Huntington Bancshares (HBAN) Receives News Sentiment Rating of 0.26
News stories about Huntington Bancshares (NASDAQ:HBAN) have trended positive recently, Accern reports. Accern scores the sentiment of press coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Huntington Bancshares earned a coverage optimism score of 0.26 on Accern’s scale. Accern also assigned media coverage about the bank an impact score of 46.823483088674 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the headlines that may have effected Accern Sentiment Analysis’s scoring:
- Huntington Bancshares Incorpora (HBAN) Position Increased by Vanguard Group Inc (vothemes.com)
- Huntington Bancshares Inc (NASDAQ:HBAN) Institutional Investor Sentiment Analysis (wisdomsave.com)
- Huntington Bancshares Incorpora (NASDAQ:HBAN) Trading Up – Insiders Are Selling (currenthollywood.com)
- Is the Stock In Play? – Huntington Bancshares Incorporated (NASDAQ:HBAN) – Stock Watch (stocksnewstimes.com)
- Changes in Signals Identified: Huntington Bancshares Incorporated (HBAN), First Horizon National Corporation (FHN) – AllStockNews (allstocknews.com)
A number of brokerages have recently weighed in on HBAN. Keefe, Bruyette & Woods set a $14.00 price objective on shares of Huntington Bancshares and gave the stock a “hold” rating in a research note on Saturday, June 24th. BidaskClub cut shares of Huntington Bancshares from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. Deutsche Bank AG reissued a “buy” rating on shares of Huntington Bancshares in a research note on Monday, July 3rd. BMO Capital Markets reissued a “buy” rating and set a $16.00 price objective on shares of Huntington Bancshares in a research note on Friday, June 9th. Finally, Instinet reissued a “buy” rating and set a $16.00 price objective (up from $15.00) on shares of Huntington Bancshares in a research note on Wednesday, July 12th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the stock. Huntington Bancshares has a consensus rating of “Buy” and an average target price of $14.96.
Shares of Huntington Bancshares (NASDAQ HBAN) traded up 0.47% during trading on Friday, hitting $12.76. 7,728,253 shares of the company’s stock were exchanged. Huntington Bancshares has a 1-year low of $9.52 and a 1-year high of $14.74. The firm has a market capitalization of $13.91 billion, a PE ratio of 17.67 and a beta of 1.37. The stock’s 50 day moving average is $13.21 and its 200 day moving average is $13.27.
Huntington Bancshares (NASDAQ:HBAN) last announced its quarterly earnings results on Friday, July 21st. The bank reported $0.26 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.23 by $0.03. Huntington Bancshares had a net margin of 18.41% and a return on equity of 11.39%. The firm had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same quarter in the previous year, the firm posted $0.19 earnings per share. On average, equities research analysts forecast that Huntington Bancshares will post $0.92 earnings per share for the current year.
Huntington Bancshares declared that its Board of Directors has authorized a share buyback plan on Wednesday, June 28th that authorizes the company to repurchase $308.00 million in outstanding shares. This repurchase authorization authorizes the bank to buy up to 2.2% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its stock is undervalued.
The business also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Monday, September 18th will be paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 2.51%. The ex-dividend date of this dividend is Friday, September 15th. Huntington Bancshares’s payout ratio is currently 46.38%.
In other news, EVP Nicholas G. Stanutz sold 16,000 shares of Huntington Bancshares stock in a transaction that occurred on Wednesday, August 23rd. The shares were sold at an average price of $12.71, for a total value of $203,360.00. Following the sale, the executive vice president now directly owns 447,722 shares in the company, valued at $5,690,546.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Richard W. Neu acquired 2,450 shares of the stock in a transaction dated Friday, July 28th. The stock was acquired at an average price of $13.10 per share, for a total transaction of $32,095.00. Following the completion of the acquisition, the director now directly owns 184,596 shares of the company’s stock, valued at $2,418,207.60. The disclosure for this purchase can be found here. Insiders own 1.30% of the company’s stock.
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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.
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