DA Davidson began coverage on shares of Huntington Bancshares (NASDAQ:HBAN) in a report released on Monday, TipRanks reports. The firm issued a hold rating and a $8.00 target price on the bank’s stock.
Several other research analysts have also commented on the company. Royal Bank of Canada reiterated a buy rating and issued a $16.00 target price on shares of Huntington Bancshares in a research report on Monday, January 27th. Morgan Stanley decreased their target price on Huntington Bancshares from $13.50 to $13.00 and set an equal weight rating for the company in a research report on Tuesday, March 17th. Nomura reiterated a hold rating and issued a $14.00 target price on shares of Huntington Bancshares in a research report on Monday, January 27th. Robert W. Baird upgraded Huntington Bancshares from a neutral rating to an outperform rating and set a $15.00 target price for the company in a research report on Monday, March 9th. Finally, BidaskClub lowered Huntington Bancshares from a sell rating to a strong sell rating in a research report on Wednesday, January 29th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the company. The company currently has an average rating of Hold and an average target price of $14.43.
Shares of NASDAQ HBAN opened at $8.50 on Monday. Huntington Bancshares has a fifty-two week low of $6.85 and a fifty-two week high of $15.63. The business has a 50 day moving average price of $11.49 and a two-hundred day moving average price of $13.78. The company has a quick ratio of 0.89, a current ratio of 0.90 and a debt-to-equity ratio of 0.93. The firm has a market cap of $7.57 billion, a PE ratio of 6.69, a price-to-earnings-growth ratio of 1.22 and a beta of 1.43.
Huntington Bancshares (NASDAQ:HBAN) last issued its quarterly earnings data on Thursday, January 23rd. The bank reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.03). Huntington Bancshares had a net margin of 24.95% and a return on equity of 13.44%. The business had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.16 billion. During the same quarter last year, the business earned $0.29 EPS. On average, analysts anticipate that Huntington Bancshares will post 1.24 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Wednesday, March 18th will be given a $0.15 dividend. The ex-dividend date is Tuesday, March 17th. This represents a $0.60 annualized dividend and a dividend yield of 7.06%. Huntington Bancshares’s payout ratio is 47.24%.
In related news, Director Richard W. Neu acquired 5,900 shares of Huntington Bancshares stock in a transaction that occurred on Monday, January 27th. The stock was acquired at an average price of $13.48 per share, for a total transaction of $79,532.00. Following the transaction, the director now directly owns 216,516 shares of the company’s stock, valued at approximately $2,918,635.68. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 0.70% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in HBAN. Norges Bank acquired a new position in Huntington Bancshares during the 4th quarter valued at approximately $206,248,000. Advisory Research Inc. boosted its position in Huntington Bancshares by 1,477.7% during the 4th quarter. Advisory Research Inc. now owns 2,300,496 shares of the bank’s stock valued at $34,691,000 after purchasing an additional 2,154,683 shares during the period. Anchor Capital Advisors LLC boosted its position in Huntington Bancshares by 59.6% during the 4th quarter. Anchor Capital Advisors LLC now owns 4,687,621 shares of the bank’s stock valued at $70,689,000 after purchasing an additional 1,751,425 shares during the period. KAMES CAPITAL plc acquired a new position in Huntington Bancshares during the 4th quarter valued at approximately $15,517,000. Finally, UBS Group AG boosted its position in Huntington Bancshares by 31.3% during the 4th quarter. UBS Group AG now owns 3,271,755 shares of the bank’s stock valued at $49,338,000 after purchasing an additional 780,749 shares during the period. Institutional investors and hedge funds own 76.25% of the company’s stock.
About Huntington Bancshares
Huntington Bancshares Incorporated operates as a holding company for The Huntington National Bank that provides commercial, small business, consumer, and mortgage banking services. The company operates through four business segments: Consumer and Business Banking, Commercial Banking, Vehicle Finance, and Regional Banking and The Huntington Private Client Group (RBHPCG).
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