Huntington Bancshares (NASDAQ:HBAN) Earns Daily Coverage Optimism Rating of 0.24

Press coverage about Huntington Bancshares (NASDAQ:HBAN) has been trending somewhat positive this week, according to Accern Sentiment. The research firm scores the sentiment of press coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Huntington Bancshares earned a media sentiment score of 0.24 on Accern’s scale. Accern also gave news stories about the bank an impact score of 46.5627317440638 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

Here are some of the news stories that may have impacted Accern Sentiment Analysis’s analysis:

Shares of Huntington Bancshares (NASDAQ HBAN) opened at $15.89 on Thursday. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.88 and a quick ratio of 0.87. The firm has a market capitalization of $16,637.86, a price-to-earnings ratio of 15.84, a price-to-earnings-growth ratio of 1.18 and a beta of 1.35. Huntington Bancshares has a twelve month low of $12.14 and a twelve month high of $16.53.

Huntington Bancshares (NASDAQ:HBAN) last posted its earnings results on Tuesday, January 23rd. The bank reported $0.26 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.26. The company had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.10 billion. Huntington Bancshares had a return on equity of 12.12% and a net margin of 25.02%. During the same quarter in the prior year, the company earned $0.18 earnings per share. equities research analysts forecast that Huntington Bancshares will post 1.2 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 2nd. Investors of record on Monday, March 19th will be paid a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 2.77%. The ex-dividend date of this dividend is Friday, March 16th. Huntington Bancshares’s payout ratio is currently 32.00%.

A number of brokerages have issued reports on HBAN. Zacks Investment Research downgraded Huntington Bancshares from a “buy” rating to a “hold” rating in a report on Tuesday. ValuEngine downgraded Huntington Bancshares from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. BidaskClub raised Huntington Bancshares from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 10th. JPMorgan Chase & Co. upped their price target on Huntington Bancshares from $16.00 to $17.00 and gave the company a “neutral” rating in a report on Thursday, January 25th. Finally, Macquarie cut Huntington Bancshares from an “outperform” rating to a “neutral” rating and boosted their price objective for the company from $16.04 to $16.50 in a research note on Wednesday, January 24th. Ten equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $16.75.

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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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