Huntington Bancshares (NASDAQ:HBAN)‘s stock had its “buy” rating restated by investment analysts at Piper Jaffray Companies in a research report issued on Tuesday. They presently have a $17.00 target price on the bank’s stock. Piper Jaffray Companies’ price target indicates a potential upside of 8.77% from the stock’s previous close.
HBAN has been the topic of a number of other reports. Vining Sparks reaffirmed a “buy” rating and issued a $19.00 target price on shares of Huntington Bancshares in a research report on Monday. BidaskClub raised shares of Huntington Bancshares from a “hold” rating to a “buy” rating in a research report on Friday, December 22nd. Morgan Stanley upped their target price on shares of Huntington Bancshares from $14.50 to $16.50 and gave the stock an “equal weight” rating in a research report on Wednesday, December 13th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $16.25 target price on shares of Huntington Bancshares in a research report on Friday, December 22nd. Finally, Robert W. Baird reaffirmed a “hold” rating and issued a $16.00 target price on shares of Huntington Bancshares in a research report on Wednesday, January 3rd. Six equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $16.31.
Shares of Huntington Bancshares (NASDAQ:HBAN) traded up $0.15 during trading on Tuesday, reaching $15.63. 6,843,742 shares of the company’s stock were exchanged, compared to its average volume of 10,987,238. The company has a current ratio of 0.88, a quick ratio of 0.87 and a debt-to-equity ratio of 0.96. The stock has a market cap of $16,900.00, a P/E ratio of 18.83, a P/E/G ratio of 1.52 and a beta of 1.33. Huntington Bancshares has a fifty-two week low of $12.14 and a fifty-two week high of $15.69.
Huntington Bancshares (NASDAQ:HBAN) last issued its quarterly earnings data on Wednesday, October 25th. The bank reported $0.23 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.25 by ($0.02). The company had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.10 billion. Huntington Bancshares had a net margin of 25.22% and a return on equity of 10.68%. During the same period in the previous year, the firm posted $0.11 earnings per share. sell-side analysts expect that Huntington Bancshares will post 0.98 EPS for the current fiscal year.
In related news, EVP Daniel J. Neumeyer sold 43,491 shares of the 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 directly owns 427,270 shares of the company’s stock, valued at approximately $5,930,507.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Helga Houston sold 14,513 shares of the stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $13.77, for a total transaction of $199,844.01. Following the sale, the insider now directly owns 499,824 shares in the company, valued at $6,882,576.48. The disclosure for this sale can be found here. Corporate insiders own 1.30% of the company’s stock.
Hedge funds have recently made changes to their positions in the stock. Nationwide Fund Advisors lifted its stake in Huntington Bancshares by 430.6% during the 2nd quarter. Nationwide Fund Advisors now owns 1,620,866 shares of the bank’s stock valued at $21,914,000 after acquiring an additional 1,315,390 shares during the period. Rhumbline Advisers lifted its stake in Huntington Bancshares by 2.9% during the 3rd quarter. Rhumbline Advisers now owns 2,072,978 shares of the bank’s stock valued at $28,939,000 after acquiring an additional 58,161 shares during the period. BNP Paribas Arbitrage SA lifted its stake in Huntington Bancshares by 39.6% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 723,671 shares of the bank’s stock valued at $10,102,000 after acquiring an additional 205,325 shares during the period. Toronto Dominion Bank lifted its stake in Huntington Bancshares by 25.4% during the 2nd quarter. Toronto Dominion Bank now owns 369,480 shares of the bank’s stock valued at $4,994,000 after acquiring an additional 74,932 shares during the period. Finally, Capital International Investors lifted its stake in Huntington Bancshares by 13.2% during the 3rd quarter. Capital International Investors now owns 49,719,215 shares of the bank’s stock valued at $694,080,000 after acquiring an additional 5,800,000 shares during the period. 73.53% of the stock is currently owned by institutional investors.
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Huntington Bancshares Company Profile
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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