Huntington Bancshares Incorporated (NASDAQ:HBAN) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Huntington Bancshares Incorporated (NASDAQ:HBANGet Free Report) have been assigned an average recommendation of “Moderate Buy” from the sixteen ratings firms that are covering the company, MarketBeat reports. Six investment analysts have rated the stock with a hold recommendation, nine have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among brokers that have covered the stock in the last year is $15.17.

HBAN has been the subject of a number of research reports. Royal Bank of Canada increased their target price on Huntington Bancshares from $15.00 to $16.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 9th. Evercore ISI increased their target price on Huntington Bancshares from $15.00 to $16.00 and gave the stock an “outperform” rating in a report on Thursday, March 28th. Jefferies Financial Group upgraded Huntington Bancshares from a “hold” rating to a “buy” rating and increased their target price for the stock from $14.00 to $16.00 in a report on Monday, April 8th. UBS Group upgraded Huntington Bancshares from a “neutral” rating to a “buy” rating and increased their target price for the stock from $14.00 to $15.00 in a report on Wednesday, February 14th. Finally, Morgan Stanley reiterated an “overweight” rating and set a $16.00 target price on shares of Huntington Bancshares in a report on Monday, April 22nd.

View Our Latest Stock Analysis on Huntington Bancshares

Insider Buying and Selling at Huntington Bancshares

In other Huntington Bancshares news, insider Kendall A. Kowalski sold 15,711 shares of the stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $13.84, for a total value of $217,440.24. Following the transaction, the insider now directly owns 65,195 shares of the company’s stock, valued at approximately $902,298.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Huntington Bancshares news, CFO Zachary Jacob Wasserman sold 30,000 shares of the business’s stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $13.66, for a total transaction of $409,800.00. Following the sale, the chief financial officer now owns 305,884 shares of the company’s stock, valued at $4,178,375.44. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Kendall A. Kowalski sold 15,711 shares of the business’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $13.84, for a total transaction of $217,440.24. Following the sale, the insider now directly owns 65,195 shares in the company, valued at approximately $902,298.80. The disclosure for this sale can be found here. Insiders have sold a total of 224,092 shares of company stock valued at $3,031,731 in the last three months. 0.92% of the stock is currently owned by company insiders.

Institutional Trading of Huntington Bancshares

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Toronto Dominion Bank grew its stake in shares of Huntington Bancshares by 2.1% in the first quarter. Toronto Dominion Bank now owns 819,314 shares of the bank’s stock worth $11,429,000 after purchasing an additional 17,086 shares during the last quarter. Axxcess Wealth Management LLC grew its stake in shares of Huntington Bancshares by 20.0% in the first quarter. Axxcess Wealth Management LLC now owns 92,069 shares of the bank’s stock worth $1,284,000 after purchasing an additional 15,331 shares during the last quarter. CreativeOne Wealth LLC bought a new stake in shares of Huntington Bancshares in the first quarter worth $249,000. LGT Group Foundation bought a new stake in shares of Huntington Bancshares in the first quarter worth $163,000. Finally, Pitcairn Co. grew its stake in shares of Huntington Bancshares by 7.8% in the first quarter. Pitcairn Co. now owns 16,934 shares of the bank’s stock worth $236,000 after purchasing an additional 1,230 shares during the last quarter. Institutional investors own 80.72% of the company’s stock.

Huntington Bancshares Trading Up 0.9 %

NASDAQ:HBAN opened at $14.08 on Wednesday. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.88. Huntington Bancshares has a 1-year low of $9.25 and a 1-year high of $14.16. The firm has a market capitalization of $20.41 billion, a price-to-earnings ratio of 12.68, a PEG ratio of 2.60 and a beta of 1.09. The business’s 50-day moving average price is $13.56 and its two-hundred day moving average price is $12.62.

Huntington Bancshares (NASDAQ:HBANGet Free Report) last announced its quarterly earnings results on Friday, April 19th. The bank reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.03. Huntington Bancshares had a net margin of 15.86% and a return on equity of 11.99%. The company had revenue of $2.85 billion during the quarter, compared to analyst estimates of $1.74 billion. During the same quarter in the previous year, the business earned $0.38 EPS. On average, equities analysts expect that Huntington Bancshares will post 1.21 earnings per share for the current year.

Huntington Bancshares Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Monday, June 17th will be paid a $0.155 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $0.62 annualized dividend and a yield of 4.40%. Huntington Bancshares’s dividend payout ratio (DPR) is currently 55.86%.

Huntington Bancshares Company Profile

(Get Free Report

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.

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Analyst Recommendations for Huntington Bancshares (NASDAQ:HBAN)

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