Huntington Bancshares Incorporated (NASDAQ:HBAN) announced a quarterly dividend on Tuesday, January 23rd, RTT News reports. Stockholders of record on Monday, March 19th will be paid a dividend of 0.11 per share by the bank on Monday, April 2nd. This represents a $0.44 annualized dividend and a dividend yield of 3.00%. The ex-dividend date of this dividend is Friday, March 16th.
Shares of Huntington Bancshares stock traded down $0.43 during midday trading on Monday, hitting $14.67. The company’s stock had a trading volume of 8,458,795 shares, compared to its average volume of 10,500,268. The stock has a market cap of $16,645.27, a PE ratio of 14.97, a price-to-earnings-growth ratio of 1.14 and a beta of 1.33. The company has a quick ratio of 0.87, a current ratio of 0.88 and a debt-to-equity ratio of 0.94. Huntington Bancshares has a 1-year low of $12.14 and a 1-year high of $16.60.
Huntington Bancshares (NASDAQ:HBAN) last issued its earnings results on Tuesday, January 23rd. The bank reported $0.26 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.26. The business had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.10 billion. Huntington Bancshares had a return on equity of 12.12% and a net margin of 25.02%. During the same quarter last year, the firm posted $0.18 earnings per share. analysts expect that Huntington Bancshares will post 1.21 EPS for the current fiscal year.
A number of research firms recently issued reports on HBAN. BidaskClub cut Huntington Bancshares from a “strong-buy” rating to a “buy” rating in a research report on Thursday, March 1st. Zacks Investment Research raised Huntington Bancshares from a “hold” rating to a “strong-buy” rating and set a $17.00 price objective for the company in a research report on Tuesday, January 9th. Hilliard Lyons cut Huntington Bancshares from a “buy” rating to a “neutral” rating and set a $17.00 price objective for the company. in a research report on Wednesday, January 24th. Barclays lifted their price objective on Huntington Bancshares from $14.00 to $17.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 2nd. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and set a $16.25 price objective on shares of Huntington Bancshares in a research report on Friday, December 22nd. Eight equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $16.93.
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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.
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