Raymond James reaffirmed their buy rating on shares of Huntington Bancshares (NASDAQ:HBAN) in a report released on Monday, AnalystRatings.com reports. The firm currently has a $12.00 target price on the bank’s stock.
A number of other research analysts also recently weighed in on HBAN. Royal Bank of Canada raised their price target on shares of Huntington Bancshares from $10.00 to $12.00 and gave the company an outperform rating in a report on Thursday, June 11th. BMO Capital Markets raised their price target on shares of Huntington Bancshares from $9.00 to $10.00 and gave the company a market perform rating in a report on Friday, July 24th. Stephens upgraded shares of Huntington Bancshares from an equal weight rating to an overweight rating and raised their price target for the company from $9.00 to $10.50 in a report on Wednesday, June 3rd. ValuEngine upgraded shares of Huntington Bancshares from a sell rating to a hold rating in a report on Friday, June 5th. Finally, BidaskClub downgraded shares of Huntington Bancshares from a sell rating to a strong sell rating in a report on Thursday, September 3rd. One research analyst has rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the stock. The stock presently has an average rating of Hold and an average target price of $10.18.
HBAN stock opened at $9.89 on Monday. Huntington Bancshares has a 12-month low of $6.82 and a 12-month high of $15.63. The company has a quick ratio of 0.90, a current ratio of 0.92 and a debt-to-equity ratio of 0.92. The company has a market cap of $10.06 billion, a price-to-earnings ratio of 12.68, a PEG ratio of 3.34 and a beta of 1.49. The company has a 50 day moving average of $9.60 and a two-hundred day moving average of $9.15.
Huntington Bancshares (NASDAQ:HBAN) last released its earnings results on Thursday, July 23rd. The bank reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.09. Huntington Bancshares had a net margin of 16.27% and a return on equity of 8.35%. The company had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.15 billion. During the same quarter in the prior year, the firm earned $0.33 EPS. The company’s revenue was down .4% compared to the same quarter last year. On average, research analysts anticipate that Huntington Bancshares will post 0.59 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Thursday, September 17th will be given a $0.15 dividend. The ex-dividend date is Wednesday, September 16th. This represents a $0.60 annualized dividend and a yield of 6.07%. Huntington Bancshares’s dividend payout ratio is 47.24%.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Paradigm Asset Management Co. LLC acquired a new stake in Huntington Bancshares in the 2nd quarter worth $47,000. Ameritas Investment Company LLC boosted its position in shares of Huntington Bancshares by 72.2% during the 1st quarter. Ameritas Investment Company LLC now owns 5,498 shares of the bank’s stock valued at $42,000 after acquiring an additional 2,305 shares in the last quarter. CSat Investment Advisory L.P. boosted its position in shares of Huntington Bancshares by 38.0% during the 2nd quarter. CSat Investment Advisory L.P. now owns 6,474 shares of the bank’s stock valued at $59,000 after acquiring an additional 1,784 shares in the last quarter. First Manhattan Co. boosted its position in shares of Huntington Bancshares by 81.6% during the 1st quarter. First Manhattan Co. now owns 7,227 shares of the bank’s stock valued at $59,000 after acquiring an additional 3,248 shares in the last quarter. Finally, Bartlett & Co. LLC acquired a new stake in shares of Huntington Bancshares during the 1st quarter valued at about $69,000. Institutional investors own 71.45% of the company’s stock.
Huntington Bancshares Company Profile
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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