Huntington Bancshares (HBAN) – Research Analysts’ Weekly Ratings Changes

Huntington Bancshares (NASDAQ: HBAN) recently received a number of ratings updates from brokerages and research firms:

• 10/21/2024 – Huntington Bancshares had its price target raised by analysts at DA Davidson from $16.50 to $17.50. They now have a “buy” rating on the stock.
• 10/18/2024 – Huntington Bancshares had its “buy” rating reaffirmed by analysts at Sandler O’Neill.
• 10/18/2024 – Huntington Bancshares had its price target raised by analysts at Piper Sandler from $14.00 to $15.00. They now have an “underweight” rating on the stock.
• 10/18/2024 – Huntington Bancshares had its “outperform” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $17.00 price target on the stock.
• 10/18/2024 – Huntington Bancshares was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
• 10/18/2024 – Huntington Bancshares had its price target raised by analysts at Barclays PLC from $15.00 to $17.00. They now have an “equal weight” rating on the stock.
• 10/2/2024 – Huntington Bancshares had its price target lowered by analysts at Evercore ISI from $17.50 to $17.00. They now have an “outperform” rating on the stock.
• 9/2/2024 – Huntington Bancshares was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.

Huntington Bancshares Price Performance

NASDAQ:HBAN opened at $15.54 on Thursday. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.89 and a quick ratio of 0.88. The firm has a market cap of $22.52 billion, a price-to-earnings ratio of 14.00, a price-to-earnings-growth ratio of 2.77 and a beta of 1.04. The company has a 50 day moving average price of $14.64 and a 200-day moving average price of $13.96. Huntington Bancshares Incorporated has a 1-year low of $9.25 and a 1-year high of $16.03.

Huntington Bancshares (NASDAQ:HBAN) last posted its earnings results on Thursday, October 17th. The bank reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.03. The firm had revenue of $1.89 billion during the quarter, compared to analyst estimates of $1.86 billion. Huntington Bancshares had a net margin of 14.77% and a return on equity of 11.34%. During the same period in the previous year, the firm earned $0.36 EPS. Equities research analysts forecast that Huntington Bancshares Incorporated will post 1.18 EPS for the current year.

Huntington Bancshares Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Wednesday, December 18th will be issued a dividend of $0.155 per share. This represents a $0.62 annualized dividend and a dividend yield of 3.99%. The ex-dividend date of this dividend is Wednesday, December 18th. Huntington Bancshares’s dividend payout ratio (DPR) is 55.86%.

Insider Activity

In related news, VP Brendan A. Lawlor sold 9,050 shares of the business’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $15.06, for a total value of $136,293.00. Following the completion of the sale, the vice president now owns 11,111 shares of the company’s stock, valued at approximately $167,331.66. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Helga Houston sold 11,288 shares of the business’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $15.02, for a total value of $169,545.76. Following the completion of the sale, the insider now owns 618,832 shares of the company’s stock, valued at approximately $9,294,856.64. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Brendan A. Lawlor sold 9,050 shares of the business’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of $15.06, for a total transaction of $136,293.00. Following the completion of the sale, the vice president now directly owns 11,111 shares of the company’s stock, valued at approximately $167,331.66. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.89% of the company’s stock.

Institutional Investors Weigh In On Huntington Bancshares

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Asset Dedication LLC grew its holdings in shares of Huntington Bancshares by 200.7% during the third quarter. Asset Dedication LLC now owns 1,801 shares of the bank’s stock worth $26,000 after buying an additional 1,202 shares in the last quarter. Future Financial Wealth Managment LLC purchased a new stake in shares of Huntington Bancshares during the first quarter worth $29,000. Peoples Bank KS purchased a new stake in shares of Huntington Bancshares during the third quarter worth $29,000. Hazlett Burt & Watson Inc. grew its holdings in shares of Huntington Bancshares by 695.5% during the second quarter. Hazlett Burt & Watson Inc. now owns 2,291 shares of the bank’s stock worth $30,000 after buying an additional 2,003 shares in the last quarter. Finally, Register Financial Advisors LLC purchased a new stake in shares of Huntington Bancshares during the first quarter worth $40,000. Hedge funds and other institutional investors own 80.72% of the company’s stock.

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.