Nomura Analysts Give Huntington Bancshares (NASDAQ:HBAN) a $14.00 Price Target
Nomura set a $14.00 target price on Huntington Bancshares (NASDAQ:HBAN) in a research report report published on Friday morning, TipRanks reports. The brokerage currently has a hold rating on the bank’s stock.
A number of other research firms have also recently commented on HBAN. Macquarie set a $79.00 price target on shares of Alaska Air Group and gave the stock a buy rating in a report on Friday, July 12th. ValuEngine cut shares of Zumiez from a hold rating to a sell rating in a report on Tuesday, July 2nd. Argus cut shares of Abercrombie & Fitch from a buy rating to a hold rating in a report on Friday, May 31st. Zacks Investment Research cut shares of HENGAN INTL GRP/ADR from a strong-buy rating to a hold rating in a report on Tuesday, May 21st. Finally, BidaskClub cut shares of Woodward, Inc.Common Stock from a strong-buy rating to a buy rating in a report on Saturday. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of Hold and a consensus price target of $15.63.
Shares of NASDAQ:HBAN traded down $0.11 during mid-day trading on Friday, reaching $14.50. The company had a trading volume of 126,761 shares, compared to its average volume of 7,948,959. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.86. The stock has a market capitalization of $15.28 billion, a price-to-earnings ratio of 12.17, a price-to-earnings-growth ratio of 1.59 and a beta of 1.38. The company has a 50-day simple moving average of $13.67. Huntington Bancshares has a one year low of $11.12 and a one year high of $16.52.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 17th will be issued a dividend of $0.15 per share. This is a boost from Huntington Bancshares’s previous quarterly dividend of $0.14. This represents a $0.60 dividend on an annualized basis and a yield of 4.14%. Huntington Bancshares’s payout ratio is presently 46.67%.
In other Huntington Bancshares news, EVP Richard Remiker sold 18,386 shares of the business’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $14.02, for a total transaction of $257,771.72. Following the sale, the executive vice president now owns 357,085 shares of the company’s stock, valued at approximately $5,006,331.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Paul G. Heller sold 33,772 shares of the business’s stock in a transaction on Friday, May 17th. The shares were sold at an average price of $13.08, for a total transaction of $441,737.76. Following the sale, the executive vice president now directly owns 458,479 shares in the company, valued at approximately $5,996,905.32. The disclosure for this sale can be found here. Insiders own 1.22% of the company’s stock.
A number of hedge funds have recently modified their holdings of HBAN. Cornerstone Advisors Inc. grew its position in shares of Huntington Bancshares by 106.5% during the 2nd quarter. Cornerstone Advisors Inc. now owns 2,305 shares of the bank’s stock valued at $32,000 after purchasing an additional 1,189 shares in the last quarter. Trustcore Financial Services LLC purchased a new position in shares of Huntington Bancshares during the 1st quarter valued at $39,000. Destination Wealth Management purchased a new position in shares of Huntington Bancshares during the 1st quarter valued at $46,000. Bremer Bank National Association purchased a new position in shares of Huntington Bancshares during the 1st quarter valued at $53,000. Finally, Icon Wealth Partners LLC purchased a new position in shares of Huntington Bancshares during the 1st quarter valued at $57,000. 75.53% of the stock is currently owned by institutional investors and hedge funds.
Huntington Bancshares Company Profile
Huntington Bancshares Incorporated operates as a holding company for The Huntington National Bank that provides commercial, small business, consumer, and mortgage banking services. The company operates through four business segments: Consumer and Business Banking, Commercial Banking, Vehicle Finance, and Regional Banking and The Huntington Private Client Group (RBHPCG).
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