Huntington Bancshares (NASDAQ:HBAN) PT Raised to $17.00 at Bank of America

Huntington Bancshares (NASDAQ:HBAN) had its target price upped by Bank of America from $15.00 to $17.00 in a report published on Monday morning, Benzinga reports. They currently have a buy rating on the bank’s stock.

Several other analysts have also commented on HBAN. Stephens reaffirmed an equal weight rating and issued a $15.00 price objective on shares of Huntington Bancshares in a report on Monday, April 22nd. Citigroup lifted their price objective on Huntington Bancshares from $17.00 to $18.00 and gave the stock a buy rating in a report on Monday. UBS Group cut their price objective on Huntington Bancshares from $16.00 to $15.00 and set a buy rating for the company in a report on Thursday, June 13th. Argus lifted their price objective on Huntington Bancshares from $15.00 to $16.00 and gave the stock a buy rating in a report on Monday. Finally, Morgan Stanley cut their price objective on Huntington Bancshares from $16.00 to $15.00 and set an overweight rating for the company in a report on Wednesday, June 12th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of Moderate Buy and an average target price of $15.50.

Huntington Bancshares Stock Up 0.9 %

HBAN stock opened at $15.06 on Monday. Huntington Bancshares has a 1-year low of $9.25 and a 1-year high of $15.24. The business has a fifty day moving average price of $13.43 and a 200-day moving average price of $13.29. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.89 and a quick ratio of 0.88. The stock has a market capitalization of $21.83 billion, a P/E ratio of 13.57, a P/E/G ratio of 3.08 and a beta of 1.06.

Huntington Bancshares (NASDAQ:HBAN) last posted its quarterly earnings results on Friday, July 19th. The bank reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.02. Huntington Bancshares had a return on equity of 11.34% and a net margin of 14.77%. The firm had revenue of $2.97 billion during the quarter, compared to analysts’ expectations of $1.81 billion. During the same quarter in the previous year, the business earned $0.35 earnings per share. Equities analysts forecast that Huntington Bancshares will post 1.19 earnings per share for the current fiscal year.

Huntington Bancshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 17th will be paid a $0.155 dividend. This represents a $0.62 dividend on an annualized basis and a dividend yield of 4.12%. The ex-dividend date is Tuesday, September 17th. Huntington Bancshares’s dividend payout ratio (DPR) is 55.86%.

Insider Transactions at Huntington Bancshares

In other news, VP Rajeev Syal sold 11,627 shares of the company’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $13.67, for a total value of $158,941.09. Following the completion of the transaction, the vice president now owns 329,607 shares of the company’s stock, valued at $4,505,727.69. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, VP Rajeev Syal sold 11,627 shares of the company’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $13.67, for a total value of $158,941.09. Following the completion of the transaction, the vice president now owns 329,607 shares of the company’s stock, valued at $4,505,727.69. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Nancy E. Maloney sold 57,537 shares of the company’s stock in a transaction dated Tuesday, July 23rd. The stock was sold at an average price of $15.15, for a total value of $871,685.55. Following the completion of the transaction, the vice president now directly owns 69,595 shares of the company’s stock, valued at approximately $1,054,364.25. The disclosure for this sale can be found here. Insiders sold a total of 152,418 shares of company stock valued at $2,214,979 over the last 90 days. Company insiders own 0.89% of the company’s stock.

Hedge Funds Weigh In On Huntington Bancshares

A number of hedge funds have recently made changes to their positions in the business. Massmutual Trust Co. FSB ADV lifted its position in shares of Huntington Bancshares by 8.6% in the first quarter. Massmutual Trust Co. FSB ADV now owns 136,961 shares of the bank’s stock worth $1,911,000 after buying an additional 10,795 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Huntington Bancshares by 39.1% in the fourth quarter. Goldman Sachs Group Inc. now owns 6,534,897 shares of the bank’s stock worth $83,124,000 after buying an additional 1,838,019 shares in the last quarter. KBC Group NV lifted its position in shares of Huntington Bancshares by 715.0% in the fourth quarter. KBC Group NV now owns 4,251,631 shares of the bank’s stock worth $54,081,000 after buying an additional 3,729,974 shares in the last quarter. Tower Research Capital LLC TRC lifted its position in shares of Huntington Bancshares by 160.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 206,193 shares of the bank’s stock worth $2,623,000 after buying an additional 126,900 shares in the last quarter. Finally, Lindbrook Capital LLC lifted its position in shares of Huntington Bancshares by 43.4% in the fourth quarter. Lindbrook Capital LLC now owns 4,530 shares of the bank’s stock worth $58,000 after buying an additional 1,371 shares in the last quarter. Institutional investors own 80.72% of the company’s stock.

About Huntington Bancshares

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.