Huntington Bancshares Incorporated (NASDAQ:HBAN) announced a quarterly dividend on Friday, October 20th, RTT News reports. Shareholders of record on Monday, December 18th will be paid a dividend of 0.11 per share by the bank on Tuesday, January 2nd. This represents a $0.44 annualized dividend and a yield of 3.10%. The ex-dividend date is Friday, December 15th. This is an increase from Huntington Bancshares’s previous quarterly dividend of $0.08.
Shares of Huntington Bancshares (NASDAQ:HBAN) opened at 14.19 on Friday. The company has a market cap of $15.47 billion, a price-to-earnings ratio of 19.65 and a beta of 1.38. Huntington Bancshares has a 52 week low of $10.04 and a 52 week high of $14.74. The firm’s 50-day moving average price is $13.41 and its 200 day moving average price is $13.13.
Huntington Bancshares (NASDAQ:HBAN) last issued its quarterly earnings data on Friday, July 21st. The bank reported $0.26 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.23 by $0.03. The firm had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.07 billion. Huntington Bancshares had a return on equity of 11.39% and a net margin of 18.41%. During the same quarter last year, the business posted $0.19 earnings per share. On average, equities research analysts forecast that Huntington Bancshares will post $0.92 EPS for the current year.
A number of brokerages recently commented on HBAN. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $16.00 price target on shares of Huntington Bancshares in a report on Thursday, July 27th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $14.25 price target on shares of Huntington Bancshares in a report on Friday, October 13th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $15.00 price target (down previously from $16.00) on shares of Huntington Bancshares in a report on Friday, July 21st. Sanford C. Bernstein raised shares of Huntington Bancshares from a “market perform” rating to an “outperform” rating and increased their price target for the company from $15.00 to $17.00 in a report on Thursday, September 14th. Finally, Hilliard Lyons raised shares of Huntington Bancshares from a “neutral” rating to a “buy” rating and increased their price target for the company from $14.00 to $15.00 in a report on Monday, July 24th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $15.06.
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Huntington Bancshares declared that its Board of Directors has authorized a share buyback plan on Wednesday, June 28th that permits the company to buyback $308.00 million in shares. This buyback authorization permits the bank to reacquire up to 2.2% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.
In other Huntington Bancshares news, EVP Nicholas G. Stanutz sold 16,000 shares of the firm’s stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $12.71, for a total value of $203,360.00. Following the completion of the sale, the executive vice president now owns 447,722 shares of the company’s stock, valued at $5,690,546.62. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Richard W. Neu acquired 2,450 shares of the firm’s stock in a transaction on Friday, July 28th. The stock was purchased at an average cost of $13.10 per share, with a total value of $32,095.00. Following the purchase, the director now owns 184,596 shares of the company’s stock, valued at $2,418,207.60. The disclosure for this purchase can be found here. 1.30% of the stock is owned by company insiders.
Huntington Bancshares Company Profile
Huntington Bancshares Incorporated (Huntington) is a bank holding company. Through its subsidiaries, including its bank subsidiary, The Huntington National Bank (the Bank), the Company provides commercial and consumer banking services, mortgage banking services, automobile financing, recreational vehicle and marine financing, equipment leasing, investment management, trust services, brokerage services, insurance programs, and other financial products and services.
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