Huntington Bancshares Incorporated (NASDAQ:HBAN) has been assigned a consensus rating of “Hold” from the thirteen analysts that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $16.00.
A number of analysts have recently issued reports on HBAN shares. ValuEngine upgraded shares of Huntington Bancshares from a “sell” rating to a “hold” rating in a report on Friday, May 3rd. BidaskClub upgraded shares of Huntington Bancshares from a “strong sell” rating to a “sell” rating in a report on Tuesday. Zacks Investment Research upgraded shares of Huntington Bancshares from a “sell” rating to a “hold” rating in a report on Monday, May 6th. Finally, Argus started coverage on shares of Huntington Bancshares in a report on Friday, May 31st. They issued a “hold” rating on the stock.
In related news, EVP Richard Remiker sold 18,386 shares of the firm’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $14.02, for a total value of $257,771.72. Following the completion of the transaction, the executive vice president now directly owns 357,085 shares of the company’s stock, valued at $5,006,331.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Stephen D. Steinour bought 18,000 shares of the firm’s stock in a transaction that occurred on Friday, May 17th. The stock was purchased at an average cost of $13.33 per share, with a total value of $239,940.00. Following the completion of the purchase, the chief executive officer now directly owns 5,142,348 shares of the company’s stock, valued at approximately $68,547,498.84. The disclosure for this purchase can be found here. Insiders sold 72,158 shares of company stock valued at $978,909 over the last three months. 1.22% of the stock is owned by company insiders.
NASDAQ HBAN opened at $13.43 on Tuesday. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.89 and a current ratio of 0.90. Huntington Bancshares has a 12-month low of $11.12 and a 12-month high of $16.52. The company has a market capitalization of $14.05 billion, a PE ratio of 11.19, a price-to-earnings-growth ratio of 1.14 and a beta of 1.38.
Huntington Bancshares (NASDAQ:HBAN) last posted its quarterly earnings data on Thursday, April 25th. The bank reported $0.32 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.32. Huntington Bancshares had a net margin of 26.24% and a return on equity of 14.20%. The company had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.16 billion. During the same period last year, the company earned $0.28 earnings per share. The firm’s revenue was up 5.2% compared to the same quarter last year. On average, analysts predict that Huntington Bancshares will post 1.32 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Monday, June 17th will be issued a $0.14 dividend. The ex-dividend date is Friday, June 14th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 4.17%. Huntington Bancshares’s dividend payout ratio (DPR) is presently 46.67%.
About Huntington Bancshares
Huntington Bancshares Incorporated operates as a holding company for The Huntington National Bank that provides commercial, small business, consumer, and mortgage banking services. The company operates through four business segments: Consumer and Business Banking, Commercial Banking, Vehicle Finance, and Regional Banking and The Huntington Private Client Group (RBHPCG).
Featured Story: How to Calculate Compound Annual Growth Rate (CAGR)
Receive News & Ratings for Huntington Bancshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Huntington Bancshares and related companies with MarketBeat.com's FREE daily email newsletter.