Huntington Bancshares (NASDAQ:HBAN) had its price objective boosted by analysts at Bank of America from $17.00 to $18.00 in a research note issued on Wednesday. The firm presently has a “buy” rating on the bank’s stock. Bank of America’s target price would suggest a potential upside of 11.04% from the company’s previous close.
A number of other analysts have also weighed in on the company. Morgan Stanley increased their price objective on Huntington Bancshares from $14.50 to $16.50 and gave the company an “equal weight” rating in a research note on Wednesday, December 13th. Barclays increased their price objective on Huntington Bancshares from $14.00 to $17.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 2nd. BidaskClub raised Huntington Bancshares from a “hold” rating to a “buy” rating in a research note on Friday, December 22nd. Nomura increased their price objective on Huntington Bancshares from $16.00 to $17.00 and gave the company a “buy” rating in a research note on Thursday, October 26th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and set a $14.25 price objective on shares of Huntington Bancshares in a research note on Friday, October 13th. Ten 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. Huntington Bancshares has an average rating of “Buy” and an average target price of $16.75.
Huntington Bancshares (NASDAQ HBAN) traded up $0.16 during trading hours on Wednesday, hitting $16.21. The stock had a trading volume of 8,260,125 shares, compared to its average volume of 10,390,000. The stock has a market capitalization of $17,700.00, a price-to-earnings ratio of 16.21, a PEG ratio of 1.22 and a beta of 1.33. Huntington Bancshares has a 52-week low of $12.14 and a 52-week high of $16.33. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.87 and a current ratio of 0.88.
Huntington Bancshares (NASDAQ:HBAN) last released its quarterly earnings data on Tuesday, January 23rd. The bank reported $0.26 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.26. The firm had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.10 billion. Huntington Bancshares had a return on equity of 12.12% and a net margin of 25.02%. During the same quarter in the prior year, the firm posted $0.18 earnings per share. equities research analysts forecast that Huntington Bancshares will post 1.2 EPS for the current fiscal year.
In other Huntington Bancshares news, insider Helga Houston sold 14,513 shares of the stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $13.77, for a total value of $199,844.01. Following the completion of the transaction, the insider now owns 499,824 shares in the company, valued at $6,882,576.48. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Daniel J. Neumeyer sold 43,491 shares of the stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $13.88, for a total value of $603,655.08. Following the completion of the transaction, the executive vice president now owns 427,270 shares of the company’s stock, valued at approximately $5,930,507.60. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by corporate insiders.
Institutional investors and hedge funds have recently bought and sold shares of the business. Rhumbline Advisers raised its holdings in Huntington Bancshares by 2.9% in the third quarter. Rhumbline Advisers now owns 2,072,978 shares of the bank’s stock worth $28,939,000 after purchasing an additional 58,161 shares in the last quarter. BNP Paribas Arbitrage SA raised its holdings in Huntington Bancshares by 39.6% in the third quarter. BNP Paribas Arbitrage SA now owns 723,671 shares of the bank’s stock worth $10,102,000 after purchasing an additional 205,325 shares in the last quarter. Toronto Dominion Bank raised its holdings in Huntington Bancshares by 25.4% in the second quarter. Toronto Dominion Bank now owns 369,480 shares of the bank’s stock worth $4,994,000 after purchasing an additional 74,932 shares in the last quarter. Capital International Investors raised its holdings in Huntington Bancshares by 13.2% in the third quarter. Capital International Investors now owns 49,719,215 shares of the bank’s stock worth $694,080,000 after purchasing an additional 5,800,000 shares in the last quarter. Finally, Point72 Europe London LLP bought a new position in Huntington Bancshares in the second quarter worth $6,417,000. Institutional investors and hedge funds own 73.53% of the company’s stock.
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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.