Huntington Bancshares Incorporated (NASDAQ:HBAN) Receives $15.71 Consensus PT from Analysts

Huntington Bancshares Incorporated (NASDAQ:HBAN) has earned an average recommendation of “Moderate Buy” from the nineteen brokerages that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, six have given a hold recommendation, eleven have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $15.71.

A number of brokerages have commented on HBAN. Bank of America raised their price objective on Huntington Bancshares from $15.00 to $17.00 and gave the stock a “buy” rating in a research report on Monday, July 22nd. Citigroup lifted their price target on Huntington Bancshares from $17.00 to $18.00 and gave the stock a “buy” rating in a research report on Monday, July 22nd. JPMorgan Chase & Co. lowered their price objective on Huntington Bancshares from $17.00 to $16.50 and set an “overweight” rating on the stock in a research report on Thursday, June 27th. Baird R W cut Huntington Bancshares from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 26th. Finally, StockNews.com cut Huntington Bancshares from a “hold” rating to a “sell” rating in a report on Monday, September 2nd.

Insider Activity at Huntington Bancshares

In other Huntington Bancshares news, VP Brendan A. Lawlor sold 9,050 shares of the stock in a transaction on Monday, July 29th. The stock was sold at an average price of $15.06, for a total transaction of $136,293.00. Following the completion of the transaction, the vice president now directly owns 11,111 shares of the company’s stock, valued at approximately $167,331.66. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, VP Brendan A. Lawlor sold 9,050 shares of Huntington Bancshares stock in a transaction on Monday, July 29th. The stock was sold at an average price of $15.06, for a total transaction of $136,293.00. Following the completion of the sale, the vice president now owns 11,111 shares of the company’s stock, valued at approximately $167,331.66. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Helga Houston sold 11,288 shares of the firm’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $15.02, for a total value of $169,545.76. Following the sale, the insider now owns 618,832 shares in the company, valued at $9,294,856.64. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 116,622 shares of company stock valued at $1,762,904. 0.89% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. WealthShield Partners LLC boosted its position in shares of Huntington Bancshares by 5.9% in the 2nd quarter. WealthShield Partners LLC now owns 12,237 shares of the bank’s stock worth $163,000 after purchasing an additional 683 shares in the last quarter. UMB Bank n.a. boosted its holdings in Huntington Bancshares by 19.1% in the 3rd quarter. UMB Bank n.a. now owns 4,545 shares of the bank’s stock worth $67,000 after buying an additional 728 shares during the period. Foundations Investment Advisors LLC boosted its holdings in Huntington Bancshares by 3.2% in the 2nd quarter. Foundations Investment Advisors LLC now owns 23,647 shares of the bank’s stock worth $312,000 after buying an additional 744 shares during the period. Summit Financial Strategies Inc. boosted its holdings in Huntington Bancshares by 2.5% in the 2nd quarter. Summit Financial Strategies Inc. now owns 30,955 shares of the bank’s stock worth $408,000 after buying an additional 762 shares during the period. Finally, State of Alaska Department of Revenue boosted its holdings in shares of Huntington Bancshares by 0.5% during the 1st quarter. State of Alaska Department of Revenue now owns 157,152 shares of the bank’s stock valued at $2,192,000 after purchasing an additional 780 shares during the last quarter. Hedge funds and other institutional investors own 80.72% of the company’s stock.

Huntington Bancshares Trading Up 1.6 %

Shares of HBAN opened at $15.84 on Friday. The company has a current ratio of 0.89, a quick ratio of 0.88 and a debt-to-equity ratio of 0.96. Huntington Bancshares has a 1-year low of $9.25 and a 1-year high of $16.03. The stock has a market capitalization of $22.96 billion, a P/E ratio of 14.27, a P/E/G ratio of 2.77 and a beta of 1.04. The business’s 50-day moving average price is $14.49 and its 200 day moving average price is $13.91.

Huntington Bancshares (NASDAQ:HBAN) last released its quarterly earnings results on Friday, July 19th. The bank reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.02. Huntington Bancshares had a net margin of 14.77% and a return on equity of 11.34%. The business had revenue of $2.97 billion for the quarter, compared to analyst estimates of $1.81 billion. During the same quarter in the previous year, the business earned $0.35 earnings per share. Analysts expect that Huntington Bancshares will post 1.18 earnings per share for the current year.

Huntington Bancshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 17th were paid a $0.155 dividend. This represents a $0.62 annualized dividend and a dividend yield of 3.91%. The ex-dividend date was Tuesday, September 17th. Huntington Bancshares’s dividend payout ratio (DPR) is presently 55.86%.

Huntington Bancshares Company Profile

Huntington Bancshares Incorporated operates as the bank holding company for The Huntington National Bank that provides commercial, consumer, and mortgage banking services in the United States. The company offers financial products and services to consumer and business customers, including deposits, lending, payments, mortgage banking, dealer financing, investment management, trust, brokerage, insurance, and other financial products and services.