Huntington Bancshares Inc. (HBAN) Shares Down 1.6%
Huntington Bancshares Inc. (NASDAQ:HBAN) were down 1.6% during mid-day trading on Thursday . The company traded as low as $9.49 and last traded at $9.51, with a volume of 130,862,054 shares trading hands. The stock had previously closed at $9.66.
A number of equities research analysts have issued reports on HBAN shares. Vetr downgraded Huntington Bancshares from a “strong-buy” rating to a “buy” rating and set a $11.38 price target for the company. in a research note on Wednesday, May 18th. Jefferies Group restated a “buy” rating on shares of Huntington Bancshares in a research note on Thursday, August 4th. Deutsche Bank AG reaffirmed a “hold” rating and set a $10.50 price objective on shares of Huntington Bancshares in a research report on Monday, June 27th. JPMorgan Chase & Co. reaffirmed a “hold” rating and set a $10.50 price objective on shares of Huntington Bancshares in a research report on Thursday, June 9th. Finally, Credit Suisse Group AG reaffirmed a “hold” rating on shares of Huntington Bancshares in a research report on Monday, May 2nd. Fifteen equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $11.08.
The firm has a market cap of $7.60 billion and a P/E ratio of 12.19. The company’s 50-day moving average is $9.29 and its 200 day moving average is $9.48.
Huntington Bancshares (NASDAQ:HBAN) last issued its quarterly earnings results on Thursday, July 21st. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by $0.02. During the same period in the prior year, the firm posted $0.23 earnings per share. On average, analysts expect that Huntington Bancshares Inc. will post $0.79 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, October 3rd. Shareholders of record on Monday, September 19th will be given a dividend of $0.07 per share. The ex-dividend date is Thursday, September 15th. This represents a $0.28 dividend on an annualized basis and a yield of 2.94%.
In other Huntington Bancshares news, EVP David S. Anderson sold 25,000 shares of the stock in a transaction that occurred on Tuesday, May 24th. The stock was sold at an average price of $10.36, for a total transaction of $259,000.00. Following the transaction, the executive vice president now owns 115,783 shares in the company, valued at $1,199,511.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Daniel J. Neumeyer sold 9,662 shares of the stock in a transaction that occurred on Wednesday, May 25th. The stock was sold at an average price of $10.61, for a total value of $102,513.82. Following the transaction, the executive vice president now owns 368,576 shares in the company, valued at approximately $3,910,591.36. The disclosure for this sale can be found here.
A number of institutional investors have modified their holdings of HBAN. US Bancorp DE increased its position in shares of Huntington Bancshares by 22.1% in the fourth quarter. US Bancorp DE now owns 143,864 shares of the company’s stock worth $1,591,000 after buying an additional 26,060 shares in the last quarter. GSA Capital Partners LLP increased its position in Huntington Bancshares by 239.8% in the fourth quarter. GSA Capital Partners LLP now owns 91,096 shares of the company’s stock valued at $1,008,000 after buying an additional 64,291 shares during the period. Airain ltd purchased a new position in Huntington Bancshares during the fourth quarter valued at $4,930,000. I.G. Investment Management LTD. increased its position in Huntington Bancshares by 5.9% in the fourth quarter. I.G. Investment Management LTD. now owns 1,607,900 shares of the company’s stock valued at $17,783,000 after buying an additional 89,300 shares during the period. Finally, Mitsubishi UFJ Kokusai Asset Management CO. LTD. increased its position in Huntington Bancshares by 4.4% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. now owns 106,615 shares of the company’s stock valued at $1,179,000 after buying an additional 4,471 shares during the period.
Huntington Bancshares Incorporated is a diversified regional bank holding company. Through its subsidiaries, including its bank subsidiary, The Huntington National Bank (the Bank), the Company is engaged in providing commercial, small business, consumer banking services, mortgage banking services, automobile financing, equipment leasing, investment management, trust services, brokerage services, customized insurance programs, and other financial products and services.
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