Huntington Bancshares Incorporated (NASDAQ:HBAN) Announces $0.16 Quarterly Dividend

Huntington Bancshares Incorporated (NASDAQ:HBAN) declared a quarterly dividend on Friday, January 17th,RTT News reports. Investors of record on Tuesday, March 18th will be given a dividend of 0.155 per share by the bank on Tuesday, April 1st. This represents a $0.62 dividend on an annualized basis and a yield of 3.64%.

Huntington Bancshares has raised its dividend payment by an average of 0.8% annually over the last three years. Huntington Bancshares has a payout ratio of 39.7% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Huntington Bancshares to earn $1.36 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 45.6%.

Huntington Bancshares Trading Up 1.0 %

Shares of Huntington Bancshares stock traded up $0.17 on Friday, reaching $17.01. The company had a trading volume of 31,297,872 shares, compared to its average volume of 18,690,805. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.87 and a current ratio of 0.88. The firm’s 50 day moving average price is $17.07 and its two-hundred day moving average price is $15.43. Huntington Bancshares has a 52-week low of $12.02 and a 52-week high of $18.44. The firm has a market cap of $24.71 billion, a PE ratio of 16.36, a PEG ratio of 2.51 and a beta of 1.07.

Huntington Bancshares (NASDAQ:HBAN) last posted its quarterly earnings data on Friday, January 17th. The bank reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.03. Huntington Bancshares had a return on equity of 10.72% and a net margin of 14.19%. During the same quarter last year, the company earned $0.27 EPS. Sell-side analysts predict that Huntington Bancshares will post 1.22 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently issued reports on HBAN. The Goldman Sachs Group raised their price target on Huntington Bancshares from $16.25 to $20.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Evercore ISI boosted their target price on Huntington Bancshares from $17.00 to $18.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Barclays boosted their target price on shares of Huntington Bancshares from $17.00 to $19.00 and gave the stock an “equal weight” rating in a research report on Monday, January 6th. StockNews.com upgraded Huntington Bancshares from a “sell” rating to a “hold” rating in a report on Thursday, December 12th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $20.00 target price on shares of Huntington Bancshares in a report on Monday, December 23rd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $17.76.

Insider Buying and Selling

In other Huntington Bancshares news, CFO Zachary Jacob Wasserman sold 8,644 shares of Huntington Bancshares stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $17.63, for a total transaction of $152,393.72. Following the transaction, the chief financial officer now directly owns 259,943 shares of the company’s stock, valued at $4,582,795.09. The trade was a 3.22 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Helga Houston sold 6,455 shares of the stock in a transaction on Wednesday, October 23rd. The stock was sold at an average price of $15.43, for a total transaction of $99,600.65. Following the completion of the sale, the insider now directly owns 558,342 shares of the company’s stock, valued at $8,615,217.06. The trade was a 1.14 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 43,699 shares of company stock valued at $757,356. 0.92% of the stock is currently owned by company insiders.

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.