Huntington Bancshares Incorporated (HBAN) To Go Ex-Dividend on December 18th

Huntington Bancshares Incorporated (NASDAQ:HBAN) declared a quarterly dividend on Thursday, October 17th,RTT News reports. Shareholders of record on Wednesday, December 18th will be given a dividend of 0.155 per share by the bank on Thursday, January 2nd. This represents a $0.62 dividend on an annualized basis and a yield of 3.61%. The ex-dividend date of this dividend is Wednesday, December 18th.

Huntington Bancshares has increased its dividend payment by an average of 1.1% annually over the last three years. Huntington Bancshares has a payout ratio of 46.3% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Huntington Bancshares to earn $1.34 per share next year, which means the company should continue to be able to cover its $0.62 annual dividend with an expected future payout ratio of 46.3%.

Huntington Bancshares Price Performance

HBAN stock opened at $17.17 on Monday. Huntington Bancshares has a one year low of $12.02 and a one year high of $18.44. The firm has a 50 day simple moving average of $16.65 and a two-hundred day simple moving average of $14.86. The stock has a market cap of $24.94 billion, a PE ratio of 16.51, a P/E/G ratio of 3.47 and a beta of 1.06. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.88 and a quick ratio of 0.87.

Huntington Bancshares (NASDAQ:HBAN) last announced its quarterly earnings data on Thursday, October 17th. The bank reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.03. The company had revenue of $1.89 billion during the quarter, compared to analysts’ expectations of $1.86 billion. Huntington Bancshares had a net margin of 14.19% and a return on equity of 10.72%. During the same quarter in the prior year, the company earned $0.36 EPS. On average, analysts predict that Huntington Bancshares will post 1.21 EPS for the current fiscal year.

Insider Activity at Huntington Bancshares

In other news, insider Helga Houston sold 6,455 shares of the business’s stock in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of $15.43, for a total transaction of $99,600.65. Following the sale, the insider now owns 558,342 shares in the company, valued at approximately $8,615,217.06. The trade was a 1.14 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Zachary Jacob Wasserman sold 8,644 shares of the business’s stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $17.63, for a total transaction of $152,393.72. Following the sale, the chief financial officer now directly owns 259,943 shares in the company, valued at approximately $4,582,795.09. This represents a 3.22 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 43,699 shares of company stock valued at $757,356 over the last ninety days. 0.89% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Royal Bank of Canada restated an “outperform” rating and set a $20.00 price objective on shares of Huntington Bancshares in a research note on Thursday. StockNews.com upgraded shares of Huntington Bancshares from a “sell” rating to a “hold” rating in a research report on Thursday. Barclays increased their target price on Huntington Bancshares from $15.00 to $17.00 and gave the company an “equal weight” rating in a report on Friday, October 18th. Keefe, Bruyette & Woods lifted their price target on shares of Huntington Bancshares from $16.00 to $19.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th. Finally, JPMorgan Chase & Co. reiterated an “overweight” rating and issued a $20.00 price target (up from $18.50) on shares of Huntington Bancshares in a research report on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $17.41.

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.