Shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) have received an average recommendation of “Hold” from the twenty-one ratings firms that are presently covering the stock, Marketbeat.com reports. Thirteen research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $17.03.
Several equities research analysts have recently commented on HBAN shares. Zacks Investment Research upgraded Huntington Bancshares from a “hold” rating to a “buy” rating and set a $17.00 price target for the company in a research note on Thursday, October 4th. Vining Sparks restated a “buy” rating and set a $19.00 price target on shares of Huntington Bancshares in a research note on Tuesday, October 9th. Jefferies Financial Group increased their price objective on Huntington Bancshares from $17.00 to $18.00 and gave the stock a “buy” rating in a research report on Wednesday, August 8th. BidaskClub upgraded Huntington Bancshares from a “hold” rating to a “buy” rating in a research report on Saturday, August 4th. Finally, Raymond James cut their price objective on Huntington Bancshares from $17.00 to $16.00 and set a “buy” rating for the company in a research report on Wednesday, October 24th.
Huntington Bancshares stock opened at $14.47 on Friday. Huntington Bancshares has a 12 month low of $13.13 and a 12 month high of $16.60. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.90 and a quick ratio of 0.89. The company has a market cap of $15.36 billion, a PE ratio of 14.77, a P/E/G ratio of 0.82 and a beta of 1.26.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 2nd. Shareholders of record on Tuesday, December 18th will be issued a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 3.87%. The ex-dividend date of this dividend is Monday, December 17th. Huntington Bancshares’s dividend payout ratio (DPR) is 57.14%.
In other news, CEO Stephen D. Steinour bought 17,493 shares of the stock in a transaction on Thursday, October 25th. The shares were bought at an average price of $13.48 per share, with a total value of $235,805.64. Following the completion of the acquisition, the chief executive officer now owns 4,768,399 shares of the company’s stock, valued at $64,278,018.52. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Helga Houston sold 42,608 shares of the company’s stock in a transaction on Tuesday, November 13th. The shares were sold at an average price of $14.66, for a total value of $624,633.28. The disclosure for this sale can be found here. 1.05% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently bought and sold shares of HBAN. Columbia Asset Management acquired a new stake in Huntington Bancshares in the third quarter valued at $103,000. NuWave Investment Management LLC grew its holdings in Huntington Bancshares by 5,991.8% in the third quarter. NuWave Investment Management LLC now owns 8,894 shares of the bank’s stock valued at $133,000 after purchasing an additional 8,748 shares during the last quarter. Dupont Capital Management Corp grew its holdings in Huntington Bancshares by 79.3% in the second quarter. Dupont Capital Management Corp now owns 9,657 shares of the bank’s stock valued at $143,000 after purchasing an additional 4,270 shares during the last quarter. GAM Holding AG acquired a new stake in Huntington Bancshares in the second quarter valued at $154,000. Finally, Donaldson Capital Management LLC acquired a new stake in Huntington Bancshares in the third quarter valued at $172,000. 76.42% of the stock is currently owned by institutional investors.
About Huntington Bancshares
Huntington Bancshares Incorporated operates as a holding company for The Huntington National Bank that provides commercial, small business, consumer, and mortgage banking services. The company's Consumer and Business Banking segment offers financial products and services, such as checking accounts, savings accounts, money market accounts, certificates of deposit, consumer loans, and small business loans; and investments, mortgages, insurance, interest rate risk protection, and foreign exchange and treasury management services.
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