Huntington Bancshares Incorporated (NASDAQ:HBAN – Get Free Report) has earned an average rating of “Moderate Buy” from the nineteen research firms that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation, eleven have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $15.71.
A number of brokerages recently commented on HBAN. Argus boosted their price objective on shares of Huntington Bancshares from $15.00 to $16.00 and gave the stock a “buy” rating in a research note on Monday, July 22nd. Piper Sandler boosted their price objective on shares of Huntington Bancshares from $11.50 to $13.50 and gave the stock an “underweight” rating in a research note on Monday, July 22nd. Citigroup boosted their price objective on shares of Huntington Bancshares from $17.00 to $18.00 and gave the stock a “buy” rating in a research note on Monday, July 22nd. StockNews.com downgraded shares of Huntington Bancshares from a “hold” rating to a “sell” rating in a research note on Monday, September 2nd. Finally, Robert W. Baird downgraded Huntington Bancshares from an “outperform” rating to a “neutral” rating and set a $15.00 price target on the stock. in a research report on Friday, July 26th.
View Our Latest Stock Analysis on Huntington Bancshares
Insider Buying and Selling at Huntington Bancshares
Institutional Inflows and Outflows
Several hedge funds have recently modified their holdings of the stock. WealthShield Partners LLC raised its position in shares of Huntington Bancshares by 5.9% during the 2nd quarter. WealthShield Partners LLC now owns 12,237 shares of the bank’s stock worth $163,000 after purchasing an additional 683 shares during the last quarter. UMB Bank n.a. raised its position in shares of Huntington Bancshares by 19.1% during the 3rd quarter. UMB Bank n.a. now owns 4,545 shares of the bank’s stock worth $67,000 after purchasing an additional 728 shares during the last quarter. Foundations Investment Advisors LLC raised its position in shares of Huntington Bancshares by 3.2% during the 2nd quarter. Foundations Investment Advisors LLC now owns 23,647 shares of the bank’s stock worth $312,000 after purchasing an additional 744 shares during the last quarter. Summit Financial Strategies Inc. raised its position in shares of Huntington Bancshares by 2.5% during the 2nd quarter. Summit Financial Strategies Inc. now owns 30,955 shares of the bank’s stock worth $408,000 after purchasing an additional 762 shares during the last quarter. Finally, State of Alaska Department of Revenue raised its position in shares of Huntington Bancshares by 0.5% during the 1st quarter. State of Alaska Department of Revenue now owns 157,152 shares of the bank’s stock worth $2,192,000 after purchasing an additional 780 shares during the last quarter. Institutional investors and hedge funds own 80.72% of the company’s stock.
Huntington Bancshares Stock Performance
Huntington Bancshares stock opened at $15.84 on Friday. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.89 and a quick ratio of 0.88. Huntington Bancshares has a 1-year low of $9.25 and a 1-year high of $16.03. The firm has a market capitalization of $22.96 billion, a P/E ratio of 14.27, a price-to-earnings-growth ratio of 2.77 and a beta of 1.04. The company’s 50-day moving average is $14.49 and its 200 day moving average is $13.91.
Huntington Bancshares (NASDAQ:HBAN – Get Free Report) last issued its earnings results on Friday, July 19th. The bank reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.02. The business had revenue of $2.97 billion for the quarter, compared to analyst estimates of $1.81 billion. Huntington Bancshares had a net margin of 14.77% and a return on equity of 11.34%. During the same period last year, the company posted $0.35 earnings per share. Research analysts forecast that Huntington Bancshares will post 1.18 EPS for the current year.
Huntington Bancshares Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 17th were issued a $0.155 dividend. This represents a $0.62 annualized dividend and a yield of 3.91%. The ex-dividend date of this dividend was Tuesday, September 17th. Huntington Bancshares’s payout ratio is 55.86%.
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.
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