Huntington Bancshares Incorporated (NASDAQ:HBAN) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) have received a consensus rating of “Moderate Buy” from the nineteen ratings firms that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have given a 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 $18.06.

Several brokerages recently issued reports on HBAN. Evercore ISI increased their price target on shares of Huntington Bancshares from $17.00 to $18.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Stephens reiterated an “equal weight” rating and issued a $18.50 price target on shares of Huntington Bancshares in a research note on Tuesday. Royal Bank of Canada reiterated an “outperform” rating and issued a $20.00 price target on shares of Huntington Bancshares in a research note on Tuesday. Piper Sandler decreased their price target on shares of Huntington Bancshares from $17.50 to $17.00 and set an “underweight” rating for the company in a research note on Tuesday. Finally, Barclays increased their price objective on shares of Huntington Bancshares from $17.00 to $19.00 and gave the company an “equal weight” rating in a research report on Monday, January 6th.

Huntington Bancshares Stock Up 1.8 %

Shares of NASDAQ HBAN opened at $17.20 on Monday. The company has a current ratio of 0.89, a quick ratio of 0.88 and a debt-to-equity ratio of 0.92. Huntington Bancshares has a 12 month low of $12.05 and a 12 month high of $18.44. The firm has a market capitalization of $24.99 billion, a PE ratio of 13.98, a price-to-earnings-growth ratio of 1.39 and a beta of 1.07. The firm has a fifty day simple moving average of $17.00 and a two-hundred day simple moving average of $15.59.

Huntington Bancshares (NASDAQ:HBAN) last issued its quarterly earnings data on Friday, January 17th. The bank reported $0.34 EPS for the quarter, topping the consensus estimate of $0.31 by $0.03. Huntington Bancshares had a net margin of 16.23% and a return on equity of 11.23%. During the same period last year, the firm posted $0.27 earnings per share. Equities analysts expect that Huntington Bancshares will post 1.4 earnings per share for the current year.

Huntington Bancshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 18th will be paid a dividend of $0.155 per share. This represents a $0.62 annualized dividend and a yield of 3.60%. The ex-dividend date is Tuesday, March 18th. Huntington Bancshares’s payout ratio is 50.41%.

Insider Activity

In other news, CFO Zachary Jacob Wasserman sold 8,644 shares of the business’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $17.63, for a total transaction of $152,393.72. Following the completion of the sale, the chief financial officer now directly owns 259,943 shares of the company’s stock, valued at approximately $4,582,795.09. The trade was a 3.22 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Scott D. Kleinman sold 28,600 shares of the stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $17.67, for a total transaction of $505,362.00. Following the transaction, the vice president now owns 496,076 shares in the company, valued at approximately $8,765,662.92. The trade was a 5.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.89% of the company’s stock.

Hedge Funds Weigh In On Huntington Bancshares

A number of institutional investors have recently bought and sold shares of the business. JB Capital LLC raised its position in Huntington Bancshares by 2.7% during the 4th quarter. JB Capital LLC now owns 195,909 shares of the bank’s stock worth $3,187,000 after buying an additional 5,164 shares during the last quarter. Golden State Equity Partners grew its stake in Huntington Bancshares by 1,280.1% in the 4th quarter. Golden State Equity Partners now owns 22,924 shares of the bank’s stock valued at $373,000 after acquiring an additional 21,263 shares during the period. Chicago Partners Investment Group LLC grew its stake in Huntington Bancshares by 43.2% in the 4th quarter. Chicago Partners Investment Group LLC now owns 16,629 shares of the bank’s stock valued at $273,000 after acquiring an additional 5,020 shares during the period. Mediolanum International Funds Ltd acquired a new stake in Huntington Bancshares in the 4th quarter valued at $422,000. Finally, Crews Bank & Trust purchased a new position in Huntington Bancshares in the 4th quarter valued at $58,000. 80.72% of the stock is owned by hedge funds and other institutional investors.

About Huntington Bancshares

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.