Huntington Bancshares (NASDAQ:HBAN) Price Target Raised to $17.00 at Barclays

Huntington Bancshares (NASDAQ:HBAN) had its price target lifted by research analysts at Barclays from $15.00 to $17.00 in a research note issued to investors on Friday, Benzinga reports. The firm presently has an “equal weight” rating on the bank’s stock. Barclays‘s price objective points to a potential upside of 11.26% from the stock’s current price.

Other research analysts have also issued reports about the stock. Keefe, Bruyette & Woods decreased their price objective on shares of Huntington Bancshares from $15.00 to $14.50 and set a “market perform” rating for the company in a report on Tuesday, July 9th. Baird R W lowered shares of Huntington Bancshares from a “strong-buy” rating to a “hold” rating in a report on Friday, July 26th. Royal Bank of Canada reiterated an “outperform” rating and set a $17.00 target price on shares of Huntington Bancshares in a report on Friday. StockNews.com cut Huntington Bancshares from a “hold” rating to a “sell” rating in a research note on Monday, September 2nd. Finally, Bank of America upped their price target on Huntington Bancshares from $15.00 to $17.00 and gave the stock a “buy” rating in a research note on Monday, July 22nd. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Huntington Bancshares currently has an average rating of “Moderate Buy” and a consensus target price of $15.91.

Huntington Bancshares Trading Down 1.0 %

Shares of NASDAQ HBAN traded down $0.15 during mid-day trading on Friday, hitting $15.28. The stock had a trading volume of 4,237,137 shares, compared to its average volume of 16,177,128. Huntington Bancshares has a 1 year low of $9.25 and a 1 year high of $16.03. The firm has a market cap of $22.14 billion, a P/E ratio of 13.78, a price-to-earnings-growth ratio of 2.77 and a beta of 1.04. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.88 and a current ratio of 0.89. The business has a 50 day moving average price of $14.53 and a two-hundred day moving average price of $13.92.

Huntington Bancshares (NASDAQ:HBAN) last issued its quarterly earnings data on Thursday, October 17th. The bank reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.03. The firm had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.86 billion. Huntington Bancshares had a return on equity of 11.34% and a net margin of 14.77%. During the same period last year, the company earned $0.36 EPS. On average, equities analysts anticipate that Huntington Bancshares will post 1.18 EPS for the current fiscal year.

Insider Buying and Selling at Huntington Bancshares

In other news, VP Nancy E. Maloney sold 57,537 shares of the business’s stock in a transaction that occurred on Tuesday, July 23rd. The shares were sold at an average price of $15.15, for a total transaction of $871,685.55. Following the completion of the transaction, the vice president now directly owns 69,595 shares of the company’s stock, valued at $1,054,364.25. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, CFO Zachary Jacob Wasserman sold 33,000 shares of the stock in a transaction that occurred on Tuesday, July 23rd. The shares were sold at an average price of $15.13, for a total value of $499,290.00. Following the transaction, the chief financial officer now owns 265,809 shares in the company, valued at $4,021,690.17. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Nancy E. Maloney sold 57,537 shares of the business’s stock in a transaction that occurred on Tuesday, July 23rd. The shares were sold at an average price of $15.15, for a total transaction of $871,685.55. Following the sale, the vice president now owns 69,595 shares of the company’s stock, valued at $1,054,364.25. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 116,622 shares of company stock worth $1,762,904. Company insiders own 0.89% of the company’s stock.

Institutional Investors Weigh In On Huntington Bancshares

A number of hedge funds have recently modified their holdings of HBAN. Asset Dedication LLC raised its holdings in Huntington Bancshares by 200.7% in the 3rd quarter. Asset Dedication LLC now owns 1,801 shares of the bank’s stock worth $26,000 after purchasing an additional 1,202 shares during the period. Future Financial Wealth Managment LLC purchased a new position in shares of Huntington Bancshares during the 1st quarter valued at about $29,000. Peoples Bank KS bought a new position in shares of Huntington Bancshares during the 3rd quarter valued at approximately $29,000. Hazlett Burt & Watson Inc. increased its holdings in Huntington Bancshares by 695.5% in the 2nd quarter. Hazlett Burt & Watson Inc. now owns 2,291 shares of the bank’s stock worth $30,000 after acquiring an additional 2,003 shares in the last quarter. Finally, Register Financial Advisors LLC bought a new stake in Huntington Bancshares during the 1st quarter worth approximately $40,000. Institutional investors own 80.72% of the company’s stock.

Huntington Bancshares Company Profile

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.