BidaskClub upgraded shares of Huntington Bancshares (NASDAQ:HBAN) from a buy rating to a strong-buy rating in a report released on Saturday morning.

Other equities research analysts have also issued research reports about the company. BMO Capital Markets restated a hold rating and issued a $18.00 price objective on shares of Huntington Bancshares in a research report on Wednesday, January 24th. Sandler O’Neill reiterated a buy rating and set a $18.00 target price on shares of Huntington Bancshares in a research report on Tuesday, January 23rd. ValuEngine lowered Huntington Bancshares from a buy rating to a hold rating in a research report on Friday, February 2nd. Hilliard Lyons upgraded Huntington Bancshares from a neutral rating to a buy rating and set a $17.00 target price on the stock in a research report on Friday. Finally, Macquarie lowered Huntington Bancshares from an outperform rating to a neutral rating and increased their target price for the company from $16.04 to $16.50 in a research report on Wednesday, January 24th. Nine research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. The stock has an average rating of Buy and a consensus price target of $16.75.

Shares of Huntington Bancshares (HBAN) opened at $15.41 on Friday. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.88 and a quick ratio of 0.87. Huntington Bancshares has a 52-week low of $12.14 and a 52-week high of $16.53. The company has a market capitalization of $16,519.94, a P/E ratio of 15.72, a price-to-earnings-growth ratio of 1.17 and a beta of 1.35.

Huntington Bancshares (NASDAQ:HBAN) last released its quarterly earnings data on Tuesday, January 23rd. The bank reported $0.26 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.26. Huntington Bancshares had a return on equity of 12.12% and a net margin of 25.02%. The business had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same quarter in the prior year, the firm posted $0.18 EPS. sell-side analysts forecast that Huntington Bancshares will post 1.2 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 2nd. Shareholders of record on Monday, March 19th will be issued a $0.11 dividend. The ex-dividend date is Friday, March 16th. This represents a $0.44 dividend on an annualized basis and a yield of 2.86%. Huntington Bancshares’s payout ratio is currently 32.00%.

A number of hedge funds have recently made changes to their positions in HBAN. Capital International Investors lifted its holdings in Huntington Bancshares by 13.2% in the 3rd quarter. Capital International Investors now owns 49,719,215 shares of the bank’s stock valued at $694,080,000 after purchasing an additional 5,800,000 shares in the last quarter. Beacon Investment Advisory Services Inc. purchased a new position in Huntington Bancshares in the 3rd quarter valued at $23,872,000. Janus Henderson Group PLC lifted its holdings in Huntington Bancshares by 865.6% in the 2nd quarter. Janus Henderson Group PLC now owns 1,432,015 shares of the bank’s stock valued at $19,360,000 after purchasing an additional 1,283,709 shares in the last quarter. Maltese Capital Management LLC purchased a new position in Huntington Bancshares in the 3rd quarter valued at $15,496,000. Finally, Bank of Montreal Can lifted its holdings in Huntington Bancshares by 24.2% in the 4th quarter. Bank of Montreal Can now owns 5,274,916 shares of the bank’s stock valued at $76,802,000 after purchasing an additional 1,027,377 shares in the last quarter. Institutional investors own 74.36% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: This piece was posted by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are viewing this piece on another domain, it was stolen and reposted in violation of international trademark & copyright laws. The correct version of this piece can be viewed at https://theolympiareport.com/2018/02/11/huntington-bancshares-hban-upgraded-by-bidaskclub-to-strong-buy.html.

About Huntington Bancshares

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.

Analyst Recommendations for Huntington Bancshares (NASDAQ:HBAN)

Receive News & Ratings for Huntington Bancshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Huntington Bancshares and related companies with MarketBeat.com's FREE daily email newsletter.