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

Huntington Bancshares Incorporated (NASDAQ:HBAN) has earned an average rating of “Moderate Buy” from the twenty-two brokerages that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $20.0263.

Several equities research analysts have recently commented on HBAN shares. Keefe, Bruyette & Woods raised their target price on shares of Huntington Bancshares from $19.00 to $20.00 and gave the stock a “market perform” rating in a research report on Monday, October 20th. Wolfe Research reaffirmed an “outperform” rating and set a $21.00 price objective on shares of Huntington Bancshares in a research report on Wednesday. Weiss Ratings reiterated a “buy (b-)” rating on shares of Huntington Bancshares in a report on Wednesday, October 8th. Cowen restated a “buy” rating on shares of Huntington Bancshares in a research note on Monday, October 20th. Finally, TD Cowen lifted their price target on Huntington Bancshares from $22.00 to $23.00 and gave the company a “buy” rating in a research report on Tuesday, October 28th.

Huntington Bancshares Trading Down 1.2%

HBAN opened at $18.24 on Monday. Huntington Bancshares has a one year low of $11.91 and a one year high of $18.62. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.92 and a quick ratio of 0.91. The business has a 50 day simple moving average of $16.82 and a two-hundred day simple moving average of $16.83. The firm has a market capitalization of $28.72 billion, a price-to-earnings ratio of 12.76, a PEG ratio of 0.68 and a beta of 0.95.

Huntington Bancshares (NASDAQ:HBAN) last issued its quarterly earnings data on Monday, December 1st. The bank reported $0.67 earnings per share for the quarter. Huntington Bancshares had a return on equity of 12.14% and a net margin of 18.06%.The firm had revenue of $580.00 million for the quarter. Analysts predict that Huntington Bancshares will post 1.39 EPS for the current year.

Huntington Bancshares Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 2nd. Stockholders of record on Thursday, December 18th were given a $0.155 dividend. The ex-dividend date of this dividend was Thursday, December 18th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 3.4%. Huntington Bancshares’s dividend payout ratio is currently 43.36%.

Insider Buying and Selling

In other Huntington Bancshares news, EVP Marcy C. Hingst sold 12,832 shares of the firm’s stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $18.00, for a total transaction of $230,976.00. Following the completion of the transaction, the executive vice president owned 239,473 shares of the company’s stock, valued at approximately $4,310,514. This trade represents a 5.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director John C. Inglis bought 6,506 shares of the stock in a transaction dated Tuesday, November 4th. The shares were acquired at an average price of $15.30 per share, with a total value of $99,541.80. Following the completion of the acquisition, the director directly owned 89,831 shares of the company’s stock, valued at approximately $1,374,414.30. The trade was a 7.81% increase in their position. The SEC filing for this purchase provides additional information. Insiders sold 97,863 shares of company stock worth $1,581,634 over the last 90 days. Corporate insiders own 0.89% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. State of Wyoming grew its stake in shares of Huntington Bancshares by 26.7% in the first quarter. State of Wyoming now owns 6,507 shares of the bank’s stock worth $98,000 after acquiring an additional 1,371 shares during the last quarter. Quarry LP raised its position in shares of Huntington Bancshares by 73.0% in the 1st quarter. Quarry LP now owns 1,929 shares of the bank’s stock worth $29,000 after purchasing an additional 814 shares during the last quarter. EP Wealth Advisors LLC boosted its stake in Huntington Bancshares by 18.2% in the 1st quarter. EP Wealth Advisors LLC now owns 14,777 shares of the bank’s stock worth $222,000 after purchasing an additional 2,272 shares in the last quarter. Alliancebernstein L.P. grew its position in Huntington Bancshares by 1.5% during the 1st quarter. Alliancebernstein L.P. now owns 1,808,383 shares of the bank’s stock valued at $27,144,000 after purchasing an additional 27,100 shares during the last quarter. Finally, Integrated Wealth Concepts LLC increased its stake in Huntington Bancshares by 2.0% during the 1st quarter. Integrated Wealth Concepts LLC now owns 69,331 shares of the bank’s stock valued at $1,041,000 after purchasing an additional 1,342 shares in the last quarter. Institutional investors own 80.72% of the company’s stock.

About Huntington Bancshares

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.