Huntington Bancshares Incorporated (NASDAQ:HBAN) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) have earned an average recommendation of “Moderate Buy” from the seventeen research firms that are currently covering the company, Marketbeat reports. Seven investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $14.97.

HBAN has been the topic of a number of recent analyst reports. Barclays raised Huntington Bancshares from an “underweight” rating to an “equal weight” rating and upped their price target for the stock from $12.00 to $15.00 in a research report on Tuesday, January 2nd. Jefferies Financial Group raised Huntington Bancshares from a “hold” rating to a “buy” rating and raised their price target for the stock from $14.00 to $16.00 in a report on Monday, April 8th. Citigroup boosted their price target on Huntington Bancshares from $14.00 to $15.00 and gave the stock a “buy” rating in a research note on Thursday, January 25th. DA Davidson upgraded shares of Huntington Bancshares from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $14.00 to $15.50 in a research note on Tuesday, February 27th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Huntington Bancshares from $15.00 to $16.00 and gave the stock a “neutral” rating in a research report on Thursday, April 4th.

Insider Activity

In other Huntington Bancshares news, Director Ann B. Crane sold 58,000 shares of the company’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $13.54, for a total value of $785,320.00. Following the completion of the transaction, the director now owns 192,247 shares in the company, valued at $2,603,024.38. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, VP Julie C. Tutkovics sold 15,541 shares of the business’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $12.68, for a total value of $197,059.88. Following the completion of the sale, the vice president now owns 303,455 shares of the company’s stock, valued at approximately $3,847,809.40. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Ann B. Crane sold 58,000 shares of the stock in a transaction on Friday, March 8th. The shares were sold at an average price of $13.54, for a total transaction of $785,320.00. Following the transaction, the director now directly owns 192,247 shares in the company, valued at $2,603,024.38. The disclosure for this sale can be found here. Insiders sold a total of 102,241 shares of company stock valued at $1,360,359 in the last three months. 0.89% of the stock is currently owned by corporate insiders.

Institutional Trading of Huntington Bancshares

Institutional investors and hedge funds have recently modified their holdings of the stock. Tyler Stone Wealth Management acquired a new stake in Huntington Bancshares in the 2nd quarter worth about $25,000. Wetzel Investment Advisors Inc. acquired a new stake in shares of Huntington Bancshares in the fourth quarter worth approximately $29,000. Future Financial Wealth Managment LLC purchased a new stake in shares of Huntington Bancshares during the first quarter worth approximately $29,000. Nemes Rush Group LLC raised its stake in Huntington Bancshares by 140.9% in the 4th quarter. Nemes Rush Group LLC now owns 2,378 shares of the bank’s stock valued at $30,000 after purchasing an additional 1,391 shares during the last quarter. Finally, Clear Street Markets LLC lifted its holdings in Huntington Bancshares by 81.6% in the 1st quarter. Clear Street Markets LLC now owns 2,831 shares of the bank’s stock valued at $32,000 after purchasing an additional 1,272 shares in the last quarter. Hedge funds and other institutional investors own 80.72% of the company’s stock.

Huntington Bancshares Stock Performance

Shares of Huntington Bancshares stock opened at $13.28 on Friday. The company has a market capitalization of $19.26 billion, a PE ratio of 10.71, a P/E/G ratio of 2.44 and a beta of 1.11. The company has a 50-day simple moving average of $13.27 and a two-hundred day simple moving average of $12.13. Huntington Bancshares has a one year low of $9.13 and a one year high of $14.07. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.87 and a current ratio of 0.87.

Huntington Bancshares (NASDAQ:HBAN) last issued its quarterly earnings data on Friday, January 19th. The bank reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.15. The firm had revenue of $2.76 billion for the quarter, compared to the consensus estimate of $1.75 billion. Huntington Bancshares had a net margin of 18.00% and a return on equity of 12.96%. During the same quarter in the previous year, the firm earned $0.43 EPS. Research analysts expect that Huntington Bancshares will post 1.21 EPS for the current fiscal year.

Huntington Bancshares Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Monday, June 17th will be issued a $0.155 dividend. This represents a $0.62 dividend on an annualized basis and a yield of 4.67%. Huntington Bancshares’s payout ratio is presently 50.00%.

About Huntington Bancshares

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.