Huntington Bancshares (NASDAQ:HBAN) Price Target Raised to $21.00

Huntington Bancshares (NASDAQ:HBAN) had its price target raised by Truist Financial from $19.00 to $21.00 in a report issued on Tuesday morning,Benzinga reports. The brokerage currently has a buy rating on the bank’s stock.

Other equities analysts also recently issued research reports about the stock. JPMorgan Chase & Co. reissued an “overweight” rating and set a $20.00 price objective (up previously from $18.50) on shares of Huntington Bancshares in a research note on Wednesday, December 4th. Royal Bank of Canada restated an “outperform” rating and set a $20.00 price objective on shares of Huntington Bancshares in a report on Tuesday. DA Davidson upped their target price on Huntington Bancshares from $16.50 to $17.50 and gave the company a “buy” rating in a research note on Monday, October 21st. Evercore ISI raised their price target on Huntington Bancshares from $17.00 to $18.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Finally, Piper Sandler increased their price objective on shares of Huntington Bancshares from $15.00 to $17.50 and gave the stock an “underweight” rating in a report on Tuesday, December 3rd. One research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $18.06.

Huntington Bancshares Trading Up 0.2 %

Shares of Huntington Bancshares stock opened at $16.90 on Tuesday. Huntington Bancshares has a 1 year low of $12.05 and a 1 year high of $18.44. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.89 and a quick ratio of 0.88. The business has a 50 day moving average price of $17.01 and a 200 day moving average price of $15.56. The company has a market capitalization of $24.55 billion, a P/E ratio of 13.74, a P/E/G ratio of 1.43 and a beta of 1.07.

Huntington Bancshares (NASDAQ:HBAN) last issued its quarterly earnings data on Friday, January 17th. The bank reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.03. Huntington Bancshares had a return on equity of 11.23% and a net margin of 16.23%. During the same period in the prior year, the company earned $0.27 EPS. Sell-side analysts anticipate that Huntington Bancshares will post 1.37 EPS for the current fiscal year.

Huntington Bancshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 18th will be given a dividend of $0.155 per share. The ex-dividend date is Tuesday, March 18th. This represents a $0.62 dividend on an annualized basis and a yield of 3.67%. Huntington Bancshares’s dividend payout ratio (DPR) is 50.41%.

Insider Activity

In other Huntington Bancshares news, VP Scott D. Kleinman sold 28,600 shares of the company’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $17.67, for a total value of $505,362.00. Following the transaction, the vice president now directly owns 496,076 shares of the company’s stock, valued at $8,765,662.92. This represents a 5.45 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Zachary Jacob Wasserman sold 8,644 shares of Huntington Bancshares stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $17.63, for a total value of $152,393.72. Following the sale, the chief financial officer now directly owns 259,943 shares of the company’s stock, valued at $4,582,795.09. This represents a 3.22 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.89% of the company’s stock.

Institutional Trading of Huntington Bancshares

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Asset Dedication LLC raised its holdings in Huntington Bancshares by 200.7% in the 3rd quarter. Asset Dedication LLC now owns 1,801 shares of the bank’s stock worth $26,000 after acquiring an additional 1,202 shares during the last quarter. Peoples Bank KS purchased a new position in shares of Huntington Bancshares in the third quarter worth $29,000. Future Financial Wealth Managment LLC bought a new position in shares of Huntington Bancshares during the third quarter valued at $31,000. Fortitude Family Office LLC purchased a new stake in shares of Huntington Bancshares during the third quarter valued at $32,000. Finally, Crews Bank & Trust bought a new stake in Huntington Bancshares in the 4th quarter worth about $58,000. 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.