Huntington Bancshares (NASDAQ:HBAN - Get Free Report) released its earnings results on Friday. The bank reported $0.28 EPS for the quarter, topping analysts' consensus estimates of $0.25 by $0.03, Briefing.com reports. Huntington Bancshares had a return on equity of 12.96% and a net margin of 18.00%. The firm had revenue of $2.85 billion during the quarter, compared to the consensus estimate of $1.74 billion. During the same quarter in the previous year, the company posted $0.38 earnings per share.
Huntington Bancshares Trading Up 0.8 %
Shares of Huntington Bancshares stock traded up $0.10 during trading hours on Friday, hitting $13.28. The company's stock had a trading volume of 39,981,446 shares, compared to its average volume of 14,462,811. Huntington Bancshares has a twelve month low of $9.13 and a twelve month high of $14.07. The firm has a fifty day moving average of $13.27 and a 200-day moving average of $12.15. The stock has a market cap of $19.26 billion, a price-to-earnings ratio of 10.71, a P/E/G ratio of 2.45 and a beta of 1.11. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.87 and a current ratio of 0.87.
Huntington Bancshares Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Monday, June 17th will be paid a $0.155 dividend. This represents a $0.62 annualized dividend and a dividend yield of 4.67%. Huntington Bancshares's dividend payout ratio (DPR) is presently 50.00%.
Analyst Ratings Changes
HBAN has been the subject of several research analyst reports. DA Davidson raised Huntington Bancshares from a "neutral" rating to a "buy" rating and upped their target price for the stock from $14.00 to $15.50 in a research note on Tuesday, February 27th. Citigroup upped their target price on Huntington Bancshares from $14.00 to $15.00 and gave the stock a "buy" rating in a research note on Thursday, January 25th. Keefe, Bruyette & Woods boosted their price target on Huntington Bancshares from $14.00 to $15.00 and gave the stock a "market perform" rating in a research report on Friday, April 5th. JPMorgan Chase & Co. boosted their price target on Huntington Bancshares from $15.00 to $16.00 and gave the stock a "neutral" rating in a research report on Thursday, April 4th. Finally, Royal Bank of Canada boosted their price target on Huntington Bancshares from $15.00 to $16.00 and gave the stock an "outperform" rating in a research report on Tuesday, April 9th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Huntington Bancshares presently has a consensus rating of "Moderate Buy" and a consensus price target of $14.97.
Check Out Our Latest Analysis on HBAN
Insider Buying and Selling
In related news, Director Ann B. Crane sold 58,000 shares of the stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $13.54, for a total transaction of $785,320.00. Following the transaction, the director now owns 192,247 shares of the company's stock, valued at approximately $2,603,024.38. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, Director Ann B. Crane sold 58,000 shares of the stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $13.54, for a total transaction of $785,320.00. Following the transaction, the director now owns 192,247 shares of the company's stock, valued at approximately $2,603,024.38. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Helga Houston sold 28,700 shares of the stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $13.17, for a total value of $377,979.00. Following the transaction, the insider now directly owns 568,222 shares in the company, valued at approximately $7,483,483.74. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 102,241 shares of company stock valued at $1,360,359. Corporate insiders own 0.89% of the company's stock.
Institutional Investors Weigh In On Huntington Bancshares
A number of hedge funds have recently bought and sold shares of HBAN. Norges Bank acquired a new stake in Huntington Bancshares in the 4th quarter valued at about $216,049,000. First Trust Advisors LP increased its holdings in shares of Huntington Bancshares by 359.4% in the 1st quarter. First Trust Advisors LP now owns 18,947,586 shares of the bank's stock valued at $212,213,000 after acquiring an additional 14,823,508 shares during the last quarter. Schonfeld Strategic Advisors LLC increased its holdings in shares of Huntington Bancshares by 2,536.9% in the 1st quarter. Schonfeld Strategic Advisors LLC now owns 5,936,016 shares of the bank's stock valued at $66,483,000 after acquiring an additional 5,710,903 shares during the last quarter. Barclays PLC increased its holdings in shares of Huntington Bancshares by 56.1% in the 4th quarter. Barclays PLC now owns 8,421,022 shares of the bank's stock valued at $107,111,000 after acquiring an additional 3,025,048 shares during the last quarter. Finally, Vanguard Group Inc. increased its holdings in shares of Huntington Bancshares by 1.5% in the 1st quarter. Vanguard Group Inc. now owns 162,794,916 shares of the bank's stock valued at $2,380,062,000 after acquiring an additional 2,353,575 shares during the last quarter. Institutional investors and hedge funds own 80.72% of the company's stock.
Huntington Bancshares Company Profile
(
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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