Robert W. Baird upgraded shares of Huntington Bancshares (NASDAQ:HBAN - Free Report) from a neutral rating to an outperform rating in a report released on Friday, MarketBeat reports. They currently have $18.00 price objective on the bank's stock.
Other analysts have also issued reports about the stock. StockNews.com raised shares of Huntington Bancshares from a "sell" rating to a "hold" rating in a research report on Thursday, December 12th. Keefe, Bruyette & Woods upped 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 report on Wednesday, December 4th. Stephens reaffirmed an "equal weight" rating and set a $18.50 price target on shares of Huntington Bancshares in a research report on Friday, February 7th. The Goldman Sachs Group upped their price target on shares of Huntington Bancshares from $16.25 to $20.00 and gave the stock a "buy" rating in a research report on Tuesday, November 26th. Finally, Royal Bank of Canada reissued an "outperform" rating and issued a $20.00 price objective on shares of Huntington Bancshares in a research report on Tuesday, January 21st. One analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $18.24.
Get Our Latest Report on HBAN
Huntington Bancshares Stock Up 0.1 %
Shares of HBAN stock traded up $0.01 during trading on Friday, reaching $15.14. The company's stock had a trading volume of 25,516,420 shares, compared to its average volume of 20,992,611. The business has a fifty day moving average price of $16.55 and a 200-day moving average price of $16.11. The company has a quick ratio of 0.88, a current ratio of 0.89 and a debt-to-equity ratio of 0.92. The company has a market cap of $22.01 billion, a price-to-earnings ratio of 12.31, a price-to-earnings-growth ratio of 1.33 and a beta of 1.07. Huntington Bancshares has a one year low of $12.05 and a one year high of $18.44.
Huntington Bancshares (NASDAQ:HBAN - Get Free Report) last announced its quarterly earnings data on Friday, January 17th. The bank reported $0.34 EPS for the quarter, topping analysts' consensus estimates 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 period last year, the firm earned $0.27 EPS. Analysts anticipate that Huntington Bancshares will post 1.39 earnings per share for the current year.
Huntington Bancshares Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 18th will be issued a $0.155 dividend. The ex-dividend date is Tuesday, March 18th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 4.10%. Huntington Bancshares's dividend payout ratio (DPR) is currently 50.41%.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Carlson Capital Management raised its holdings in Huntington Bancshares by 0.4% in the 4th quarter. Carlson Capital Management now owns 163,575 shares of the bank's stock valued at $2,661,000 after buying an additional 692 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in Huntington Bancshares by 6.0% in the 4th 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 raised its holdings in Huntington Bancshares by 27.2% in the 4th quarter. Venturi Wealth Management LLC now owns 3,279 shares of the bank's stock valued at $53,000 after buying an additional 702 shares during the last quarter. CreativeOne Wealth LLC raised its holdings in Huntington Bancshares by 4.0% in the 4th quarter. CreativeOne Wealth LLC now owns 20,019 shares of the bank's stock valued at $326,000 after buying an additional 762 shares during the last quarter. Finally, Lantz Financial LLC raised its holdings in Huntington Bancshares by 6.1% in the 4th quarter. Lantz Financial LLC now owns 13,766 shares of the bank's stock valued at $224,000 after buying an additional 790 shares during the last quarter. Institutional investors own 80.72% of the company's stock.
Huntington Bancshares Company Profile
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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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