Brokerages Set Huntington Bancshares Incorporated (NASDAQ:HBAN) Price Target at $14.97

Shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) have been assigned a consensus rating of “Moderate Buy” from the sixteen research firms that are currently covering the firm, MarketBeat reports. Six equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $15.17.

Several brokerages have issued reports on HBAN. Royal Bank of Canada upped their price target on shares of Huntington Bancshares from $15.00 to $16.00 and gave the company an “outperform” rating in a research report on Tuesday, April 9th. DA Davidson upgraded shares of Huntington Bancshares from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $14.00 to $15.50 in a research report on Tuesday, February 27th. Keefe, Bruyette & Woods upped their price target on shares of Huntington Bancshares from $14.00 to $15.00 and gave the company a “market perform” rating in a research report on Friday, April 5th. Morgan Stanley reissued an “overweight” rating and issued a $16.00 price objective on shares of Huntington Bancshares in a research note on Monday. Finally, UBS Group raised Huntington Bancshares from a “neutral” rating to a “buy” rating and raised their target price for the stock from $14.00 to $15.00 in a research note on Wednesday, February 14th.

Insider Buying and Selling at Huntington Bancshares

In other news, insider Helga Houston sold 28,700 shares of the stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $13.17, for a total transaction of $377,979.00. Following the completion of the sale, the insider now owns 568,222 shares of the company’s stock, valued at $7,483,483.74. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, insider Helga Houston sold 28,700 shares of the firm’s stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $13.17, for a total value of $377,979.00. Following the completion of the sale, the insider now owns 568,222 shares of the company’s stock, valued at $7,483,483.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ann B. Crane sold 58,000 shares of the firm’s stock in a transaction on Friday, March 8th. The stock was sold at an average price of $13.54, for a total value of $785,320.00. Following the completion of the sale, the director now directly owns 192,247 shares of the company’s stock, valued at approximately $2,603,024.38. The disclosure for this sale can be found here. Insiders have sold 102,241 shares of company stock worth $1,360,359 over the last ninety days. Insiders own 0.92% of the company’s stock.

Institutional Investors Weigh In On Huntington Bancshares

Large investors have recently bought and sold shares of the business. International Assets Investment Management LLC purchased a new position in Huntington Bancshares in the third quarter worth about $381,000. Ronald Blue Trust Inc. lifted its position in shares of Huntington Bancshares by 27.9% during the 3rd quarter. Ronald Blue Trust Inc. now owns 7,556 shares of the bank’s stock valued at $81,000 after buying an additional 1,646 shares in the last quarter. Kentucky Retirement Systems purchased a new position in shares of Huntington Bancshares during the 3rd quarter valued at about $1,224,000. Kentucky Retirement Systems Insurance Trust Fund purchased a new position in Huntington Bancshares in the 3rd quarter worth approximately $547,000. Finally, Moody National Bank Trust Division lifted its holdings in Huntington Bancshares by 4.6% in the 3rd quarter. Moody National Bank Trust Division now owns 34,328 shares of the bank’s stock worth $357,000 after purchasing an additional 1,501 shares in the last quarter. 80.72% of the stock is currently owned by institutional investors.

Huntington Bancshares Stock Up 1.0 %

Huntington Bancshares stock opened at $13.76 on Friday. The firm has a market capitalization of $19.95 billion, a PE ratio of 12.40, a P/E/G ratio of 2.50 and a beta of 1.11. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.88 and a quick ratio of 0.88. The company’s 50-day moving average is $13.33 and its 200-day moving average is $12.22. Huntington Bancshares has a fifty-two week low of $9.13 and a fifty-two week high of $14.07.

Huntington Bancshares (NASDAQ:HBAN) last posted its quarterly earnings data on Friday, April 19th. The bank reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.03. The firm had revenue of $2.85 billion during the quarter, compared to the consensus estimate of $1.74 billion. Huntington Bancshares had a net margin of 15.86% and a return on equity of 11.99%. During the same quarter in the previous year, the firm posted $0.38 EPS. Sell-side analysts anticipate that Huntington Bancshares will post 1.22 earnings per share for the current year.

Huntington Bancshares Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Monday, June 17th will be given a dividend of $0.155 per share. This represents a $0.62 dividend on an annualized basis and a yield of 4.51%. The ex-dividend date of this dividend is Friday, June 14th. Huntington Bancshares’s payout ratio is currently 55.86%.

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.