Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Huntington Bancshares (HBAN) Stock Price
News coverage about Huntington Bancshares (NASDAQ:HBAN) has trended somewhat positive on Tuesday, according to Accern Sentiment Analysis. The research group identifies negative and positive press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Huntington Bancshares earned a coverage optimism score of 0.19 on Accern’s scale. Accern also gave news headlines about the bank an impact score of 46.291203251095 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the headlines that may have impacted Accern Sentiment’s scoring:
- Huntington Bank cites tax reform for spike in small business loans (finance.yahoo.com)
- Huntington Bancshares (HBAN) Lowered to “Hold” at Zacks Investment Research (americanbankingnews.com)
- Huntington Bancshares (HBAN) Upgraded to “Strong-Buy” at BidaskClub (americanbankingnews.com)
- Short Interest in Huntington Bancshares Incorporated (HBAN) Rises By 41.1% (americanbankingnews.com)
- Huntington Bancshares’ (HBAN) Upgraded to Hold at recent price of $15.1 (investorplace.com)
Several brokerages have recently issued reports on HBAN. Zacks Investment Research lowered Huntington Bancshares from a “buy” rating to a “hold” rating in a research note on Tuesday. BidaskClub raised Huntington Bancshares from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Hilliard Lyons raised Huntington Bancshares from a “neutral” rating to a “buy” rating and set a $17.00 price target on the stock in a research note on Friday. ValuEngine lowered Huntington Bancshares from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Finally, Morgan Stanley upped their price target on Huntington Bancshares from $16.50 to $17.00 and gave the company an “equal weight” rating in a research note on Friday, January 26th. Ten investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $16.75.
Huntington Bancshares (NASDAQ:HBAN) last released its earnings results on Tuesday, January 23rd. The bank reported $0.26 earnings per share for the quarter, meeting the consensus estimate of $0.26. Huntington Bancshares had a return on equity of 12.12% and a net margin of 25.02%. The firm 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 earnings per share. sell-side analysts expect that Huntington Bancshares will post 1.2 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, April 2nd. Shareholders of record on Monday, March 19th will be paid a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 2.84%. The ex-dividend date is Friday, March 16th. Huntington Bancshares’s payout ratio is 32.00%.
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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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