Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Huntington Bancshares (HBAN) Share Price
News coverage about Huntington Bancshares (NASDAQ:HBAN) has been trending somewhat positive recently, Accern Sentiment reports. The research firm identifies positive and negative news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Huntington Bancshares earned a news impact score of 0.16 on Accern’s scale. Accern also assigned media stories about the bank an impact score of 46.8395078133907 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the headlines that may have impacted Accern Sentiment Analysis’s rankings:
- Zacks: Brokerages Anticipate Huntington Bancshares Incorporated (HBAN) Will Post Quarterly Sales of $1.09 Billion (americanbankingnews.com)
- Can Huntington Bancshares Incorporated (HBAN) Continue To Outperform Its Industry? (finance.yahoo.com)
- Buy Consensus rating on Financial Stock: Huntington Bancshares Incorporated (HBAN) – Street Observer (press release) (streetobserver.com)
- Huntington Bancshares Incorporated (HBAN) has a value of $13.75 per share While Taubman Centers, Inc. (TCO) is … – Stocks Gallery (stocksgallery.com)
- How expensive a Huntington Bancshares Incorporated (HBAN) stock is? – Street Observer (press release) (streetobserver.com)
A number of brokerages have issued reports on HBAN. BMO Capital Markets restated an “outperform” rating and set a $15.00 price objective (down from $16.00) on shares of Huntington Bancshares in a research report on Friday, July 21st. Deutsche Bank AG reiterated a “buy” rating on shares of Huntington Bancshares in a report on Monday, July 3rd. Instinet reiterated a “buy” rating and issued a $16.00 target price (up previously from $15.00) on shares of Huntington Bancshares in a report on Wednesday, July 12th. Royal Bank Of Canada reissued a “buy” rating and set a $16.00 target price on shares of Huntington Bancshares in a research report on Friday, September 8th. Finally, BidaskClub downgraded Huntington Bancshares from a “hold” rating to a “sell” rating in a research report on Tuesday, June 27th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have given a buy rating to the stock. Huntington Bancshares presently has an average rating of “Buy” and a consensus price target of $15.01.
Huntington Bancshares (NASDAQ HBAN) opened at 13.90 on Wednesday. The stock’s 50 day moving average is $12.97 and its 200-day moving average is $13.07. Huntington Bancshares has a 12 month low of $9.57 and a 12 month high of $14.74. The stock has a market capitalization of $15.15 billion, a price-to-earnings ratio of 19.25 and a beta of 1.38.
Huntington Bancshares (NASDAQ:HBAN) last issued its quarterly earnings data on Friday, July 21st. The bank reported $0.26 earnings per share (EPS) for the quarter, beating the 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 period in the previous year, the firm earned $0.19 EPS. On average, equities research analysts expect that Huntington Bancshares will post $0.92 earnings per share for the current year.
Huntington Bancshares announced that its board has initiated a share repurchase plan on Wednesday, June 28th that authorizes the company to repurchase $308.00 million in outstanding shares. This repurchase authorization authorizes the bank to repurchase up to 2.2% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its shares are undervalued.
The business also recently announced a quarterly dividend, which was paid on Monday, October 2nd. Shareholders of record on Monday, September 18th were paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 2.30%. The ex-dividend date of this dividend was Friday, September 15th. Huntington Bancshares’s dividend payout ratio (DPR) is presently 46.38%.
In related 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 completion of the sale, the executive vice president now owns 447,722 shares in the company, valued at approximately $5,690,546.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Richard W. Neu bought 2,450 shares of the company’s stock in a transaction that occurred on Friday, July 28th. The stock was bought at an average price of $13.10 per share, with a total value of $32,095.00. Following the acquisition, the director now directly owns 184,596 shares in the company, valued at approximately $2,418,207.60. The disclosure for this purchase can be found here. 1.30% of the stock is currently owned by insiders.
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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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