Huntington Bancshares Incorporated (NASDAQ:HBAN) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) have been assigned an average rating of “Moderate Buy” from the nineteen brokerages that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have assigned a buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $18.06.

Several analysts have recently weighed in on the stock. JPMorgan Chase & Co. reiterated an “overweight” rating and set a $20.00 target price (up from $18.50) on shares of Huntington Bancshares in a research report on Wednesday, December 4th. Royal Bank of Canada reiterated an “outperform” rating and issued a $20.00 price objective on shares of Huntington Bancshares in a research note on Tuesday, January 21st. DA Davidson lifted their price objective on Huntington Bancshares from $16.50 to $17.50 and gave the company a “buy” rating in a report on Monday, October 21st. Keefe, Bruyette & Woods lifted their price target on shares of Huntington Bancshares from $16.00 to $19.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. Finally, Stephens reaffirmed an “equal weight” rating and set a $18.50 price objective on shares of Huntington Bancshares in a research note on Friday, February 7th.

Huntington Bancshares Trading Up 0.1 %

Huntington Bancshares stock opened at $16.61 on Friday. Huntington Bancshares has a 12 month low of $12.05 and a 12 month high of $18.44. The stock has a market cap of $24.13 billion, a price-to-earnings ratio of 13.50, a price-to-earnings-growth ratio of 1.41 and a beta of 1.07. The business has a 50 day moving average price of $16.76 and a two-hundred day moving average price of $15.85. The company has a quick ratio of 0.88, a current ratio of 0.89 and a debt-to-equity ratio of 0.92.

Huntington Bancshares (NASDAQ:HBAN) last posted its quarterly earnings results on Friday, January 17th. The bank reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.03. Huntington Bancshares had a net margin of 16.23% and a return on equity of 11.23%. During the same quarter in the prior year, the company earned $0.27 EPS. As a group, equities analysts forecast that Huntington Bancshares will post 1.4 EPS for the current year.

Huntington Bancshares Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 18th will be paid a dividend of $0.155 per share. This represents a $0.62 annualized dividend and a dividend yield of 3.73%. The ex-dividend date is Tuesday, March 18th. Huntington Bancshares’s dividend payout ratio (DPR) is presently 50.41%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. CANADA LIFE ASSURANCE Co grew its stake in shares of Huntington Bancshares by 11.7% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 1,424,624 shares of the bank’s stock worth $23,180,000 after purchasing an additional 149,586 shares during the period. Canada Pension Plan Investment Board boosted its holdings in Huntington Bancshares by 174.3% during the fourth quarter. Canada Pension Plan Investment Board now owns 2,709,065 shares of the bank’s stock worth $44,076,000 after buying an additional 1,721,507 shares during the last quarter. Farringdon Capital Ltd. bought a new stake in shares of Huntington Bancshares in the 4th quarter valued at about $553,000. Marshall Wace LLP acquired a new stake in shares of Huntington Bancshares in the 4th quarter valued at approximately $26,480,000. Finally, NewEdge Advisors LLC boosted its stake in Huntington Bancshares by 51.9% during the 4th quarter. NewEdge Advisors LLC now owns 337,368 shares of the bank’s stock worth $5,489,000 after acquiring an additional 115,244 shares during the last quarter. Institutional investors own 80.72% of the company’s stock.

Huntington Bancshares Company Profile

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.