Huntington Bancshares (NASDAQ:HBAN) PT Raised to $17.00

Huntington Bancshares (NASDAQ:HBAN) had its target price hoisted by analysts at Barclays from $15.00 to $17.00 in a research note issued to investors on Friday, Benzinga reports. The firm currently has an “equal weight” rating on the bank’s stock. Barclays‘s price objective suggests a potential upside of 11.26% from the stock’s previous close.

Other equities analysts have also recently issued research reports about the company. Jefferies Financial Group cut their price objective on Huntington Bancshares from $16.00 to $15.00 and set a “buy” rating for the company in a research report on Wednesday, July 3rd. StockNews.com lowered Huntington Bancshares from a “hold” rating to a “sell” rating in a report on Monday, September 2nd. Argus upped their target price on Huntington Bancshares from $15.00 to $16.00 and gave the company a “buy” rating in a research note on Monday, July 22nd. Keefe, Bruyette & Woods reduced their price objective on shares of Huntington Bancshares from $15.00 to $14.50 and set a “market perform” rating for the company in a report on Tuesday, July 9th. Finally, Bank of America upped their target price on shares of Huntington Bancshares from $15.00 to $17.00 and gave the company a “buy” rating in a research note on Monday, July 22nd. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Huntington Bancshares currently has a consensus rating of “Moderate Buy” and an average target price of $15.91.

Huntington Bancshares Stock Down 1.0 %

NASDAQ:HBAN traded down $0.15 during mid-day trading on Friday, reaching $15.28. The stock had a trading volume of 4,237,137 shares, compared to its average volume of 16,177,128. The stock has a market cap of $22.14 billion, a P/E ratio of 13.78, a PEG ratio of 2.77 and a beta of 1.04. The business’s 50 day moving average is $14.53 and its 200 day moving average is $13.92. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.89 and a quick ratio of 0.88. Huntington Bancshares has a fifty-two week low of $9.25 and a fifty-two week high of $16.03.

Huntington Bancshares (NASDAQ:HBAN) last announced its quarterly earnings results on Thursday, October 17th. The bank reported $0.33 EPS for the quarter, topping the consensus estimate of $0.30 by $0.03. Huntington Bancshares had a net margin of 14.77% and a return on equity of 11.34%. The company had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.86 billion. During the same quarter in the prior year, the business posted $0.36 EPS. As a group, sell-side analysts predict that Huntington Bancshares will post 1.18 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Kendall A. Kowalski sold 5,747 shares of Huntington Bancshares stock in a transaction that occurred on Wednesday, July 24th. The shares were sold at an average price of $14.98, for a total transaction of $86,090.06. Following the sale, the insider now directly owns 65,899 shares of the company’s stock, valued at approximately $987,167.02. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, VP Brendan A. Lawlor sold 9,050 shares of the stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $15.06, for a total transaction of $136,293.00. Following the transaction, the vice president now owns 11,111 shares of the company’s stock, valued at $167,331.66. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Kendall A. Kowalski sold 5,747 shares of the stock in a transaction that occurred on Wednesday, July 24th. The stock was sold at an average price of $14.98, for a total value of $86,090.06. Following the completion of the transaction, the insider now owns 65,899 shares in the company, valued at approximately $987,167.02. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 116,622 shares of company stock worth $1,762,904 over the last ninety days. Corporate insiders own 0.89% of the company’s stock.

Institutional Trading of Huntington Bancshares

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Asset Dedication LLC grew its stake in shares of Huntington Bancshares by 200.7% in the 3rd quarter. Asset Dedication LLC now owns 1,801 shares of the bank’s stock worth $26,000 after acquiring an additional 1,202 shares in the last quarter. Future Financial Wealth Managment LLC bought a new stake in shares of Huntington Bancshares during the 1st quarter worth $29,000. Peoples Bank KS purchased a new position in shares of Huntington Bancshares in the 3rd quarter worth about $29,000. Hazlett Burt & Watson Inc. boosted its stake in Huntington Bancshares by 695.5% in the second quarter. Hazlett Burt & Watson Inc. now owns 2,291 shares of the bank’s stock valued at $30,000 after acquiring an additional 2,003 shares during the last quarter. Finally, Register Financial Advisors LLC bought a new position in Huntington Bancshares during the first quarter valued at $40,000. 80.72% of the stock is owned by institutional investors.

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.