Huntington Bancshares (HBAN) Lifted to Strong-Buy at BidaskClub
BidaskClub upgraded shares of Huntington Bancshares (NASDAQ:HBAN) from a buy rating to a strong-buy rating in a report published on Wednesday morning.
Other analysts also recently issued reports about the company. Bank of America boosted their price target on Huntington Bancshares from $17.00 to $18.00 and gave the stock a buy rating in a report on Wednesday, January 24th. Sandler O’Neill reissued a buy rating and set a $18.00 price target on shares of Huntington Bancshares in a report on Tuesday, January 23rd. Vining Sparks reissued a buy rating and set a $19.00 price target on shares of Huntington Bancshares in a report on Tuesday, January 23rd. Piper Jaffray Companies reissued a buy rating and set a $17.00 price target on shares of Huntington Bancshares in a report on Tuesday, January 9th. Finally, Hilliard Lyons raised Huntington Bancshares from a neutral rating to a buy rating and set a $17.00 price target for the company in a report on Friday, February 9th. Nine equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of Buy and an average target price of $16.76.
Shares of Huntington Bancshares (HBAN) traded up $0.34 during midday trading on Wednesday, hitting $16.50. The stock had a trading volume of 7,123,636 shares, compared to its average volume of 10,710,000. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.88 and a quick ratio of 0.87. Huntington Bancshares has a one year low of $12.14 and a one year high of $16.53. The company has a market cap of $17,690.00, a P/E ratio of 18.97, a P/E/G ratio of 1.25 and a beta of 1.33.
The business also recently declared a quarterly dividend, which will be paid on Monday, April 2nd. Stockholders of record on Monday, March 19th will be paid a $0.11 dividend. The ex-dividend date of this dividend is Friday, March 16th. This represents a $0.44 annualized dividend and a dividend yield of 2.67%. Huntington Bancshares’s payout ratio is 50.57%.
Several institutional investors have recently made changes to their positions in the stock. Crossmark Global Holdings Inc. bought a new position in Huntington Bancshares in the third quarter worth approximately $992,000. Victory Capital Management Inc. boosted its holdings in Huntington Bancshares by 30.9% in the third quarter. Victory Capital Management Inc. now owns 1,406,021 shares of the bank’s stock worth $19,628,000 after acquiring an additional 332,265 shares in the last quarter. Canada Pension Plan Investment Board boosted its holdings in Huntington Bancshares by 36.0% in the third quarter. Canada Pension Plan Investment Board now owns 385,483 shares of the bank’s stock worth $5,381,000 after acquiring an additional 102,100 shares in the last quarter. Andra AP fonden boosted its holdings in Huntington Bancshares by 10.0% in the third quarter. Andra AP fonden now owns 243,900 shares of the bank’s stock worth $3,405,000 after acquiring an additional 22,100 shares in the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its holdings in Huntington Bancshares by 6.3% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 165,928 shares of the bank’s stock worth $2,316,000 after acquiring an additional 9,810 shares in the last quarter. Institutional investors own 73.34% of the company’s stock.
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About Huntington Bancshares
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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