Analysts Set Huntington Bancshares Incorporated (NASDAQ:HBAN) Target Price at $17.94

Huntington Bancshares Incorporated (NASDAQ:HBAN) has received a consensus recommendation of “Moderate Buy” from the nineteen research firms that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, fourteen have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $17.94.

Several research firms recently commented on HBAN. StockNews.com raised shares of Huntington Bancshares from a “sell” rating to a “hold” rating in a research report on Thursday, December 12th. Truist Financial lifted their target price on shares of Huntington Bancshares from $19.00 to $21.00 and gave the company a “buy” rating in a report on Tuesday, January 21st. Citigroup lowered their price target on Huntington Bancshares from $20.00 to $18.00 and set a “buy” rating for the company in a report on Monday, March 24th. Royal Bank of Canada restated an “outperform” rating and set a $20.00 price objective on shares of Huntington Bancshares in a research note on Tuesday, January 21st. Finally, Baird R W upgraded Huntington Bancshares from a “hold” rating to a “strong-buy” rating in a research note on Friday, March 7th.

Huntington Bancshares Trading Up 0.9 %

HBAN stock opened at $12.71 on Friday. Huntington Bancshares has a 52 week low of $11.92 and a 52 week high of $18.45. The company has a market cap of $18.57 billion, a price-to-earnings ratio of 10.33, a PEG ratio of 1.33 and a beta of 0.89. The company has a quick ratio of 0.88, a current ratio of 0.89 and a debt-to-equity ratio of 0.92. The business has a fifty day simple moving average of $15.70 and a 200-day simple moving average of $16.13.

Huntington Bancshares (NASDAQ:HBAN) last announced its quarterly earnings results on Friday, January 17th. The bank reported $0.34 EPS for the quarter, topping the consensus estimate of $0.31 by $0.03. Huntington Bancshares had a return on equity of 11.23% and a net margin of 16.23%. During the same quarter last year, the firm earned $0.27 earnings per share. On average, equities research analysts expect that Huntington Bancshares will post 1.39 EPS for the current year.

Huntington Bancshares Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 18th were issued a dividend of $0.155 per share. This represents a $0.62 annualized dividend and a dividend yield of 4.88%. The ex-dividend date of this dividend was Tuesday, March 18th. Huntington Bancshares’s dividend payout ratio (DPR) is presently 50.41%.

Insider Transactions at Huntington Bancshares

In other news, VP Brendan A. Lawlor sold 3,521 shares of the company’s stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $15.25, for a total transaction of $53,695.25. Following the completion of the transaction, the vice president now owns 47,950 shares in the company, valued at approximately $731,237.50. This represents a 6.84 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Scott D. Kleinman sold 69,088 shares of Huntington Bancshares stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $14.67, for a total transaction of $1,013,520.96. Following the completion of the sale, the vice president now owns 453,129 shares in the company, valued at approximately $6,647,402.43. This represents a 13.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 111,781 shares of company stock worth $1,631,151. 0.89% of the stock is currently owned by company insiders.

Institutional Trading of Huntington Bancshares

Several large investors have recently added to or reduced their stakes in the business. Summit Global Investments bought a new position in shares of Huntington Bancshares in the first quarter worth $1,396,000. GAMMA Investing LLC grew its position in Huntington Bancshares by 1,497.1% in the 1st quarter. GAMMA Investing LLC now owns 633,362 shares of the bank’s stock valued at $95,070,000 after buying an additional 593,706 shares in the last quarter. Versant Capital Management Inc increased its stake in Huntington Bancshares by 410.9% during the 1st quarter. Versant Capital Management Inc now owns 5,492 shares of the bank’s stock valued at $82,000 after buying an additional 4,417 shares during the period. First Hawaiian Bank raised its position in shares of Huntington Bancshares by 42.3% during the 1st quarter. First Hawaiian Bank now owns 47,324 shares of the bank’s stock worth $710,000 after buying an additional 14,062 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its stake in shares of Huntington Bancshares by 89.0% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 376,733 shares of the bank’s stock worth $6,129,000 after acquiring an additional 177,356 shares during the period. 80.72% of the stock is currently 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.