Huntington Bancshares Inc. (NASDAQ:HBAN)‘s stock had its “market perform” rating reissued by Sanford C. Bernstein in a note issued to investors on Saturday.

Other analysts have also issued reports about the company. Jefferies Group reissued a “buy” rating and set a $12.00 price target on shares of Huntington Bancshares in a research note on Thursday, November 3rd. Zacks Investment Research upgraded Huntington Bancshares from a “hold” rating to a “buy” rating and set a $12.00 price objective for the company in a research report on Wednesday, November 2nd. Deutsche Bank AG upgraded Huntington Bancshares from a “hold” rating to a “buy” rating and raised their price objective for the stock from $10.50 to $11.50 in a research report on Wednesday, September 28th. JPMorgan Chase & Co. restated a “hold” rating and set a $9.50 price objective on shares of Huntington Bancshares in a research report on Friday, July 22nd. Finally, FBR & Co downgraded Huntington Bancshares from an “outperform” rating to a “market perform” rating and set a $11.00 price objective for the company. in a research report on Tuesday, October 11th. Thirteen equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $11.20.

Analyst Recommendations for Huntington Bancshares (NASDAQ:HBAN)

Shares of Huntington Bancshares (NASDAQ:HBAN) opened at 12.50 on Friday. The firm’s 50-day moving average is $10.53 and its 200-day moving average is $9.86. Huntington Bancshares has a 1-year low of $7.83 and a 1-year high of $12.54. The firm has a market cap of $13.56 billion, a P/E ratio of 17.66 and a beta of 1.16.

Huntington Bancshares (NASDAQ:HBAN) last announced its quarterly earnings results on Wednesday, October 26th. The company reported $0.22 EPS for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.01. Huntington Bancshares had a return on equity of 10.97% and a net margin of 18.87%. During the same quarter last year, the business earned $0.18 EPS. On average, analysts anticipate that Huntington Bancshares will post $0.72 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 2nd. Shareholders of record on Tuesday, December 20th will be given a $0.08 dividend. The ex-dividend date of this dividend is Friday, December 16th. This represents a $0.32 annualized dividend and a yield of 2.56%. This is a boost from Huntington Bancshares’s previous quarterly dividend of $0.07. Huntington Bancshares’s payout ratio is currently 39.44%.

In other Huntington Bancshares news, EVP David S. Anderson sold 9,006 shares of the business’s stock in a transaction on Monday, August 29th. The stock was sold at an average price of $9.82, for a total value of $88,438.92. Following the transaction, the executive vice president now owns 110,233 shares of the company’s stock, valued at $1,082,488.06. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Sandra E. Pierce sold 52,994 shares of the business’s stock in a transaction on Friday, November 11th. The stock was sold at an average price of $11.62, for a total value of $615,790.28. Following the completion of the transaction, the insider now directly owns 495,651 shares in the company, valued at approximately $5,759,464.62. The disclosure for this sale can be found here. 1.65% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Capital Insight Partners LLC boosted its position in Huntington Bancshares by 5.2% in the second quarter. Capital Insight Partners LLC now owns 177,410 shares of the company’s stock valued at $1,586,000 after buying an additional 8,695 shares in the last quarter. Bank of Stockton boosted its position in Huntington Bancshares by 3.1% in the second quarter. Bank of Stockton now owns 46,710 shares of the company’s stock valued at $418,000 after buying an additional 1,425 shares in the last quarter. Chevy Chase Trust Holdings Inc. boosted its position in Huntington Bancshares by 1.7% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 690,285 shares of the company’s stock valued at $6,171,000 after buying an additional 11,476 shares in the last quarter. Exxonmobil Investment Management Inc. TX boosted its position in Huntington Bancshares by 6.8% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 206,787 shares of the company’s stock valued at $1,849,000 after buying an additional 13,218 shares in the last quarter. Finally, DNB Asset Management AS boosted its position in Huntington Bancshares by 4.1% in the second quarter. DNB Asset Management AS now owns 40,930 shares of the company’s stock valued at $366,000 after buying an additional 1,600 shares in the last quarter. 75.73% of the stock is currently owned by institutional investors and hedge funds.

Huntington Bancshares Company Profile

Huntington Bancshares Incorporated is a diversified regional bank holding company. Through its subsidiaries, including its bank subsidiary, The Huntington National Bank (the Bank), the Company is engaged in providing commercial, small business, consumer banking services, mortgage banking services, automobile financing, equipment leasing, investment management, trust services, brokerage services, customized insurance programs, and other financial products and services.

5 Day Chart for NASDAQ:HBAN

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