Huntington Bancshares (HBAN) Receives $16.98 Average Target Price from Analysts

Shares of Huntington Bancshares (NASDAQ:HBAN) have been assigned an average rating of “Buy” from the twenty-three brokerages that are currently covering the firm, MarketBeat Ratings reports. Nine equities research analysts have rated the stock with a hold recommendation and fourteen have assigned a buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $16.98.

HBAN has been the topic of a number of research reports. BidaskClub raised Huntington Bancshares from a “hold” rating to a “buy” rating in a report on Friday, December 22nd. Piper Jaffray reaffirmed a “buy” rating and issued a $17.00 price objective on shares of Huntington Bancshares in a report on Tuesday, January 9th. Robert W. Baird reaffirmed a “hold” rating and issued a $16.00 price objective on shares of Huntington Bancshares in a report on Wednesday, January 3rd. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $17.00 price objective on shares of Huntington Bancshares in a report on Tuesday, February 27th. Finally, Vining Sparks reaffirmed a “buy” rating and issued a $19.00 price objective on shares of Huntington Bancshares in a report on Tuesday, January 23rd.

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Large investors have recently added to or reduced their stakes in the company. SWS Partners bought a new stake in shares of Huntington Bancshares during the 4th quarter valued at $126,000. Kovack Advisors Inc. bought a new stake in shares of Huntington Bancshares during the 4th quarter worth $147,000. Mariner Wealth Advisors LLC bought a new stake in shares of Huntington Bancshares during the 4th quarter worth $158,000. Signition LP bought a new stake in shares of Huntington Bancshares during the 4th quarter worth $171,000. Finally, Lido Advisors LLC bought a new stake in shares of Huntington Bancshares during the 4th quarter worth $174,000. Hedge funds and other institutional investors own 73.91% of the company’s stock.

Shares of NASDAQ HBAN opened at $14.66 on Thursday. The company has a current ratio of 0.88, a quick ratio of 0.87 and a debt-to-equity ratio of 0.94. Huntington Bancshares has a one year low of $12.14 and a one year high of $16.60. The firm has a market capitalization of $16,524.02, a price-to-earnings ratio of 14.96, a PEG ratio of 1.05 and a beta of 1.33.

Huntington Bancshares (NASDAQ:HBAN) last issued its quarterly earnings data on Tuesday, January 23rd. The bank reported $0.26 EPS for the quarter, meeting analysts’ consensus estimates of $0.26. Huntington Bancshares had a return on equity of 12.12% and a net margin of 25.02%. The firm had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same period in the prior year, the firm posted $0.18 EPS. equities analysts forecast that Huntington Bancshares will post 1.21 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, April 2nd. Stockholders of record on Monday, March 19th were given a dividend of $0.11 per share. The ex-dividend date of this dividend was Friday, March 16th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 3.00%. Huntington Bancshares’s payout ratio is 44.90%.

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About Huntington Bancshares

Huntington Bancshares Incorporated operates as a holding company for The Huntington National Bank that provides commercial, small business, consumer, and mortgage banking services. The company's Consumer and Business Banking segment offers financial products and services, such as checking accounts, savings accounts, money market accounts, certificates of deposit, consumer loans, and small business loans; and investments, mortgages, insurance, interest rate risk protection, and foreign exchange and treasury management services.

Analyst Recommendations for Huntington Bancshares (NASDAQ:HBAN)

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