Huntington Bancshares (NASDAQ:HBAN) was downgraded by equities research analysts at BidaskClub from a “buy” rating to a “hold” rating in a note issued to investors on Friday.
Other equities analysts have also issued research reports about the stock. Zacks Investment Research upgraded shares of Huntington Bancshares from a “hold” rating to a “strong-buy” rating and set a $17.00 price target on the stock in a report on Tuesday, January 9th. BMO Capital Markets lowered shares of Huntington Bancshares from an “outperform” rating to a “market perform” rating and set a $16.00 price target on the stock. in a report on Thursday, October 26th. Barclays lifted their price target on shares of Huntington Bancshares from $14.00 to $17.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 2nd. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $16.25 price target on shares of Huntington Bancshares in a report on Friday, December 22nd. Finally, Piper Jaffray Companies reiterated a “buy” rating and set a $15.50 price target on shares of Huntington Bancshares in a report on Tuesday, October 17th. Seven research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $16.31.
Huntington Bancshares (HBAN) opened at $15.81 on Friday. The company has a market cap of $17,089.76, a price-to-earnings ratio of 19.52, a PEG ratio of 1.24 and a beta of 1.34. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.87 and a current ratio of 0.88. Huntington Bancshares has a fifty-two week low of $12.14 and a fifty-two week high of $16.00.
Huntington Bancshares (NASDAQ:HBAN) last issued its quarterly earnings results on Wednesday, October 25th. The bank reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.02). The business had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.10 billion. Huntington Bancshares had a return on equity of 11.96% and a net margin of 20.76%. During the same quarter last year, the firm posted $0.11 EPS. research analysts forecast that Huntington Bancshares will post 0.98 EPS for the current year.
In other Huntington Bancshares news, insider Helga Houston sold 14,513 shares of Huntington Bancshares stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $13.77, for a total value of $199,844.01. Following the completion of the sale, the insider now directly owns 499,824 shares of the company’s stock, valued at $6,882,576.48. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Daniel J. Neumeyer sold 43,491 shares of Huntington Bancshares stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $13.88, for a total transaction of $603,655.08. Following the completion of the sale, the executive vice president now directly owns 427,270 shares of the company’s stock, valued at $5,930,507.60. The disclosure for this sale can be found here. 1.30% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of HBAN. Schroder Investment Management Group bought a new stake in Huntington Bancshares in the second quarter valued at $227,000. Riverhead Capital Management LLC increased its stake in Huntington Bancshares by 15.0% in the second quarter. Riverhead Capital Management LLC now owns 25,593 shares of the bank’s stock valued at $346,000 after purchasing an additional 3,345 shares in the last quarter. Quantitative Investment Management LLC increased its stake in Huntington Bancshares by 827.1% in the second quarter. Quantitative Investment Management LLC now owns 715,700 shares of the bank’s stock valued at $9,676,000 after purchasing an additional 638,500 shares in the last quarter. UBS Asset Management Americas Inc. increased its stake in Huntington Bancshares by 7.7% in the second quarter. UBS Asset Management Americas Inc. now owns 2,964,755 shares of the bank’s stock valued at $40,083,000 after purchasing an additional 212,376 shares in the last quarter. Finally, D.A. Davidson & CO. increased its stake in Huntington Bancshares by 171.7% in the second quarter. D.A. Davidson & CO. now owns 13,800 shares of the bank’s stock valued at $186,000 after purchasing an additional 8,720 shares in the last quarter. 73.70% of the stock is owned by hedge funds and other 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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