Huntington Bancshares Incorporated (HBAN) Receives Consensus Rating of “Hold” from Brokerages
Shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) have earned an average recommendation of “Hold” from the nineteen ratings firms that are currently covering the company, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, ten have issued a hold recommendation and seven have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $16.97.
A number of equities analysts recently weighed in on the stock. Zacks Investment Research downgraded shares of Huntington Bancshares from a “buy” rating to a “hold” rating in a report on Tuesday, October 9th. BidaskClub downgraded shares of Huntington Bancshares from a “hold” rating to a “sell” rating in a report on Tuesday, October 2nd. ValuEngine downgraded shares of Huntington Bancshares from a “hold” rating to a “sell” rating in a report on Friday, November 2nd. Wedbush downgraded shares of Huntington Bancshares from an “outperform” rating to a “neutral” rating and dropped their price objective for the company from $18.00 to $16.00 in a report on Friday, November 2nd. Finally, BMO Capital Markets dropped their price objective on shares of Huntington Bancshares from $17.00 to $15.00 and set a “market perform” rating on the stock in a report on Wednesday, October 24th.
Shares of NASDAQ:HBAN traded up $0.07 during midday trading on Friday, reaching $12.63. The company had a trading volume of 8,150,165 shares, compared to its average volume of 9,357,650. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.89 and a current ratio of 0.90. The company has a market capitalization of $13.43 billion, a P/E ratio of 12.89, a price-to-earnings-growth ratio of 0.63 and a beta of 1.35. Huntington Bancshares has a 52-week low of $11.12 and a 52-week high of $16.60.
The business also recently declared a quarterly dividend, which was paid on Wednesday, January 2nd. Stockholders of record on Tuesday, December 18th were given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 4.43%. The ex-dividend date was Monday, December 17th. Huntington Bancshares’s dividend payout ratio is presently 57.14%.
In other news, insider Helga Houston sold 42,608 shares of the company’s stock in a transaction dated Tuesday, November 13th. The stock was sold at an average price of $14.66, for a total transaction of $624,633.28. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Kathleen H. Ransier sold 4,820 shares of the company’s stock in a transaction dated Thursday, November 29th. The shares were sold at an average price of $14.53, for a total value of $70,034.60. Following the sale, the director now owns 113,712 shares in the company, valued at $1,652,235.36. The disclosure for this sale can be found here. Corporate insiders own 1.05% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Moody National Bank Trust Division increased its position in shares of Huntington Bancshares by 43.8% in the fourth quarter. Moody National Bank Trust Division now owns 4,191 shares of the bank’s stock worth $50,000 after purchasing an additional 1,276 shares during the last quarter. Columbia Asset Management bought a new position in shares of Huntington Bancshares in the third quarter worth approximately $103,000. NuWave Investment Management LLC increased its position in shares of Huntington Bancshares by 5,991.8% in the third quarter. NuWave Investment Management LLC now owns 8,894 shares of the bank’s stock worth $133,000 after purchasing an additional 8,748 shares during the last quarter. Donaldson Capital Management LLC bought a new position in shares of Huntington Bancshares in the third quarter worth approximately $172,000. Finally, Claraphi Advisory Network LLC bought a new position in shares of Huntington Bancshares in the third quarter worth approximately $172,000. Hedge funds and other institutional investors own 76.74% of the company’s stock.
Huntington Bancshares Company Profile
Huntington Bancshares Incorporated operates as a holding company for The Huntington National Bank that provides commercial, small business, consumer, and mortgage banking services. The company operates through four business segments: Consumer and Business Banking, Commercial Banking, Vehicle Finance, and Regional Banking and The Huntington Private Client Group (RBHPCG).
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