Huntington Bancshares (NASDAQ:HBAN) Hits New 12-Month High at $17.48

Huntington Bancshares Incorporated (NASDAQ:HBAN)’s stock price hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $17.48 and last traded at $17.41, with a volume of 282755 shares traded. The stock had previously closed at $17.33.

Several brokerages recently issued reports on HBAN. UBS Group began coverage on shares of Huntington Bancshares in a research report on Wednesday. They issued a “buy” rating and a $21.00 target price for the company. TheStreet upgraded shares of Huntington Bancshares from a “c+” rating to a “b-” rating in a research report on Friday, September 17th. Raymond James upped their target price on shares of Huntington Bancshares from $18.00 to $20.00 and gave the stock a “strong-buy” rating in a research report on Thursday, October 7th. Wolfe Research lowered shares of Huntington Bancshares from an “outperform” rating to a “peer perform” rating and cut their price target for the company from $20.00 to $18.00 in a research report on Wednesday, November 17th. Finally, Barclays lowered shares of Huntington Bancshares from an “equal weight” rating to an “underweight” rating and set a $17.00 price target for the company. in a research report on Monday, January 3rd. One analyst has rated the stock with a sell rating, six have issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $17.94.

The firm’s 50-day simple moving average is $15.79 and its 200-day simple moving average is $15.32. The company has a quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 0.45. The firm has a market capitalization of $25.17 billion, a PE ratio of 12.65, a price-to-earnings-growth ratio of 0.48 and a beta of 1.27.

Huntington Bancshares (NASDAQ:HBAN) last issued its quarterly earnings data on Wednesday, October 27th. The bank reported $0.22 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.14). The firm had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.69 billion. Huntington Bancshares had a net margin of 30.72% and a return on equity of 13.28%. The business’s revenue was up 35.8% on a year-over-year basis. During the same period last year, the company posted $0.27 earnings per share. On average, equities research analysts forecast that Huntington Bancshares Incorporated will post 1.55 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 3rd. Stockholders of record on Friday, December 17th were paid a dividend of $0.155 per share. This represents a $0.62 annualized dividend and a dividend yield of 3.56%. This is an increase from Huntington Bancshares’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Thursday, December 16th. Huntington Bancshares’s dividend payout ratio is 45.26%.

In other Huntington Bancshares news, EVP Richard A. Pohle sold 4,837 shares of the firm’s stock in a transaction that occurred on Wednesday, October 20th. The shares were sold at an average price of $16.50, for a total transaction of $79,810.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Zachary Jacob Wasserman sold 8,597 shares of the firm’s stock in a transaction that occurred on Wednesday, November 3rd. The shares were sold at an average price of $16.11, for a total transaction of $138,497.67. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 366,827 shares of company stock valued at $5,907,614. Insiders own 1.04% of the company’s stock.

Several large investors have recently bought and sold shares of the company. Wedbush Securities Inc. grew its holdings in shares of Huntington Bancshares by 56.2% during the fourth quarter. Wedbush Securities Inc. now owns 25,610 shares of the bank’s stock valued at $395,000 after buying an additional 9,210 shares during the last quarter. Centennial Wealth Advisory LLC grew its holdings in shares of Huntington Bancshares by 6.0% during the fourth quarter. Centennial Wealth Advisory LLC now owns 13,053 shares of the bank’s stock valued at $201,000 after buying an additional 739 shares during the last quarter. IFP Advisors Inc grew its holdings in shares of Huntington Bancshares by 12.8% during the fourth quarter. IFP Advisors Inc now owns 9,617 shares of the bank’s stock valued at $149,000 after buying an additional 1,088 shares during the last quarter. DNB Asset Management AS grew its holdings in shares of Huntington Bancshares by 3.6% during the fourth quarter. DNB Asset Management AS now owns 254,934 shares of the bank’s stock valued at $3,931,000 after buying an additional 8,837 shares during the last quarter. Finally, HBW Advisory Services LLC grew its holdings in shares of Huntington Bancshares by 3.8% during the fourth quarter. HBW Advisory Services LLC now owns 24,696 shares of the bank’s stock valued at $381,000 after buying an additional 911 shares during the last quarter. Hedge funds and other institutional investors own 78.20% of the company’s stock.

About Huntington Bancshares (NASDAQ:HBAN)

Huntington Bancshares, Inc operates as a bank holding company. It 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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