Huntington Bancshares Incorporated (HBAN) Given Average Recommendation of “Hold” by Brokerages

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Shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) have been assigned an average rating of “Hold” from the fifteen ratings firms that are currently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $16.50.

A number of research analysts recently weighed in on HBAN shares. Raymond James dropped their price target on Huntington Bancshares from $17.00 to $16.00 and set a “buy” rating on the stock in a research note on Wednesday, October 24th. Vining Sparks reaffirmed a “buy” rating and set a $18.00 price target on shares of Huntington Bancshares in a research note on Thursday, January 24th. ValuEngine raised Huntington Bancshares from a “sell” rating to a “hold” rating in a report on Monday, November 12th. Sandler O’Neill lowered Huntington Bancshares from a “buy” rating to a “hold” rating and set a $16.00 price objective for the company. in a report on Thursday, November 29th. They noted that the move was a valuation call. Finally, Jefferies Financial Group lowered Huntington Bancshares from a “buy” rating to a “hold” rating and set a $14.00 price objective for the company. in a report on Monday, January 28th.

In other news, Director Kathleen H. Ransier sold 4,820 shares of the company’s stock in a transaction that occurred on Thursday, November 29th. The stock was sold at an average price of $14.53, for a total value of $70,034.60. Following the completion of the transaction, the director now directly owns 113,712 shares of the company’s stock, valued at $1,652,235.36. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Helga Houston sold 42,608 shares of the company’s stock in a transaction that occurred on Tuesday, November 13th. The shares were sold at an average price of $14.66, for a total value of $624,633.28. The disclosure for this sale can be found here. Insiders have sold a total of 65,938 shares of company stock valued at $944,368 over the last three months. Corporate insiders own 1.05% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in HBAN. Financial Gravity Companies Inc. bought a new position in shares of Huntington Bancshares in the fourth quarter valued at approximately $25,000. We Are One Seven LLC bought a new position in Huntington Bancshares during the fourth quarter valued at $29,000. Transamerica Financial Advisors Inc. grew its holdings in Huntington Bancshares by 562.0% during the fourth quarter. Transamerica Financial Advisors Inc. now owns 2,721 shares of the bank’s stock valued at $33,000 after purchasing an additional 2,310 shares during the period. Doyle Wealth Management bought a new position in Huntington Bancshares during the fourth quarter valued at $36,000. Finally, Whittier Trust Co. bought a new position in Huntington Bancshares during the fourth quarter valued at $37,000. 76.20% of the stock is owned by institutional investors.

HBAN stock opened at $13.68 on Wednesday. Huntington Bancshares has a fifty-two week low of $11.12 and a fifty-two week high of $16.60. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.86 and a current ratio of 0.87. The company has a market cap of $14.46 billion, a P/E ratio of 11.40, a PEG ratio of 1.12 and a beta of 1.35.

Huntington Bancshares (NASDAQ:HBAN) last posted its quarterly earnings results on Thursday, January 24th. The bank reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.02). Huntington Bancshares had a return on equity of 13.93% and a net margin of 26.43%. The firm had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.16 billion. During the same period last year, the company posted $0.26 earnings per share. On average, equities research analysts forecast that Huntington Bancshares will post 1.35 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 1st. Shareholders of record on Monday, March 18th will be issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 4.09%. The ex-dividend date is Friday, March 15th. Huntington Bancshares’s dividend payout ratio is currently 46.67%.

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 operates through four business segments: Consumer and Business Banking, Commercial Banking, Vehicle Finance, and Regional Banking and The Huntington Private Client Group (RBHPCG).

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Analyst Recommendations for Huntington Bancshares (NASDAQ:HBAN)

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