Huntington Bancshares (NASDAQ:HBAN) Upgraded to Buy at BidaskClub

Huntington Bancshares (NASDAQ:HBAN) was upgraded by equities researchers at BidaskClub from a “hold” rating to a “buy” rating in a note issued to investors on Wednesday, January 10th.

Several other brokerages have also recently weighed in on HBAN. Morgan Stanley lifted their price objective on shares of Huntington Bancshares from $14.50 to $16.50 and gave the stock an “equal weight” rating in a research note on Wednesday, December 13th. Robert W. Baird reissued a “hold” rating and issued a $16.00 target price on shares of Huntington Bancshares in a report on Wednesday, January 3rd. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $14.25 target price on shares of Huntington Bancshares in a report on Friday, October 13th. 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 report on Thursday, September 14th. Finally, Nomura lifted their price target on shares of Huntington Bancshares from $16.00 to $17.00 and gave the company a “buy” rating in a report on Thursday, October 26th. Eleven equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $16.75.

Huntington Bancshares (NASDAQ:HBAN) opened at $15.43 on Wednesday. The firm has a market cap of $17,238.19, a price-to-earnings ratio of 15.43, a P/E/G ratio of 1.22 and a beta of 1.35. Huntington Bancshares has a 12-month low of $12.14 and a 12-month high of $16.53. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.88 and a quick ratio of 0.87.

Huntington Bancshares (NASDAQ:HBAN) last announced its quarterly earnings data on Tuesday, January 23rd. The bank reported $0.26 EPS for the quarter, meeting analysts’ consensus estimates of $0.26. The company had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.10 billion. Huntington Bancshares had a net margin of 25.02% and a return on equity of 12.12%. During the same quarter last year, the firm posted $0.18 EPS. equities analysts forecast that Huntington Bancshares will post 1.2 EPS for the current year.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Raymond James Trust N.A. grew its position in Huntington Bancshares by 1.3% during the second quarter. Raymond James Trust N.A. now owns 22,377 shares of the bank’s stock valued at $303,000 after acquiring an additional 289 shares during the last quarter. Investment Centers of America Inc. grew its position in Huntington Bancshares by 0.9% during the second quarter. Investment Centers of America Inc. now owns 77,865 shares of the bank’s stock valued at $1,053,000 after acquiring an additional 676 shares during the last quarter. National Asset Management Inc. grew its position in Huntington Bancshares by 5.2% during the second quarter. National Asset Management Inc. now owns 14,630 shares of the bank’s stock valued at $198,000 after acquiring an additional 719 shares during the last quarter. Suntrust Banks Inc. grew its position in Huntington Bancshares by 1.4% during the second quarter. Suntrust Banks Inc. now owns 85,608 shares of the bank’s stock valued at $1,157,000 after acquiring an additional 1,142 shares during the last quarter. Finally, Williams Jones & Associates LLC grew its holdings in shares of Huntington Bancshares by 0.3% in the second quarter. Williams Jones & Associates LLC now owns 370,792 shares of the bank’s stock worth $5,013,000 after purchasing an additional 1,150 shares during the last quarter. Institutional investors and hedge funds own 74.36% of the company’s stock.

COPYRIGHT VIOLATION WARNING: “Huntington Bancshares (NASDAQ:HBAN) Upgraded to Buy at BidaskClub” was originally posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this article on another domain, it was illegally copied and republished in violation of United States and international copyright law. The legal version of this article can be accessed at https://www.dispatchtribunal.com/2018/02/06/huntington-bancshares-hban-stock-rating-upgraded-by-bidaskclub.html.

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.

Analyst Recommendations for Huntington Bancshares (NASDAQ:HBAN)

Receive News & Ratings for Huntington Bancshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Huntington Bancshares and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply