Huntington Bancshares (HBAN) Receives Daily News Impact Score of 0.20

Press coverage about Huntington Bancshares (NASDAQ:HBAN) has been trending somewhat positive recently, Accern Sentiment reports. The research group ranks the sentiment of news coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Huntington Bancshares earned a coverage optimism score of 0.20 on Accern’s scale. Accern also gave headlines about the bank an impact score of 46.8398854017544 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.

Here are some of the headlines that may have impacted Accern Sentiment Analysis’s rankings:

Shares of Huntington Bancshares (HBAN) traded down 0.70% during trading on Friday, reaching $12.72. 7,865,786 shares of the company traded hands. Huntington Bancshares has a 12-month low of $9.43 and a 12-month high of $14.74. The company has a 50 day moving average price of $13.36 and a 200 day moving average price of $13.33. The firm has a market capitalization of $13.87 billion, a price-to-earnings ratio of 17.62 and a beta of 1.37.

Huntington Bancshares (NASDAQ:HBAN) last posted its earnings results on Friday, July 21st. The bank reported $0.26 EPS for the quarter, topping the consensus estimate of $0.23 by $0.03. Huntington Bancshares had a net margin of 18.41% and a return on equity of 11.39%. The business had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same period last year, the company earned $0.19 EPS. On average, equities analysts predict that Huntington Bancshares will post $0.91 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Monday, September 18th will be given a dividend of $0.08 per share. The ex-dividend date is Friday, September 15th. This represents a $0.32 annualized dividend and a yield of 2.52%. Huntington Bancshares’s dividend payout ratio is presently 46.38%.

Huntington Bancshares announced that its board has approved a stock repurchase program on Wednesday, June 28th that allows the company to buyback $308.00 million in outstanding shares. This buyback authorization allows the bank to purchase up to 2.2% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its shares are undervalued.

Several brokerages have weighed in on HBAN. Keefe, Bruyette & Woods set a $14.00 price objective on shares of Huntington Bancshares and gave the stock a “hold” rating in a research note on Saturday, June 24th. BidaskClub cut shares of Huntington Bancshares from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. Piper Jaffray Companies raised shares of Huntington Bancshares from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $14.00 to $15.00 in a research note on Friday. Deutsche Bank AG reiterated a “buy” rating on shares of Huntington Bancshares in a research report on Monday, July 3rd. Finally, BMO Capital Markets reiterated a “buy” rating and set a $16.00 target price on shares of Huntington Bancshares in a research report on Friday, June 9th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $14.96.

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In other news, CEO Stephen D. Steinour purchased 50,000 shares of the company’s stock in a transaction dated Thursday, May 18th. The shares were purchased at an average price of $12.40 per share, for a total transaction of $620,000.00. Following the transaction, the chief executive officer now owns 3,891,831 shares of the company’s stock, valued at $48,258,704.40. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Richard W. Neu purchased 2,450 shares of the company’s stock in a transaction dated Friday, July 28th. The stock was purchased at an average price of $13.10 per share, for a total transaction of $32,095.00. Following the transaction, the director now directly owns 184,596 shares in the company, valued at approximately $2,418,207.60. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 67,940 shares of company stock worth $852,226. 1.30% of the stock is owned by corporate insiders.

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.

Insider Buying and Selling by Quarter for Huntington Bancshares (NASDAQ:HBAN)

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