Huntington Bancshares’ (HBAN) Hold Rating Reiterated at Robert W. Baird
Robert W. Baird reaffirmed their hold rating on shares of Huntington Bancshares (NASDAQ:HBAN) in a research report sent to investors on Wednesday morning. Robert W. Baird currently has a $16.00 price objective on the bank’s stock.
Other research analysts have also recently issued reports about the company. BMO Capital Markets cut Huntington Bancshares from an outperform rating to a market perform rating and set a $16.00 target price on the stock. in a research report on Thursday, October 26th. Barclays raised their target price on Huntington Bancshares from $14.00 to $17.00 and gave the stock an equal weight rating in a research report on Tuesday. FBR & Co reissued a hold rating and issued a $14.00 target price on shares of Huntington Bancshares in a research report on Thursday, October 26th. Keefe, Bruyette & Woods reissued a hold rating and issued a $16.25 target price on shares of Huntington Bancshares in a research report on Friday, December 22nd. Finally, Piper Jaffray Companies reaffirmed a buy rating and set a $15.50 price objective on shares of Huntington Bancshares in a research report on Tuesday, October 17th. Seven research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Huntington Bancshares has a consensus rating of Buy and a consensus price target of $15.98.
Huntington Bancshares (NASDAQ HBAN) opened at $14.98 on Wednesday. The stock has a market capitalization of $16,052.05, a PE ratio of 15.47, a price-to-earnings-growth ratio of 1.51 and a beta of 1.34. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.88 and a quick ratio of 0.87. Huntington Bancshares has a 12-month low of $12.14 and a 12-month high of $15.01.
Huntington Bancshares (NASDAQ:HBAN) last announced its earnings results on Wednesday, October 25th. The bank reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.02). The firm had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.10 billion. Huntington Bancshares had a return on equity of 11.96% and a net margin of 20.76%. During the same period in the previous year, the business posted $0.11 earnings per share. equities analysts anticipate that Huntington Bancshares will post 0.98 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 2nd. Investors of record on Monday, December 18th were paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 2.94%. The ex-dividend date was Friday, December 15th. This is an increase from Huntington Bancshares’s previous quarterly dividend of $0.08. Huntington Bancshares’s dividend payout ratio (DPR) is 39.51%.
In other Huntington Bancshares news, EVP Daniel J. Neumeyer sold 43,491 shares of Huntington Bancshares stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $13.88, for a total value of $603,655.08. Following the sale, the executive vice president now owns 427,270 shares of the company’s stock, valued at approximately $5,930,507.60. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Helga Houston sold 14,513 shares of Huntington Bancshares stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $13.77, for a total value of $199,844.01. Following the completion of the sale, the insider now directly owns 499,824 shares in the company, valued at approximately $6,882,576.48. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by company insiders.
A number of large investors have recently added to or reduced their stakes in the business. Parametric Portfolio Associates LLC increased its stake in Huntington Bancshares by 1.2% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 2,883,251 shares of the bank’s stock worth $40,250,000 after acquiring an additional 35,170 shares during the last quarter. Steward Partners Investment Advisory LLC bought a new stake in Huntington Bancshares in the 3rd quarter worth approximately $411,000. GSA Capital Partners LLP bought a new stake in Huntington Bancshares in the 3rd quarter worth approximately $810,000. Belpointe Asset Management LLC bought a new stake in Huntington Bancshares in the 3rd quarter worth approximately $539,000. Finally, Opus Investment Management Inc. bought a new stake in Huntington Bancshares in the 3rd quarter worth approximately $1,543,000. 73.53% of the stock is currently owned by institutional investors and hedge funds.
Huntington Bancshares Company Profile
Huntington Bancshares Incorporated (Huntington) is a bank holding company. Through its subsidiaries, including its bank subsidiary, The Huntington National Bank (the Bank), the Company provides commercial and consumer banking services, mortgage banking services, automobile financing, recreational vehicle and marine financing, equipment leasing, investment management, trust services, brokerage services, insurance programs, and other financial products and services.
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