Huntington Bancshares (HBAN) Lowered to Hold at ValuEngine

ValuEngine cut shares of Huntington Bancshares (NASDAQ:HBAN) from a buy rating to a hold rating in a research note released on Monday morning.

Several other research firms have also commented on HBAN. Keefe, Bruyette & Woods reiterated a hold rating and issued a $17.00 price target on shares of Huntington Bancshares in a research report on Tuesday, February 27th. Zacks Investment Research lowered shares of Huntington Bancshares from a buy rating to a hold rating in a research report on Tuesday, February 13th. BidaskClub upgraded shares of Huntington Bancshares from a hold rating to a buy rating in a research report on Friday, December 22nd. Piper Jaffray reiterated a buy rating and issued a $17.00 price target on shares of Huntington Bancshares in a research report on Tuesday, January 9th. Finally, Hilliard Lyons upgraded shares of Huntington Bancshares from a neutral rating to a buy rating and set a $17.00 target price on the stock in a research report on Friday, February 9th. Nine analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Huntington Bancshares presently has an average rating of Buy and a consensus price target of $16.98.

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Shares of HBAN stock traded down $0.37 during trading hours on Monday, hitting $14.70. The company’s stock had a trading volume of 4,223,033 shares, compared to its average volume of 10,289,138. The firm has a market capitalization of $16,557.09, a PE ratio of 14.98, a P/E/G ratio of 1.14 and a beta of 1.33. Huntington Bancshares has a twelve month low of $12.14 and a twelve month high of $16.60. 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 (NASDAQ:HBAN) last released its quarterly earnings results on Tuesday, January 23rd. The bank reported $0.26 EPS for the quarter, meeting the consensus estimate of $0.26. The business had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.10 billion. Huntington Bancshares had a net margin of 25.02% and a return on equity of 12.12%. During the same period in the prior year, the business earned $0.18 earnings per share. sell-side analysts anticipate that Huntington Bancshares will post 1.21 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, April 2nd. Investors of record on Monday, March 19th were given a dividend of $0.11 per share. The ex-dividend date was Friday, March 16th. This represents a $0.44 dividend on an annualized basis and a yield of 2.99%. Huntington Bancshares’s dividend payout ratio (DPR) is currently 44.90%.

A number of large investors have recently bought and sold shares of HBAN. New York State Common Retirement Fund raised its stake in Huntington Bancshares by 2.0% during the third quarter. New York State Common Retirement Fund now owns 2,354,300 shares of the bank’s stock worth $32,866,000 after purchasing an additional 47,000 shares during the period. Ameriprise Financial Inc. raised its stake in Huntington Bancshares by 4.4% during the third quarter. Ameriprise Financial Inc. now owns 2,160,447 shares of the bank’s stock worth $30,176,000 after purchasing an additional 91,730 shares during the period. Nordea Investment Management AB raised its stake in Huntington Bancshares by 8.8% during the third quarter. Nordea Investment Management AB now owns 237,489 shares of the bank’s stock worth $3,315,000 after purchasing an additional 19,112 shares during the period. Virginia Retirement Systems ET AL raised its stake in Huntington Bancshares by 16.5% during the third quarter. Virginia Retirement Systems ET AL now owns 82,600 shares of the bank’s stock worth $1,153,000 after purchasing an additional 11,700 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in Huntington Bancshares by 9.8% during the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 88,647 shares of the bank’s stock worth $1,238,000 after purchasing an additional 7,881 shares during the period. 73.91% of the stock is currently owned by institutional investors.

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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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Analyst Recommendations for Huntington Bancshares (NASDAQ:HBAN)

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