cambridge Investment Research Advisors Inc. raised its stake in shares of Huntington Bancshares by 7.2% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 130,837 shares of the bank’s stock worth $1,905,000 after buying an additional 8,738 shares in the last quarter. Xact Kapitalforvaltning AB raised its stake in shares of Huntington Bancshares by 8.4% in the 4th quarter. Xact Kapitalforvaltning AB now owns 229,776 shares of the bank’s stock worth $3,346,000 after buying an additional 17,839 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its stake in shares of Huntington Bancshares by 9.5% in the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 461,181 shares of the bank’s stock worth $6,715,000 after buying an additional 39,977 shares in the last quarter. Delek Group Ltd. bought a new stake in shares of Huntington Bancshares in the 4th quarter worth $11,719,000. Finally, SWS Partners bought a new stake in shares of Huntington Bancshares in the 4th quarter worth $126,000. 73.92% of the stock is currently owned by hedge funds and other institutional investors.
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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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