Huntington Bancshares Incorporated (NASDAQ:HBAN) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) have earned a consensus recommendation of “Moderate Buy” from the nineteen analysts that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, fourteen have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $17.94.

Several analysts recently commented on HBAN shares. Royal Bank of Canada reissued an “outperform” rating and set a $20.00 price objective on shares of Huntington Bancshares in a research report on Tuesday, January 21st. Baird R W upgraded shares of Huntington Bancshares from a “hold” rating to a “strong-buy” rating in a report on Friday, March 7th. Piper Sandler cut their target price on 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 restated an “equal weight” rating and issued a $18.50 price target on shares of Huntington Bancshares in a research note on Friday, February 7th. Finally, Truist Financial increased their price objective on Huntington Bancshares from $19.00 to $21.00 and gave the company a “buy” rating in a research report on Tuesday, January 21st.

Insider Transactions at Huntington Bancshares

In other Huntington Bancshares news, VP Scott D. Kleinman sold 69,088 shares of the business’s stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $14.67, for a total value of $1,013,520.96. Following the sale, the vice president now owns 453,129 shares in the company, valued at $6,647,402.43. The trade was a 13.23 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Zachary Jacob Wasserman sold 38,451 shares of the firm’s stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $14.38, for a total value of $552,925.38. Following the transaction, the chief financial officer now owns 335,538 shares of the company’s stock, valued at approximately $4,825,036.44. The trade was a 10.28 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 111,781 shares of company stock valued at $1,631,151 over the last 90 days. Company insiders own 0.89% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of HBAN. Arvest Bank Trust Division purchased a new stake in Huntington Bancshares during the third quarter valued at $2,381,000. National Bank of Canada FI increased its holdings in shares of Huntington Bancshares by 220.9% in the 4th quarter. National Bank of Canada FI now owns 3,666,949 shares of the bank’s stock worth $59,661,000 after buying an additional 2,524,077 shares during the last quarter. Pictet Asset Management Holding SA raised its position in shares of Huntington Bancshares by 17.9% during the 4th quarter. Pictet Asset Management Holding SA now owns 850,139 shares of the bank’s stock valued at $13,832,000 after buying an additional 129,106 shares in the last quarter. Mediolanum International Funds Ltd bought a new position in shares of Huntington Bancshares in the 4th quarter valued at about $422,000. Finally, Donoghue Forlines LLC purchased a new position in Huntington Bancshares in the fourth quarter worth about $1,460,000. 80.72% of the stock is currently owned by institutional investors.

Huntington Bancshares Price Performance

HBAN stock opened at $12.89 on Friday. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.88 and a current ratio of 0.89. The firm has a 50 day moving average price of $15.21 and a 200-day moving average price of $16.05. Huntington Bancshares has a 52-week low of $11.92 and a 52-week high of $18.45. The firm has a market capitalization of $18.83 billion, a price-to-earnings ratio of 10.48, a PEG ratio of 1.33 and a beta of 0.89.

Huntington Bancshares (NASDAQ:HBAN) last announced its quarterly earnings data on Friday, January 17th. The bank reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 quarter in the previous year, the business earned $0.27 earnings per share. Equities research analysts forecast that Huntington Bancshares will post 1.39 EPS for the current fiscal year.

Huntington Bancshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 18th were given a $0.155 dividend. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $0.62 annualized dividend and a dividend yield of 4.81%. Huntington Bancshares’s payout ratio is 50.41%.

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.