Huntington Bancshares (HBAN) Earning Somewhat Positive Media Coverage, Report Shows
News stories about Huntington Bancshares (NASDAQ:HBAN) have been trending somewhat positive this week, Accern Sentiment reports. The research group rates the sentiment of media coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Huntington Bancshares earned a news impact score of 0.18 on Accern’s scale. Accern also gave news headlines about the bank an impact score of 46.2157796876545 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the headlines that may have effected Accern Sentiment Analysis’s rankings:
- Huntington Bancshares Incorporated (HBAN) Revamps Its Position for Performance Measures – Stock News Stop (stockmarketstop.com)
- Golden Stocks-:- Huntington Bancshares Incorporated (NASDAQ:HBAN) – Market Breaking Point (press release) (journalfinance.net)
- Pivoting Stocks- Huntington Bancshares Incorporated (NASDAQ:HBAN) a Regional – Midwest Banks Company – The Stock Street (press release) (thestreetpoint.com)
- Today’s Research Report Coverage on Banking Stocks — Huntington Bancshares, Old National, Associated Banc-Corp, and KeyCorp (bizjournals.com)
- Huntington’s (HBAN) Q3 Earnings & Revenues Meet Estimates (finance.yahoo.com)
HBAN has been the subject of a number of research reports. FBR & Co reissued a “hold” rating and issued a $14.00 target price on shares of Huntington Bancshares in a report on Thursday, October 26th. Nomura increased their target price on shares of Huntington Bancshares from $16.00 to $17.00 and gave the stock a “buy” rating in a report on Thursday, October 26th. BMO Capital Markets cut shares of Huntington Bancshares from an “outperform” rating to a “market perform” rating and set a $16.00 target price for the company. in a report on Thursday, October 26th. Piper Jaffray Companies reissued a “buy” rating and issued a $15.50 target price on shares of Huntington Bancshares in a report on Tuesday, October 17th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $14.25 target price on shares of Huntington Bancshares in a report on Friday, October 13th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $15.22.
Shares of Huntington Bancshares (NASDAQ:HBAN) traded down $0.08 during midday trading on Friday, reaching $13.46. 2,257,258 shares of the company were exchanged, compared to its average volume of 9,429,352. The company has a market cap of $14,636.01, a price-to-earnings ratio of 14.10, a PEG ratio of 1.54 and a beta of 1.34. Huntington Bancshares has a 1-year low of $12.14 and a 1-year high of $14.74. The company has a current ratio of 0.88, a quick ratio of 0.87 and a debt-to-equity ratio of 0.96.
Huntington Bancshares (NASDAQ:HBAN) last released its quarterly earnings results on Wednesday, October 25th. The bank reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.02). Huntington Bancshares had a return on equity of 11.96% and a net margin of 20.76%. The firm had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.10 billion. During the same quarter in the previous year, the business posted $0.11 EPS. analysts predict that Huntington Bancshares will post 0.97 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Monday, December 18th will be issued a dividend of $0.11 per share. This is a positive change from Huntington Bancshares’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend is Friday, December 15th. This represents a $0.44 annualized dividend and a yield of 3.27%. Huntington Bancshares’s dividend payout ratio (DPR) is presently 39.51%.
In other Huntington Bancshares news, EVP Daniel J. Neumeyer sold 43,491 shares of the firm’s stock in a transaction that occurred on Tuesday, October 31st. The shares were sold at an average price of $13.88, for a total transaction of $603,655.08. Following the completion of the transaction, the executive vice president now owns 427,270 shares in the company, valued at approximately $5,930,507.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Helga Houston sold 14,513 shares of the firm’s stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $13.77, for a total transaction of $199,844.01. Following the transaction, the insider now owns 499,824 shares of the company’s stock, valued at approximately $6,882,576.48. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by company insiders.
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Huntington Bancshares Company Profile
Huntington Bancshares Incorporated (Huntington) is a bank holding company. Through its subsidiaries, including its bank subsidiary, The Huntington National Bank (the Bank), the Company provides commercial and consumer banking services, mortgage banking services, automobile financing, recreational vehicle and marine financing, equipment leasing, investment management, trust services, brokerage services, insurance programs, and other financial products and services.
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