Huntington Bancshares (NASDAQ:HBAN - Get Free Report) had its price objective boosted by equities research analysts at Stephens from $18.00 to $19.00 in a research note issued on Friday,MarketScreener reports. Stephens' price objective suggests a potential upside of 22.58% from the company's previous close.
Other equities analysts also recently issued reports about the stock. DA Davidson increased their price target on shares of Huntington Bancshares from $18.00 to $20.00 and gave the company a "buy" rating in a research report on Monday, July 21st. Wolfe Research raised Huntington Bancshares from a "peer perform" rating to an "outperform" rating and set a $21.00 price target on the stock in a research report on Thursday, July 3rd. Raymond James Financial reaffirmed a "strong-buy" rating and issued a $21.00 price target (up from $18.00) on shares of Huntington Bancshares in a report on Tuesday, July 8th. Citigroup boosted their price objective on Huntington Bancshares from $20.00 to $21.00 and gave the company a "buy" rating in a report on Friday, September 19th. Finally, Jefferies Financial Group lifted their price target on Huntington Bancshares from $21.00 to $22.00 and gave the company a "buy" rating in a research report on Wednesday, September 24th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $19.50.
Read Our Latest Stock Report on HBAN
Huntington Bancshares Stock Performance
Huntington Bancshares stock opened at $15.50 on Friday. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.89 and a quick ratio of 0.89. The company's 50-day moving average is $17.08 and its 200 day moving average is $16.09. Huntington Bancshares has a 1-year low of $11.91 and a 1-year high of $18.44. The firm has a market capitalization of $22.61 billion, a P/E ratio of 11.48, a price-to-earnings-growth ratio of 0.72 and a beta of 0.96.
Huntington Bancshares (NASDAQ:HBAN - Get Free Report) last issued its earnings results on Wednesday, June 11th. The bank reported $0.28 EPS for the quarter. Huntington Bancshares had a net margin of 17.36% and a return on equity of 11.81%. The business had revenue of $469.00 million for the quarter. Research analysts forecast that Huntington Bancshares will post 1.39 EPS for the current year.
Insider Transactions at Huntington Bancshares
In other news, EVP Marcy C. Hingst sold 41,100 shares of the stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $18.00, for a total value of $739,800.00. Following the completion of the sale, the executive vice president directly owned 299,361 shares in the company, valued at $5,388,498. This represents a 12.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.89% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On Huntington Bancshares
A number of institutional investors have recently added to or reduced their stakes in HBAN. GAMMA Investing LLC raised its stake in Huntington Bancshares by 6.4% during the first quarter. GAMMA Investing LLC now owns 42,196 shares of the bank's stock worth $633,000 after purchasing an additional 2,540 shares during the period. QRG Capital Management Inc. grew its position in Huntington Bancshares by 11.9% in the first quarter. QRG Capital Management Inc. now owns 25,827 shares of the bank's stock worth $388,000 after acquiring an additional 2,751 shares during the period. Kingswood Wealth Advisors LLC increased its stake in Huntington Bancshares by 14.1% during the first quarter. Kingswood Wealth Advisors LLC now owns 20,633 shares of the bank's stock worth $310,000 after acquiring an additional 2,553 shares during the last quarter. State of Alaska Department of Revenue raised its position in Huntington Bancshares by 2.7% in the first quarter. State of Alaska Department of Revenue now owns 170,257 shares of the bank's stock valued at $2,555,000 after purchasing an additional 4,525 shares during the period. Finally, Johnson Investment Counsel Inc. lifted its stake in shares of Huntington Bancshares by 50.3% in the 1st quarter. Johnson Investment Counsel Inc. now owns 114,868 shares of the bank's stock valued at $1,724,000 after purchasing an additional 38,450 shares during the last quarter. Hedge funds and other institutional investors own 80.72% of the company's stock.
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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