Press coverage about Huntington Bancshares (NASDAQ:HBAN) has been trending somewhat positive recently, according to Accern. The research group rates the sentiment of news coverage by reviewing more than 20 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 daily sentiment score of 0.23 on Accern’s scale. Accern also assigned news coverage about the bank an impact score of 46.496349694099 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the media stories that may have impacted Accern Sentiment Analysis’s rankings:
- Huntington Bancshares Incorporated (HBAN) noted a price change of 0.53% and Seritage Growth Properties (SRG … – Stocks Gallery (stocksgallery.com)
- Huntington Auto Finance Group And CRE Executive Stanutz To Retire – Markets Insider (markets.businessinsider.com)
- Investment in Huntington Bancshares Incorporated (HBAN) could prove to be a Good? – Street Observer (press release) (streetobserver.com)
- Huntington Auto Finance Group And CRE Executive Stanutz To Retire – GuruFocus.com (gurufocus.com)
- The Technical Condition Changes For Huntington Bancshares Incorporated (HBAN), Schlumberger Limited (SLB) – AllStockNews (allstocknews.com)
Shares of Huntington Bancshares (NASDAQ HBAN) traded down 2.73% during mid-day trading on Thursday, reaching $12.81. 8,248,788 shares of the company’s stock were exchanged. The stock has a market cap of $13.96 billion, a PE ratio of 17.74 and a beta of 1.37. The company has a 50 day moving average price of $13.37 and a 200-day moving average price of $13.33. Huntington Bancshares has a one year low of $9.40 and a one year high of $14.74.
Huntington Bancshares (NASDAQ:HBAN) last released its quarterly earnings data on Friday, July 21st. The bank reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $1.07 billion. During the same quarter in the previous year, the company earned $0.19 earnings per share. On average, analysts predict that Huntington Bancshares will post $0.91 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Monday, September 18th will be given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.50%. The ex-dividend date of this dividend is Friday, September 15th. Huntington Bancshares’s payout ratio is 46.38%.
Huntington Bancshares declared that its board has initiated a share repurchase plan on Wednesday, June 28th that permits the company to repurchase $308.00 million in outstanding shares. This repurchase authorization permits the bank to buy up to 2.2% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its shares are undervalued.
Several brokerages have commented on HBAN. Piper Jaffray Companies restated a “neutral” rating and set a $14.00 price objective (down from $14.50) on shares of Huntington Bancshares in a research report on Saturday, April 22nd. Deutsche Bank AG restated a “buy” rating on shares of Huntington Bancshares in a research report on Monday, July 3rd. 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. FBR & Co restated a “mkt perform” rating and set a $14.00 price objective (down from $15.00) on shares of Huntington Bancshares in a research report on Thursday, April 20th. Finally, BidaskClub downgraded shares of 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, seven have assigned a hold rating and ten have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $14.90.
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In related news, EVP Andrew J. Harmening bought 15,490 shares of the business’s stock in a transaction dated Monday, May 15th. The shares were purchased at an average price of $12.92 per share, with a total value of $200,130.80. Following the purchase, the executive vice president now owns 35,543 shares of the company’s stock, valued at approximately $459,215.56. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Stephen D. Steinour bought 50,000 shares of the business’s stock in a transaction dated Thursday, May 18th. The shares were bought at an average cost of $12.40 per share, for a total transaction of $620,000.00. Following the purchase, the chief executive officer now directly owns 3,891,831 shares in the company, valued at approximately $48,258,704.40. The disclosure for this purchase can be found here. Insiders acquired 67,940 shares of company stock worth $852,226 in the last 90 days. Corporate insiders own 1.30% of the company’s stock.
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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