Huntington Bancshares (NASDAQ:HBAN) Stock Price Expected to Rise, Jefferies Financial Group Analyst Says

Huntington Bancshares (NASDAQ:HBAN) had its target price upped by Jefferies Financial Group from $21.00 to $22.00 in a research report report published on Wednesday morning,MarketScreener reports. They currently have a buy rating on the bank’s stock.

A number of other research firms have also recently weighed in on HBAN. Raymond James Financial reaffirmed a “strong-buy” rating and set a $21.00 target price (up previously from $18.00) on shares of Huntington Bancshares in a research note on Tuesday, July 8th. Citigroup boosted their target price on shares of Huntington Bancshares from $20.00 to $21.00 and gave the stock a “buy” rating in a research note on Friday, September 19th. Truist Financial boosted their target price on shares of Huntington Bancshares from $19.00 to $20.00 and gave the stock a “buy” rating in a research note on Friday, September 12th. Wall Street Zen lowered shares of Huntington Bancshares from a “hold” rating to a “sell” rating in a report on Sunday, July 13th. Finally, DA Davidson lifted their price target on shares of Huntington Bancshares from $18.00 to $20.00 and gave the stock a “buy” rating in a report on Monday, July 21st. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $18.89.

Huntington Bancshares Stock Performance

NASDAQ HBAN opened at $17.42 on Wednesday. The firm’s fifty day moving average price is $17.07 and its two-hundred day moving average price is $15.93. The stock has a market cap of $25.41 billion, a PE ratio of 12.90, a PEG ratio of 0.84 and a beta of 0.97. Huntington Bancshares has a fifty-two week low of $11.91 and a fifty-two week high of $18.44. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.89 and a current ratio of 0.89.

Huntington Bancshares Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Wednesday, September 17th will be issued a $0.155 dividend. The ex-dividend date is Wednesday, September 17th. This represents a $0.62 annualized dividend and a yield of 3.6%. Huntington Bancshares’s payout ratio is presently 45.93%.

Insider Transactions at Huntington Bancshares

In related news, EVP Marcy C. Hingst sold 41,100 shares of the business’s stock in a transaction on Friday, September 5th. The shares were sold at an average price of $18.00, for a total value of $739,800.00. Following the transaction, the executive vice president owned 299,361 shares in the company, valued at $5,388,498. The trade was a 12.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.89% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Huntington Bancshares

Several hedge funds and other institutional investors have recently bought and sold shares of HBAN. Vise Technologies Inc. lifted its holdings in Huntington Bancshares by 22.8% in the fourth quarter. Vise Technologies Inc. now owns 17,814 shares of the bank’s stock valued at $290,000 after buying an additional 3,313 shares during the period. Toronto Dominion Bank lifted its holdings in Huntington Bancshares by 96.1% in the fourth quarter. Toronto Dominion Bank now owns 1,410,495 shares of the bank’s stock valued at $22,949,000 after buying an additional 691,257 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Huntington Bancshares in the fourth quarter valued at $12,500,000. Park Square Financial Group LLC acquired a new position in Huntington Bancshares in the fourth quarter valued at $96,000. Finally, NorthCrest Asset Manangement LLC lifted its holdings in Huntington Bancshares by 7.7% in the fourth quarter. NorthCrest Asset Manangement LLC now owns 12,013 shares of the bank’s stock valued at $195,000 after buying an additional 856 shares during the period. Institutional investors and hedge funds own 80.72% of the company’s stock.

Huntington Bancshares Company Profile

Huntington Bancshares Incorporated operates as the bank holding company for The Huntington National Bank that provides commercial, consumer, and mortgage banking services in the United States. The company offers financial products and services to consumer and business customers, including deposits, lending, payments, mortgage banking, dealer financing, investment management, trust, brokerage, insurance, and other financial products and services.