Analysts on average have given a price target of $14.67 to Huntington Bancshares Incorporated (HBAN) stock. The stock boasts a consensus analyst "Buy" rating with the consensus recommendation standing at 1.70. Stockholders of record on Monday, June 19th will be paid a $0.08 dividend. The overall volume in the last trading session was 4.64 million shares, versus the average volume of 5.50 million shares.
In taking a look at technical levels, shares are trading 16.19% away from the 50 day simple moving average and 57.02% away from the 200 day simple moving average.
Analysts' mean recommendation for Huntington Bancshares Incorporated (HBAN) stands at 2.30. Given that its average daily volume over the 30 days has been 11.11 million shares a day, this signifies a pretty significant change over the norm. After the recent moves, investors may also look to see if the stock has entered oversold or overbought territory and could be ripe for a bounce. We can't assume the past will always reflect the future, but logically stocks that have grown earnings per share strongly in the past are a good bet to continue to do so. The 52-Week High shows -14.02% with a 52-Week Low of 59.52%.
Price to Sale ratio of HBAN stands at 3.59 while Price to Book Ratio stands at 1.46.
The majority of analysts covering the equity have either a Buy or Strong Buy recommendation on the stock, yielding a consensus score of 2.30. Huntington Bancshares Incorporated highlighted its earnings failure in the latest quarter as it miss the Street's earnings consensus estimates of $0.21 by -$0.04. FMR LLC raised its position in shares of Huntington Bancshares by 10.7% in the fourth quarter. Analysts are projecting that the stock will reach $14.67 on a short term (1 year) basis. To make a proper assessment, investors seek a sound estimate of this year's and next year's earnings per share (EPS), as well as a strong sense of how much the company will earn even farther down the road. Wedbush also issued estimates for Huntington Bancshares' Q3 2017 earnings at $0.24 EPS, Q1 2018 earnings at $0.23 EPS, Q2 2018 earnings at $0.26 EPS, Q3 2018 earnings at $0.27 EPS and Q4 2018 earnings at $0.29 EPS. Zacks Investment Research raised shares of Huntington Bancshares from a "hold" rating to a "buy" rating and set a $12.00 target price for the company in a report on Wednesday, November 2nd. FBR & Co restated a "mkt perform" rating and set a $14.00 price target (down previously from $15.00) on shares of Huntington Bancshares in a research report on Thursday, April 20th. The stock's average target of $12.09 is -6.93% below today's ($12.99) share price. It has a dividend yield of 2.46%. Finally, Northern Trust Corp increased its position in Huntington Bancshares by 57.8% in the third quarter. The ex-dividend date of this dividend is Thursday, June 15th.
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In addition, the Board declared quarterly cash dividends on its four series of preferred stock. Huntington Bancshares's payout ratio is now 47.06%. Lakeview Capital Partners LLC purchased a new position in Huntington Bancshares during the third quarter valued at about $107,000. Huntington Bancshares Incorporated Regional - Midwest Banks holds an EPS of 0.68 that demonstrates an EPS growth this year at -13.00%.
In other news, insider Helga Houston sold 8,378 shares of Huntington Bancshares stock in a transaction dated Tuesday, November 29th. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. BlackRock Institutional Trust Company N.A. now owns 29,848,986 shares of the bank's stock valued at $294,311,000 after buying an additional 8,257,562 shares during the last quarter.
The dominant statistics will authorize the investment community to govern the size of Huntington Bancshares Incorporated compared to the sales or total assets figures. Through its subsidiaries, including its bank subsidiary, The Huntington National Bank (the Bank), the Company is engaged in providing commercial, small business, consumer banking services, mortgage banking services, automobile financing, equipment leasing, investment management, trust services, brokerage services, customized insurance programs, and other financial products and services.
A number of hedge funds and other institutional investors have recently made changes to their positions in HBAN.
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