Huntington Bancshares (NASDAQ:HBAN) Price Target Raised to $17.00 at Barclays

Huntington Bancshares (NASDAQ:HBAN) had its price objective increased by Barclays from $15.00 to $17.00 in a research report report published on Friday, Benzinga reports. Barclays currently has an equal weight rating on the bank’s stock.

Other equities research analysts have also issued research reports about the stock. Bank of America lifted their target price on shares of Huntington Bancshares from $15.00 to $17.00 and gave the company a “buy” rating in a research note on Monday, July 22nd. Keefe, Bruyette & Woods cut their price objective on Huntington Bancshares from $15.00 to $14.50 and set a “market perform” rating on the stock in a research report on Tuesday, July 9th. Royal Bank of Canada reiterated an “outperform” rating and set a $17.00 target price on shares of Huntington Bancshares in a report on Friday. Evercore ISI lowered their target price on Huntington Bancshares from $17.50 to $17.00 and set an “outperform” rating for the company in a research note on Wednesday, October 2nd. Finally, JPMorgan Chase & Co. dropped their price target on Huntington Bancshares from $17.00 to $16.50 and set an “overweight” rating on the stock in a research report on Thursday, June 27th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Huntington Bancshares presently has an average rating of “Moderate Buy” and a consensus price target of $16.03.

Huntington Bancshares Trading Down 0.6 %

NASDAQ HBAN opened at $15.27 on Friday. The stock’s 50-day simple moving average is $14.56 and its two-hundred day simple moving average is $13.94. Huntington Bancshares has a twelve month low of $9.25 and a twelve month high of $16.03. The company has a quick ratio of 0.88, a current ratio of 0.89 and a debt-to-equity ratio of 0.96. The company has a market capitalization of $22.13 billion, a price-to-earnings ratio of 13.73, a PEG ratio of 2.77 and a beta of 1.04.

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

Huntington Bancshares Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Wednesday, December 18th will be given a $0.155 dividend. The ex-dividend date of this dividend is Wednesday, December 18th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 4.06%. Huntington Bancshares’s dividend payout ratio (DPR) is presently 55.86%.

Insider Buying and Selling at Huntington Bancshares

In other Huntington Bancshares news, insider Kendall A. Kowalski sold 5,747 shares of Huntington Bancshares stock in a transaction dated Wednesday, July 24th. The shares were sold at an average price of $14.98, for a total transaction of $86,090.06. Following the transaction, the insider now directly owns 65,899 shares of the company’s stock, valued at $987,167.02. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Helga Houston sold 11,288 shares of Huntington Bancshares stock in a transaction on Monday, July 29th. The stock was 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 directly 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Kendall A. Kowalski sold 5,747 shares of the stock in a transaction dated Wednesday, July 24th. The stock was sold at an average price of $14.98, for a total transaction of $86,090.06. Following the sale, the insider now directly owns 65,899 shares in the company, valued at $987,167.02. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 26,085 shares of company stock worth $391,929 in the last three months. 0.89% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. WealthShield Partners LLC increased its holdings in shares of Huntington Bancshares by 5.9% in the 2nd quarter. WealthShield Partners LLC now owns 12,237 shares of the bank’s stock valued at $163,000 after acquiring an additional 683 shares during the last quarter. UMB Bank n.a. grew its position in shares of Huntington Bancshares by 19.1% in the 3rd quarter. UMB Bank n.a. now owns 4,545 shares of the bank’s stock valued at $67,000 after buying an additional 728 shares during the last quarter. Foundations Investment Advisors LLC raised its stake in Huntington Bancshares by 3.2% during the 2nd quarter. Foundations Investment Advisors LLC now owns 23,647 shares of the bank’s stock worth $312,000 after acquiring an additional 744 shares in the last quarter. Summit Financial Strategies Inc. lifted its position in Huntington Bancshares by 2.5% in the second quarter. Summit Financial Strategies Inc. now owns 30,955 shares of the bank’s stock valued at $408,000 after acquiring an additional 762 shares during the last quarter. Finally, State of Alaska Department of Revenue boosted its stake in Huntington Bancshares by 0.5% in the first quarter. State of Alaska Department of Revenue now owns 157,152 shares of the bank’s stock valued at $2,192,000 after acquiring an additional 780 shares in the last quarter. Institutional investors and hedge funds own 80.72% of the company’s stock.

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.