Huntington Bancshares Incorporated (NASDAQ:HBAN) had its price objective boosted by stock analysts at Nomura from $16.00 to $17.00 in a note issued to investors on Thursday, October 26th. The firm presently has a “buy” rating on the bank’s stock. Nomura’s price target would indicate a potential upside of 24.91% from the company’s previous close.
Other equities analysts have also issued research reports about the stock. Deutsche Bank AG reiterated a “buy” rating on shares of Huntington Bancshares in a report on Monday, July 3rd. Royal Bank Of Canada reissued a “buy” rating and set a $16.00 target price on shares of Huntington Bancshares in a research note on Friday, September 8th. Piper Jaffray Companies reissued a “buy” rating and set a $15.50 target price on shares of Huntington Bancshares in a research note on Tuesday, October 17th. JMP Securities began coverage on shares of Huntington Bancshares in a research note on Thursday, August 31st. They issued an “outperform” rating and a $15.00 price target for the company. Finally, Sanford C. Bernstein raised shares of Huntington Bancshares from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $15.00 to $17.00 in a research note on Thursday, September 14th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $15.22.
Huntington Bancshares (HBAN) opened at $13.61 on Thursday. The firm has a market cap of $14,441.44, a PE ratio of 13.92, a price-to-earnings-growth ratio of 1.52 and a beta of 1.34. The company has a quick ratio of 0.87, a current ratio of 0.88 and a debt-to-equity ratio of 0.96. Huntington Bancshares has a fifty-two week low of $11.64 and a fifty-two week high of $14.74.
Huntington Bancshares (NASDAQ:HBAN) last posted its quarterly earnings results on Wednesday, October 25th. The bank reported $0.23 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.25 by ($0.02). Huntington Bancshares had a return on equity of 11.96% and a net margin of 20.76%. The firm had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same quarter in the prior year, the business posted $0.11 EPS. equities research analysts anticipate that Huntington Bancshares will post 0.98 earnings per share for the current year.
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In related news, EVP Nicholas G. Stanutz sold 16,000 shares of the stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $12.71, for a total value of $203,360.00. Following the completion of the transaction, the executive vice president now directly owns 447,722 shares in the company, valued at approximately $5,690,546.62. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Daniel J. Neumeyer sold 43,491 shares of the firm’s stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $13.88, for a total transaction of $603,655.08. Following the sale, the executive vice president now owns 427,270 shares of the company’s stock, valued at $5,930,507.60. The disclosure for this sale can be found here. Insiders have sold a total of 74,004 shares of company stock valued at $1,006,859 in the last three months. 1.30% of the stock is currently owned by corporate insiders.
Large investors have recently added to or reduced their stakes in the business. Sun Life Financial INC increased its stake in Huntington Bancshares by 99,812.5% during the 2nd quarter. Sun Life Financial INC now owns 7,993 shares of the bank’s stock valued at $108,000 after purchasing an additional 7,985 shares in the last quarter. Chicago Partners Investment Group LLC purchased a new stake in shares of Huntington Bancshares during the 2nd quarter valued at about $134,000. Verition Fund Management LLC purchased a new stake in shares of Huntington Bancshares during the 2nd quarter valued at about $139,000. Bronfman E.L. Rothschild L.P. boosted its holdings in shares of Huntington Bancshares by 8.7% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 10,382 shares of the bank’s stock valued at $140,000 after acquiring an additional 834 shares during the last quarter. Finally, Foster & Motley Inc. boosted its holdings in shares of Huntington Bancshares by 2.2% during the 2nd quarter. Foster & Motley Inc. now owns 10,504 shares of the bank’s stock valued at $142,000 after acquiring an additional 224 shares during the last quarter. Institutional investors and hedge funds own 73.84% of the company’s stock.
About Huntington Bancshares
Huntington Bancshares Incorporated (Huntington) is a bank holding company. Through its subsidiaries, including its bank subsidiary, The Huntington National Bank (the Bank), the Company provides commercial and consumer banking services, mortgage banking services, automobile financing, recreational vehicle and marine financing, equipment leasing, investment management, trust services, brokerage services, insurance programs, and other financial products and services.
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