Huntington Bancshares (NASDAQ:HBAN) Earning Somewhat Positive Media Coverage, Report Finds
News stories about Huntington Bancshares (NASDAQ:HBAN) have been trending somewhat positive this week, Accern Sentiment reports. Accern identifies negative and positive media coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Huntington Bancshares earned a coverage optimism score of 0.24 on Accern’s scale. Accern also assigned headlines about the bank an impact score of 45.9842050991699 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s analysis:
- Free Post Earnings Research Report: Huntington Bancshares’ Q4 Top-Line Grew 4%; Outpaced Estimates (finance.yahoo.com)
- BMO Capital Markets Reaffirms “Hold” Rating for Huntington Bancshares (HBAN) (americanbankingnews.com)
- Huntington Bancshares (HBAN) Stock Rating Lowered by Macquarie (americanbankingnews.com)
- Huntington Bancshares (HBAN) Price Target Raised to $18.00 (americanbankingnews.com)
- Huntington Bancshares Incorporated (HBAN) Given Average Recommendation of “Buy” by Analysts (americanbankingnews.com)
Several equities research analysts recently commented on the stock. Macquarie lowered shares of Huntington Bancshares from an “outperform” rating to a “neutral” rating and boosted their price objective for the stock from $16.04 to $16.50 in a research note on Wednesday, January 24th. Bank of America increased their target price on shares of Huntington Bancshares from $17.00 to $18.00 and gave the company a “buy” rating in a research note on Wednesday, January 24th. Hilliard Lyons downgraded shares of Huntington Bancshares from a “buy” rating to a “neutral” rating and set a $17.00 price target on the stock. in a research note on Wednesday, January 24th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $16.75 target price on shares of Huntington Bancshares in a report on Wednesday, January 24th. Finally, Sandler O’Neill restated a “buy” rating and issued a $18.00 price target on shares of Huntington Bancshares in a report on Tuesday, January 23rd. Ten analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $16.75.
Huntington Bancshares (NASDAQ:HBAN) last released its earnings results on Tuesday, January 23rd. The bank reported $0.26 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.26. The firm 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 firm earned $0.18 earnings per share. equities analysts forecast that Huntington Bancshares will post 1.2 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, April 2nd. Investors of record on Monday, March 19th will be issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 2.72%. The ex-dividend date of this dividend is Friday, March 16th. Huntington Bancshares’s dividend payout ratio (DPR) is 32.00%.
In related news, insider Helga Houston sold 14,513 shares of the company’s stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $13.77, for a total value of $199,844.01. Following the completion of the transaction, the insider now directly owns 499,824 shares of the company’s stock, valued at $6,882,576.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.30% of the company’s stock.
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Huntington Bancshares Company Profile
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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