Huntington Bancshares (NASDAQ:HBAN) Rating Reiterated by Stephens

Huntington Bancshares (NASDAQ:HBANGet Free Report)‘s stock had its “equal weight” rating reiterated by investment analysts at Stephens in a report issued on Monday, Benzinga reports. They presently have a $15.00 price objective on the bank’s stock. Stephens’ price objective points to a potential upside of 10.29% from the company’s previous close.

HBAN has been the topic of several other reports. StockNews.com lowered Huntington Bancshares from a “hold” rating to a “sell” rating in a research report on Friday, December 29th. DA Davidson raised Huntington Bancshares from a “neutral” rating to a “buy” rating and increased their target price for the stock from $14.00 to $15.50 in a research report on Tuesday, February 27th. Evercore ISI increased their target price on Huntington Bancshares from $15.00 to $16.00 and gave the stock an “outperform” rating in a research report on Thursday, March 28th. The Goldman Sachs Group raised their price objective on Huntington Bancshares from $12.50 to $14.00 and gave the company a “buy” rating in a research report on Monday, December 18th. Finally, Royal Bank of Canada raised their price objective on Huntington Bancshares from $12.00 to $15.00 and gave the company an “outperform” rating in a research report on Monday, December 18th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $13.84.

Read Our Latest Analysis on HBAN

Huntington Bancshares Trading Down 0.9 %

Shares of Huntington Bancshares stock opened at $13.60 on Monday. Huntington Bancshares has a fifty-two week low of $9.13 and a fifty-two week high of $13.97. The firm has a market cap of $19.72 billion, a PE ratio of 10.97 and a beta of 1.11. The business’s fifty day moving average is $13.07 and its two-hundred day moving average is $11.87. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.73.

Huntington Bancshares (NASDAQ:HBANGet Free Report) last issued its quarterly earnings results on Friday, January 19th. The bank reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.15. Huntington Bancshares had a return on equity of 12.96% and a net margin of 18.00%. The company had revenue of $2.76 billion for the quarter, compared to analyst estimates of $1.75 billion. During the same quarter in the prior year, the company posted $0.43 EPS. Analysts anticipate that Huntington Bancshares will post 1.21 earnings per share for the current year.

Insider Activity

In other news, insider Helga Houston sold 28,700 shares of the firm’s stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $13.17, for a total transaction of $377,979.00. Following the completion of the sale, the insider now directly owns 568,222 shares in the company, valued at $7,483,483.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, VP Julie C. Tutkovics sold 15,541 shares of Huntington Bancshares stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $12.68, for a total value of $197,059.88. Following the completion of the transaction, the vice president now directly owns 303,455 shares in the company, valued at $3,847,809.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Helga Houston sold 28,700 shares of Huntington Bancshares stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $13.17, for a total value of $377,979.00. Following the completion of the transaction, the insider now owns 568,222 shares of the company’s stock, valued at $7,483,483.74. The disclosure for this sale can be found here. Insiders sold 102,241 shares of company stock worth $1,360,359 over the last ninety days. Corporate insiders own 0.92% of the company’s stock.

Hedge Funds Weigh In On Huntington Bancshares

A number of hedge funds have recently bought and sold shares of HBAN. Tyler Stone Wealth Management acquired a new position in Huntington Bancshares in the second quarter worth about $25,000. Wetzel Investment Advisors Inc. bought a new position in Huntington Bancshares in the fourth quarter worth about $29,000. Nemes Rush Group LLC lifted its holdings in Huntington Bancshares by 140.9% in the fourth quarter. Nemes Rush Group LLC now owns 2,378 shares of the bank’s stock worth $30,000 after acquiring an additional 1,391 shares during the last quarter. Clear Street Markets LLC lifted its holdings in Huntington Bancshares by 81.6% in the first quarter. Clear Street Markets LLC now owns 2,831 shares of the bank’s stock worth $32,000 after acquiring an additional 1,272 shares during the last quarter. Finally, Planned Solutions Inc. bought a new position in Huntington Bancshares in the fourth quarter worth about $33,000. 80.72% of the stock is currently owned by institutional investors and hedge funds.

Huntington Bancshares Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Huntington Bancshares (NASDAQ:HBAN)

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