Huntington Bancshares (HBAN) Cut to Buy at BidaskClub

BidaskClub lowered shares of Huntington Bancshares (NASDAQ:HBAN) from a strong-buy rating to a buy rating in a research report report published on Wednesday.

Several other research firms have also weighed in on HBAN. ValuEngine raised Huntington Bancshares from a hold rating to a buy rating in a research report on Thursday, March 1st. Keefe, Bruyette & Woods reissued a hold rating and issued a $17.00 price objective on shares of Huntington Bancshares in a research report on Tuesday, February 27th. Zacks Investment Research lowered Huntington Bancshares from a buy rating to a hold rating in a research report on Tuesday, February 13th. Piper Jaffray reissued a buy rating and issued a $17.00 price objective on shares of Huntington Bancshares in a research report on Tuesday, January 9th. Finally, Hilliard Lyons raised Huntington Bancshares from a neutral rating to a buy rating and set a $17.00 price objective for the company in a research report on Friday, February 9th. Eight research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. The stock currently has an average rating of Buy and a consensus price target of $16.93.

How to Become a New Pot Stock Millionaire

Shares of NASDAQ:HBAN opened at $15.10 on Wednesday. The firm has a market cap of $16,645.27, a P/E ratio of 15.41, a P/E/G ratio of 1.14 and a beta of 1.33. The company has a debt-to-equity ratio of 0.94, 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 $16.60.

Huntington Bancshares (NASDAQ:HBAN) last announced its earnings results on Tuesday, January 23rd. The bank reported $0.26 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.26. The business had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.10 billion. Huntington Bancshares had a return on equity of 12.12% and a net margin of 25.02%. During the same period last year, the company earned $0.18 EPS. analysts expect that Huntington Bancshares will post 1.21 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, April 2nd. Stockholders of record on Monday, March 19th will be paid a $0.11 dividend. The ex-dividend date is Friday, March 16th. This represents a $0.44 annualized dividend and a dividend yield of 2.91%. Huntington Bancshares’s dividend payout ratio is presently 44.90%.

Several institutional investors and hedge funds have recently modified their holdings of the company. Schroder Investment Management Group grew its stake in shares of Huntington Bancshares by 16.8% in the 4th quarter. Schroder Investment Management Group now owns 22,882 shares of the bank’s stock valued at $333,000 after buying an additional 3,298 shares during the period. New Mexico Educational Retirement Board grew its stake in shares of Huntington Bancshares by 3.7% in the 4th quarter. New Mexico Educational Retirement Board now owns 104,776 shares of the bank’s stock valued at $1,526,000 after buying an additional 3,700 shares during the period. Endurance Wealth Management Inc. grew its stake in shares of Huntington Bancshares by 0.6% in the 4th quarter. Endurance Wealth Management Inc. now owns 838,303 shares of the bank’s stock valued at $12,206,000 after buying an additional 5,174 shares during the period. Advisor Group Inc. grew its stake in shares of Huntington Bancshares by 6.5% in the 4th quarter. Advisor Group Inc. now owns 84,620 shares of the bank’s stock valued at $1,233,000 after buying an additional 5,180 shares during the period. Finally, Stifel Financial Corp grew its stake in shares of Huntington Bancshares by 1.8% in the 3rd quarter. Stifel Financial Corp now owns 298,891 shares of the bank’s stock valued at $4,168,000 after buying an additional 5,256 shares during the period. Institutional investors own 73.91% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “Huntington Bancshares (HBAN) Cut to Buy at BidaskClub” was published by WKRB News and is owned by of WKRB News. If you are accessing this news story on another website, it was copied illegally and republished in violation of U.S. & international copyright legislation. The original version of this news story can be accessed at https://www.wkrb13.com/2018/03/31/huntington-bancshares-hban-cut-to-buy-at-bidaskclub.html.

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.

Analyst Recommendations for Huntington Bancshares (NASDAQ:HBAN)

Receive News & Ratings for Huntington Bancshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Huntington Bancshares and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply