Huntington Bancshares Incorporated (NASDAQ:HBAN) announced a quarterly dividend on Friday, October 20th, RTT News reports. Investors of record on Monday, December 18th will be paid a dividend of 0.11 per share by the bank on Tuesday, January 2nd. This represents a $0.44 dividend on an annualized basis and a yield of 3.02%. The ex-dividend date of this dividend is Friday, December 15th. This is a positive change from Huntington Bancshares’s previous quarterly dividend of $0.08.
Shares of Huntington Bancshares (HBAN) opened at $14.58 on Thursday. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.88 and a quick ratio of 0.87. The company has a market cap of $16,008.81, a PE ratio of 15.43, a P/E/G ratio of 1.69 and a beta of 1.33. Huntington Bancshares has a 12-month low of $12.14 and a 12-month high of $14.93.
Huntington Bancshares (NASDAQ:HBAN) last issued its earnings results on Wednesday, October 25th. The bank reported $0.23 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.25 by ($0.02). Huntington Bancshares had a net margin of 20.76% and a return on equity of 11.96%. The company had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.10 billion. During the same period last year, the business posted $0.11 earnings per share. equities analysts forecast that Huntington Bancshares will post 0.98 EPS for the current year.
HBAN has been the subject of a number of research analyst reports. JMP Securities initiated coverage on shares of Huntington Bancshares in a report on Thursday, August 31st. They issued an “outperform” rating and a $15.00 target price for the company. Royal Bank of Canada reaffirmed a “buy” rating and issued a $16.00 target price on shares of Huntington Bancshares in a report on Friday, September 8th. Sanford C. Bernstein raised shares of Huntington Bancshares from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $15.00 to $17.00 in a research note on Thursday, September 14th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $14.25 price objective on shares of Huntington Bancshares in a research note on Friday, October 13th. Finally, Piper Jaffray Companies reissued a “buy” rating and set a $15.50 price objective on shares of Huntington Bancshares in a research note on Tuesday, October 17th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and ten have issued a buy rating to the stock. Huntington Bancshares has an average rating of “Buy” and a consensus target price of $15.63.
In other Huntington Bancshares news, insider Helga Houston sold 14,513 shares of Huntington Bancshares stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $13.77, for a total value of $199,844.01. Following the completion of the sale, the insider now directly owns 499,824 shares of the company’s stock, valued at approximately $6,882,576.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Daniel J. Neumeyer sold 43,491 shares of Huntington Bancshares stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $13.88, for a total transaction of $603,655.08. Following the completion of the sale, the executive vice president now directly owns 427,270 shares of the company’s stock, valued at $5,930,507.60. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by insiders.
COPYRIGHT VIOLATION WARNING: This piece was published by TrueBlueTribune and is the sole property of of TrueBlueTribune. If you are accessing this piece on another website, it was illegally copied and reposted in violation of international trademark & copyright legislation. The correct version of this piece can be accessed at https://www.truebluetribune.com/2017/12/14/huntington-bancshares-incorporated-hban-to-go-ex-dividend-on-december-15th.html.
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.
Receive News & Ratings for Huntington Bancshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Huntington Bancshares and related companies with MarketBeat.com's FREE daily email newsletter.