Huntington Bancshares Incorporated (NASDAQ:HBAN) Given Average Recommendation of "Moderate Buy" by Analysts

Shares of Huntington Bancshares Incorporated (NASDAQ:HBAN - Get Free Report) have been given an average rating of "Moderate Buy" by the nineteen research firms that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, five have given a hold rating, twelve have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $16.09.

Several research analysts have recently weighed in on HBAN shares. Piper Sandler boosted their price target on Huntington Bancshares from $14.00 to $15.00 and gave the stock an "underweight" rating in a research note on Friday, October 18th. Bank of America boosted their price objective on Huntington Bancshares from $15.00 to $17.00 and gave the company a "buy" rating in a research note on Monday, July 22nd. Argus raised their price objective on shares of Huntington Bancshares from $15.00 to $16.00 and gave the company a "buy" rating in a research report on Monday, July 22nd. Morgan Stanley increased their price target on Huntington Bancshares from $16.00 to $18.00 and gave the stock an "overweight" rating in a research note on Monday, August 5th. Finally, Keefe, Bruyette & Woods lowered their price target on Huntington Bancshares from $15.00 to $14.50 and set a "market perform" rating on the stock in a report on Tuesday, July 9th.

Insider Transactions at Huntington Bancshares

In related news, insider Helga Houston sold 6,455 shares of Huntington Bancshares stock in a transaction dated Wednesday, October 23rd. The shares were sold at an average price of $15.43, for a total transaction of $99,600.65. Following the completion of the sale, the insider now owns 558,342 shares in the company, valued at $8,615,217.06. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.92% of the company's stock.

Institutional Investors Weigh In On Huntington Bancshares

A number of hedge funds have recently made changes to their positions in the stock. Asset Dedication LLC lifted its position in shares of Huntington Bancshares by 200.7% during the third quarter. Asset Dedication LLC now owns 1,801 shares of the bank's stock valued at $26,000 after buying an additional 1,202 shares during the last quarter. Peoples Bank KS purchased a new position in Huntington Bancshares in the third quarter worth $29,000. Future Financial Wealth Managment LLC acquired a new position in shares of Huntington Bancshares during the third quarter worth $31,000. Fortitude Family Office LLC purchased a new stake in shares of Huntington Bancshares during the 3rd quarter valued at $32,000. Finally, Hazlett Burt & Watson Inc. boosted its position in shares of Huntington Bancshares by 695.5% in the 2nd quarter. Hazlett Burt & Watson Inc. now owns 2,291 shares of the bank's stock worth $30,000 after purchasing an additional 2,003 shares in the last quarter. 80.72% of the stock is currently owned by hedge funds and other institutional investors.

Huntington Bancshares Stock Up 12.7 %

HBAN stock traded up $1.98 during trading on Wednesday, hitting $17.52. 39,307,135 shares of the stock traded hands, compared to its average volume of 16,074,198. The stock has a market cap of $25.45 billion, a price-to-earnings ratio of 16.71, a price-to-earnings-growth ratio of 3.15 and a beta of 1.03. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.88 and a quick ratio of 0.87. Huntington Bancshares has a 1 year low of $10.10 and a 1 year high of $17.53. The firm's 50 day moving average is $14.93 and its two-hundred day moving average is $14.11.

Huntington Bancshares (NASDAQ:HBAN - Get Free Report) last posted its quarterly earnings results on Thursday, October 17th. The bank reported $0.33 EPS for the quarter, beating analysts' consensus estimates of $0.30 by $0.03. Huntington Bancshares had a net margin of 14.19% and a return on equity of 10.72%. The firm had revenue of $1.89 billion for the quarter, compared to analysts' expectations of $1.86 billion. During the same quarter in the prior year, the company posted $0.36 earnings per share. On average, sell-side analysts anticipate that Huntington Bancshares will post 1.2 EPS for the current year.

Huntington Bancshares Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Wednesday, December 18th will be given a dividend of $0.155 per share. The ex-dividend date of this dividend is Wednesday, December 18th. This represents a $0.62 annualized dividend and a dividend yield of 3.54%. Huntington Bancshares's dividend payout ratio (DPR) is 59.62%.

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.