Huntington Bancshares Incorporated (NASDAQ:HBAN) Receives Consensus Rating of “Moderate Buy” from Analysts

Huntington Bancshares Incorporated (NASDAQ:HBAN) has received an average recommendation of “Moderate Buy” from the sixteen ratings firms that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $14.97.

HBAN has been the topic of several recent research reports. Morgan Stanley reduced their price target on Huntington Bancshares from $16.00 to $15.00 and set an “overweight” rating on the stock in a research report on Wednesday, June 12th. JPMorgan Chase & Co. reduced their price target on Huntington Bancshares from $17.00 to $16.50 and set an “overweight” rating on the stock in a research report on Thursday, June 27th. Stephens restated an “equal weight” rating and issued a $15.00 price target on shares of Huntington Bancshares in a research report on Monday, April 22nd. Evercore ISI reduced their price target on Huntington Bancshares from $16.50 to $15.00 and set an “outperform” rating on the stock in a research report on Tuesday, June 25th. Finally, StockNews.com lowered Huntington Bancshares from a “hold” rating to a “sell” rating in a research report on Wednesday, June 19th.

Huntington Bancshares Trading Down 1.3 %

HBAN stock opened at $13.04 on Thursday. The business has a fifty day moving average price of $13.39 and a 200 day moving average price of $13.16. Huntington Bancshares has a fifty-two week low of $9.25 and a fifty-two week high of $14.30. The stock has a market capitalization of $18.90 billion, a price-to-earnings ratio of 11.75, a P/E/G ratio of 2.49 and a beta of 1.06. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.88 and a quick ratio of 0.88.

Huntington Bancshares (NASDAQ:HBAN) last announced its quarterly earnings data on Friday, April 19th. The bank reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.03. The firm had revenue of $2.85 billion for the quarter, compared to analyst estimates of $1.74 billion. Huntington Bancshares had a return on equity of 11.99% and a net margin of 15.86%. During the same period last year, the company earned $0.38 EPS. Analysts expect that Huntington Bancshares will post 1.18 EPS for the current fiscal year.

Huntington Bancshares Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, July 1st. Shareholders of record on Monday, June 17th were paid a $0.155 dividend. This represents a $0.62 annualized dividend and a dividend yield of 4.75%. The ex-dividend date was Monday, June 17th. Huntington Bancshares’s dividend payout ratio is 55.86%.

Insider Buying and Selling at Huntington Bancshares

In related news, CFO Zachary Jacob Wasserman sold 30,000 shares of Huntington Bancshares stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $13.66, for a total value of $409,800.00. Following the sale, the chief financial officer now owns 305,884 shares of the company’s stock, valued at $4,178,375.44. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, VP Brantley J. Standridge sold 50,000 shares of Huntington Bancshares stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $13.60, for a total value of $680,000.00. Following the sale, the vice president now owns 385,409 shares of the company’s stock, valued at $5,241,562.40. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Zachary Jacob Wasserman sold 30,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $13.66, for a total value of $409,800.00. Following the transaction, the chief financial officer now directly owns 305,884 shares in the company, valued at approximately $4,178,375.44. The disclosure for this sale can be found here. Insiders have sold 157,829 shares of company stock valued at $2,148,623 in the last 90 days. 0.92% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of HBAN. First Hawaiian Bank grew its position in shares of Huntington Bancshares by 30.4% during the 2nd quarter. First Hawaiian Bank now owns 34,732 shares of the bank’s stock worth $458,000 after purchasing an additional 8,091 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Huntington Bancshares by 136.1% during the 2nd quarter. GAMMA Investing LLC now owns 30,599 shares of the bank’s stock worth $403,000 after acquiring an additional 17,640 shares in the last quarter. Transcend Capital Advisors LLC boosted its position in shares of Huntington Bancshares by 7.0% during the 2nd quarter. Transcend Capital Advisors LLC now owns 52,214 shares of the bank’s stock worth $688,000 after acquiring an additional 3,401 shares in the last quarter. Abich Financial Wealth Management LLC boosted its position in shares of Huntington Bancshares by 43.1% during the 1st quarter. Abich Financial Wealth Management LLC now owns 7,912 shares of the bank’s stock worth $110,000 after acquiring an additional 2,383 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale boosted its position in shares of Huntington Bancshares by 3.6% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 586,246 shares of the bank’s stock worth $8,049,000 after acquiring an additional 20,540 shares in the last quarter. 80.72% of the stock is owned by institutional investors.

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.