Huntington Bancshares Incorporated (NASDAQ:HBAN) Received Consensus “Hold” Recommendation From Analysts
Shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) earned a consensus “Hold” recommendation from the eleven research firms that cover the company, Marketbeat.com reports. One research analyst gave the stock a sell rating, six gave the company a hold rating, two gave the company a buy rating and one gave the company a strong buy rating. The 1-year average price target among brokerages that have issued ratings on the stock in the past year is $18.21.
A number of equity research analysts have published reports on HBAN shares. Wolfe Research downgraded Huntington Bancshares from an ‘outperform’ rating to a ‘peer performer’ rating and cut its price target for the stock from $20.00 to $18.00 in a research note Wednesday, November 17. Barclays downgraded Huntington Bancshares from an “equal weight” rating to an “underweight” rating and set a price target of $17.00 for the company. in a Monday, January 3, research note. UBS Group began covering shares of Huntington Bancshares in a report on Wednesday. They set a “buy” rating and a price target of $21.00 for the company. Morgan Stanley began covering shares of Huntington Bancshares in a report on Tuesday, January 11. They set an “equal weight” rating and a price target of $19.00 for the company. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Huntington Bancshares in a Friday, December 17 report.
HBAN stock traded down $0.30 during Friday’s trading, hitting $17.63. The company’s shares had a trading volume of 17,087,788 shares, compared to an average trading volume of 9,703,121 shares. Huntington Bancshares has a 1-year low of $13.01 and a 1-year high of $17.64. The company has a quick ratio of 0.83, a current ratio of 0.84 and a debt ratio of 0.45. The company has a market capitalization of $25.50 billion, a P/E ratio of 12.87, a price-to-earnings growth ratio of 0.50 and a beta of 1.27. The company’s fifty-day moving average is $15.83 and its 200-day moving average is $15.35.
Huntington Bancshares (NASDAQ:HBAN) last released its quarterly results on Wednesday, October 27. The bank reported earnings per share (EPS) of $0.22 for the quarter, missing the Zacks consensus estimate of $0.36 per ($0.14). Huntington Bancshares had a return on equity of 13.28% and a net margin of 30.72%. The company posted revenue of $1.70 billion in the quarter, compared to $1.69 billion expected by analysts. In the same quarter a year earlier, the company posted EPS of $0.27. The company’s quarterly revenue increased 35.8% year over year. Analysts expect Huntington Bancshares to post 1.55 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Monday, January 3. Investors of record on Friday, December 17 received a dividend of $0.155. This is an increase from Huntington Bancshares’ previous quarterly dividend of $0.15. The ex-dividend date was Thursday, December 16. This represents a dividend of $0.62 on an annualized basis and a dividend yield of 3.52%. Huntington Bancshares’ dividend payout ratio (DPR) is currently 45.26%.
In other Huntington Bancshares news, General Counsel Jana J. Litsey sold 6,000 shares of the company in a trade dated Friday, January 7. The shares were sold at an average price of $17.25, for a total value of $103,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, accessible via this hyperlink. Additionally, Executive Vice Chairman Richard A. Pohle sold 4,837 shares of the company in a trade dated Wednesday, October 20. The stock was sold at an average price of $16.50, for a total transaction of $79,810.50. The disclosure of this sale can be found here. In the past ninety days, insiders have sold 366,827 shares of the company valued at $5,907,614. 1.04% of the shares are held by insiders.
Hedge funds and other institutional investors have recently changed their positions in the company. Avondale Wealth Management bought a new stake in Huntington Bancshares in the fourth quarter worth about $26,000. Fieldpoint Private Securities LLC increased its stake in Huntington Bancshares by 135.5% in the second quarter. Fieldpoint Private Securities LLC now owns 1,766 shares of the bank worth $26,000 after buying 1,016 additional shares in the last quarter. Achmea Investment Management BV bought a new position in shares of Huntington Bancshares during the third quarter worth approximately $32,000. Dark Forest Capital Management LP bought a new position in shares of Huntington Bancshares during the third quarter worth approximately $38,000. Finally, Stonebridge Capital Advisors LLC increased its position in shares of Huntington Bancshares by 62.2% during the second quarter. Stonebridge Capital Advisors LLC now owns 2,709 shares of the bank worth $39,000 after acquiring an additional 1,039 shares during the period. 78.20% of the shares are held by institutional investors and hedge funds.
Huntington Bancshares Company Profile
Huntington Bancshares, Inc operates as a bank holding company. It provides commercial and consumer banking, mortgage banking, automotive financing, recreational and marine vehicle financing, equipment leasing, investment management, trust services, brokerage services, insurance programs and other financial products and services.
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