BidaskClub cut shares of Huntington Bancshares (NASDAQ:HBAN) from a sell rating to a strong sell rating in a research note released on Monday, February 4th.
Several other analysts have also issued reports on the company. ValuEngine lowered Huntington Bancshares from a hold rating to a sell rating in a report on Monday, October 22nd. Zacks Investment Research downgraded Huntington Bancshares from a buy rating to a hold rating in a research report on Tuesday, October 9th. Vining Sparks reissued a buy rating and set a $18.00 price target on shares of Huntington Bancshares in a research report on Thursday, January 24th. Sandler O’Neill downgraded Huntington Bancshares from a buy rating to a hold rating and set a $16.00 price target on the stock. in a research report on Thursday, November 29th. They noted that the move was a valuation call. Finally, Raymond James boosted their price target on Huntington Bancshares from $15.50 to $16.00 and gave the stock an outperform rating in a research report on Friday, November 16th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company. The company currently has an average rating of Hold and a consensus target price of $16.50.
Shares of Huntington Bancshares stock opened at $14.40 on Monday. The stock has a market capitalization of $15.00 billion, a PE ratio of 12.00, a PEG ratio of 1.18 and a beta of 1.35. Huntington Bancshares has a one year low of $11.12 and a one year high of $16.60. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.86 and a current ratio of 0.87.
Huntington Bancshares (NASDAQ:HBAN) last issued its quarterly earnings results on Thursday, January 24th. The bank reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.02). The firm had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.16 billion. Huntington Bancshares had a net margin of 26.43% and a return on equity of 13.93%. During the same quarter last year, the firm earned $0.26 earnings per share. Analysts predict that Huntington Bancshares will post 1.34 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, April 1st. Investors of record on Monday, March 18th will be given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 3.89%. The ex-dividend date is Friday, March 15th. Huntington Bancshares’s dividend payout ratio is currently 46.67%.
In other Huntington Bancshares news, EVP Daniel J. Neumeyer sold 60,000 shares of the company’s stock in a transaction on Monday, February 11th. The stock was sold at an average price of $13.71, for a total transaction of $822,600.00. Following the completion of the sale, the executive vice president now directly owns 356,615 shares in the company, valued at $4,889,191.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Kathleen H. Ransier sold 3,067 shares of the company’s stock in a transaction on Wednesday, February 27th. The stock was sold at an average price of $14.30, for a total value of $43,858.10. The disclosure for this sale can be found here. Insiders have sold 81,577 shares of company stock worth $1,116,158 in the last three months. 1.05% of the stock is currently owned by company insiders.
Institutional investors and hedge funds have recently made changes to their positions in the company. Financial Gravity Companies Inc. bought a new position in shares of Huntington Bancshares in the 4th quarter valued at $25,000. JOYN Advisors Inc. increased its holdings in Huntington Bancshares by 207.5% in the fourth quarter. JOYN Advisors Inc. now owns 2,079 shares of the bank’s stock valued at $25,000 after purchasing an additional 1,403 shares during the period. FTB Advisors Inc. increased its holdings in Huntington Bancshares by 1,100.5% in the fourth quarter. FTB Advisors Inc. now owns 2,401 shares of the bank’s stock valued at $28,000 after purchasing an additional 2,201 shares during the period. We Are One Seven LLC acquired a new stake in Huntington Bancshares in the fourth quarter valued at $29,000. Finally, Transamerica Financial Advisors Inc. increased its holdings in Huntington Bancshares by 562.0% in the fourth quarter. Transamerica Financial Advisors Inc. now owns 2,721 shares of the bank’s stock valued at $33,000 after purchasing an additional 2,310 shares during the period. Institutional investors own 78.29% of the company’s stock.
About Huntington Bancshares
Huntington Bancshares Incorporated operates as a holding company for The Huntington National Bank that provides commercial, small business, consumer, and mortgage banking services. The company operates through four business segments: Consumer and Business Banking, Commercial Banking, Vehicle Finance, and Regional Banking and The Huntington Private Client Group (RBHPCG).
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