Huntington Bancshares Incorpora (NASDAQ:HBAN).
On July 11 the company was upgraded to “Neutral” from “Market Perform” with a current price target of $9.50 in an announcement from FBR Capital. Equity analyst FBR Capital upgraded the stock and lowered the price target on July 11 changing the price objective from $10.50 to $9.50 and moving the rating from “Market Perform” to “Neutral”.
On July 7 JP Morgan held the company rating at “Neutral” and moved down the price target to $9.50 from $11.00. On May 26 the company was rated “Neutral” according to a Baird report down from the previous “Outperform” rating.
On April 21 the stock rating was downgraded from “” to “Hold” in a report from Evercore ISI Group.
The company is up since yesterday’s close of $9.61. The company also recently announced a dividend payable on Monday October 3rd, 2016. The dividend payment will be $0.070 per share for the quarter which is $0.28 annualized. The dividend yield will be $2.83. The ex-dividend date will be Thursday the 15th of September 2016.
Company shares last traded at $9.74 slightly over $9.74, the 50 day moving average and a tad above the 200 day moving average of $9.67. The 50 day moving average was up $0.00 and the 200 day average went up by +0.76%.
Huntington Bancshares Incorpora’s P/E ratio is 12.49 and market capitalization is 7.78B. As of the last earnings report the EPS was $0.78 and is projected to be $0.82 for the current year with 799,153,000 shares now outstanding. Next quarter’s EPS is expected be $0.20 with next year’s EPS projected to be $0.89.
Investors are more bullish on shares of the company of late if you look at the decrease in short interest. The firm recorded a fall in short interest from August 31, 2016 to September 15, 2016 of -0.02%. Short interest decreased from 20,959,189 to 20,554,928 over that period. The short-interest ratio increased to 1.5 and the percentage of shorted shares is 0.03% as of September 15.