Huntington Bancshares Incorporated (NASDAQ:HBAN) Announces Quarterly Dividend of $0.15

Huntington Bancshares Incorporated (NASDAQ:HBAN) announced a quarterly dividend on Thursday, October 24th, RTT News reports. Stockholders of record on Wednesday, December 18th will be paid a dividend of 0.15 per share by the bank on Thursday, January 2nd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.23%.

Shares of HBAN traded down $0.28 during trading hours on Thursday, reaching $14.19. 264,521 shares of the company’s stock traded hands, compared to its average volume of 6,487,106. The stock has a market cap of $14.98 billion, a PE ratio of 11.85, a price-to-earnings-growth ratio of 2.09 and a beta of 1.45. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.86. The firm’s 50 day simple moving average is $14.11 and its 200-day simple moving average is $13.61. Huntington Bancshares has a 12 month low of $11.12 and a 12 month high of $14.97.

Huntington Bancshares (NASDAQ:HBAN) last issued its quarterly earnings results on Thursday, July 25th. The bank reported $0.33 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.32 by $0.01. The firm had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.18 billion. Huntington Bancshares had a return on equity of 14.23% and a net margin of 25.77%. The company’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same quarter last year, the company posted $0.30 EPS. As a group, analysts expect that Huntington Bancshares will post 1.31 earnings per share for the current fiscal year.

A number of analysts have recently issued reports on HBAN shares. BidaskClub upgraded Huntington Bancshares from a “sell” rating to a “hold” rating in a research report on Monday, September 2nd. DA Davidson downgraded Huntington Bancshares from a “buy” rating to a “neutral” rating and set a $16.00 price target for the company. in a research report on Friday, September 13th. They noted that the move was a valuation call. Macquarie cut Huntington Bancshares from a “neutral” rating to an “underperform” rating and set a $13.78 price objective on the stock. in a report on Friday, July 12th. Raymond James set a $14.00 price objective on Huntington Bancshares and gave the company a “buy” rating in a report on Thursday, August 29th. Finally, Nomura set a $14.00 price objective on Huntington Bancshares and gave the company a “hold” rating in a report on Friday, July 26th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $15.09.

In related news, EVP Nancy E. Maloney sold 2,604 shares of the firm’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $14.57, for a total transaction of $37,940.28. Following the transaction, the executive vice president now directly owns 80,103 shares of the company’s stock, valued at approximately $1,167,100.71. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 1.22% 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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Dividend History for Huntington Bancshares (NASDAQ:HBAN)

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