Huntington Bancshares (NASDAQ:HBAN - Free Report) had its target price lifted by Barclays from $17.00 to $19.00 in a research report released on Monday morning,Benzinga reports. The firm currently has an equal weight rating on the bank's stock.
A number of other research analysts have also recently commented on the company. StockNews.com raised Huntington Bancshares from a "sell" rating to a "hold" rating in a report on Thursday, December 12th. Piper Sandler increased their price target on Huntington Bancshares from $15.00 to $17.50 and gave the company an "underweight" rating in a report on Tuesday, December 3rd. DA Davidson boosted their target price on Huntington Bancshares from $16.50 to $17.50 and gave the company a "buy" rating in a research report on Monday, October 21st. JPMorgan Chase & Co. reissued an "overweight" rating and set a $20.00 target price (up from $18.50) on shares of Huntington Bancshares in a research note on Wednesday, December 4th. Finally, The Goldman Sachs Group raised their price objective on Huntington Bancshares from $16.25 to $20.00 and gave the stock a "buy" rating in a report on Tuesday, November 26th. One research analyst has rated the stock with a sell rating, six have given a hold rating and twelve have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Huntington Bancshares presently has an average rating of "Moderate Buy" and a consensus price target of $17.69.
Read Our Latest Research Report on HBAN
Huntington Bancshares Trading Up 0.5 %
HBAN traded up $0.08 during trading on Monday, hitting $16.53. 14,772,895 shares of the stock traded hands, compared to its average volume of 16,555,730. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.88 and a quick ratio of 0.87. The firm has a 50-day moving average of $16.99 and a 200 day moving average of $15.26. The firm has a market capitalization of $24.01 billion, a P/E ratio of 15.89, a price-to-earnings-growth ratio of 3.42 and a beta of 1.07. Huntington Bancshares has a 12-month low of $12.02 and a 12-month high of $18.44.
Huntington Bancshares (NASDAQ:HBAN - Get Free Report) last issued its quarterly earnings results on Thursday, October 17th. The bank reported $0.33 EPS for the quarter, topping analysts' consensus estimates of $0.30 by $0.03. Huntington Bancshares had a return on equity of 10.72% and a net margin of 14.19%. The firm had revenue of $1.89 billion for the quarter, compared to analysts' expectations of $1.86 billion. During the same period in the previous year, the firm posted $0.36 EPS. Equities research analysts anticipate that Huntington Bancshares will post 1.22 EPS for the current year.
Huntington Bancshares Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Wednesday, December 18th were given a $0.155 dividend. The ex-dividend date was Wednesday, December 18th. This represents a $0.62 dividend on an annualized basis and a yield of 3.75%. Huntington Bancshares's payout ratio is currently 59.62%.
Insider Buying and Selling at Huntington Bancshares
In other news, insider Helga Houston sold 6,455 shares of the firm's stock in a transaction on Wednesday, October 23rd. The stock was sold at an average price of $15.43, for a total transaction of $99,600.65. Following the completion of the transaction, the insider now directly owns 558,342 shares in the company, valued at $8,615,217.06. This trade represents a 1.14 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Scott D. Kleinman sold 28,600 shares of the business's stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $17.67, for a total value of $505,362.00. Following the completion of the sale, the vice president now owns 496,076 shares in the company, valued at $8,765,662.92. This represents a 5.45 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 43,699 shares of company stock worth $757,356 over the last three months. Insiders own 0.89% of the company's stock.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in HBAN. State Street Corp raised its stake in shares of Huntington Bancshares by 10.3% in the third quarter. State Street Corp now owns 79,474,115 shares of the bank's stock valued at $1,179,319,000 after acquiring an additional 7,439,909 shares in the last quarter. FMR LLC raised its position in Huntington Bancshares by 16.8% in the 3rd quarter. FMR LLC now owns 23,719,168 shares of the bank's stock valued at $348,672,000 after purchasing an additional 3,410,597 shares in the last quarter. Victory Capital Management Inc. boosted its stake in shares of Huntington Bancshares by 13.2% in the 3rd quarter. Victory Capital Management Inc. now owns 20,318,486 shares of the bank's stock valued at $298,682,000 after buying an additional 2,363,988 shares during the period. Point72 Asset Management L.P. grew its position in shares of Huntington Bancshares by 194.8% during the second quarter. Point72 Asset Management L.P. now owns 3,203,789 shares of the bank's stock worth $42,226,000 after buying an additional 2,116,839 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Huntington Bancshares by 2.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 62,708,399 shares of the bank's stock worth $921,778,000 after buying an additional 1,522,767 shares during the period. Institutional investors and hedge funds own 80.72% of the company's stock.
About Huntington Bancshares
(
Get Free Report)
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.
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