Huntington Bancshares (NASDAQ:HBAN) Given New $20.00 Price Target at Keefe, Bruyette & Woods

Huntington Bancshares (NASDAQ:HBAN) had its price target increased by Keefe, Bruyette & Woods from $19.00 to $20.00 in a research report released on Monday morning,Benzinga reports. The firm currently has a market perform rating on the bank’s stock.

A number of other research firms have also weighed in on HBAN. Citigroup boosted their target price on Huntington Bancshares from $20.00 to $21.00 and gave the stock a “buy” rating in a report on Friday, September 19th. Stephens boosted their target price on Huntington Bancshares from $18.00 to $19.00 in a report on Friday. Deutsche Bank Aktiengesellschaft boosted their target price on Huntington Bancshares from $20.00 to $21.00 and gave the stock a “buy” rating in a report on Tuesday, September 30th. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $21.00 price objective (up from $18.00) on shares of Huntington Bancshares in a report on Tuesday, July 8th. Finally, Truist Financial upped their price objective on Huntington Bancshares from $19.00 to $20.00 and gave the company a “buy” rating in a report on Friday, September 12th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Huntington Bancshares has an average rating of “Moderate Buy” and a consensus target price of $19.76.

Huntington Bancshares Stock Up 2.2%

HBAN stock opened at $15.84 on Monday. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 0.89. The firm has a market capitalization of $23.11 billion, a PE ratio of 11.08, a PEG ratio of 0.73 and a beta of 0.96. Huntington Bancshares has a 1-year low of $11.91 and a 1-year high of $18.44. The business’s 50 day simple moving average is $17.08 and its 200 day simple moving average is $16.14.

Huntington Bancshares (NASDAQ:HBAN) last posted its earnings results on Wednesday, June 11th. The bank reported $0.28 earnings per share for the quarter. The business had revenue of $469.00 million for the quarter. Huntington Bancshares had a return on equity of 12.14% and a net margin of 18.06%. As a group, research analysts anticipate that Huntington Bancshares will post 1.39 EPS for the current year.

Huntington Bancshares Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 2nd. Stockholders of record on Thursday, December 18th will be given a dividend of $0.155 per share. This represents a $0.62 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date is Thursday, December 18th. Huntington Bancshares’s dividend payout ratio is presently 43.36%.

Insider Buying and Selling at Huntington Bancshares

In other news, EVP Marcy C. Hingst sold 41,100 shares of the company’s stock in a transaction on Friday, September 5th. The stock was sold at an average price of $18.00, for a total transaction of $739,800.00. Following the completion of the sale, the executive vice president directly owned 299,361 shares in the company, valued at approximately $5,388,498. This represents a 12.07% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.89% of the company’s stock.

Institutional Trading of Huntington Bancshares

Institutional investors have recently modified their holdings of the stock. Teacher Retirement System of Texas boosted its stake in Huntington Bancshares by 1,462.4% in the first quarter. Teacher Retirement System of Texas now owns 212,390 shares of the bank’s stock valued at $3,188,000 after buying an additional 198,796 shares in the last quarter. Vanguard Personalized Indexing Management LLC lifted its holdings in shares of Huntington Bancshares by 26.4% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 167,515 shares of the bank’s stock worth $2,808,000 after acquiring an additional 35,014 shares during the last quarter. Commerzbank Aktiengesellschaft FI grew its holdings in shares of Huntington Bancshares by 43.4% during the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 94,979 shares of the bank’s stock valued at $1,592,000 after purchasing an additional 28,739 shares during the last quarter. Shell Asset Management Co. grew its holdings in shares of Huntington Bancshares by 58.7% during the 2nd quarter. Shell Asset Management Co. now owns 200,595 shares of the bank’s stock valued at $3,362,000 after purchasing an additional 74,220 shares during the last quarter. Finally, Czech National Bank grew its holdings in shares of Huntington Bancshares by 6.6% during the 2nd quarter. Czech National Bank now owns 356,096 shares of the bank’s stock valued at $5,968,000 after purchasing an additional 22,190 shares during the last quarter. 80.72% of the stock is currently owned by 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.