Huntington Bancshares Inc. (NASDAQ:HBAN) – Investment analysts at Jefferies Group issued their FY2018 earnings estimates for shares of Huntington Bancshares in a research report issued to clients and investors on Friday. Jefferies Group analyst K. Usdin forecasts that the brokerage will post earnings of $0.98 per share for the year. Jefferies Group has a “Buy” rating on the stock.
Several other brokerages have also commented on HBAN. Wedbush began coverage on Huntington Bancshares in a report on Thursday. They issued an “outperform” rating and a $12.00 price objective for the company. Zacks Investment Research raised Huntington Bancshares from a “sell” rating to a “hold” rating in a report on Tuesday, October 4th. Deutsche Bank AG raised Huntington Bancshares from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $10.50 to $11.50 in a report on Wednesday, September 28th. JPMorgan Chase & Co. reissued a “hold” rating and set a $9.50 price target on shares of Huntington Bancshares in a report on Friday, July 22nd. Finally, Robert W. Baird reissued a “neutral” rating and set a $9.23 price target (down previously from $10.00) on shares of Huntington Bancshares in a report on Friday, July 22nd. Fourteen research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $11.12.
Huntington Bancshares (NASDAQ:HBAN) opened at 10.27 on Monday. The company has a market capitalization of $8.21 billion, a price-to-earnings ratio of 13.17 and a beta of 1.13. The stock’s 50 day moving average price is $9.83 and its 200 day moving average price is $9.68. Huntington Bancshares has a 12 month low of $7.83 and a 12 month high of $11.87.
Huntington Bancshares (NASDAQ:HBAN) last announced its quarterly earnings data on Thursday, July 21st. The company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.21 by $0.02. Huntington Bancshares had a net margin of 20.85% and a return on equity of 11.07%. During the same period in the prior year, the business earned $0.23 EPS.
The business also recently disclosed a quarterly dividend, which was paid on Monday, October 3rd. Shareholders of record on Monday, September 19th were paid a dividend of $0.07 per share. The ex-dividend date of this dividend was Thursday, September 15th. This represents a $0.28 annualized dividend and a yield of 2.75%. Huntington Bancshares’s payout ratio is currently 35.90%.
In other news, EVP Nicholas G. Stanutz sold 35,350 shares of the company’s stock in a transaction that occurred on Monday, August 22nd. The stock was sold at an average price of $9.64, for a total transaction of $340,774.00. Following the transaction, the executive vice president now owns 434,650 shares of the company’s stock, valued at $4,190,026. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP David S. Anderson sold 9,006 shares of the company’s stock in a transaction that occurred on Monday, August 29th. The shares were sold at an average price of $9.82, for a total value of $88,438.92. Following the transaction, the executive vice president now directly owns 110,233 shares in the company, valued at approximately $1,082,488.06. The disclosure for this sale can be found here. Company insiders own 1.65% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in HBAN. Brown Advisory Securities LLC boosted its position in Huntington Bancshares by 2.1% in the second quarter. Brown Advisory Securities LLC now owns 11,106 shares of the company’s stock worth $101,000 after buying an additional 229 shares in the last quarter. Aspen Investment Management Inc acquired a new position in Huntington Bancshares during the second quarter worth approximately $102,000. Aspiriant LLC acquired a new position in Huntington Bancshares during the second quarter worth approximately $102,000. North Star Asset Management Inc. acquired a new position in Huntington Bancshares during the third quarter worth approximately $123,000. Finally, Robecosam AG acquired a new position in Huntington Bancshares during the first quarter worth approximately $125,000. 75.73% of the stock is currently owned by hedge funds and other institutional investors.
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.
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