Huntington Bancshares (NASDAQ:HBAN) was downgraded by analysts at Hilliard Lyons from a “buy” rating to a “neutral” rating in a report released on Wednesday, Marketbeat.com reports. They presently have a $17.00 price objective on the bank’s stock. Hilliard Lyons’ price objective indicates a potential upside of 5.52% from the stock’s previous close.
HBAN has been the subject of a number of other reports. Morgan Stanley raised their price objective 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 raised shares of Huntington Bancshares from a “hold” rating to a “buy” rating in a report on Friday, December 22nd. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $14.25 price objective on shares of Huntington Bancshares in a report on Friday, October 13th. Nomura lifted their price target on shares of Huntington Bancshares from $16.00 to $17.00 and gave the company a “buy” rating in a report on Thursday, October 26th. Finally, Robert W. Baird reissued a “hold” rating and set a $16.00 price target on shares of Huntington Bancshares in a report on Wednesday, January 3rd. Nine analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. Huntington Bancshares has an average rating of “Buy” and an average target price of $16.69.
Huntington Bancshares (NASDAQ HBAN) traded up $0.07 during trading hours on Wednesday, hitting $16.11. 12,995,189 shares of the stock were exchanged, compared to its average volume of 10,010,000. The company has a market cap of $17,410.00, a P/E ratio of 19.41, a price-to-earnings-growth ratio of 1.25 and a beta of 1.33. Huntington Bancshares has a one year low of $12.14 and a one year high of $16.33. The company has a quick ratio of 0.87, a current ratio of 0.88 and a debt-to-equity ratio of 0.96.
In other Huntington Bancshares news, EVP Daniel J. Neumeyer sold 43,491 shares of the firm’s stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $13.88, for a total value of $603,655.08. Following the completion of the sale, the executive vice president now owns 427,270 shares in the company, valued at approximately $5,930,507.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Helga Houston sold 14,513 shares of the firm’s stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $13.77, for a total transaction of $199,844.01. Following the completion of the sale, the insider now owns 499,824 shares of the company’s stock, valued at approximately $6,882,576.48. The disclosure for this sale can be found here. Company insiders own 1.30% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of HBAN. National Asset Management Inc. grew its position in shares of Huntington Bancshares by 5.2% during the 2nd quarter. National Asset Management Inc. now owns 14,630 shares of the bank’s stock worth $198,000 after buying an additional 719 shares during the period. Suntrust Banks Inc. grew its position in shares of Huntington Bancshares by 1.4% during the 2nd quarter. Suntrust Banks Inc. now owns 85,608 shares of the bank’s stock worth $1,157,000 after buying an additional 1,142 shares during the period. Williams Jones & Associates LLC grew its position in shares of Huntington Bancshares by 0.3% during the 2nd quarter. Williams Jones & Associates LLC now owns 370,792 shares of the bank’s stock worth $5,013,000 after buying an additional 1,150 shares during the period. Bluestein R H & Co. grew its position in shares of Huntington Bancshares by 19.4% during the 2nd quarter. Bluestein R H & Co. now owns 14,800 shares of the bank’s stock worth $200,000 after buying an additional 2,400 shares during the period. Finally, Flinton Capital Management LLC grew its position in shares of Huntington Bancshares by 14.5% during the 2nd quarter. Flinton Capital Management LLC now owns 23,152 shares of the bank’s stock worth $313,000 after buying an additional 2,928 shares during the period. Hedge funds and other institutional investors own 73.53% of the company’s stock.
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.
