Huntington Bancshares (NASDAQ:HBAN) Given New $21.00 Price Target at Deutsche Bank Aktiengesellschaft

Huntington Bancshares (NASDAQ:HBAN) had its price objective raised by Deutsche Bank Aktiengesellschaft from $20.00 to $21.00 in a report published on Tuesday morning,MarketScreener reports. Deutsche Bank Aktiengesellschaft currently has a buy rating on the bank’s stock.

Several other analysts also recently weighed in on HBAN. Wall Street Zen downgraded shares of Huntington Bancshares from a “hold” rating to a “sell” rating in a report on Sunday, July 13th. DA Davidson lifted their target price on shares of Huntington Bancshares from $18.00 to $20.00 and gave the company a “buy” rating in a report on Monday, July 21st. Morgan Stanley lifted their target price on shares of Huntington Bancshares from $19.00 to $23.00 and gave the company an “overweight” rating in a report on Monday. Citigroup lifted their target price on shares of Huntington Bancshares from $20.00 to $21.00 and gave the company a “buy” rating in a report on Friday, September 19th. Finally, Wolfe Research upgraded shares of Huntington Bancshares from a “peer perform” rating to an “outperform” rating and set a $21.00 target price for the company in a report on Thursday, July 3rd. Two research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Huntington Bancshares currently has an average rating of “Moderate Buy” and a consensus price target of $19.24.

Huntington Bancshares Price Performance

Shares of NASDAQ HBAN opened at $17.04 on Tuesday. The company has a 50 day simple moving average of $17.11 and a 200-day simple moving average of $16.00. The company has a market capitalization of $24.86 billion, a P/E ratio of 12.62, a P/E/G ratio of 0.82 and a beta of 0.96. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.89 and a quick ratio of 0.89. Huntington Bancshares has a 1 year low of $11.91 and a 1 year high of $18.44.

Huntington Bancshares Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Wednesday, September 17th were given a $0.155 dividend. This represents a $0.62 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend was Wednesday, September 17th. Huntington Bancshares’s dividend payout ratio (DPR) is currently 45.93%.

Insider Activity

In other news, EVP Marcy C. Hingst sold 41,100 shares of Huntington Bancshares stock in a transaction on Friday, September 5th. The shares were sold at an average price of $18.00, for a total transaction of $739,800.00. Following the completion of the sale, the executive vice president directly owned 299,361 shares of the company’s stock, valued at approximately $5,388,498. The trade was a 12.07% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.89% of the company’s stock.

Institutional Investors Weigh In On Huntington Bancshares

Institutional investors have recently modified their holdings of the company. Teacher Retirement System of Texas lifted its position in shares of Huntington Bancshares by 1,462.4% during the 1st quarter. Teacher Retirement System of Texas now owns 212,390 shares of the bank’s stock worth $3,188,000 after purchasing an additional 198,796 shares during the last quarter. Czech National Bank raised its stake in Huntington Bancshares by 6.6% during the 2nd quarter. Czech National Bank now owns 356,096 shares of the bank’s stock worth $5,968,000 after acquiring an additional 22,190 shares in the last quarter. Trinity Financial Advisors LLC raised its stake in Huntington Bancshares by 1,497.1% during the 2nd quarter. Trinity Financial Advisors LLC now owns 286,896 shares of the bank’s stock worth $4,853,000 after acquiring an additional 268,933 shares in the last quarter. QRG Capital Management Inc. raised its stake in Huntington Bancshares by 11.9% during the 1st quarter. QRG Capital Management Inc. now owns 25,827 shares of the bank’s stock worth $388,000 after acquiring an additional 2,751 shares in the last quarter. Finally, Brown Advisory Inc. raised its stake in Huntington Bancshares by 13.5% during the 1st quarter. Brown Advisory Inc. now owns 36,467 shares of the bank’s stock worth $547,000 after acquiring an additional 4,347 shares in the last quarter. 80.72% of the stock is owned by hedge funds and other institutional investors.

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.