Huntington Bancshares (NASDAQ:HBAN) Raised to Hold at Wall Street Zen

Huntington Bancshares (NASDAQ:HBAN) was upgraded by equities researchers at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued to investors on Saturday.

A number of other analysts have also recently commented on the stock. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Huntington Bancshares from $20.00 to $21.00 and gave the stock a “buy” rating in a research note on Tuesday, September 30th. TD Cowen boosted their target price on shares of Huntington Bancshares from $22.00 to $23.00 and gave the stock a “buy” rating in a research note on Tuesday, October 28th. Keefe, Bruyette & Woods boosted their target price on shares of Huntington Bancshares from $19.00 to $20.00 and gave the stock a “market perform” rating in a research note on Monday, October 20th. JPMorgan Chase & Co. boosted their target price on shares of Huntington Bancshares from $18.00 to $18.50 and gave the stock an “overweight” rating in a research note on Friday, October 10th. Finally, Citigroup boosted their target price on shares of Huntington Bancshares from $20.00 to $21.00 and gave the stock a “buy” rating in a research note on Friday, September 19th. Two analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $19.82.

Huntington Bancshares Trading Up 0.8%

NASDAQ HBAN opened at $15.44 on Friday. Huntington Bancshares has a 1 year low of $11.91 and a 1 year high of $18.44. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.92 and a quick ratio of 0.91. The company has a fifty day moving average of $16.88 and a 200 day moving average of $16.32. The company has a market capitalization of $22.52 billion, a PE ratio of 10.80, a P/E/G ratio of 0.66 and a beta of 0.96.

Huntington Bancshares (NASDAQ:HBAN) last released its quarterly earnings data on Wednesday, June 11th. The bank reported $0.28 earnings per share for the quarter. Huntington Bancshares had a net margin of 18.06% and a return on equity of 12.14%. The company had revenue of $469.00 million during the quarter. Research analysts forecast that Huntington Bancshares will post 1.39 earnings per share for the current year.

Insiders Place Their Bets

In other Huntington Bancshares news, EVP Marcy C. Hingst sold 41,100 shares of the business’s stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $18.00, for a total value of $739,800.00. Following the transaction, the executive vice president directly owned 299,361 shares in the company, valued at $5,388,498. The trade was a 12.07% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.89% of the stock is owned by insiders.

Hedge Funds Weigh In On Huntington Bancshares

Several large investors have recently made changes to their positions in HBAN. Family Legacy Financial Solutions LLC acquired a new position in shares of Huntington Bancshares in the 2nd quarter worth approximately $25,000. MTM Investment Management LLC acquired a new position in shares of Huntington Bancshares in the 2nd quarter worth approximately $25,000. Quarry LP lifted its holdings in shares of Huntington Bancshares by 73.0% in the 1st quarter. Quarry LP now owns 1,929 shares of the bank’s stock worth $29,000 after acquiring an additional 814 shares during the last quarter. Catalyst Capital Advisors LLC acquired a new position in shares of Huntington Bancshares in the 2nd quarter worth approximately $30,000. Finally, Grey Fox Wealth Advisors LLC acquired a new position in shares of Huntington Bancshares in the 3rd quarter worth approximately $31,000. 80.72% of the stock is currently owned by institutional investors and hedge funds.

About Huntington Bancshares

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.