Huntington Bancshares Incorporated (NASDAQ:HBAN) Receives Average Recommendation of "Moderate Buy" from Brokerages

Huntington Bancshares Incorporated (NASDAQ:HBAN - Get Free Report) has been assigned an average rating of "Moderate Buy" from the nineteen research firms that are covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $18.35.

Several equities research analysts recently commented on the company. Piper Sandler dropped their target price on Huntington Bancshares from $17.50 to $17.00 and set an "underweight" rating on the stock in a report on Tuesday, January 21st. Baird R W upgraded shares of Huntington Bancshares from a "hold" rating to a "strong-buy" rating in a research note on Friday, March 7th. Keefe, Bruyette & Woods lifted their price target on shares of Huntington Bancshares from $16.00 to $19.00 and gave the stock a "market perform" rating in a research note on Wednesday, December 4th. Barclays upped their price objective on shares of Huntington Bancshares from $17.00 to $19.00 and gave the company an "equal weight" rating in a research report on Monday, January 6th. Finally, Morgan Stanley dropped their target price on Huntington Bancshares from $22.00 to $20.00 and set an "overweight" rating on the stock in a research report on Thursday.

Huntington Bancshares Trading Up 3.3 %

Shares of Huntington Bancshares stock traded up $0.47 during trading hours on Tuesday, reaching $14.75. The stock had a trading volume of 27,472,669 shares, compared to its average volume of 16,042,811. The firm has a 50 day simple moving average of $16.45 and a two-hundred day simple moving average of $16.12. The firm has a market capitalization of $21.44 billion, a price-to-earnings ratio of 11.99, a P/E/G ratio of 1.33 and a beta of 1.07. Huntington Bancshares has a 1 year low of $12.05 and a 1 year high of $18.45. The company has a current ratio of 0.89, a quick ratio of 0.88 and a debt-to-equity ratio of 0.92.

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Huntington Bancshares (NASDAQ:HBAN - Get Free Report) last released its quarterly earnings data on Friday, January 17th. The bank reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.03. Huntington Bancshares had a net margin of 16.23% and a return on equity of 11.23%. During the same quarter in the prior year, the company earned $0.27 earnings per share. As a group, equities research analysts anticipate that Huntington Bancshares will post 1.39 earnings per share for the current year.

Huntington Bancshares Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 18th will be given a $0.155 dividend. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 4.20%. Huntington Bancshares's payout ratio is currently 50.41%.

Institutional Investors Weigh In On Huntington Bancshares

Institutional investors have recently modified their holdings of the business. Carlson Capital Management raised its position in shares of Huntington Bancshares by 0.4% during the 4th quarter. Carlson Capital Management now owns 163,575 shares of the bank's stock worth $2,661,000 after purchasing an additional 692 shares during the period. Farther Finance Advisors LLC lifted its stake in Huntington Bancshares by 6.0% in the fourth quarter. Farther Finance Advisors LLC now owns 12,317 shares of the bank's stock valued at $200,000 after buying an additional 699 shares during the last quarter. Venturi Wealth Management LLC boosted its holdings in shares of Huntington Bancshares by 27.2% during the fourth quarter. Venturi Wealth Management LLC now owns 3,279 shares of the bank's stock valued at $53,000 after acquiring an additional 702 shares during the period. CreativeOne Wealth LLC grew its position in shares of Huntington Bancshares by 4.0% during the fourth quarter. CreativeOne Wealth LLC now owns 20,019 shares of the bank's stock worth $326,000 after acquiring an additional 762 shares during the last quarter. Finally, Lantz Financial LLC increased its holdings in shares of Huntington Bancshares by 6.1% in the 4th quarter. Lantz Financial LLC now owns 13,766 shares of the bank's stock worth $224,000 after acquiring an additional 790 shares during the period. Institutional investors own 80.72% of the company's stock.

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.