Brokerages Set Huntington Bancshares Incorporated (NASDAQ:HBAN) PT at $15.59

Shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) have been assigned an average recommendation of “Moderate Buy” from the nineteen ratings firms that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, six have issued a hold recommendation, eleven have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $15.59.

A number of research analysts recently weighed in on the company. Jefferies Financial Group dropped their price target on Huntington Bancshares from $16.00 to $15.00 and set a “buy” rating on the stock in a research note on Wednesday, July 3rd. StockNews.com cut Huntington Bancshares from a “hold” rating to a “sell” rating in a research note on Monday, September 2nd. Argus raised their price objective on Huntington Bancshares from $15.00 to $16.00 and gave the company a “buy” rating in a research note on Monday, July 22nd. Morgan Stanley raised their price objective on Huntington Bancshares from $16.00 to $18.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. Finally, Keefe, Bruyette & Woods reduced their price objective on Huntington Bancshares from $15.00 to $14.50 and set a “market perform” rating for the company in a research note on Tuesday, July 9th.

Huntington Bancshares Price Performance

HBAN stock opened at $14.86 on Tuesday. The company’s fifty day simple moving average is $14.36 and its 200 day simple moving average is $13.74. Huntington Bancshares has a 12-month low of $9.25 and a 12-month high of $15.24. The company has a quick ratio of 0.88, a current ratio of 0.89 and a debt-to-equity ratio of 0.96. The firm has a market cap of $21.54 billion, a price-to-earnings ratio of 13.39, a PEG ratio of 2.90 and a beta of 1.05.

Huntington Bancshares (NASDAQ:HBAN) last issued its earnings results on Friday, July 19th. The bank reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.02. The business had revenue of $2.97 billion during the quarter, compared to the consensus estimate of $1.81 billion. Huntington Bancshares had a return on equity of 11.34% and a net margin of 14.77%. During the same period in the previous year, the company posted $0.35 earnings per share. On average, analysts expect that Huntington Bancshares will post 1.19 earnings per share for the current year.

Huntington Bancshares Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Tuesday, September 17th will be issued a dividend of $0.155 per share. The ex-dividend date is Tuesday, September 17th. This represents a $0.62 dividend on an annualized basis and a yield of 4.17%. Huntington Bancshares’s dividend payout ratio (DPR) is currently 55.86%.

Insider Buying and Selling

In other Huntington Bancshares news, VP Brendan A. Lawlor sold 9,050 shares of the business’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of $15.06, for a total value of $136,293.00. Following the sale, the vice president now directly owns 11,111 shares in the company, valued at $167,331.66. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other Huntington Bancshares news, VP Nancy E. Maloney sold 57,537 shares of the business’s stock in a transaction on Tuesday, July 23rd. The stock was sold at an average price of $15.15, for a total value of $871,685.55. Following the sale, the vice president now directly owns 69,595 shares in the company, valued at $1,054,364.25. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Brendan A. Lawlor sold 9,050 shares of the business’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $15.06, for a total value of $136,293.00. Following the completion of the sale, the vice president now owns 11,111 shares in the company, valued at $167,331.66. The disclosure for this sale can be found here. Over the last three months, insiders have sold 116,622 shares of company stock worth $1,762,904. 0.89% of the stock is owned by company insiders.

Hedge Funds Weigh In On Huntington Bancshares

Hedge funds have recently made changes to their positions in the stock. Future Financial Wealth Managment LLC purchased a new position in shares of Huntington Bancshares in the first quarter valued at $29,000. YHB Investment Advisors Inc. purchased a new position in shares of Huntington Bancshares in the first quarter valued at $30,000. Hazlett Burt & Watson Inc. grew its position in shares of Huntington Bancshares by 695.5% in the second quarter. Hazlett Burt & Watson Inc. now owns 2,291 shares of the bank’s stock valued at $30,000 after purchasing an additional 2,003 shares in the last quarter. Nemes Rush Group LLC grew its position in shares of Huntington Bancshares by 140.9% in the fourth quarter. Nemes Rush Group LLC now owns 2,378 shares of the bank’s stock valued at $30,000 after purchasing an additional 1,391 shares in the last quarter. Finally, Register Financial Advisors LLC purchased a new position in shares of Huntington Bancshares in the first quarter valued at $40,000. 80.72% of the stock is currently 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.