StockNews.com cut shares of Huntington Bancshares (NASDAQ:HBAN – Get Rating) from a hold rating to a sell rating in a research note issued to investors on Monday morning.
HBAN has been the subject of several other reports. Wolfe Research upped their price objective on Huntington Bancshares from $13.00 to $14.00 in a research note on Thursday, December 1st. The Goldman Sachs Group upped their price objective on Huntington Bancshares to $17.50 in a research note on Wednesday, November 16th. JPMorgan Chase & Co. lowered Huntington Bancshares from a neutral rating to an underweight rating and reduced their price objective for the stock from $15.50 to $14.50 in a research note on Tuesday, December 13th. Royal Bank of Canada upped their price objective on Huntington Bancshares from $17.00 to $18.00 and gave the stock an outperform rating in a research note on Friday, November 11th. Finally, Raymond James upped their price objective on Huntington Bancshares from $17.00 to $18.00 and gave the stock a strong-buy rating in a research note on Monday, October 24th. Four equities research analysts have rated the stock with a sell rating, six have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of Hold and an average price target of $15.53.
Get Huntington Bancshares alerts:Huntington Bancshares Price Performance
Shares of HBAN opened at $15.50 on Monday. The firm has a market cap of $22.36 billion, a PE ratio of 10.69, a P/E/G ratio of 0.31 and a beta of 1.11. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.62. The firm has a fifty day simple moving average of $14.51 and a two-hundred day simple moving average of $14.15. Huntington Bancshares has a 1-year low of $11.67 and a 1-year high of $16.51.
Huntington Bancshares Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 3rd. Shareholders of record on Monday, March 20th will be issued a dividend of $0.155 per share. This represents a $0.62 annualized dividend and a dividend yield of 4.00%. The ex-dividend date of this dividend is Friday, March 17th. Huntington Bancshares's dividend payout ratio (DPR) is presently 42.76%.Insider Buying and Selling at Huntington Bancshares
In other Huntington Bancshares news, VP Scott D. Kleinman sold 9,749 shares of the stock in a transaction dated Monday, November 7th. The shares were sold at an average price of $15.50, for a total transaction of $151,109.50. Following the completion of the transaction, the vice president now owns 214,477 shares of the company's stock, valued at approximately $3,324,393.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CFO Zachary Jacob Wasserman sold 28,055 shares of the stock in a transaction dated Monday, November 7th. The shares were sold at an average price of $15.44, for a total value of $433,169.20. Following the completion of the transaction, the chief financial officer now owns 140,060 shares of the company's stock, valued at approximately $2,162,526.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Scott D. Kleinman sold 9,749 shares of the stock in a transaction dated Monday, November 7th. The shares were sold at an average price of $15.50, for a total transaction of $151,109.50. Following the completion of the transaction, the vice president now directly owns 214,477 shares of the company's stock, valued at approximately $3,324,393.50. The disclosure for this sale can be found here. Insiders sold 167,804 shares of company stock valued at $2,547,579 in the last 90 days. Insiders own 0.72% of the company's stock.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in HBAN. Federated Hermes Inc. lifted its holdings in shares of Huntington Bancshares by 33.9% in the 2nd quarter. Federated Hermes Inc. now owns 24,566,817 shares of the bank's stock valued at $295,539,000 after acquiring an additional 6,214,626 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in Huntington Bancshares by 8.8% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 69,263,384 shares of the bank's stock worth $833,239,000 after purchasing an additional 5,592,181 shares during the period. BlackRock Inc. raised its position in Huntington Bancshares by 1.9% in the 3rd quarter. BlackRock Inc. now owns 140,041,365 shares of the bank's stock worth $1,845,745,000 after purchasing an additional 2,554,894 shares during the period. Vanguard Group Inc. raised its position in Huntington Bancshares by 1.5% in the 1st quarter. Vanguard Group Inc. now owns 162,794,916 shares of the bank's stock worth $2,380,062,000 after purchasing an additional 2,353,575 shares during the period. Finally, State Street Corp raised its position in Huntington Bancshares by 3.1% in the 3rd quarter. State Street Corp now owns 76,435,572 shares of the bank's stock worth $1,018,994,000 after purchasing an additional 2,266,557 shares during the period. Institutional investors own 80.43% of the company's stock.
Huntington Bancshares Company Profile
(Get Rating)
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, other financial products and services.
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