Huntington Bancshares Inc. (NASDAQ:HBAN) has received an average recommendation of “Buy” from the twenty-two research firms that are currently covering the company. Eleven equities research analysts have rated the stock with a hold recommendation, eight have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $11.29.

A number of equities analysts have weighed in on HBAN shares. Deutsche Bank AG raised shares of Huntington Bancshares from a “hold” rating to a “buy” rating and boosted their target price for the stock from $10.50 to $11.50 in a research note on Wednesday, September 28th. Macquarie raised shares of Huntington Bancshares from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $12.44 to $14.00 in a research note on Tuesday, November 22nd. Jefferies Group reaffirmed a “buy” rating on shares of Huntington Bancshares in a research note on Thursday, August 4th. Zacks Investment Research raised shares of Huntington Bancshares from a “sell” rating to a “hold” rating in a research note on Tuesday, October 4th. Finally, FBR & Co downgraded shares of Huntington Bancshares from an “outperform” rating to a “market perform” rating and set a $11.00 price target for the company. in a research note on Tuesday, October 11th.

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In related news, EVP David S. Anderson sold 10,011 shares of the stock in a transaction on Wednesday, November 9th. The shares were sold at an average price of $10.60, for a total transaction of $106,116.60. Following the completion of the transaction, the executive vice president now owns 102,580 shares in the company, valued at $1,087,348. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Nicholas G. Stanutz sold 25,000 shares of the stock in a transaction on Friday, November 11th. The stock was sold at an average price of $11.54, for a total transaction of $288,500.00. Following the transaction, the executive vice president now owns 416,511 shares of the company’s stock, valued at approximately $4,806,536.94. The disclosure for this sale can be found here. Corporate insiders own 1.65% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the stock. AMP Capital Investors Ltd boosted its stake in shares of Huntington Bancshares by 3.4% in the first quarter. AMP Capital Investors Ltd now owns 215,315 shares of the company’s stock worth $2,066,000 after buying an additional 7,100 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of Huntington Bancshares by 51.6% in the first quarter. Envestnet Asset Management Inc. now owns 154,042 shares of the company’s stock worth $1,470,000 after buying an additional 52,425 shares in the last quarter. Babson Capital Management LLC boosted its stake in shares of Huntington Bancshares by 109.4% in the first quarter. Babson Capital Management LLC now owns 85,181 shares of the company’s stock worth $813,000 after buying an additional 44,500 shares in the last quarter. Arizona State Retirement System boosted its stake in shares of Huntington Bancshares by 2.2% in the first quarter. Arizona State Retirement System now owns 215,566 shares of the company’s stock worth $2,056,000 after buying an additional 4,700 shares in the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. boosted its stake in shares of Huntington Bancshares by 86.2% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 61,353 shares of the company’s stock worth $584,000 after buying an additional 28,404 shares in the last quarter. Hedge funds and other institutional investors own 62.32% of the company’s stock.

Shares of Huntington Bancshares (NASDAQ:HBAN) opened at 12.56 on Friday. Huntington Bancshares has a 52 week low of $7.83 and a 52 week high of $12.68. The firm’s 50 day moving average is $10.84 and its 200-day moving average is $9.94. The firm has a market cap of $13.62 billion, a price-to-earnings ratio of 17.74 and a beta of 1.16.

Huntington Bancshares (NASDAQ:HBAN) last announced its earnings results on Wednesday, October 26th. The company reported $0.22 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.21 by $0.01. Huntington Bancshares had a net margin of 18.87% and a return on equity of 10.97%. During the same period in the prior year, the firm earned $0.18 earnings per share. Equities research analysts predict that Huntington Bancshares will post $0.73 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 2nd. Investors of record on Tuesday, December 20th will be issued a dividend of $0.08 per share. This is a boost from Huntington Bancshares’s previous quarterly dividend of $0.07. The ex-dividend date is Friday, December 16th. This represents a $0.32 annualized dividend and a yield of 2.55%. Huntington Bancshares’s dividend payout ratio is presently 39.44%.

About Huntington Bancshares

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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