Huntington Bancshares (NASDAQ:HBAN) was downgraded by stock analysts at BidaskClub from a “buy” rating to a “hold” rating in a report released on Friday, January 19th.
A number of other research firms have also recently weighed in on HBAN. Vining Sparks reiterated a “buy” rating and set a $19.00 price target on shares of Huntington Bancshares in a report on Monday, January 8th. Zacks Investment Research upgraded Huntington Bancshares from a “hold” rating to a “strong-buy” rating and set a $17.00 price target for the company in a report on Tuesday, January 9th. Piper Jaffray Companies restated a “buy” rating and set a $17.00 target price on shares of Huntington Bancshares in a report on Tuesday, January 9th. Morgan Stanley raised their target price on Huntington Bancshares from $14.50 to $16.50 and gave the company an “equal weight” rating in a report on Wednesday, December 13th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $16.25 target price on shares of Huntington Bancshares in a report on Friday, December 22nd. Nine research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $16.75.
Huntington Bancshares (HBAN) traded up $0.07 during midday trading on Friday, hitting $15.48. The stock had a trading volume of 10,513,905 shares, compared to its average volume of 12,200,000. The stock has a market cap of $16,730.00, a PE ratio of 15.48, a PEG ratio of 1.17 and a beta of 1.35. The company has a current ratio of 0.88, a quick ratio of 0.87 and a debt-to-equity ratio of 0.94. Huntington Bancshares has a fifty-two week low of $12.14 and a fifty-two week high of $16.53.
Huntington Bancshares (NASDAQ:HBAN) last released its quarterly earnings results on Tuesday, January 23rd. The bank reported $0.26 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.26. The business had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.10 billion. Huntington Bancshares had a return on equity of 12.12% and a net margin of 25.02%. During the same period in the prior year, the business posted $0.18 EPS. analysts expect that Huntington Bancshares will post 1.2 EPS for the current fiscal year.
A number of hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. raised its position in Huntington Bancshares by 2.4% in the 2nd quarter. Vanguard Group Inc. now owns 109,990,274 shares of the bank’s stock valued at $1,487,068,000 after purchasing an additional 2,558,854 shares in the last quarter. BlackRock Inc. raised its position in Huntington Bancshares by 0.3% in the 4th quarter. BlackRock Inc. now owns 68,403,363 shares of the bank’s stock valued at $995,953,000 after purchasing an additional 221,404 shares in the last quarter. Capital International Investors raised its position in Huntington Bancshares by 13.2% in the 3rd quarter. Capital International Investors now owns 49,719,215 shares of the bank’s stock valued at $694,080,000 after purchasing an additional 5,800,000 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in Huntington Bancshares by 4.5% in the 4th quarter. The Manufacturers Life Insurance Company now owns 14,756,634 shares of the bank’s stock valued at $214,857,000 after purchasing an additional 641,856 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in Huntington Bancshares by 1.6% in the 4th quarter. Bank of New York Mellon Corp now owns 8,802,626 shares of the bank’s stock valued at $128,166,000 after purchasing an additional 139,491 shares in the last quarter. 74.19% of the stock is currently owned by institutional investors.
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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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