Huntington Bancshares (NASDAQ:HBAN) PT Set at $15.00 by Piper Sandler

Piper Sandler set a $15.00 price target on Huntington Bancshares (NASDAQ:HBANGet Rating) in a research note published on Monday, Stock Target Advisor reports.

A number of other brokerages have also issued reports on HBAN. The Goldman Sachs Group dropped their price target on shares of Huntington Bancshares from $17.50 to $14.50 and set a buy rating on the stock in a research note on Tuesday, May 31st. Raymond James dropped their price target on shares of Huntington Bancshares from $19.00 to $18.00 and set a strong-buy rating on the stock in a research note on Friday, April 22nd. Stephens upgraded shares of Huntington Bancshares from an equal weight rating to an overweight rating and boosted their price target for the stock from $16.00 to $17.00 in a research note on Monday, April 25th. StockNews.com upgraded shares of Huntington Bancshares from a sell rating to a hold rating in a research note on Friday, April 22nd. Finally, Keefe, Bruyette & Woods lowered shares of Huntington Bancshares from a market perform rating to an underperform rating and dropped their price target for the stock from $17.00 to $15.00 in a research note on Thursday, June 2nd. Three analysts have rated the stock with a sell rating, four have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Huntington Bancshares presently has an average rating of Hold and an average price target of $16.15.

NASDAQ HBAN opened at $11.94 on Monday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.80 and a current ratio of 0.80. The firm has a market cap of $17.18 billion, a PE ratio of 10.21 and a beta of 1.18. Huntington Bancshares has a one year low of $11.73 and a one year high of $17.79. The firm’s fifty day moving average is $13.23 and its two-hundred day moving average is $14.65.

Huntington Bancshares (NASDAQ:HBANGet Rating) last posted its quarterly earnings data on Thursday, April 21st. The bank reported $0.32 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.01. The company had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.63 billion. Huntington Bancshares had a net margin of 26.96% and a return on equity of 12.19%. Huntington Bancshares’s quarterly revenue was up 20.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.48 earnings per share. Research analysts predict that Huntington Bancshares will post 1.42 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 1st. Investors of record on Friday, June 17th will be paid a dividend of $0.155 per share. This represents a $0.62 annualized dividend and a dividend yield of 5.19%. The ex-dividend date is Thursday, June 16th. Huntington Bancshares’s payout ratio is 52.99%.

In related news, CEO Stephen D. Steinour purchased 14,234 shares of the company’s stock in a transaction that occurred on Tuesday, April 26th. The stock was purchased at an average price of $13.98 per share, with a total value of $198,991.32. Following the completion of the transaction, the chief executive officer now owns 627,104 shares of the company’s stock, valued at approximately $8,766,913.92. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Helga Houston sold 28,166 shares of the company’s stock in a transaction that occurred on Tuesday, May 31st. The stock was sold at an average price of $13.77, for a total transaction of $387,845.82. Following the transaction, the insider now directly owns 496,474 shares of the company’s stock, valued at approximately $6,836,446.98. The disclosure for this sale can be found here. Insiders have sold 48,327 shares of company stock worth $657,985 in the last three months. Insiders own 0.72% of the company’s stock.

A number of hedge funds have recently modified their holdings of HBAN. Tortoise Investment Management LLC increased its position in shares of Huntington Bancshares by 433.3% in the fourth quarter. Tortoise Investment Management LLC now owns 1,600 shares of the bank’s stock worth $25,000 after acquiring an additional 1,300 shares in the last quarter. Core Alternative Capital acquired a new stake in Huntington Bancshares during the 1st quarter valued at $25,000. Avondale Wealth Management acquired a new stake in Huntington Bancshares during the 4th quarter valued at $26,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new stake in Huntington Bancshares during the 4th quarter valued at $27,000. Finally, Riverview Trust Co acquired a new stake in Huntington Bancshares during the 1st quarter valued at $27,000. 79.26% of the stock is owned by hedge funds and other institutional investors.

Huntington Bancshares Company Profile (Get Rating)

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 operates through four segments: Consumer and Business Banking; Commercial Banking; Vehicle Finance; and Regional Banking and The Huntington Private Client Group (RBHPCG).

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Analyst Recommendations for Huntington Bancshares (NASDAQ:HBAN)

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