Huntington Bancshares (NASDAQ:HBAN) Receives Equal Weight Rating from Stephens

Huntington Bancshares (NASDAQ:HBAN)‘s stock had its “equal weight” rating restated by equities research analysts at Stephens in a research note issued to investors on Tuesday,Benzinga reports. They presently have a $18.50 price objective on the bank’s stock. Stephens’ target price suggests a potential upside of 8.54% from the stock’s previous close.

A number of other analysts also recently weighed in on HBAN. Keefe, Bruyette & Woods upped their target price on Huntington Bancshares from $16.00 to $19.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. Evercore ISI upped their price objective on shares of Huntington Bancshares from $17.00 to $18.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Sandler O’Neill reissued a “buy” rating on shares of Huntington Bancshares in a report on Friday, October 18th. DA Davidson upped their price target on shares of Huntington Bancshares from $16.50 to $17.50 and gave the stock a “buy” rating in a report on Monday, October 21st. Finally, The Goldman Sachs Group lifted their price objective on shares of Huntington Bancshares from $16.25 to $20.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. One analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $18.06.

Huntington Bancshares Stock Performance

Shares of Huntington Bancshares stock traded up $0.04 during trading on Tuesday, reaching $17.05. The company’s stock had a trading volume of 6,680,979 shares, compared to its average volume of 17,641,141. Huntington Bancshares has a 52 week low of $12.05 and a 52 week high of $18.44. The company has a quick ratio of 0.88, a current ratio of 0.89 and a debt-to-equity ratio of 0.92. The business’s 50-day moving average price is $17.05 and its 200-day moving average price is $15.51. The firm has a market cap of $24.76 billion, a PE ratio of 13.85, a P/E/G ratio of 2.65 and a beta of 1.07.

Huntington Bancshares (NASDAQ:HBAN) last announced its earnings results on Friday, January 17th. The bank reported $0.34 EPS for the quarter, topping the consensus estimate of $0.31 by $0.03. Huntington Bancshares had a net margin of 16.23% and a return on equity of 11.23%. During the same quarter in the previous year, the firm earned $0.27 EPS. Equities analysts forecast that Huntington Bancshares will post 1.36 earnings per share for the current year.

Insider Activity

In other news, CFO Zachary Jacob Wasserman sold 8,644 shares of the stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $17.63, for a total transaction of $152,393.72. Following the completion of the sale, the chief financial officer now directly owns 259,943 shares in the company, valued at $4,582,795.09. This represents a 3.22 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Helga Houston sold 6,455 shares of the company’s stock in a transaction on Wednesday, October 23rd. The shares were sold at an average price of $15.43, for a total transaction of $99,600.65. Following the sale, the insider now directly owns 558,342 shares in the company, valued at $8,615,217.06. This trade represents a 1.14 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 43,699 shares of company stock valued at $757,356. Insiders own 0.92% of the company’s stock.

Institutional Investors Weigh In On Huntington Bancshares

Several large investors have recently added to or reduced their stakes in HBAN. UMB Bank n.a. boosted its holdings in shares of Huntington Bancshares by 19.1% during the 3rd quarter. UMB Bank n.a. now owns 4,545 shares of the bank’s stock worth $67,000 after buying an additional 728 shares in the last quarter. Lantz Financial LLC boosted its stake in Huntington Bancshares by 6.1% during the fourth quarter. Lantz Financial LLC now owns 13,766 shares of the bank’s stock worth $224,000 after acquiring an additional 790 shares in the last quarter. Dillon & Associates Inc. grew its holdings in Huntington Bancshares by 5.9% in the third quarter. Dillon & Associates Inc. now owns 14,354 shares of the bank’s stock worth $215,000 after purchasing an additional 795 shares during the period. McGlone Suttner Wealth Management Inc. increased its stake in Huntington Bancshares by 7.2% in the fourth quarter. McGlone Suttner Wealth Management Inc. now owns 11,765 shares of the bank’s stock valued at $191,000 after purchasing an additional 795 shares in the last quarter. Finally, Integrated Wealth Concepts LLC raised its holdings in shares of Huntington Bancshares by 1.3% during the third quarter. Integrated Wealth Concepts LLC now owns 62,392 shares of the bank’s stock valued at $917,000 after purchasing an additional 800 shares during the period. Institutional investors and hedge funds own 80.72% of the company’s stock.

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.