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.
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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