Huntington Bancshares (NASDAQ:HBAN) Stock Rating Reaffirmed by Stephens

Stephens reissued their equal weight rating on shares of Huntington Bancshares (NASDAQ:HBAN) in a research note released on Monday morning, Benzinga reports. They currently have a $15.00 price objective on the bank’s stock.

Several other equities analysts also recently commented on the stock. Raymond James boosted their target price on shares of Huntington Bancshares from $13.00 to $15.00 and gave the stock a strong-buy rating in a report on Tuesday, December 26th. Citigroup boosted their target price on shares of Huntington Bancshares from $14.00 to $15.00 and gave the stock a buy rating in a report on Thursday, January 25th. Keefe, Bruyette & Woods boosted their target price on shares of Huntington Bancshares from $14.00 to $15.00 and gave the stock a market perform rating in a report on Friday, April 5th. Bank of America raised shares of Huntington Bancshares from a neutral rating to a buy rating and boosted their target price for the stock from $14.00 to $16.00 in a report on Monday, April 8th. Finally, Royal Bank of Canada upped their price target on shares of Huntington Bancshares from $15.00 to $16.00 and gave the company an outperform rating in a research note on Tuesday, April 9th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and a consensus price target of $15.17.

Huntington Bancshares Price Performance

Shares of NASDAQ:HBAN opened at $13.53 on Monday. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.88 and a quick ratio of 0.88. Huntington Bancshares has a 1-year low of $9.13 and a 1-year high of $14.07. The company has a market capitalization of $19.62 billion, a P/E ratio of 12.19, a P/E/G ratio of 2.47 and a beta of 1.11. The firm’s 50 day simple moving average is $13.29 and its two-hundred day simple moving average is $12.19.

Huntington Bancshares (NASDAQ:HBAN) last released its earnings results on Friday, April 19th. The bank reported $0.28 EPS for the quarter, topping the consensus estimate of $0.25 by $0.03. Huntington Bancshares had a net margin of 15.86% and a return on equity of 11.99%. The firm had revenue of $2.85 billion for the quarter, compared to the consensus estimate of $1.74 billion. During the same quarter in the previous year, the firm earned $0.38 earnings per share. Research analysts expect that Huntington Bancshares will post 1.21 EPS for the current fiscal year.

Huntington Bancshares Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Monday, June 17th will be given a dividend of $0.155 per share. This represents a $0.62 annualized dividend and a dividend yield of 4.58%. Huntington Bancshares’s payout ratio is 55.86%.

Insider Buying and Selling at Huntington Bancshares

In other Huntington Bancshares news, VP Julie C. Tutkovics sold 15,541 shares of the stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $12.68, for a total transaction of $197,059.88. Following the completion of the sale, the vice president now directly owns 303,455 shares of the company’s stock, valued at $3,847,809.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, VP Julie C. Tutkovics sold 15,541 shares of the stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $12.68, for a total value of $197,059.88. Following the completion of the transaction, the vice president now directly owns 303,455 shares of the company’s stock, valued at approximately $3,847,809.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Helga Houston sold 28,700 shares of the stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $13.17, for a total transaction of $377,979.00. Following the completion of the transaction, the insider now directly owns 568,222 shares of the company’s stock, valued at $7,483,483.74. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 102,241 shares of company stock valued at $1,360,359. 0.89% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Huntington Bancshares

Hedge funds and other institutional investors have recently modified their holdings of the stock. Future Financial Wealth Managment LLC purchased a new position in shares of Huntington Bancshares in the 1st quarter valued at approximately $29,000. Wetzel Investment Advisors Inc. acquired a new position in Huntington Bancshares in the 4th quarter worth approximately $29,000. Nemes Rush Group LLC increased its holdings in Huntington Bancshares by 140.9% in the 4th quarter. Nemes Rush Group LLC now owns 2,378 shares of the bank’s stock worth $30,000 after buying an additional 1,391 shares during the period. Planned Solutions Inc. acquired a new position in Huntington Bancshares in the 4th quarter worth approximately $33,000. Finally, Register Financial Advisors LLC acquired a new position in Huntington Bancshares in the 1st quarter worth approximately $40,000. 80.72% of the stock is owned by hedge funds and other institutional investors.

Huntington Bancshares Company Profile

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 offers financial products and services to consumer and business customers, including deposits, lending, payments, mortgage banking, dealer financing, investment management, trust, brokerage, insurance, and other financial products and services.