Huntington Bancshares (NASDAQ:HBAN) had its price objective boosted by investment analysts at Barclays from $14.00 to $17.00 in a note issued to investors on Tuesday. The brokerage presently has an “equal weight” rating on the bank’s stock. Barclays’ price objective points to a potential upside of 16.76% from the company’s current price.
HBAN has been the topic of several other reports. Morgan Stanley increased their target price on shares of Huntington Bancshares from $14.50 to $16.50 and gave the stock an “equal weight” rating in a report on Wednesday, December 13th. BidaskClub upgraded shares of Huntington Bancshares from a “hold” rating to a “buy” rating in a report on Friday, December 22nd. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $14.25 target price on shares of Huntington Bancshares in a report on Friday, October 13th. Nomura increased their target price on shares of Huntington Bancshares from $16.00 to $17.00 and gave the stock a “buy” rating in a report on Thursday, October 26th. Finally, Sanford C. Bernstein upgraded shares of Huntington Bancshares from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $15.00 to $17.00 in a report on Thursday, September 14th. Five investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Huntington Bancshares has a consensus rating of “Buy” and an average price target of $15.98.
Huntington Bancshares (HBAN) traded down $0.18 on Tuesday, reaching $14.56. 7,305,700 shares of the company’s stock traded hands, compared to its average volume of 9,434,488. The company has a current ratio of 0.88, a quick ratio of 0.87 and a debt-to-equity ratio of 0.96. The firm has a market capitalization of $15,738.58, a price-to-earnings ratio of 17.98, a PEG ratio of 1.66 and a beta of 1.34. Huntington Bancshares has a 12 month low of $12.14 and a 12 month high of $14.93.
In related news, insider Helga Houston sold 14,513 shares of the firm’s stock in a transaction on Thursday, November 2nd. The shares were 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 of the company’s stock, valued at $6,882,576.48. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Daniel J. Neumeyer sold 43,491 shares of the firm’s stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $13.88, for a total transaction of $603,655.08. Following the completion of the transaction, the executive vice president now directly 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 company insiders.
A number of institutional investors have recently added to or reduced their stakes in HBAN. Sun Life Financial INC grew its position in Huntington Bancshares by 99,812.5% in the second quarter. Sun Life Financial INC now owns 7,993 shares of the bank’s stock valued at $108,000 after purchasing an additional 7,985 shares in the last quarter. Verition Fund Management LLC bought a new position in Huntington Bancshares in the second quarter valued at $139,000. Bronfman E.L. Rothschild L.P. grew its position in Huntington Bancshares by 8.7% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 10,382 shares of the bank’s stock valued at $140,000 after purchasing an additional 834 shares in the last quarter. Alpha Cubed Investments LLC bought a new position in Huntington Bancshares in the third quarter valued at $151,000. Finally, ClariVest Asset Management LLC grew its position in Huntington Bancshares by 53.4% in the third quarter. ClariVest Asset Management LLC now owns 11,200 shares of the bank’s stock valued at $156,000 after purchasing an additional 3,900 shares in the last quarter. 73.53% of the stock is owned by institutional investors and hedge funds.
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.
