Huntington Bancshares Incorporated (NASDAQ:HBAN) Receives $18.06 Consensus Price Target from Brokerages

Shares of Huntington Bancshares Incorporated (NASDAQ:HBAN - Get Free Report) have received an average rating of "Moderate Buy" from the nineteen research firms that are presently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and thirteen have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $18.06.

A number of research analysts recently issued reports on the company. Evercore ISI raised their price target on Huntington Bancshares from $17.00 to $18.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 30th. The Goldman Sachs Group lifted their target price on Huntington Bancshares from $16.25 to $20.00 and gave the company a "buy" rating in a research note on Tuesday, November 26th. JPMorgan Chase & Co. reiterated an "overweight" rating and issued a $20.00 target price (up from $18.50) on shares of Huntington Bancshares in a research note on Wednesday, December 4th. Truist Financial lifted their target price on Huntington Bancshares from $19.00 to $21.00 and gave the company a "buy" rating in a research note on Tuesday, January 21st. Finally, Barclays lifted their target price on Huntington Bancshares from $17.00 to $19.00 and gave the company an "equal weight" rating in a research note on Monday, January 6th.

Huntington Bancshares Stock Performance

NASDAQ:HBAN traded up $0.12 during mid-day trading on Friday, reaching $16.73. 15,881,723 shares of the stock were exchanged, compared to its average volume of 19,882,658. The company has a 50 day simple moving average of $16.74 and a 200-day simple moving average of $15.89. The stock has a market capitalization of $24.31 billion, a P/E ratio of 13.60, a P/E/G ratio of 1.41 and a beta of 1.07. The company has a quick ratio of 0.88, a current ratio of 0.89 and a debt-to-equity ratio of 0.92. Huntington Bancshares has a 1 year low of $12.05 and a 1 year high of $18.44.

Huntington Bancshares (NASDAQ:HBAN - Get Free Report) last released its quarterly earnings results on Friday, January 17th. The bank reported $0.34 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.31 by $0.03. Huntington Bancshares had a return on equity of 11.23% and a net margin of 16.23%. During the same quarter in the prior year, the firm posted $0.27 EPS. Analysts anticipate that Huntington Bancshares will post 1.4 earnings per share for the current fiscal year.

Huntington Bancshares Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, March 18th will be paid 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 3.71%. Huntington Bancshares's dividend payout ratio (DPR) is presently 50.41%.

Institutional Trading of Huntington Bancshares

A number of institutional investors have recently modified their holdings of HBAN. Norges Bank acquired a new position in Huntington Bancshares during the fourth quarter worth $302,826,000. Raymond James Financial Inc. acquired a new position in Huntington Bancshares during the fourth quarter worth $150,444,000. FMR LLC raised its holdings in Huntington Bancshares by 36.9% during the fourth quarter. FMR LLC now owns 32,479,039 shares of the bank's stock worth $528,434,000 after purchasing an additional 8,759,871 shares during the last quarter. State Street Corp raised its holdings in Huntington Bancshares by 10.3% during the third quarter. State Street Corp now owns 79,474,115 shares of the bank's stock worth $1,179,319,000 after purchasing an additional 7,439,909 shares during the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its holdings in Huntington Bancshares by 126.6% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 7,048,773 shares of the bank's stock worth $114,684,000 after purchasing an additional 3,938,769 shares during the last quarter. 80.72% of the stock is currently owned by hedge funds and other institutional investors.

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.