Huntington Bancshares Incorporated (NASDAQ:HBAN) Receives $19.92 Consensus PT from Brokerages

Shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) have received a consensus rating of “Moderate Buy” from the twenty-two analysts that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, four have given a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $20.0263.

Several analysts recently issued reports on HBAN shares. Royal Bank Of Canada lifted their target price on Huntington Bancshares from $19.00 to $20.00 and gave the company an “outperform” rating in a research note on Friday, December 19th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Huntington Bancshares from $20.00 to $21.00 and gave the company a “buy” rating in a research report on Tuesday, September 30th. Barclays boosted their target price on shares of Huntington Bancshares from $19.00 to $20.00 and gave the stock an “equal weight” rating in a report on Monday. Truist Financial raised their target price on shares of Huntington Bancshares from $19.00 to $20.00 and gave the company a “buy” rating in a research note on Friday, September 12th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Huntington Bancshares from $18.00 to $18.50 and gave the stock an “overweight” rating in a research note on Friday, October 10th.

Huntington Bancshares Trading Down 1.2%

Huntington Bancshares stock opened at $18.24 on Monday. Huntington Bancshares has a 12-month low of $11.91 and a 12-month high of $18.62. The firm has a market capitalization of $26.62 billion, a price-to-earnings ratio of 12.76, a P/E/G ratio of 0.69 and a beta of 0.95. The firm has a 50 day moving average of $16.82 and a 200 day moving average of $16.82. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 0.89.

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

Huntington Bancshares Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 2nd. Shareholders of record on Thursday, December 18th were issued a dividend of $0.155 per share. This represents a $0.62 annualized dividend and a yield of 3.4%. The ex-dividend date was Thursday, December 18th. Huntington Bancshares’s dividend payout ratio (DPR) is currently 43.36%.

Insider Buying and Selling at Huntington Bancshares

In related news, insider Helga Houston sold 64,587 shares of the business’s stock in a transaction on Friday, November 21st. The shares were sold at an average price of $15.38, for a total value of $993,348.06. Following the sale, the insider owned 534,640 shares in the company, valued at approximately $8,222,763.20. The trade was a 10.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director John C. Inglis acquired 6,506 shares of the company’s stock in a transaction on Tuesday, November 4th. The stock was acquired at an average cost of $15.30 per share, with a total value of $99,541.80. Following the completion of the purchase, the director directly owned 89,831 shares in the company, valued at approximately $1,374,414.30. This represents a 7.81% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders sold 97,863 shares of company stock worth $1,581,634. Company insiders own 0.89% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. State of Wyoming grew its holdings in Huntington Bancshares by 26.7% during the 1st quarter. State of Wyoming now owns 6,507 shares of the bank’s stock valued at $98,000 after purchasing an additional 1,371 shares during the last quarter. Quarry LP grew its stake in shares of Huntington Bancshares by 73.0% during the first quarter. Quarry LP now owns 1,929 shares of the bank’s stock valued at $29,000 after buying an additional 814 shares during the last quarter. EP Wealth Advisors LLC raised its holdings in shares of Huntington Bancshares by 18.2% in the first quarter. EP Wealth Advisors LLC now owns 14,777 shares of the bank’s stock worth $222,000 after buying an additional 2,272 shares during the period. Alliancebernstein L.P. raised its holdings in shares of Huntington Bancshares by 1.5% in the first quarter. Alliancebernstein L.P. now owns 1,808,383 shares of the bank’s stock worth $27,144,000 after buying an additional 27,100 shares during the period. Finally, Integrated Wealth Concepts LLC lifted its stake in shares of Huntington Bancshares by 2.0% during the 1st quarter. Integrated Wealth Concepts LLC now owns 69,331 shares of the bank’s stock worth $1,041,000 after acquiring an additional 1,342 shares during 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.