UBS Group Begins Coverage on Huntington Bancshares (NASDAQ:HBAN)

UBS Group assumed coverage on shares of Huntington Bancshares (NASDAQ:HBAN) in a report issued on Wednesday morning, Price Targets.com reports. The brokerage issued a buy rating and a $21.00 target price on the bank’s stock.

Several other research firms have also recently issued reports on HBAN. Morgan Stanley raised their target price on Huntington Bancshares from $18.00 to $19.00 and gave the stock an equal weight rating in a research note on Monday, December 6th. Barclays cut Huntington Bancshares from an equal weight rating to an underweight rating and set a $17.00 target price for the company. in a research note on Monday, January 3rd. TheStreet raised Huntington Bancshares from a c+ rating to a b- rating in a research note on Friday, September 17th. Wolfe Research cut Huntington Bancshares from an outperform rating to a peer perform rating and cut their target price for the stock from $20.00 to $18.00 in a research note on Wednesday, November 17th. Finally, Raymond James raised their price target on Huntington Bancshares from $18.00 to $20.00 and gave the stock a strong-buy rating in a research report on Thursday, October 7th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, two have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of Hold and a consensus price target of $17.94.

NASDAQ:HBAN opened at $17.63 on Wednesday. Huntington Bancshares has a one year low of $13.01 and a one year high of $17.64. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.83 and a current ratio of 0.84. The stock has a market cap of $25.50 billion, a PE ratio of 12.87, a P/E/G ratio of 0.49 and a beta of 1.27. The stock has a 50 day moving average price of $15.83 and a 200 day moving average price of $15.34.

Huntington Bancshares (NASDAQ:HBAN) last posted its quarterly earnings results on Wednesday, October 27th. The bank reported $0.22 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.14). The company had revenue of $1.70 billion during the quarter, compared to analyst estimates of $1.69 billion. Huntington Bancshares had a net margin of 30.72% and a return on equity of 13.28%. Huntington Bancshares’s revenue for the quarter was up 35.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.27 EPS. As a group, analysts predict that Huntington Bancshares will post 1.55 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, January 3rd. Stockholders of record on Friday, December 17th were given a dividend of $0.155 per share. This is a positive change from Huntington Bancshares’s previous quarterly dividend of $0.15. This represents a $0.62 annualized dividend and a dividend yield of 3.52%. The ex-dividend date of this dividend was Thursday, December 16th. Huntington Bancshares’s dividend payout ratio (DPR) is currently 45.26%.

In related news, General Counsel Jana J. Litsey sold 6,000 shares of Huntington Bancshares stock in a transaction on Friday, January 7th. The stock was sold at an average price of $17.25, for a total value of $103,500.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Sandra E. Pierce sold 17,511 shares of Huntington Bancshares stock in a transaction on Monday, January 10th. The shares were sold at an average price of $17.35, for a total value of $303,815.85. The disclosure for this sale can be found here. Over the last quarter, insiders sold 366,827 shares of company stock valued at $5,907,614. 1.04% of the stock is currently owned by company insiders.

Institutional investors have recently bought and sold shares of the business. Fieldpoint Private Securities LLC raised its stake in Huntington Bancshares by 135.5% in the second quarter. Fieldpoint Private Securities LLC now owns 1,766 shares of the bank’s stock valued at $26,000 after buying an additional 1,016 shares in the last quarter. Avondale Wealth Management acquired a new stake in Huntington Bancshares in the fourth quarter valued at $26,000. Achmea Investment Management B.V. acquired a new stake in Huntington Bancshares in the third quarter valued at $32,000. Dark Forest Capital Management LP acquired a new stake in Huntington Bancshares in the third quarter valued at $38,000. Finally, Evermay Wealth Management LLC acquired a new stake in Huntington Bancshares in the second quarter valued at $39,000. Institutional investors own 78.20% of the company’s stock.

Huntington Bancshares Company Profile

Huntington Bancshares, Inc operates as a bank holding company. It 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.

Recommended Story: What is the definition of a trade war?

Analyst Recommendations for Huntington Bancshares (NASDAQ:HBAN)

Receive News & Ratings for Huntington Bancshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Huntington Bancshares and related companies with MarketBeat.com's FREE daily email newsletter.