Huntington Bancshares’ (HBAN) “Equal Weight” Rating Reaffirmed at Stephens

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

Other equities analysts have also issued research reports about the stock. StockNews.com lowered shares of Huntington Bancshares from a hold rating to a sell rating in a report on Friday, December 29th. Morgan Stanley lifted their price target on shares of Huntington Bancshares from $13.00 to $16.00 and gave the stock an overweight rating in a report on Wednesday, February 7th. Jefferies Financial Group upgraded shares of Huntington Bancshares from a hold rating to a buy rating and boosted their target price for the company from $14.00 to $16.00 in a report on Monday, April 8th. Citigroup boosted their target price on shares of Huntington Bancshares from $14.00 to $15.00 and gave the company a buy rating in a report on Thursday, January 25th. Finally, Raymond James boosted their target price on shares of Huntington Bancshares from $13.00 to $15.00 and gave the company a strong-buy rating in a report on Tuesday, December 26th. One analyst has rated the stock with a sell rating, six have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Huntington Bancshares has an average rating of Moderate Buy and an average price target of $15.17.

Huntington Bancshares Stock Performance

NASDAQ HBAN opened at $13.53 on Monday. The firm’s fifty day moving average price is $13.29 and its two-hundred day moving average price is $12.19. The stock has a market cap of $19.62 billion, a PE ratio of 12.19, a PEG ratio of 2.47 and a beta of 1.11. Huntington Bancshares has a fifty-two week low of $9.13 and a fifty-two week high of $14.07. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.88 and a current ratio of 0.88.

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

Huntington Bancshares Dividend Announcement

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

Insiders Place Their Bets

In other Huntington Bancshares news, VP Julie C. Tutkovics sold 15,541 shares of the company’s stock in a transaction dated 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 sale, 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 available at the SEC website. In other 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 transaction 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Ann B. Crane sold 58,000 shares of the stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $13.54, for a total transaction of $785,320.00. Following the transaction, the director now directly owns 192,247 shares of the company’s stock, valued at $2,603,024.38. The disclosure for this sale can be found here. In the last ninety days, insiders sold 102,241 shares of company stock valued at $1,360,359. Corporate insiders own 0.89% of the company’s stock.

Institutional Trading of Huntington Bancshares

Institutional investors have recently modified their holdings of the business. California Public Employees Retirement System lifted its stake in shares of Huntington Bancshares by 2.3% during the 3rd quarter. California Public Employees Retirement System now owns 2,794,810 shares of the bank’s stock valued at $29,066,000 after buying an additional 62,674 shares in the last quarter. Comerica Bank purchased a new stake in Huntington Bancshares in the 3rd quarter worth approximately $5,261,000. Vest Financial LLC lifted its stake in Huntington Bancshares by 16.5% in the 4th quarter. Vest Financial LLC now owns 1,000,872 shares of the bank’s stock worth $12,731,000 after purchasing an additional 141,410 shares in the last quarter. Bank of Nova Scotia lifted its stake in Huntington Bancshares by 199.6% in the 3rd quarter. Bank of Nova Scotia now owns 374,289 shares of the bank’s stock worth $3,893,000 after purchasing an additional 249,356 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. lifted its stake in Huntington Bancshares by 5.0% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 120,744 shares of the bank’s stock worth $1,256,000 after purchasing an additional 5,740 shares in the last quarter. 80.72% of the stock is currently owned by hedge funds and other institutional investors.

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.