Trading Report: Today, Analysts give average Rating of “Buy” to Huntington Bancshares Inc. (HBAN)

Today, Analysts give average Rating of “Buy” to Huntington Bancshares Inc. (HBAN)

Huntington Bancshares Inc. (NASDAQ:HBAN) has been given an average rating of “Buy” by the twenty-two research firms that are currently covering the firm. Eleven investment analysts have rated the stock with a hold recommendation, eight have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $11.29.

HBAN has been the subject of several research analyst reports. Jefferies Group reiterated a “buy” rating on shares of Huntington Bancshares in a research report on Thursday, August 4th. Zacks Investment Research cut Huntington Bancshares from a “hold” rating to a “sell” rating in a research report on Wednesday, September 21st. Deutsche Bank AG upgraded Huntington Bancshares from a “hold” rating to a “buy” rating and increased their target price for the stock from $10.50 to $11.50 in a research report on Wednesday, September 28th. Wedbush initiated coverage on Huntington Bancshares in a research report on Thursday, October 6th. They set an “outperform” rating and a $12.00 target price for the company. Finally, FBR & Co cut Huntington Bancshares from an “outperform” rating to a “market perform” rating and set a $11.00 target price for the company. in a research report on Tuesday, October 11th.

In other Huntington Bancshares news, EVP David S. Anderson sold 9,006 shares of the firm’s stock in a transaction on Monday, August 29th. The stock was sold at an average price of $9.82, for a total transaction of $88,438.92. Following the transaction, the executive vice president now directly owns 110,233 shares in the company, valued at approximately $1,082,488.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Sandra E. Pierce sold 52,994 shares of the firm’s stock in a transaction on Friday, November 11th. The stock was sold at an average price of $11.62, for a total value of $615,790.28. Following the transaction, the insider now owns 495,651 shares in the company, valued at $5,759,464.62. The disclosure for this sale can be found here. Company insiders own 1.65% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. FirstMerit Bank N A Trustee increased its position in shares of Huntington Bancshares by 290.1% in the second quarter. FirstMerit Bank N A Trustee now owns 89,365 shares of the company’s stock worth $799,000 after buying an additional 66,457 shares in the last quarter. Capital Insight Partners LLC increased its position in shares of Huntington Bancshares by 5.2% in the second quarter. Capital Insight Partners LLC now owns 177,410 shares of the company’s stock worth $1,586,000 after buying an additional 8,695 shares in the last quarter. Bank of Stockton increased its position in shares of Huntington Bancshares by 3.1% in the second quarter. Bank of Stockton now owns 46,710 shares of the company’s stock worth $418,000 after buying an additional 1,425 shares in the last quarter. Chevy Chase Trust Holdings Inc. increased its position in shares of Huntington Bancshares by 1.7% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 690,285 shares of the company’s stock worth $6,171,000 after buying an additional 11,476 shares in the last quarter. Finally, Exxonmobil Investment Management Inc. TX increased its position in shares of Huntington Bancshares by 6.8% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 206,787 shares of the company’s stock worth $1,849,000 after buying an additional 13,218 shares in the last quarter. Institutional investors own 62.32% of the company’s stock.

Shares of Huntington Bancshares (NASDAQ:HBAN) traded down 0.40% during mid-day trading on Friday, reaching $12.56. The company’s stock had a trading volume of 4,265,740 shares. Huntington Bancshares has a 52-week low of $7.83 and a 52-week high of $12.68. The company has a 50-day moving average price of $10.75 and a 200 day moving average price of $9.92. The company has a market cap of $13.62 billion, a PE ratio of 17.74 and a beta of 1.16.

Huntington Bancshares (NASDAQ:HBAN) last released its earnings results on Wednesday, October 26th. The company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.01. Huntington Bancshares had a return on equity of 10.97% and a net margin of 18.87%. During the same quarter in the previous year, the company earned $0.18 earnings per share. Equities analysts expect that Huntington Bancshares will post $0.73 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 2nd. Shareholders of record on Tuesday, December 20th will be issued a dividend of $0.08 per share. This is an increase from Huntington Bancshares’s previous quarterly dividend of $0.07. This represents a $0.32 annualized dividend and a yield of 2.54%. The ex-dividend date of this dividend is Friday, December 16th. Huntington Bancshares’s dividend payout ratio (DPR) is presently 39.44%.

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