Huntington Bancshares Incorporated (NASDAQ:HBAN) had its target price raised by Nomura from $16.00 to $17.00 in a research note issued to investors on Thursday. Nomura currently has a buy rating on the bank’s stock.
Other equities analysts have also recently issued reports about the stock. BidaskClub cut shares of Huntington Bancshares from a hold rating to a sell rating in a report on Tuesday, August 1st. Deutsche Bank AG restated a buy rating on shares of Huntington Bancshares in a report on Monday, July 3rd. Keefe, Bruyette & Woods set a $14.00 price target on shares of Huntington Bancshares and gave the company a hold rating in a report on Friday, August 11th. Piper Jaffray Companies upgraded shares of Huntington Bancshares from a neutral rating to an overweight rating and boosted their price target for the company from $14.00 to $15.00 in a report on Friday, August 11th. Finally, Instinet restated a buy rating and set a $16.00 price target (up from $15.00) on shares of Huntington Bancshares in a report on Wednesday, July 12th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and twelve have issued a buy rating to the company. Huntington Bancshares presently has an average rating of Buy and a consensus price target of $15.22.
Shares of Huntington Bancshares (HBAN) traded up 0.22% on Thursday, reaching $13.94. The company had a trading volume of 8,316,092 shares. Huntington Bancshares has a 52-week low of $10.07 and a 52-week high of $14.74. The stock has a market capitalization of $15.19 billion, a PE ratio of 19.31 and a beta of 1.38. The company has a 50 day moving average price of $13.60 and a 200 day moving average price of $13.17.
Huntington Bancshares (NASDAQ:HBAN) last posted its quarterly earnings results on Wednesday, October 25th. The bank reported $0.23 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.02). Huntington Bancshares had a net margin of 20.76% and a return on equity of 11.96%. The company had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.10 billion. During the same quarter in the prior year, the firm earned $0.11 earnings per share. On average, equities research analysts anticipate that Huntington Bancshares will post $0.91 earnings per share for the current year.
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The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Monday, December 18th will be issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 3.16%. This is a boost from Huntington Bancshares’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend is Friday, December 15th. Huntington Bancshares’s dividend payout ratio is 39.51%.
In other Huntington Bancshares news, EVP Nicholas G. Stanutz sold 16,000 shares of the company’s stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $12.71, for a total transaction of $203,360.00. Following the completion of the sale, the executive vice president now directly owns 447,722 shares in the company, valued at $5,690,546.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.30% of the stock is owned by corporate insiders.
Hedge funds have recently added to or reduced their stakes in the business. Sun Life Financial INC boosted its holdings in Huntington Bancshares by 99,812.5% during the second quarter. Sun Life Financial INC now owns 7,993 shares of the bank’s stock valued at $108,000 after acquiring an additional 7,985 shares during the period. Chicago Partners Investment Group LLC bought a new stake in Huntington Bancshares during the second quarter valued at about $134,000. YG Partners LLC bought a new stake in Huntington Bancshares during the first quarter valued at about $2,039,000. Verition Fund Management LLC bought a new stake in Huntington Bancshares during the second quarter valued at about $139,000. Finally, Bronfman E.L. Rothschild L.P. boosted its holdings in Huntington Bancshares by 8.7% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 10,382 shares of the bank’s stock valued at $140,000 after acquiring an additional 834 shares during the period. Institutional investors own 74.01% of the company’s stock.
Huntington Bancshares Company Profile
Huntington Bancshares Incorporated (Huntington) is a bank holding company. Through its subsidiaries, including its bank subsidiary, The Huntington National Bank (the Bank), the Company provides commercial and consumer banking services, mortgage banking services, automobile financing, recreational vehicle and marine financing, equipment leasing, investment management, trust services, brokerage services, insurance programs, and other financial products and services.
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