Today: Today: Huntington Bancshares Inc. (HBAN) gets “Market Perform” status at FBR & Co

Today: Huntington Bancshares Inc. (HBAN) gets “Market Perform” status at FBR & Co

FBR & Co cut shares of Huntington Bancshares Inc. (NASDAQ:HBAN) from an outperform rating to a market perform rating in a research report released on Tuesday morning. They currently have $11.00 target price on the stock.

Other equities research analysts have also issued research reports about the company. Nomura reiterated a hold rating on shares of Huntington Bancshares in a research note on Saturday, July 9th. Barclays PLC reissued a hold rating on shares of Huntington Bancshares in a report on Saturday, July 9th. Zacks Investment Research raised shares of Huntington Bancshares from a sell rating to a hold rating in a report on Tuesday, July 12th. Deutsche Bank AG reissued a hold rating and set a $10.50 price objective on shares of Huntington Bancshares in a report on Monday, June 27th. Finally, JPMorgan Chase & Co. reissued a hold rating and set a $9.50 price objective on shares of Huntington Bancshares in a report on Friday, July 22nd. Fifteen equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of Hold and an average price target of $11.12.

Huntington Bancshares (NASDAQ:HBAN) traded down 0.458% on Tuesday, hitting $9.775. The stock had a trading volume of 491,965 shares. The firm has a market cap of $7.81 billion, a price-to-earnings ratio of 12.532 and a beta of 1.13. The company’s 50 day moving average price is $9.88 and its 200 day moving average price is $9.70. Huntington Bancshares has a 52-week low of $7.83 and a 52-week high of $11.87.

Huntington Bancshares (NASDAQ:HBAN) last issued its quarterly earnings results on Thursday, July 21st. The company reported $0.19 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.21 by $0.02. Huntington Bancshares had a return on equity of 11.07% and a net margin of 20.85%. During the same period in the previous year, the business posted $0.23 earnings per share. Analysts expect that Huntington Bancshares will post $0.82 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Monday, October 3rd. Stockholders of record on Monday, September 19th were given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.85%. The ex-dividend date was Thursday, September 15th. Huntington Bancshares’s dividend payout ratio (DPR) is presently 35.90%.

In related news, EVP Nicholas G. Stanutz sold 35,350 shares of Huntington Bancshares stock in a transaction that occurred on Monday, August 22nd. The shares were sold at an average price of $9.64, for a total transaction of $340,774.00. Following the transaction, the executive vice president now directly owns 434,650 shares of the company’s stock, valued at $4,190,026. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP David S. Anderson sold 9,006 shares of Huntington Bancshares stock in a transaction that occurred on Monday, August 29th. The shares were 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 $1,082,488.06. The disclosure for this sale can be found here. Insiders own 1.65% of the company’s stock.

A number of institutional investors have recently modified their holdings of HBAN. Renaissance Technologies LLC raised its position in shares of Huntington Bancshares by 3,035.4% in the first quarter. Renaissance Technologies LLC now owns 3,658,085 shares of the company’s stock valued at $34,898,000 after buying an additional 3,541,414 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Huntington Bancshares by 4.3% in the second quarter. Vanguard Group Inc. now owns 76,653,889 shares of the company’s stock valued at $685,286,000 after buying an additional 3,157,180 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Huntington Bancshares by 26.2% in the first quarter. JPMorgan Chase & Co. now owns 12,261,849 shares of the company’s stock valued at $116,977,000 after buying an additional 2,545,124 shares during the last quarter. Boston Partners raised its position in shares of Huntington Bancshares by 8.3% in the second quarter. Boston Partners now owns 30,106,450 shares of the company’s stock valued at $269,152,000 after buying an additional 2,301,937 shares during the last quarter. Finally, FMR LLC raised its position in shares of Huntington Bancshares by 3.1% in the second quarter. FMR LLC now owns 65,946,684 shares of the company’s stock valued at $589,563,000 after buying an additional 1,995,364 shares during the last quarter. 75.73% of the stock is currently owned by institutional investors.

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