Huntington Bancshares (NASDAQ:HBAN) had its price target raised by JPMorgan Chase & Co. from $16.00 to $17.00 in a research report issued on Thursday. The firm currently has a “neutral” rating on the bank’s stock. JPMorgan Chase & Co.’s price target would indicate a potential upside of 5.92% from the stock’s previous close.
Other equities analysts have also issued research reports about the stock. Sandler O’Neill reissued a “buy” rating and issued a $18.00 price target on shares of Huntington Bancshares in a research report on Tuesday. BMO Capital Markets reissued a “hold” rating and issued a $18.00 price target on shares of Huntington Bancshares in a research report on Wednesday. Macquarie lowered shares of Huntington Bancshares from an “outperform” rating to a “neutral” rating and lifted their price target for the company from $16.04 to $16.50 in a research report on Wednesday. Bank of America lifted their price target on shares of Huntington Bancshares from $17.00 to $18.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, Zacks Investment Research raised shares of Huntington Bancshares from a “hold” rating to a “strong-buy” rating and set a $17.00 price target on the stock in a research report on Tuesday, January 9th. Ten investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $16.73.
Shares of Huntington Bancshares (NASDAQ:HBAN) traded down $0.06 on Thursday, reaching $16.05. 12,549,592 shares of the company traded hands, compared to its average volume of 10,230,000. Huntington Bancshares has a 52-week low of $12.14 and a 52-week high of $16.33. The company has a market capitalization of $17,350.00, a price-to-earnings ratio of 16.05, a PEG ratio of 1.25 and a beta of 1.33. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.87 and a current ratio of 0.88.
In other 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 sale, the insider now owns 499,824 shares in the company, valued at $6,882,576.48. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Daniel J. Neumeyer sold 43,491 shares of the firm’s stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $13.88, for a total transaction 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 disclosure for this sale can be found here. Company insiders own 1.30% of the company’s stock.
Several institutional investors have recently made changes to their positions in HBAN. Capital International Investors grew its stake in shares of Huntington Bancshares by 22.6% in the second quarter. Capital International Investors now owns 43,919,215 shares of the bank’s stock worth $593,788,000 after acquiring an additional 8,101,400 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in Huntington Bancshares by 20.1% during the second quarter. The Manufacturers Life Insurance Company now owns 12,364,805 shares of the bank’s stock worth $167,172,000 after buying an additional 2,065,131 shares in the last quarter. Beacon Investment Advisory Services Inc. acquired a new stake in Huntington Bancshares during the third quarter worth $23,872,000. Janus Henderson Group PLC boosted its stake in Huntington Bancshares by 865.6% during the second quarter. Janus Henderson Group PLC now owns 1,432,015 shares of the bank’s stock worth $19,360,000 after buying an additional 1,283,709 shares in the last quarter. Finally, Maltese Capital Management LLC acquired a new stake in Huntington Bancshares during the third quarter worth $15,496,000. Institutional investors and hedge funds own 73.53% of the company’s stock.
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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.
