Barclays Issues Positive Forecast for Huntington Bancshares (NASDAQ:HBAN) Stock Price

Huntington Bancshares (NASDAQ:HBAN) had its price objective boosted by Barclays from $17.00 to $19.00 in a report released on Monday morning,Benzinga reports. They currently have an equal weight rating on the bank’s stock.

Other research analysts also recently issued research reports about the stock. The Goldman Sachs Group boosted their target price on shares of Huntington Bancshares from $16.25 to $20.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Keefe, Bruyette & Woods boosted their price objective on shares of Huntington Bancshares from $16.00 to $19.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. StockNews.com upgraded shares of Huntington Bancshares from a “sell” rating to a “hold” rating in a research report on Thursday, December 12th. Sandler O’Neill reiterated a “buy” rating on shares of Huntington Bancshares in a report on Friday, October 18th. Finally, Piper Sandler raised their price objective on Huntington Bancshares from $15.00 to $17.50 and gave the stock an “underweight” rating in a report on Tuesday, December 3rd. One research analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, Huntington Bancshares currently has a consensus rating of “Moderate Buy” and a consensus target price of $17.69.

Huntington Bancshares Stock Up 0.5 %

Shares of NASDAQ HBAN opened at $16.53 on Monday. The firm’s 50-day moving average is $16.99 and its two-hundred day moving average is $15.26. The company has a market capitalization of $24.01 billion, a PE ratio of 15.89, a price-to-earnings-growth ratio of 3.42 and a beta of 1.07. Huntington Bancshares has a 12-month low of $12.02 and a 12-month high of $18.44. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.88 and a quick ratio of 0.87.

Huntington Bancshares (NASDAQ:HBAN) last announced its earnings results on Thursday, October 17th. The bank reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.03. Huntington Bancshares had a return on equity of 10.72% and a net margin of 14.19%. The firm had revenue of $1.89 billion for the quarter, compared to analysts’ expectations of $1.86 billion. During the same quarter in the prior year, the firm earned $0.36 EPS. Equities analysts anticipate that Huntington Bancshares will post 1.22 EPS for the current fiscal year.

Huntington Bancshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Wednesday, December 18th were given a $0.155 dividend. This represents a $0.62 annualized dividend and a dividend yield of 3.75%. The ex-dividend date of this dividend was Wednesday, December 18th. Huntington Bancshares’s payout ratio is currently 59.62%.

Insider Activity at Huntington Bancshares

In related news, insider Helga Houston sold 6,455 shares of the business’s stock in a transaction that occurred on Wednesday, October 23rd. The stock was sold at an average price of $15.43, for a total transaction of $99,600.65. Following the transaction, the insider now directly owns 558,342 shares of the company’s stock, valued at approximately $8,615,217.06. The trade was a 1.14 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Scott D. Kleinman sold 28,600 shares of the company’s stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $17.67, for a total value of $505,362.00. Following the completion of the transaction, the vice president now owns 496,076 shares of the company’s stock, valued at approximately $8,765,662.92. This represents a 5.45 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 43,699 shares of company stock worth $757,356. 0.89% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. TD Asset Management Inc boosted its position in Huntington Bancshares by 3.6% in the 2nd quarter. TD Asset Management Inc now owns 553,095 shares of the bank’s stock valued at $7,290,000 after buying an additional 19,287 shares during the last quarter. Arizona State Retirement System boosted its holdings in Huntington Bancshares by 0.4% in the second quarter. Arizona State Retirement System now owns 399,908 shares of the bank’s stock valued at $5,271,000 after purchasing an additional 1,617 shares during the last quarter. Candriam S.C.A. grew its stake in Huntington Bancshares by 7.4% during the 2nd quarter. Candriam S.C.A. now owns 176,128 shares of the bank’s stock valued at $2,321,000 after purchasing an additional 12,086 shares in the last quarter. Chris Bulman Inc purchased a new stake in Huntington Bancshares during the 2nd quarter worth approximately $77,000. Finally, Acadian Asset Management LLC raised its position in shares of Huntington Bancshares by 19.4% in the 2nd quarter. Acadian Asset Management LLC now owns 32,391 shares of the bank’s stock valued at $426,000 after purchasing an additional 5,262 shares in the last quarter. 80.72% of the stock is owned by institutional investors and hedge funds.

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.