Analysts Set Huntington Bancshares Incorporated (NASDAQ:HBAN) Target Price at $14.97

Huntington Bancshares Incorporated (NASDAQ:HBAN) has received an average recommendation of “Moderate Buy” from the sixteen ratings firms that are presently covering the firm, Marketbeat Ratings reports. Six research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $15.17.

HBAN has been the subject of several recent research reports. Citigroup lifted their target price on shares of Huntington Bancshares from $14.00 to $15.00 and gave the stock a “buy” rating in a research note on Thursday, January 25th. DA Davidson raised shares of Huntington Bancshares from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $14.00 to $15.50 in a research note on Tuesday, February 27th. Morgan Stanley reiterated an “overweight” rating and set a $16.00 target price on shares of Huntington Bancshares in a research report on Monday. Evercore ISI boosted their price objective on shares of Huntington Bancshares from $15.00 to $16.00 and gave the stock an “outperform” rating in a report on Thursday, March 28th. Finally, Barclays upgraded shares of Huntington Bancshares from an “underweight” rating to an “equal weight” rating and boosted their price objective for the stock from $12.00 to $15.00 in a report on Tuesday, January 2nd.

Insider Buying and Selling at Huntington Bancshares

In other news, insider Helga Houston sold 28,700 shares of the company’s stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $13.17, for a total transaction of $377,979.00. Following the completion of the transaction, the insider now directly owns 568,222 shares of the company’s stock, valued at approximately $7,483,483.74. The sale was disclosed in a filing with the SEC, which is available at this link. In related news, Director Ann B. Crane sold 58,000 shares of the stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $13.54, for a total transaction of $785,320.00. Following the transaction, the director now owns 192,247 shares of the company’s stock, valued at approximately $2,603,024.38. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Helga Houston sold 28,700 shares of the stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $13.17, for a total value of $377,979.00. Following the transaction, the insider now directly owns 568,222 shares in the company, valued at approximately $7,483,483.74. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 102,241 shares of company stock valued at $1,360,359. 0.92% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Wetzel Investment Advisors Inc. purchased a new stake in shares of Huntington Bancshares in the fourth quarter valued at $29,000. Future Financial Wealth Managment LLC acquired a new stake in shares of Huntington Bancshares in the first quarter valued at about $29,000. Nemes Rush Group LLC boosted its holdings in Huntington Bancshares by 140.9% in the fourth quarter. Nemes Rush Group LLC now owns 2,378 shares of the bank’s stock valued at $30,000 after purchasing an additional 1,391 shares during the last quarter. Planned Solutions Inc. purchased a new position in Huntington Bancshares in the fourth quarter valued at about $33,000. Finally, Authentikos Wealth Advisory LLC bought a new position in Huntington Bancshares during the 3rd quarter worth approximately $35,000. Hedge funds and other institutional investors own 80.72% of the company’s stock.

Huntington Bancshares Stock Performance

HBAN opened at $13.76 on Friday. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.88. The company’s fifty day moving average price is $13.33 and its two-hundred day moving average price is $12.22. Huntington Bancshares has a 1-year low of $9.13 and a 1-year high of $14.07. The company has a market cap of $19.95 billion, a price-to-earnings ratio of 12.40, a PEG ratio of 2.50 and a beta of 1.11.

Huntington Bancshares (NASDAQ:HBAN) last announced its quarterly earnings data on Friday, April 19th. The bank reported $0.28 EPS for the quarter, topping the consensus estimate of $0.25 by $0.03. The business had revenue of $2.85 billion for the quarter, compared to analyst estimates of $1.74 billion. Huntington Bancshares had a net margin of 15.86% and a return on equity of 11.99%. During the same quarter in the previous year, the firm posted $0.38 earnings per share. On average, analysts expect that Huntington Bancshares will post 1.22 EPS for the current fiscal year.

Huntington Bancshares Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Monday, June 17th will be issued a dividend of $0.155 per share. This represents a $0.62 dividend on an annualized basis and a dividend yield of 4.51%. The ex-dividend date of this dividend is Friday, June 14th. Huntington Bancshares’s dividend payout ratio (DPR) is 55.86%.

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.