Huntington Bancshares Incorporated (NASDAQ:HBAN) Receives Consensus Rating of “Hold” from Analysts

Huntington Bancshares Incorporated (NASDAQ:HBANGet Rating) has been assigned an average rating of “Hold” from the twelve analysts that are currently covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation, three have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $16.28.

HBAN has been the topic of several recent analyst reports. Morgan Stanley dropped their target price on Huntington Bancshares from $18.00 to $17.00 and set an “equal weight” rating on the stock in a research report on Monday, March 28th. Wolfe Research cut Huntington Bancshares from a “peer perform” rating to an “underperform” rating and dropped their target price for the stock from $15.00 to $11.00 in a research report on Thursday, May 26th. Stephens upgraded Huntington Bancshares from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $16.00 to $17.00 in a research report on Monday, April 25th. Bank of America cut Huntington Bancshares from a “buy” rating to a “neutral” rating and set a $16.00 target price on the stock. in a research report on Friday, April 8th. Finally, The Goldman Sachs Group lowered their price target on Huntington Bancshares from $17.50 to $14.50 and set a “buy” rating on the stock in a report on Tuesday, May 31st.

HBAN opened at $12.24 on Wednesday. The business has a 50 day moving average price of $13.46 and a two-hundred day moving average price of $14.79. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.40. The company has a market cap of $17.62 billion, a PE ratio of 10.46 and a beta of 1.18. Huntington Bancshares has a 52 week low of $12.03 and a 52 week high of $17.79.

Huntington Bancshares (NASDAQ:HBANGet Rating) last released its earnings results on Thursday, April 21st. The bank reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.01. Huntington Bancshares had a return on equity of 12.19% and a net margin of 26.96%. The company had revenue of $1.65 billion for the quarter, compared to analysts’ expectations of $1.63 billion. During the same quarter in the previous year, the firm posted $0.48 EPS. The firm’s quarterly revenue was up 20.3% on a year-over-year basis. As a group, sell-side analysts expect that Huntington Bancshares will post 1.42 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, July 1st. Investors of record on Friday, June 17th will be paid a $0.155 dividend. This represents a $0.62 dividend on an annualized basis and a yield of 5.07%. The ex-dividend date of this dividend is Thursday, June 16th. Huntington Bancshares’s payout ratio is currently 52.99%.

In related news, CFO Zachary Jacob Wasserman sold 5,456 shares of the company’s stock in a transaction that occurred on Tuesday, May 31st. The stock was sold at an average price of $13.72, for a total value of $74,856.32. Following the sale, the chief financial officer now owns 207,777 shares of the company’s stock, valued at approximately $2,850,700.44. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Helga Houston sold 28,166 shares of the stock in a transaction on Tuesday, May 31st. The stock was sold at an average price of $13.77, for a total value of $387,845.82. Following the transaction, the insider now directly owns 496,474 shares in the company, valued at approximately $6,836,446.98. The disclosure for this sale can be found here. In the last ninety days, insiders sold 56,617 shares of company stock worth $786,480. 0.72% of the stock is owned by corporate insiders.

Several institutional investors have recently modified their holdings of the business. Gilbert & Cook Inc. lifted its stake in shares of Huntington Bancshares by 4.2% during the 4th quarter. Gilbert & Cook Inc. now owns 15,898 shares of the bank’s stock worth $245,000 after purchasing an additional 647 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in shares of Huntington Bancshares by 0.4% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 147,444 shares of the bank’s stock worth $2,273,000 after purchasing an additional 649 shares during the period. Whittier Trust Co. lifted its stake in shares of Huntington Bancshares by 22.6% during the 4th quarter. Whittier Trust Co. now owns 3,740 shares of the bank’s stock worth $58,000 after purchasing an additional 690 shares during the period. First Horizon Advisors Inc. lifted its stake in shares of Huntington Bancshares by 11.2% during the 4th quarter. First Horizon Advisors Inc. now owns 7,121 shares of the bank’s stock worth $109,000 after purchasing an additional 715 shares during the period. Finally, FDx Advisors Inc. lifted its stake in shares of Huntington Bancshares by 1.4% during the 4th quarter. FDx Advisors Inc. now owns 52,670 shares of the bank’s stock worth $812,000 after purchasing an additional 734 shares during the period. 79.26% of the stock is currently owned by institutional investors.

Huntington Bancshares Company Profile (Get Rating)

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 operates through four segments: Consumer and Business Banking; Commercial Banking; Vehicle Finance; and Regional Banking and The Huntington Private Client Group (RBHPCG).

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Analyst Recommendations for Huntington Bancshares (NASDAQ:HBAN)

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