Deutsche Bank AG upgraded shares of Huntington Bancshares Inc. (NASDAQ:HBAN) from a hold rating to a buy rating in a report released on Wednesday morning. They currently have $11.50 price objective on the stock, up from their previous price objective of $10.50.
Other equities research analysts have also issued reports about the stock. Nomura reaffirmed a hold rating on shares of Huntington Bancshares in a report 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. JPMorgan Chase & Co. reissued a hold rating and issued a $10.50 target price on shares of Huntington Bancshares in a report on Thursday, June 9th. Finally, FBR & Co raised shares of Huntington Bancshares from a market perform rating to an outperform rating and set a $11.00 target price for the company in a report on Monday, July 11th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of Hold and a consensus target price of $11.08.
Shares of Huntington Bancshares (NASDAQ:HBAN) opened at 9.80 on Wednesday. The company has a market cap of $7.83 billion, a price-to-earnings ratio of 12.56 and a beta of 1.13. The firm has a 50-day moving average of $9.77 and a 200 day moving average of $9.67. Huntington Bancshares has a 12 month low of $7.83 and a 12 month high of $11.87.
Huntington Bancshares (NASDAQ:HBAN) last announced its quarterly earnings data on Thursday, July 21st. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by $0.02. Huntington Bancshares had a net margin of 20.85% and a return on equity of 11.07%. During the same quarter in the previous year, the business earned $0.23 EPS. On average, analysts expect that Huntington Bancshares will post $0.82 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Monday, October 3rd. Shareholders of record on Monday, September 19th were paid a $0.07 dividend. The ex-dividend date was Thursday, September 15th. This represents a $0.28 annualized dividend and a yield of 2.86%. Huntington Bancshares’s dividend payout ratio (DPR) is presently 35.90%.
In other Huntington Bancshares news, EVP David S. Anderson sold 9,006 shares of Huntington Bancshares stock in a transaction dated Monday, August 29th. The stock was sold at an average price of $9.82, for a total value of $88,438.92. Following the transaction, the executive vice president now owns 110,233 shares in the company, valued at $1,082,488.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Nicholas G. Stanutz sold 35,350 shares of Huntington Bancshares stock in a transaction dated Monday, August 22nd. The shares were sold at an average price of $9.64, for a total value of $340,774.00. Following the completion of the transaction, the executive vice president now owns 434,650 shares in the company, valued at approximately $4,190,026. The disclosure for this sale can be found here. 1.65% of the stock is owned by company insiders.
A number of institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its position in 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 period. FMR LLC raised its position in 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 period. State Street Corp raised its stake in shares of Huntington Bancshares by 4.4% in the second quarter. State Street Corp now owns 44,499,941 shares of the company’s stock worth $397,830,000 after buying an additional 1,860,756 shares during the last quarter. Boston Partners raised its stake 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 worth $269,152,000 after buying an additional 2,301,937 shares during the last quarter. Finally, BlackRock Institutional Trust Company N.A. raised its stake in shares of Huntington Bancshares by 1.2% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 21,931,964 shares of the company’s stock worth $209,231,000 after buying an additional 258,631 shares during the last quarter. Institutional investors own 75.73% of the company’s stock.
About Huntington Bancshares
Huntington Bancshares Incorporated is a diversified regional bank holding company. Through its subsidiaries, including its bank subsidiary, The Huntington National Bank (the Bank), the Company is engaged in providing commercial, small business, consumer banking services, mortgage banking services, automobile financing, equipment leasing, investment management, trust services, brokerage services, customized insurance programs, and other financial products and services.
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