Huntington Bancshares Incorporated (NASDAQ:HBAN) Given Consensus Rating of “Hold” by Brokerages

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Huntington Bancshares Incorporated (NASDAQ:HBAN) has received a consensus rating of “Hold” from the twelve brokerages that are presently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $14.97.

Several research firms have recently commented on HBAN. ValuEngine upgraded Huntington Bancshares from a “sell” rating to a “hold” rating in a research note on Tuesday, October 29th. Raymond James reiterated a “buy” rating and set a $16.00 target price on shares of Huntington Bancshares in a research report on Friday, October 25th. DA Davidson reiterated a “neutral” rating on shares of Huntington Bancshares in a research report on Monday, November 18th. BidaskClub raised Huntington Bancshares from a “sell” rating to a “hold” rating in a report on Monday, September 2nd. Finally, Bank of America cut Huntington Bancshares from a “buy” rating to a “neutral” rating and set a $15.00 price target for the company. in a research report on Friday, October 25th.

NASDAQ HBAN traded down $0.18 during trading hours on Tuesday, hitting $14.65. 7,930,063 shares of the company’s stock traded hands, compared to its average volume of 10,212,413. The business’s fifty day moving average price is $14.60 and its two-hundred day moving average price is $13.82. The company has a current ratio of 0.91, a quick ratio of 0.90 and a debt-to-equity ratio of 0.92. The firm has a market capitalization of $15.13 billion, a P/E ratio of 12.21, a P/E/G ratio of 2.80 and a beta of 1.46. Huntington Bancshares has a 52 week low of $11.12 and a 52 week high of $15.16.

Huntington Bancshares (NASDAQ:HBAN) last released its quarterly earnings results on Thursday, October 24th. The bank reported $0.34 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.33 by $0.01. The business had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.17 billion. Huntington Bancshares had a net margin of 25.24% and a return on equity of 13.83%. The company’s quarterly revenue was up 3.6% on a year-over-year basis. During the same period last year, the firm earned $0.33 earnings per share. On average, sell-side analysts expect that Huntington Bancshares will post 1.3 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Wednesday, December 18th will be given a $0.15 dividend. The ex-dividend date is Tuesday, December 17th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.10%. Huntington Bancshares’s payout ratio is currently 50.00%.

In other news, EVP Richard Remiker sold 29,405 shares of the business’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $14.32, for a total value of $421,079.60. Following the transaction, the executive vice president now directly owns 369,076 shares in the company, valued at $5,285,168.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Paul G. Heller sold 7,144 shares of the business’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $14.76, for a total value of $105,445.44. Over the last quarter, insiders sold 93,108 shares of company stock valued at $1,352,544. Company insiders own 1.22% of the company’s stock.

Several large investors have recently added to or reduced their stakes in HBAN. Voloridge Investment Management LLC purchased a new stake in Huntington Bancshares during the 3rd quarter valued at approximately $913,000. Worldquant Millennium Advisors LLC grew its position in shares of Huntington Bancshares by 5.7% during the third quarter. Worldquant Millennium Advisors LLC now owns 92,410 shares of the bank’s stock valued at $1,318,000 after purchasing an additional 5,016 shares in the last quarter. IHT Wealth Management LLC increased its holdings in shares of Huntington Bancshares by 102.8% in the third quarter. IHT Wealth Management LLC now owns 30,580 shares of the bank’s stock worth $436,000 after purchasing an additional 15,503 shares during the last quarter. National Pension Service increased its holdings in shares of Huntington Bancshares by 5.4% in the third quarter. National Pension Service now owns 1,520,927 shares of the bank’s stock worth $21,704,000 after purchasing an additional 78,030 shares during the last quarter. Finally, Penserra Capital Management LLC lifted its position in shares of Huntington Bancshares by 54.2% in the third quarter. Penserra Capital Management LLC now owns 4,045 shares of the bank’s stock worth $56,000 after buying an additional 1,421 shares in the last quarter. Hedge funds and other institutional investors own 74.77% of the company’s stock.

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).

See Also: Systematic Risk and Investors

Analyst Recommendations for Huntington Bancshares (NASDAQ:HBAN)

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