Huntington Bancshares Incorporated (HBAN) Given Consensus Rating of “Hold” by Brokerages
Huntington Bancshares Incorporated (NASDAQ:HBAN) has earned an average recommendation of “Hold” from the fifteen analysts that are currently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $16.50.
Several analysts recently weighed in on the company. Vining Sparks reissued a “buy” rating and set a $18.00 price target on shares of Huntington Bancshares in a report on Thursday, January 24th. BidaskClub cut Huntington Bancshares from a “hold” rating to a “sell” rating in a report on Friday, December 7th. ValuEngine cut Huntington Bancshares from a “hold” rating to a “sell” rating in a report on Friday, November 2nd. Wedbush cut Huntington Bancshares from an “outperform” rating to a “neutral” rating and dropped their price target for the stock from $18.00 to $16.00 in a report on Friday, November 2nd. Finally, BMO Capital Markets dropped their price target on Huntington Bancshares from $17.00 to $15.00 and set a “market perform” rating for the company in a report on Wednesday, October 24th.
In other Huntington Bancshares news, EVP Mark E. Thompson sold 18,510 shares of Huntington Bancshares stock in a transaction on Monday, January 28th. The stock was sold at an average price of $13.49, for a total value of $249,699.90. Following the completion of the transaction, the executive vice president now directly owns 667,175 shares of the company’s stock, valued at approximately $9,000,190.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Kathleen H. Ransier sold 4,820 shares of Huntington Bancshares stock in a transaction on Thursday, November 29th. The shares were sold at an average price of $14.53, for a total value of $70,034.60. Following the completion of the transaction, the director now directly owns 113,712 shares of the company’s stock, valued at $1,652,235.36. The disclosure for this sale can be found here. Insiders sold a total of 65,938 shares of company stock valued at $944,368 over the last ninety days. Insiders own 1.05% of the company’s stock.
HBAN opened at $13.68 on Wednesday. Huntington Bancshares has a 12-month low of $11.12 and a 12-month high of $16.60. The company has a market capitalization of $14.46 billion, a PE ratio of 11.40, a price-to-earnings-growth ratio of 1.12 and a beta of 1.35. The company has a quick ratio of 0.86, a current ratio of 0.87 and a debt-to-equity ratio of 0.87.
Huntington Bancshares (NASDAQ:HBAN) last released its quarterly earnings results on Thursday, January 24th. The bank reported $0.29 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by ($0.02). The firm had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.16 billion. Huntington Bancshares had a return on equity of 13.93% and a net margin of 26.43%. During the same period in the previous year, the business posted $0.26 earnings per share. As a group, equities research analysts anticipate that Huntington Bancshares will post 1.35 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 1st. Shareholders of record on Monday, March 18th will be issued a $0.14 dividend. The ex-dividend date of this dividend is Friday, March 15th. This represents a $0.56 annualized dividend and a yield of 4.09%. Huntington Bancshares’s dividend payout ratio is presently 46.67%.
About Huntington Bancshares
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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