Huntington Bancshares Inc. (NASDAQ:HBAN) had its target price hoisted by investment analysts at Deutsche Bank AG from $12.00 to $15.00 in a research note issued on Wednesday. The firm currently has a “buy” rating on the stock. Deutsche Bank AG’s price target suggests a potential upside of 20.39% from the company’s previous close.

HBAN has been the topic of several other research reports. Macquarie upgraded Huntington Bancshares from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $12.44 to $14.00 in a report on Tuesday, November 22nd. Jefferies Group reaffirmed a “buy” rating on shares of Huntington Bancshares in a research report on Thursday, August 4th. Zacks Investment Research raised Huntington Bancshares from a “sell” rating to a “hold” rating in a research report on Tuesday, October 4th. FBR & Co lowered Huntington Bancshares from an “outperform” rating to a “market perform” rating and set a $11.00 target price on the stock. in a research report on Tuesday, October 11th. Finally, Wedbush started coverage on Huntington Bancshares in a research report on Thursday, October 6th. They issued an “outperform” rating and a $12.00 target price on the stock. Eleven research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $11.65.

Analyst Recommendations for Huntington Bancshares (NASDAQ:HBAN)

Huntington Bancshares (NASDAQ:HBAN) traded up 1.47% on Wednesday, reaching $12.46. The company had a trading volume of 17,092,633 shares. The firm has a 50-day moving average of $10.90 and a 200-day moving average of $9.95. Huntington Bancshares has a 12 month low of $7.83 and a 12 month high of $12.68. The stock has a market capitalization of $13.52 billion, a P/E ratio of 17.60 and a beta of 1.16.

Huntington Bancshares (NASDAQ:HBAN) last posted its quarterly earnings data on Wednesday, October 26th. The company reported $0.22 earnings per share (EPS) for the quarter, topping the 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 in the previous year, the business earned $0.18 EPS. On average, equities research analysts expect that Huntington Bancshares will post $0.73 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, January 2nd. Shareholders of record on Tuesday, December 20th will be paid a $0.08 dividend. This is an increase from Huntington Bancshares’s previous quarterly dividend of $0.07. This represents a $0.32 dividend on an annualized basis and a yield of 2.57%. The ex-dividend date is Friday, December 16th. Huntington Bancshares’s payout ratio is presently 39.44%.

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In other Huntington Bancshares news, EVP David S. Anderson sold 10,011 shares of Huntington Bancshares stock in a transaction that occurred on Wednesday, November 9th. The stock was sold at an average price of $10.60, for a total value of $106,116.60. Following the completion of the transaction, the executive vice president now directly owns 102,580 shares in the company, valued at $1,087,348. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Helga Houston sold 8,378 shares of Huntington Bancshares stock in a transaction that occurred on Tuesday, November 29th. The shares were sold at an average price of $12.33, for a total value of $103,300.74. Following the completion of the transaction, the insider now owns 311,219 shares of the company’s stock, valued at $3,837,330.27. The disclosure for this sale can be found here. 1.65% of the stock is owned by company insiders.

Institutional investors have recently modified their holdings of the stock. Envestnet Asset Management Inc. increased its position 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 during the last quarter. Babson Capital Management LLC increased its position 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 during the last quarter. Arizona State Retirement System increased its position 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 during the last quarter. Ladenburg Thalmann Financial Services Inc. increased its position 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 during the last quarter. Finally, Fulton Bank N.A. increased its position in shares of Huntington Bancshares by 9.9% in the second quarter. Fulton Bank N.A. now owns 16,819 shares of the company’s stock worth $150,000 after buying an additional 1,513 shares during the last quarter. Institutional investors own 68.80% of the company’s stock.

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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