Huntington Bancshares Incorporated (NASDAQ:HBAN) Receives Average Rating of “Moderate Buy” from Analysts

Huntington Bancshares Incorporated (NASDAQ:HBAN) has been assigned a consensus recommendation of “Moderate Buy” from the nineteen research firms that are presently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and thirteen have issued a buy recommendation on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $18.06.

Several analysts have issued reports on HBAN shares. Citigroup upped their price target on shares of Huntington Bancshares from $18.00 to $21.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Truist Financial boosted their price objective on shares of Huntington Bancshares from $19.00 to $21.00 and gave the company a “buy” rating in a research report on Tuesday, January 21st. StockNews.com raised shares of Huntington Bancshares from a “sell” rating to a “hold” rating in a research report on Thursday, December 12th. Keefe, Bruyette & Woods boosted their price objective on shares of Huntington Bancshares from $16.00 to $19.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. Finally, Piper Sandler cut their price objective on shares of Huntington Bancshares from $17.50 to $17.00 and set an “underweight” rating for the company in a research report on Tuesday, January 21st.

Huntington Bancshares Stock Up 0.9 %

Shares of NASDAQ HBAN opened at $16.87 on Friday. Huntington Bancshares has a 12-month low of $12.05 and a 12-month high of $18.44. The company has a market capitalization of $24.51 billion, a PE ratio of 13.72, a price-to-earnings-growth ratio of 1.41 and a beta of 1.07. 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 firm’s 50-day moving average is $16.73 and its two-hundred day moving average is $15.92.

Huntington Bancshares (NASDAQ:HBAN) last announced its quarterly earnings results 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 net margin of 16.23% and a return on equity of 11.23%. During the same period in the prior year, the firm earned $0.27 EPS. Equities analysts anticipate that Huntington Bancshares will post 1.4 EPS for the current fiscal year.

Huntington Bancshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 18th will be given a $0.155 dividend. This represents a $0.62 annualized dividend and a dividend yield of 3.67%. The ex-dividend date is Tuesday, March 18th. Huntington Bancshares’s payout ratio is currently 50.41%.

Institutional Investors Weigh In On Huntington Bancshares

Several large investors have recently made changes to their positions in HBAN. Carlson Capital Management boosted its stake in shares of Huntington Bancshares by 0.4% in the fourth quarter. Carlson Capital Management now owns 163,575 shares of the bank’s stock valued at $2,661,000 after purchasing an additional 692 shares during the period. Farther Finance Advisors LLC boosted its stake in shares of Huntington Bancshares by 6.0% in the fourth quarter. Farther Finance Advisors LLC now owns 12,317 shares of the bank’s stock valued at $200,000 after purchasing an additional 699 shares during the period. Venturi Wealth Management LLC boosted its stake in shares of Huntington Bancshares by 27.2% in the fourth quarter. Venturi Wealth Management LLC now owns 3,279 shares of the bank’s stock valued at $53,000 after purchasing an additional 702 shares during the period. CreativeOne Wealth LLC boosted its stake in shares of Huntington Bancshares by 4.0% in the fourth quarter. CreativeOne Wealth LLC now owns 20,019 shares of the bank’s stock valued at $326,000 after purchasing an additional 762 shares during the period. Finally, Lantz Financial LLC boosted its stake in shares of Huntington Bancshares by 6.1% in the fourth quarter. Lantz Financial LLC now owns 13,766 shares of the bank’s stock valued at $224,000 after purchasing an additional 790 shares during the period. Institutional investors and hedge funds own 80.72% of the company’s stock.

About Huntington Bancshares

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.