Today: Huntington Bancshares’ (HBAN) “Hold” Rating Reiterate at Jefferies Group

Today: Huntington Bancshares’ (HBAN) “Hold” Rating Reiterate at Jefferies Group

Huntington Bancshares Inc. (NASDAQ:HBAN)‘s stock had its “hold” rating restated by investment analysts at Jefferies Group in a research note issued to investors on Monday.

HBAN has been the subject of several other research reports. Macquarie raised Huntington Bancshares from a “neutral” rating to an “outperform” rating and raised their target price for the company from $12.44 to $14.00 in a research note on Tuesday, November 22nd. FBR & Co lowered Huntington Bancshares from an “outperform” rating to a “market perform” rating and set a $11.00 price target for the company. in a research report on Tuesday, October 11th. Zacks Investment Research upgraded Huntington Bancshares from a “hold” rating to a “buy” rating and set a $12.00 price target for the company in a research report on Wednesday, November 2nd. Deutsche Bank AG upgraded Huntington Bancshares from a “hold” rating to a “buy” rating and increased their price target for the company from $10.50 to $11.50 in a research report on Wednesday, September 28th. Finally, Wedbush initiated coverage on Huntington Bancshares in a research report on Thursday, October 6th. They issued an “outperform” rating and a $12.00 price target for the company. Twelve equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Huntington Bancshares has an average rating of “Hold” and a consensus price target of $11.31.

Huntington Bancshares (NASDAQ:HBAN) opened at 12.56 on Monday. Huntington Bancshares has a 1-year low of $7.83 and a 1-year high of $12.68. The stock’s 50 day moving average is $10.84 and its 200-day moving average is $9.94. The firm has a market cap of $13.62 billion, a P/E ratio of 17.74 and a beta of 1.16.

Huntington Bancshares (NASDAQ:HBAN) last issued its quarterly earnings results on Wednesday, October 26th. The company reported $0.22 EPS for the quarter, beating analysts’ consensus estimates 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 last year, the business earned $0.18 EPS. Analysts forecast that Huntington Bancshares will post $0.73 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 2nd. Shareholders of record on Tuesday, December 20th will be issued a $0.08 dividend. The ex-dividend date is Friday, December 16th. This represents a $0.32 dividend on an annualized basis and a yield of 2.55%. This is a positive change from Huntington Bancshares’s previous quarterly dividend of $0.07. Huntington Bancshares’s dividend payout ratio (DPR) is 39.44%.

In other Huntington Bancshares news, insider Sandra E. Pierce sold 52,994 shares of the firm’s stock in a transaction that occurred 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 sale, the insider now owns 495,651 shares of the company’s stock, valued at approximately $5,759,464.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Nicholas G. Stanutz sold 25,000 shares of Huntington Bancshares stock in a transaction that occurred on Friday, November 11th. The stock was sold at an average price of $11.54, for a total value of $288,500.00. Following the sale, the executive vice president now directly owns 416,511 shares in the company, valued at approximately $4,806,536.94. The disclosure for this sale can be found here. 1.65% of the stock is owned by company insiders.

Several hedge funds have recently made changes to their positions in HBAN. The Manufacturers Life Insurance Company purchased a new stake in shares of Huntington Bancshares during the third quarter valued at $125,437,000. Credit Suisse AG raised its stake in shares of Huntington Bancshares by 352.9% in the third quarter. Credit Suisse AG now owns 11,041,779 shares of the company’s stock valued at $108,873,000 after buying an additional 8,603,800 shares during the last quarter. BlackRock Institutional Trust Company N.A. raised its stake in shares of Huntington Bancshares by 38.2% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 29,848,986 shares of the company’s stock valued at $294,311,000 after buying an additional 8,257,562 shares during the last quarter. BlackRock Fund Advisors raised its stake in shares of Huntington Bancshares by 41.8% in the third quarter. BlackRock Fund Advisors now owns 18,487,283 shares of the company’s stock valued at $182,285,000 after buying an additional 5,445,943 shares during the last quarter. Finally, Northern Trust Corp raised its stake in shares of Huntington Bancshares by 57.8% in the third quarter. Northern Trust Corp now owns 14,109,975 shares of the company’s stock valued at $139,125,000 after buying an additional 5,166,081 shares during the last quarter. 68.80% of the stock is currently owned by institutional investors.

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