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

Huntington Bancshares Incorporated (NASDAQ:HBAN - Get Free Report) has been given an average recommendation of "Moderate Buy" by the sixteen brokerages that are covering the firm, MarketBeat Ratings reports. Six analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $15.17.

A number of analysts have recently weighed in on HBAN shares. Keefe, Bruyette & Woods increased their price objective on shares of Huntington Bancshares from $14.00 to $15.00 and gave the stock a "market perform" rating in a research note on Friday, April 5th. JPMorgan Chase & Co. lifted their price objective on shares of Huntington Bancshares from $15.00 to $16.00 and gave the company a "neutral" rating in a report on Thursday, April 4th. Royal Bank of Canada lifted their price target on shares of Huntington Bancshares from $15.00 to $16.00 and gave the company an "outperform" rating in a research note on Tuesday, April 9th. UBS Group raised Huntington Bancshares from a "neutral" rating to a "buy" rating and increased their target price for the company from $14.00 to $15.00 in a report on Wednesday, February 14th. Finally, DA Davidson upgraded shares of Huntington Bancshares from a "neutral" rating to a "buy" rating and increased their target price for the company from $14.00 to $15.50 in a research report on Tuesday, February 27th.

Huntington Bancshares Stock Up 1.3 %

Shares of HBAN stock traded up $0.18 during trading hours on Wednesday, reaching $14.26. 12,859,327 shares of the company's stock were exchanged, compared to its average volume of 16,871,471. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.88. The company has a market cap of $20.67 billion, a price-to-earnings ratio of 12.85, a P/E/G ratio of 2.58 and a beta of 1.09. Huntington Bancshares has a fifty-two week low of $9.25 and a fifty-two week high of $14.29. The stock's 50 day moving average is $13.58 and its 200-day moving average is $12.63.

Huntington Bancshares (NASDAQ:HBAN - Get Free Report) last posted its quarterly earnings data on Friday, April 19th. The bank reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.03. The firm had revenue of $2.85 billion for the quarter, compared to the consensus estimate of $1.74 billion. Huntington Bancshares had a net margin of 15.86% and a return on equity of 11.99%. During the same quarter in the prior year, the company posted $0.38 earnings per share. Analysts predict that Huntington Bancshares will post 1.21 earnings per share for the current fiscal year.

Huntington Bancshares Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Monday, June 17th will be paid a $0.155 dividend. The ex-dividend date is Friday, June 14th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 4.35%. Huntington Bancshares's dividend payout ratio (DPR) is presently 55.86%.

Insider Activity

In related news, VP Julie C. Tutkovics sold 15,541 shares of the company's stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $12.68, for a total transaction of $197,059.88. Following the sale, the vice president now directly owns 303,455 shares of the company's stock, valued at approximately $3,847,809.40. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, CFO Zachary Jacob Wasserman sold 30,000 shares of the business's stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $13.66, for a total transaction of $409,800.00. Following the completion of the transaction, the chief financial officer now owns 305,884 shares of the company's stock, valued at $4,178,375.44. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Julie C. Tutkovics sold 15,541 shares of the company's stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $12.68, for a total transaction of $197,059.88. Following the completion of the transaction, the vice president now owns 303,455 shares of the company's stock, valued at approximately $3,847,809.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 224,092 shares of company stock worth $3,031,731. 0.92% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. State of Alaska Department of Revenue lifted its stake in Huntington Bancshares by 0.5% during the first quarter. State of Alaska Department of Revenue now owns 157,152 shares of the bank's stock valued at $2,192,000 after buying an additional 780 shares in the last quarter. Park Avenue Securities LLC boosted its holdings in shares of Huntington Bancshares by 1.3% during the first quarter. Park Avenue Securities LLC now owns 63,098 shares of the bank's stock worth $880,000 after purchasing an additional 794 shares during the period. Pinnacle Wealth Planning Services Inc. grew its holdings in shares of Huntington Bancshares by 6.5% during the 1st quarter. Pinnacle Wealth Planning Services Inc. now owns 13,261 shares of the bank's stock valued at $185,000 after acquiring an additional 805 shares in the last quarter. Arkadios Wealth Advisors grew its stake in Huntington Bancshares by 4.7% in the first quarter. Arkadios Wealth Advisors now owns 17,930 shares of the bank's stock valued at $250,000 after purchasing an additional 811 shares in the last quarter. Finally, Mather Group LLC. raised its stake in shares of Huntington Bancshares by 5.8% during the 4th quarter. Mather Group LLC. now owns 15,391 shares of the bank's stock worth $196,000 after purchasing an additional 837 shares in the last quarter. Institutional investors and hedge funds 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.