Huntington Bancshares (NASDAQ:HBAN) Now Covered by Evercore ISI

Evercore ISI initiated coverage on shares of Huntington Bancshares (NASDAQ:HBAN) in a research note issued to investors on Tuesday morning, MarketBeat Ratings reports. The brokerage issued an outperform rating and a $18.00 target price on the bank’s stock.

A number of other analysts have also recently weighed in on HBAN. Wall Street Zen cut shares of Huntington Bancshares from a “hold” rating to a “sell” rating in a research note on Sunday. DA Davidson increased their price target on shares of Huntington Bancshares from $20.00 to $21.00 and gave the stock a “buy” rating in a research note on Monday. Weiss Ratings reiterated a “buy (b-)” rating on shares of Huntington Bancshares in a research note on Wednesday, October 8th. Keefe, Bruyette & Woods increased their price target on shares of Huntington Bancshares from $19.00 to $20.00 and gave the stock a “market perform” rating in a research note on Monday. Finally, Morgan Stanley increased their price target on shares of Huntington Bancshares from $19.00 to $23.00 and gave the stock an “overweight” rating in a research note on Monday, September 29th. Two analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $19.76.

Huntington Bancshares Trading Up 0.6%

NASDAQ HBAN opened at $15.94 on Tuesday. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.92 and a quick ratio of 0.91. The firm’s fifty day moving average price is $17.07 and its 200 day moving average price is $16.14. The company has a market capitalization of $23.25 billion, a price-to-earnings ratio of 11.15, a price-to-earnings-growth ratio of 0.75 and a beta of 0.96. Huntington Bancshares has a 12 month low of $11.91 and a 12 month high of $18.44.

Huntington Bancshares (NASDAQ:HBAN) last posted its earnings results on Wednesday, June 11th. The bank reported $0.28 EPS for the quarter. The firm had revenue of $469.00 million for the quarter. Huntington Bancshares had a net margin of 18.06% and a return on equity of 12.14%. On average, sell-side analysts expect that Huntington Bancshares will post 1.39 earnings per share for the current fiscal year.

Huntington Bancshares Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 2nd. Stockholders of record on Thursday, December 18th will be paid a $0.155 dividend. This represents a $0.62 annualized dividend and a dividend yield of 3.9%. The ex-dividend date is Thursday, December 18th. Huntington Bancshares’s dividend payout ratio (DPR) is 43.36%.

Insider Activity at Huntington Bancshares

In other news, EVP Marcy C. Hingst sold 41,100 shares of the firm’s stock in a transaction on Friday, September 5th. The shares were sold at an average price of $18.00, for a total value of $739,800.00. Following the completion of the sale, the executive vice president owned 299,361 shares in the company, valued at approximately $5,388,498. This trade represents a 12.07% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.89% of the company’s stock.

Institutional Trading of Huntington Bancshares

Several hedge funds have recently made changes to their positions in HBAN. GAMMA Investing LLC lifted its stake in shares of Huntington Bancshares by 6.4% in the 1st quarter. GAMMA Investing LLC now owns 42,196 shares of the bank’s stock worth $633,000 after acquiring an additional 2,540 shares during the period. Kentucky Retirement Systems Insurance Trust Fund lifted its stake in shares of Huntington Bancshares by 42.7% in the first quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 41,980 shares of the bank’s stock valued at $630,000 after purchasing an additional 12,569 shares during the period. GHP Investment Advisors Inc. lifted its stake in shares of Huntington Bancshares by 7.5% in the first quarter. GHP Investment Advisors Inc. now owns 182,310 shares of the bank’s stock valued at $2,736,000 after purchasing an additional 12,783 shares during the period. Asset Management One Co. Ltd. lifted its stake in shares of Huntington Bancshares by 6.7% in the first quarter. Asset Management One Co. Ltd. now owns 596,085 shares of the bank’s stock valued at $8,947,000 after purchasing an additional 37,399 shares during the period. Finally, Keudell Morrison Wealth Management lifted its stake in shares of Huntington Bancshares by 5.2% in the first quarter. Keudell Morrison Wealth Management now owns 17,509 shares of the bank’s stock valued at $263,000 after purchasing an additional 858 shares during the period. Institutional investors and hedge funds own 80.72% of the company’s stock.

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.