Several other equities research analysts have also recently issued reports on the stock. BidaskClub cut shares of Huntington Bancshares from a buy rating to a hold rating in a research note on Thursday, January 4th. Robert W. Baird reaffirmed a hold rating and set a $16.00 price target on shares of Huntington Bancshares in a research note on Wednesday, January 3rd. Barclays raised their price target on shares of Huntington Bancshares from $14.00 to $17.00 and gave the stock an equal weight rating in a research note on Tuesday, January 2nd. Keefe, Bruyette & Woods reissued a hold rating and issued a $16.25 target price on shares of Huntington Bancshares in a research report on Friday, December 22nd. Finally, Morgan Stanley raised their target price on shares of Huntington Bancshares from $14.50 to $16.50 and gave the stock an equal weight rating in a research report on Wednesday, December 13th. Six analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Huntington Bancshares currently has an average rating of Buy and a consensus price target of $16.31.
Huntington Bancshares (HBAN) traded up $0.22 during trading on Monday, hitting $15.85. 7,951,779 shares of the company’s stock traded hands, compared to its average volume of 10,649,955. Huntington Bancshares has a one year low of $12.14 and a one year high of $15.85. The firm has a market cap of $17,130.00, a PE ratio of 19.10, a P/E/G ratio of 1.52 and a beta of 1.33. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.88 and a quick ratio of 0.87.
Huntington Bancshares (NASDAQ:HBAN) last released its quarterly earnings results on Wednesday, October 25th. The bank reported $0.23 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.25 by ($0.02). Huntington Bancshares had a return on equity of 10.68% and a net margin of 25.22%. The firm had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same period in the prior year, the business earned $0.11 earnings per share. equities research analysts predict that Huntington Bancshares will post 0.98 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, January 2nd. Investors of record on Monday, December 18th were given a $0.11 dividend. The ex-dividend date was Friday, December 15th. This is a boost from Huntington Bancshares’s previous quarterly dividend of $0.08. This represents a $0.44 annualized dividend and a dividend yield of 2.78%. Huntington Bancshares’s dividend payout ratio (DPR) is currently 38.55%.
In related news, insider Helga Houston sold 14,513 shares of the firm’s stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $13.77, for a total value of $199,844.01. Following the transaction, the insider now owns 499,824 shares in the company, valued at $6,882,576.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Daniel J. Neumeyer sold 43,491 shares of the firm’s stock in a transaction that occurred on Tuesday, October 31st. The shares were sold at an average price of $13.88, for a total transaction of $603,655.08. Following the completion of the transaction, the executive vice president now owns 427,270 shares in the company, valued at approximately $5,930,507.60. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of HBAN. Capital International Investors raised its holdings in Huntington Bancshares by 22.6% in the second quarter. Capital International Investors now owns 43,919,215 shares of the bank’s stock valued at $593,788,000 after buying an additional 8,101,400 shares during the period. Vanguard Group Inc. raised its holdings in Huntington Bancshares by 2.4% in the second quarter. Vanguard Group Inc. now owns 109,990,274 shares of the bank’s stock valued at $1,487,068,000 after buying an additional 2,558,854 shares during the period. The Manufacturers Life Insurance Company raised its holdings in Huntington Bancshares by 20.1% in the second quarter. The Manufacturers Life Insurance Company now owns 12,364,805 shares of the bank’s stock valued at $167,172,000 after buying an additional 2,065,131 shares during the period. Beacon Investment Advisory Services Inc. purchased a new position in Huntington Bancshares in the third quarter valued at approximately $23,872,000. Finally, Nationwide Fund Advisors raised its holdings in Huntington Bancshares by 430.6% in the second quarter. Nationwide Fund Advisors now owns 1,620,866 shares of the bank’s stock valued at $21,914,000 after buying an additional 1,315,390 shares during the period. Hedge funds and other institutional investors own 73.53% of the company’s stock.
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About Huntington Bancshares
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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