Weekly Analysts’ Ratings Changes for Huntington Bancshares (HBAN)

A number of firms have modified their ratings and price targets on shares of Huntington Bancshares (NASDAQ: HBAN) recently:

  • 8/1/2017 – Huntington Bancshares was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 7/27/2017 – Huntington Bancshares had its “buy” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $16.00 price target on the stock.
  • 7/24/2017 – Huntington Bancshares was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 7/24/2017 – Huntington Bancshares was upgraded by analysts at Hilliard Lyons from a “neutral” rating to a “buy” rating. They now have a $15.00 price target on the stock, up previously from $14.00.
  • 7/21/2017 – Huntington Bancshares had its “outperform” rating reaffirmed by analysts at BMO Capital Markets. They now have a $15.00 price target on the stock, down previously from $16.00.
  • 7/12/2017 – Huntington Bancshares had its “buy” rating reaffirmed by analysts at Instinet. They now have a $16.00 price target on the stock, up previously from $15.00.
  • 7/7/2017 – Huntington Bancshares had its “equal weight” rating reaffirmed by analysts at Morgan Stanley. They now have a $14.25 price target on the stock, up previously from $13.75.
  • 7/5/2017 – Huntington Bancshares was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 7/3/2017 – Huntington Bancshares had its “buy” rating reaffirmed by analysts at Deutsche Bank AG.
  • 6/27/2017 – Huntington Bancshares was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 6/24/2017 – Huntington Bancshares was given a new $14.00 price target on by analysts at Keefe, Bruyette & Woods. They now have a “hold” rating on the stock.
  • 6/13/2017 – Huntington Bancshares was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.

Shares of Huntington Bancshares Incorporated (NASDAQ HBAN) traded down 2.73% on Thursday, reaching $12.81. The company’s stock had a trading volume of 8,248,788 shares. The stock has a market capitalization of $13.96 billion, a P/E ratio of 17.74 and a beta of 1.37. Huntington Bancshares Incorporated has a 1-year low of $9.40 and a 1-year high of $14.74. The company has a 50 day moving average of $13.37 and a 200 day moving average of $13.34.

Huntington Bancshares (NASDAQ:HBAN) last posted its earnings results on Friday, July 21st. The bank reported $0.26 EPS for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.03. The company had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.07 billion. Huntington Bancshares had a return on equity of 11.39% and a net margin of 18.41%. During the same period in the previous year, the business earned $0.19 earnings per share. Equities research analysts expect that Huntington Bancshares Incorporated will post $0.91 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Monday, September 18th will be given a dividend of $0.08 per share. The ex-dividend date is Friday, September 15th. This represents a $0.32 dividend on an annualized basis and a yield of 2.50%. Huntington Bancshares’s payout ratio is 46.38%.

In other news, Director Richard W. Neu bought 2,450 shares of the firm’s stock in a transaction on Friday, July 28th. The shares were bought at an average cost of $13.10 per share, for a total transaction of $32,095.00. Following the completion of the transaction, the director now owns 184,596 shares in the company, valued at $2,418,207.60. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Andrew J. Harmening bought 15,490 shares of the firm’s stock in a transaction on Monday, May 15th. The shares were purchased at an average price of $12.92 per share, for a total transaction of $200,130.80. Following the completion of the transaction, the executive vice president now owns 35,543 shares of the company’s stock, valued at approximately $459,215.56. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 67,940 shares of company stock worth $852,226. 1.30% of the stock is owned by company insiders.

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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