Huntington Bancshares (NASDAQ:HBAN) Rating Reiterated by Morgan Stanley

Huntington Bancshares (NASDAQ:HBAN - Get Free Report)'s stock had its "overweight" rating reissued by equities research analysts at Morgan Stanley in a research note issued to investors on Monday, Benzinga reports. They currently have a $16.00 target price on the bank's stock. Morgan Stanley's price objective would indicate a potential upside of 18.26% from the company's previous close.

Other analysts have also recently issued research reports about the company. DA Davidson upgraded Huntington Bancshares from a "neutral" rating to a "buy" rating and increased their target price for the stock from $14.00 to $15.50 in a report on Tuesday, February 27th. Bank of America upgraded Huntington Bancshares from a "neutral" rating to a "buy" rating and increased their target price for the stock from $14.00 to $16.00 in a report on Monday, April 8th. Evercore ISI increased their target price on Huntington Bancshares from $15.00 to $16.00 and gave the stock an "outperform" rating in a report on Thursday, March 28th. Stephens restated an "equal weight" rating and set a $15.00 target price on shares of Huntington Bancshares in a report on Monday. Finally, Jefferies Financial Group upgraded Huntington Bancshares from a "hold" rating to a "buy" rating and increased their target price for the stock from $14.00 to $16.00 in a report on Monday, April 8th. One analyst has rated the stock with a sell rating, six have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Huntington Bancshares has an average rating of "Moderate Buy" and an average target price of $15.17.

Huntington Bancshares Price Performance

NASDAQ:HBAN traded up $0.25 during trading hours on Monday, reaching $13.53. The company had a trading volume of 22,915,963 shares, compared to its average volume of 17,897,676. The stock has a 50-day moving average of $13.27 and a two-hundred day moving average of $12.16. Huntington Bancshares has a one year low of $9.13 and a one year high of $14.07. The firm has a market capitalization of $19.62 billion, a PE ratio of 12.13, a PEG ratio of 2.47 and a beta of 1.11. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.88.

Huntington Bancshares (NASDAQ:HBAN - Get Free Report) last announced its quarterly earnings results on Friday, April 19th. The bank reported $0.28 earnings per share for the quarter, beating analysts' consensus estimates of $0.25 by $0.03. Huntington Bancshares had a return on equity of 11.99% and a net margin of 15.86%. The firm had revenue of $2.85 billion for the quarter, compared to analysts' expectations of $1.74 billion. During the same period in the prior year, the business posted $0.38 earnings per share. Analysts forecast that Huntington Bancshares will post 1.21 earnings per share for the current year.

Insider Buying and Selling

In other Huntington Bancshares news, Director Ann B. Crane sold 58,000 shares of the company's stock in a transaction on Friday, March 8th. The stock was sold at an average price of $13.54, for a total value of $785,320.00. Following the transaction, the director now directly owns 192,247 shares of the company's stock, valued at approximately $2,603,024.38. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, insider Helga Houston sold 28,700 shares of the company's stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $13.17, for a total transaction of $377,979.00. Following the completion of the sale, the insider now directly owns 568,222 shares in the company, valued at approximately $7,483,483.74. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Ann B. Crane sold 58,000 shares of the company's stock in a transaction on Friday, March 8th. The shares were sold at an average price of $13.54, for a total value of $785,320.00. Following the sale, the director now owns 192,247 shares of the company's stock, valued at $2,603,024.38. The disclosure for this sale can be found here. In the last three months, insiders have sold 102,241 shares of company stock valued at $1,360,359. 0.89% of the stock is owned by insiders.

Institutional Trading of Huntington Bancshares

Several institutional investors and hedge funds have recently modified their holdings of HBAN. State of Alaska Department of Revenue increased its stake in shares of Huntington Bancshares by 0.5% in the first quarter. State of Alaska Department of Revenue now owns 157,152 shares of the bank's stock valued at $2,192,000 after buying an additional 780 shares during the period. Park Avenue Securities LLC increased its stake in shares of Huntington Bancshares by 1.3% in the first quarter. Park Avenue Securities LLC now owns 63,098 shares of the bank's stock valued at $880,000 after buying an additional 794 shares during the period. Mather Group LLC. increased its stake in shares of Huntington Bancshares by 5.8% in the fourth quarter. Mather Group LLC. now owns 15,391 shares of the bank's stock valued at $196,000 after buying an additional 837 shares during the period. Financial Advocates Investment Management increased its stake in shares of Huntington Bancshares by 5.9% in the fourth quarter. Financial Advocates Investment Management now owns 15,325 shares of the bank's stock valued at $195,000 after buying an additional 856 shares during the period. Finally, Blue Trust Inc. increased its stake in shares of Huntington Bancshares by 12.0% in the fourth quarter. Blue Trust Inc. now owns 8,460 shares of the bank's stock valued at $108,000 after buying an additional 904 shares during the period. 80.72% of the stock is currently owned by institutional investors.

About Huntington Bancshares

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.