Huntington Bancshares Incorporated (NASDAQ:HBAN) Declares $0.14 Quarterly Dividend

Huntington Bancshares Incorporated (NASDAQ:HBAN) announced a quarterly dividend on Tuesday, April 23rd, Wall Street Journal reports. Stockholders of record on Monday, June 17th will be given a dividend of 0.14 per share by the bank on Monday, July 1st. This represents a $0.56 annualized dividend and a dividend yield of 4.05%. The ex-dividend date of this dividend is Friday, June 14th.

Huntington Bancshares has raised its dividend by an average of 25.1% per year over the last three years and has raised its dividend every year for the last 6 years. Huntington Bancshares has a dividend payout ratio of 45.2% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Huntington Bancshares to earn $1.40 per share next year, which means the company should continue to be able to cover its $0.56 annual dividend with an expected future payout ratio of 40.0%.

Shares of HBAN remained flat at $$13.82 during trading hours on Monday. 10,341,345 shares of the stock traded hands, compared to its average volume of 12,229,707. The stock’s 50 day simple moving average is $13.29. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.90 and a quick ratio of 0.89. Huntington Bancshares has a fifty-two week low of $11.12 and a fifty-two week high of $16.52. The company has a market capitalization of $14.46 billion, a PE ratio of 11.52, a PEG ratio of 1.16 and a beta of 1.38.

Huntington Bancshares (NASDAQ:HBAN) last posted its earnings results on Thursday, April 25th. The bank reported $0.32 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.32. Huntington Bancshares had a net margin of 26.24% and a return on equity of 14.20%. The business had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.16 billion. During the same quarter in the prior year, the firm earned $0.28 EPS. The firm’s quarterly revenue was up 5.2% compared to the same quarter last year. Analysts anticipate that Huntington Bancshares will post 1.32 EPS for the current fiscal year.

Several research firms have recently weighed in on HBAN. Zacks Investment Research raised shares of Huntington Bancshares from a “sell” rating to a “hold” rating in a report on Monday, May 6th. ValuEngine upgraded shares of Huntington Bancshares from a “sell” rating to a “hold” rating in a research report on Friday, May 3rd. BidaskClub upgraded shares of Huntington Bancshares from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 11th. Finally, Argus started coverage on shares of Huntington Bancshares in a research report on Friday, May 31st. They set a “hold” rating on the stock. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the company. Huntington Bancshares has an average rating of “Hold” and a consensus target price of $16.10.

In other Huntington Bancshares news, EVP Mark E. Thompson sold 20,000 shares of the company’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $13.97, for a total transaction of $279,400.00. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Richard Remiker sold 18,386 shares of the company’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $14.02, for a total transaction of $257,771.72. Following the transaction, the executive vice president now owns 357,085 shares in the company, valued at $5,006,331.70. The disclosure for this sale can be found here. In the last quarter, insiders have sold 72,158 shares of company stock worth $978,909. 1.22% of the stock is owned by corporate insiders.

About Huntington Bancshares

Huntington Bancshares Incorporated operates as a holding company for The Huntington National Bank that provides commercial, small business, consumer, and mortgage banking services. The company operates through four business segments: Consumer and Business Banking, Commercial Banking, Vehicle Finance, and Regional Banking and The Huntington Private Client Group (RBHPCG).

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Dividend History for Huntington Bancshares (NASDAQ:HBAN)

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