News headlines about Huntington Bancshares (NASDAQ:HBAN) have trended somewhat positive recently, according to Alpha One Sentiment. The research group, a division of Accern, identifies negative and positive media coverage by analyzing more than 20 million blog and news sources in real time. Alpha One ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Huntington Bancshares earned a media sentiment score of 0.17 on Alpha One’s scale. Alpha One also assigned news stories about the bank an impact score of 84 out of 100, indicating that recent media coverage is very likely to have an impact on the company’s share price in the near future.
These are some of the news stories that may have effected Alpha One Sentiment’s rankings:
- Q3 2017 Earnings Forecast for Huntington Bancshares Incorporated (HBAN) Issued By FBR & Co (americanbankingnews.com)
- Huntington Bancshares (NASDAQ:HBAN) Releases More Than Its Own Expectations In Retaining Former Customers Of FirstMerit Bank (emarketsdaily.com)
- Q2 2017 EPS Estimates for Huntington Bancshares Incorporated Lowered by Wedbush (HBAN) (americanbankingnews.com)
- Huntington Bancshares Named Top Dividend Stock With Insider Buying and 2.55% Yield (HBAN) (nasdaq.com)
- Huntington Bancshares (HBAN) Given Media Impact Rating of 0.02 (americanbankingnews.com)
Huntington Bancshares (NASDAQ:HBAN) traded down 0.983% on Friday, reaching $12.595. The company had a trading volume of 428,524 shares. The firm has a market capitalization of $13.68 billion, a price-to-earnings ratio of 17.993 and a beta of 1.24. The stock’s 50-day moving average price is $13.42 and its 200 day moving average price is $12.68. Huntington Bancshares has a 52-week low of $8.05 and a 52-week high of $14.74.
Huntington Bancshares (NASDAQ:HBAN) last posted its quarterly earnings results on Wednesday, April 19th. The bank reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by $0.01. The company earned $1.05 billion during the quarter, compared to analyst estimates of $1.04 billion. Huntington Bancshares had a return on equity of 11.09% and a net margin of 18.11%. The business’s revenue for the quarter was up 39.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.20 earnings per share. On average, equities analysts anticipate that Huntington Bancshares will post $0.96 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, July 3rd. Shareholders of record on Monday, June 19th will be given a $0.08 dividend. The ex-dividend date of this dividend is Thursday, June 15th. This represents a $0.32 annualized dividend and a yield of 2.52%. Huntington Bancshares’s dividend payout ratio is 47.06%.
A number of equities analysts have commented on the company. Zacks Investment Research cut Huntington Bancshares from a “buy” rating to a “hold” rating in a report on Wednesday, April 12th. FBR & Co reduced their target price on Huntington Bancshares from $15.00 to $14.00 and set a “mkt perform” rating for the company in a report on Thursday. Hilliard Lyons cut Huntington Bancshares from a “buy” rating to a “neutral” rating in a report on Thursday, January 26th. Deutsche Bank AG reissued a “buy” rating on shares of Huntington Bancshares in a report on Friday, December 23rd. Finally, Keefe, Bruyette & Woods set a $14.00 price target on Huntington Bancshares and gave the company a “hold” rating in a report on Monday, April 3rd. Ten analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. Huntington Bancshares currently has a consensus rating of “Buy” and an average target price of $13.96.
In related news, Director John C. Inglis purchased 7,142 shares of the firm’s stock in a transaction on Tuesday, February 28th. The shares were bought at an average cost of $14.06 per share, for a total transaction of $100,416.52. Following the transaction, the director now directly owns 7,142 shares of the company’s stock, valued at approximately $100,416.52. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.65% of the company’s stock.
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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