Analysts Set Huntington Bancshares Incorporated (NASDAQ:HBAN) PT at $18.06

Shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) have received a consensus recommendation of “Moderate Buy” from the nineteen brokerages that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have given a buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $18.06.

A number of research analysts have commented on the stock. Barclays increased their price objective on shares of Huntington Bancshares from $17.00 to $19.00 and gave the company an “equal weight” rating in a research note on Monday, January 6th. Piper Sandler reduced their price objective on shares of Huntington Bancshares from $17.50 to $17.00 and set an “underweight” rating on the stock in a research note on Tuesday, January 21st. Stephens reissued an “equal weight” rating and set a $18.50 target price on shares of Huntington Bancshares in a report on Friday, February 7th. Citigroup increased their target price on shares of Huntington Bancshares from $18.00 to $21.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Finally, JPMorgan Chase & Co. reissued an “overweight” rating and set a $20.00 target price (up from $18.50) on shares of Huntington Bancshares in a report on Wednesday, December 4th.

Huntington Bancshares Trading Up 0.9 %

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 debt-to-equity ratio of 0.92, a current ratio of 0.89 and a quick ratio of 0.88. The company has a market capitalization of $24.51 billion, a price-to-earnings ratio of 13.72, a price-to-earnings-growth ratio of 1.41 and a beta of 1.07. The company’s fifty day moving average price is $16.73 and its two-hundred day moving average price is $15.92.

Huntington Bancshares (NASDAQ:HBAN) last posted its quarterly earnings data on Friday, January 17th. The bank reported $0.34 EPS for the quarter, beating analysts’ consensus estimates 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 quarter in the prior year, the business posted $0.27 EPS. As a group, research analysts predict that Huntington Bancshares will post 1.4 earnings per share for the current fiscal year.

Huntington Bancshares Announces Dividend

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

Institutional Trading of Huntington Bancshares

A number of large investors have recently modified their holdings of HBAN. Norges Bank acquired a new position in Huntington Bancshares during the 4th quarter valued at about $302,826,000. Raymond James Financial Inc. acquired a new position in Huntington Bancshares during the 4th quarter valued at about $150,444,000. FMR LLC increased its stake in Huntington Bancshares by 36.9% during the 4th quarter. FMR LLC now owns 32,479,039 shares of the bank’s stock valued at $528,434,000 after buying an additional 8,759,871 shares during the period. State Street Corp increased its stake in Huntington Bancshares by 10.3% during the 3rd quarter. State Street Corp now owns 79,474,115 shares of the bank’s stock valued at $1,179,319,000 after buying an additional 7,439,909 shares during the period. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its stake in Huntington Bancshares by 126.6% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 7,048,773 shares of the bank’s stock valued at $114,684,000 after buying an additional 3,938,769 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.