HBAN has been the subject of a number of other reports. Raymond James set a $14.00 price objective on Huntington Bancshares and gave the stock a “buy” rating in a research note on Thursday, August 29th. Nomura set a $14.00 target price on Huntington Bancshares and gave the company a “hold” rating in a research note on Friday, July 26th. BMO Capital Markets cut Huntington Bancshares from a “market perform” rating to an “underperform” rating and set a $14.00 target price for the company. in a research note on Monday, July 8th. Macquarie cut Huntington Bancshares from a “neutral” rating to an “underperform” rating and set a $13.78 target price for the company. in a research note on Friday, July 12th. Finally, DA Davidson cut Huntington Bancshares from a “buy” rating to a “neutral” rating and set a $16.00 target price for the company. in a research note on Friday, September 13th. They noted that the move was a valuation call. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $15.09.
Shares of Huntington Bancshares stock traded up $0.16 during trading on Monday, reaching $14.35. 5,750,489 shares of the company were exchanged, compared to its average volume of 10,621,713. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.86. Huntington Bancshares has a twelve month low of $11.12 and a twelve month high of $14.97. The business has a 50-day moving average price of $14.06 and a 200-day moving average price of $13.60. The firm has a market capitalization of $14.72 billion, a price-to-earnings ratio of 11.95, a P/E/G ratio of 1.42 and a beta of 1.45.
In other Huntington Bancshares news, EVP Nancy E. Maloney sold 2,604 shares of the business’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $14.57, for a total value of $37,940.28. Following the completion of the transaction, the executive vice president now directly owns 80,103 shares of the company’s stock, valued at $1,167,100.71. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.22% of the stock is currently owned by insiders.
A number of large investors have recently bought and sold shares of HBAN. Vanguard Group Inc. boosted its position in shares of Huntington Bancshares by 0.7% during the second quarter. Vanguard Group Inc. now owns 119,979,155 shares of the bank’s stock worth $1,658,111,000 after buying an additional 877,364 shares during the period. Boston Partners boosted its position in shares of Huntington Bancshares by 3.2% during the second quarter. Boston Partners now owns 28,056,162 shares of the bank’s stock worth $387,719,000 after buying an additional 878,068 shares during the period. Invesco Ltd. boosted its position in shares of Huntington Bancshares by 34.3% during the second quarter. Invesco Ltd. now owns 13,409,707 shares of the bank’s stock worth $185,323,000 after buying an additional 3,427,585 shares during the period. Northern Trust Corp boosted its position in shares of Huntington Bancshares by 2.8% during the second quarter. Northern Trust Corp now owns 11,482,146 shares of the bank’s stock worth $158,684,000 after buying an additional 310,381 shares during the period. Finally, Royal Bank of Canada boosted its position in shares of Huntington Bancshares by 39.6% during the second quarter. Royal Bank of Canada now owns 8,735,469 shares of the bank’s stock worth $120,723,000 after buying an additional 2,476,376 shares during the period. 75.13% of the stock is owned by hedge funds and other institutional investors.
Huntington Bancshares Company Profile
Huntington Bancshares Incorporated operates as a holding company for The Huntington National Bank that provides commercial, small business, consumer, and mortgage banking services. The company operates through four business segments: Consumer and Business Banking, Commercial Banking, Vehicle Finance, and Regional Banking and The Huntington Private Client Group (RBHPCG).
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