Huntington Bancshares (NASDAQ:HBAN) Reaches New 12-Month High at $14.07

Huntington Bancshares Incorporated (NASDAQ:HBAN)’s stock price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $14.07 and last traded at $14.04, with a volume of 9809905 shares. The stock had previously closed at $13.85.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Keefe, Bruyette & Woods raised their target price on Huntington Bancshares from $14.00 to $15.00 and gave the stock a “market perform” rating in a research report on Friday, April 5th. DA Davidson upgraded shares of Huntington Bancshares from a “neutral” rating to a “buy” rating and boosted their target price for the company from $14.00 to $15.50 in a research note on Tuesday, February 27th. Citigroup increased their target price on shares of Huntington Bancshares from $14.00 to $15.00 and gave the stock a “buy” rating in a research report on Thursday, January 25th. Royal Bank of Canada lifted their price target on shares of Huntington Bancshares from $15.00 to $16.00 and gave the company an “outperform” rating in a report on Tuesday, April 9th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $16.00 price objective on shares of Huntington Bancshares in a research note on Monday, April 22nd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $15.17.

Huntington Bancshares Trading Up 1.4 %

The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.88. The company has a market cap of $20.36 billion, a P/E ratio of 12.48, a P/E/G ratio of 2.55 and a beta of 1.09. The business has a 50-day moving average price of $13.48 and a two-hundred day moving average price of $12.46.

Huntington Bancshares (NASDAQ:HBAN) last announced its quarterly earnings data on Friday, April 19th. The bank reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.03. Huntington Bancshares had a return on equity of 11.99% and a net margin of 15.86%. The firm had revenue of $2.85 billion during the quarter, compared to analysts’ expectations of $1.74 billion. During the same period in the previous year, the business posted $0.38 EPS. On average, analysts predict that Huntington Bancshares Incorporated will post 1.21 EPS for the current year.

Huntington Bancshares Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Monday, June 17th will be given a $0.155 dividend. The ex-dividend date is Friday, June 14th. This represents a $0.62 annualized dividend and a dividend yield of 4.41%. Huntington Bancshares’s dividend payout ratio is currently 55.86%.

Insider Activity at Huntington Bancshares

In related news, Director Ann B. Crane sold 58,000 shares of the stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $13.54, for a total value of $785,320.00. Following the sale, the director now directly owns 192,247 shares in the company, valued at approximately $2,603,024.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Ann B. Crane sold 58,000 shares of the firm’s stock in a transaction on Friday, March 8th. The stock was sold at an average price of $13.54, for a total transaction of $785,320.00. Following the sale, the director now owns 192,247 shares of the company’s stock, valued at approximately $2,603,024.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Kendall A. Kowalski sold 15,711 shares of the business’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $13.84, for a total value of $217,440.24. Following the completion of the transaction, the insider now directly owns 65,195 shares of the company’s stock, valued at $902,298.80. The disclosure for this sale can be found here. Over the last quarter, insiders sold 224,092 shares of company stock worth $3,031,731. 0.92% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. Bleakley Financial Group LLC boosted its position in Huntington Bancshares by 3.6% during the 1st quarter. Bleakley Financial Group LLC now owns 53,274 shares of the bank’s stock worth $743,000 after acquiring an additional 1,851 shares during the last quarter. Russell Investments Group Ltd. grew its position in Huntington Bancshares by 4.0% in the first quarter. Russell Investments Group Ltd. now owns 1,096,627 shares of the bank’s stock valued at $15,276,000 after purchasing an additional 41,742 shares in the last quarter. Inspire Advisors LLC increased its stake in Huntington Bancshares by 12.9% in the 1st quarter. Inspire Advisors LLC now owns 100,104 shares of the bank’s stock valued at $1,396,000 after buying an additional 11,405 shares during the last quarter. Meeder Advisory Services Inc. lifted its position in Huntington Bancshares by 6.4% during the 1st quarter. Meeder Advisory Services Inc. now owns 35,628 shares of the bank’s stock worth $497,000 after buying an additional 2,136 shares in the last quarter. Finally, NorthRock Partners LLC boosted its stake in shares of Huntington Bancshares by 26.5% during the 1st quarter. NorthRock Partners LLC now owns 17,674 shares of the bank’s stock worth $247,000 after buying an additional 3,704 shares during the last quarter. Institutional investors own 80.72% of the company’s stock.

Huntington Bancshares Company Profile

Huntington Bancshares Incorporated operates as the bank holding company for The Huntington National Bank that provides commercial, consumer, and mortgage banking services in the United States. The company offers financial products and services to consumer and business customers, including deposits, lending, payments, mortgage banking, dealer financing, investment management, trust, brokerage, insurance, and other financial products and services.