Several other research firms also recently weighed in on HBAN. ValuEngine upgraded Huntington Bancshares from a hold rating to a buy rating in a research note on Thursday, March 1st. Keefe, Bruyette & Woods restated a hold rating and issued a $17.00 price target on shares of Huntington Bancshares in a research note on Tuesday, February 27th. Zacks Investment Research downgraded Huntington Bancshares from a buy rating to a hold rating in a research note on Tuesday, February 13th. BidaskClub upgraded Huntington Bancshares from a hold rating to a buy rating in a research note on Friday, December 22nd. Finally, Piper Jaffray Companies restated a buy rating and issued a $17.00 price target on shares of Huntington Bancshares in a research note on Tuesday, January 9th. Nine research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. Huntington Bancshares presently has an average rating of Buy and an average price target of $16.76.
Shares of HBAN stock opened at $15.80 on Wednesday. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.88 and a quick ratio of 0.87. The firm has a market capitalization of $17,449.98, a P/E ratio of 16.15, a P/E/G ratio of 1.20 and a beta of 1.33. Huntington Bancshares has a 52 week low of $12.14 and a 52 week high of $16.60.
The company also recently declared a quarterly dividend, which will be paid on Monday, April 2nd. Stockholders of record on Monday, March 19th will be issued a dividend of $0.11 per share. The ex-dividend date is Friday, March 16th. This represents a $0.44 annualized dividend and a dividend yield of 2.78%. Huntington Bancshares’s payout ratio is 44.00%.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. lifted its holdings in shares of Huntington Bancshares by 0.3% during the 4th quarter. BlackRock Inc. now owns 68,403,363 shares of the bank’s stock valued at $995,953,000 after buying an additional 221,404 shares during the period. Capital International Investors lifted its holdings in shares of Huntington Bancshares by 13.2% during the 3rd quarter. Capital International Investors now owns 49,719,215 shares of the bank’s stock valued at $694,080,000 after buying an additional 5,800,000 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in shares of Huntington Bancshares by 4.5% during the 4th quarter. The Manufacturers Life Insurance Company now owns 14,756,634 shares of the bank’s stock valued at $214,857,000 after buying an additional 641,856 shares during the period. TIAA CREF Investment Management LLC lifted its holdings in shares of Huntington Bancshares by 7.7% during the 4th quarter. TIAA CREF Investment Management LLC now owns 13,072,787 shares of the bank’s stock valued at $190,340,000 after buying an additional 935,915 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in shares of Huntington Bancshares by 2.1% during the 4th quarter. Geode Capital Management LLC now owns 12,108,854 shares of the bank’s stock valued at $175,960,000 after buying an additional 251,349 shares during the period. 73.91% of the stock is currently owned by hedge funds and other institutional investors.
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About Huntington Bancshares
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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