Huntington Bancshares Incorporated to Issue Quarterly Dividend of $0.15 (NASDAQ:HBAN)

Huntington Bancshares Incorporated (NASDAQ:HBAN) declared a quarterly dividend on Thursday, July 23rd. Investors of record on Thursday, September 17th will be paid a dividend of 0.155 per share by the bank on Thursday, October 1st. This represents a c) annualized dividend and a yield of 3.6%. The ex-dividend date is Thursday, September 17th.

Huntington Bancshares has raised its dividend payment by an average of 0.0%annually over the last three years. Huntington Bancshares has a payout ratio of 39.2% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Huntington Bancshares to earn $1.91 per share next year, which means the company should continue to be able to cover its $0.62 annual dividend with an expected future payout ratio of 32.5%.

Huntington Bancshares Trading Down 4.8%

Shares of HBAN stock opened at $17.40 on Friday. Huntington Bancshares has a twelve month low of $14.89 and a twelve month high of $19.45. The company has a current ratio of 0.93, a quick ratio of 0.92 and a debt-to-equity ratio of 0.73. The business’s 50 day moving average is $17.09 and its two-hundred day moving average is $16.93. The company has a market capitalization of $35.27 billion, a P/E ratio of 13.38, a price-to-earnings-growth ratio of 0.82 and a beta of 0.93.

Huntington Bancshares (NASDAQ:HBAN) last announced its quarterly earnings data on Thursday, July 23rd. The bank reported $0.39 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.39. The company had revenue of $2.85 billion for the quarter, compared to analysts’ expectations of $2.84 billion. Huntington Bancshares had a net margin of 16.63% and a return on equity of 11.42%. During the same period in the previous year, the company posted $0.34 EPS. Huntington Bancshares has set its FY 2026 guidance at 1.900-1.930 EPS. Equities analysts forecast that Huntington Bancshares will post 1.62 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have commented on HBAN. Stephens initiated coverage on Huntington Bancshares in a report on Monday, June 15th. They issued an “equal weight” rating and a $19.00 target price for the company. UBS Group upped their price target on Huntington Bancshares from $21.00 to $22.00 and gave the stock a “buy” rating in a report on Tuesday, July 7th. Robert W. Baird boosted their target price on Huntington Bancshares from $20.00 to $21.00 and gave the stock an “outperform” rating in a research report on Friday. Wolfe Research cut their price target on Huntington Bancshares from $21.00 to $19.00 and set an “outperform” rating for the company in a research note on Wednesday, April 1st. Finally, Barclays cut shares of Huntington Bancshares from a “hold” rating to a “strong sell” rating in a research report on Monday, April 20th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $20.14.

Huntington Bancshares Company Profile

Huntington Bancshares Incorporated (NASDAQ: HBAN) is a bank holding company headquartered in Columbus, Ohio, that provides a broad range of banking and financial services through its principal subsidiary, Huntington National Bank. The company’s operations are centered on retail and commercial banking, and it serves individual consumers, small and middle-market businesses, and institutional customers.

Huntington’s product offerings include traditional deposit and lending products, consumer and commercial loans, mortgage origination and servicing, auto financing, and business banking solutions.