Stephens Reaffirms “Equal Weight” Rating for Huntington Bancshares (NASDAQ:HBAN)

Huntington Bancshares (NASDAQ:HBAN)‘s stock had its “equal weight” rating restated by research analysts at Stephens in a research report issued on Monday, Benzinga reports. They presently have a $15.00 target price on the bank’s stock. Stephens’ price objective points to a potential upside of 10.05% from the company’s previous close.

A number of other equities research analysts have also commented on the company. Jefferies Financial Group upgraded Huntington Bancshares from a “hold” rating to a “buy” rating and upped their price target for the company from $14.00 to $16.00 in a research report on Monday, April 8th. Morgan Stanley upped their target price on Huntington Bancshares from $13.00 to $16.00 and gave the company an “overweight” rating in a research report on Wednesday, February 7th. UBS Group upgraded Huntington Bancshares from a “neutral” rating to a “buy” rating and upped their target price for the company from $14.00 to $15.00 in a research report on Wednesday, February 14th. StockNews.com lowered Huntington Bancshares from a “hold” rating to a “sell” rating in a research report on Friday, December 29th. Finally, Evercore ISI upped their target price on Huntington Bancshares from $15.00 to $16.00 and gave the company an “outperform” rating in a research report on Thursday, March 28th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $15.17.

Huntington Bancshares Trading Up 0.7 %

NASDAQ HBAN opened at $13.63 on Monday. The business’s 50-day moving average price is $13.31 and its two-hundred day moving average price is $12.21. Huntington Bancshares has a 12 month low of $9.13 and a 12 month high of $14.07. The firm has a market capitalization of $19.76 billion, a PE ratio of 12.28, a price-to-earnings-growth ratio of 2.47 and a beta of 1.11. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.88.

Huntington Bancshares (NASDAQ:HBAN) last released its quarterly earnings results on Friday, April 19th. The bank reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.03. Huntington Bancshares had a return on equity of 11.99% and a net margin of 15.86%. The firm had revenue of $2.85 billion for the quarter, compared to analyst estimates of $1.74 billion. During the same quarter in the previous year, the company posted $0.38 EPS. On average, analysts expect that Huntington Bancshares will post 1.21 EPS for the current year.

Insider Transactions at Huntington Bancshares

In other news, VP Julie C. Tutkovics sold 15,541 shares of the stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $12.68, for a total value of $197,059.88. Following the completion of the sale, the vice president now directly owns 303,455 shares of the company’s stock, valued at $3,847,809.40. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, insider Helga Houston sold 28,700 shares of the stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $13.17, for a total value of $377,979.00. Following the completion of the sale, the insider now directly owns 568,222 shares of the company’s stock, valued at $7,483,483.74. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Julie C. Tutkovics sold 15,541 shares of the stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $12.68, for a total value of $197,059.88. Following the sale, the vice president now directly owns 303,455 shares of the company’s stock, valued at $3,847,809.40. The disclosure for this sale can be found here. Insiders sold a total of 102,241 shares of company stock valued at $1,360,359 over the last ninety days. 0.92% of the stock is currently owned by insiders.

Institutional Trading of Huntington Bancshares

A number of institutional investors and hedge funds have recently modified their holdings of the business. Amalgamated Bank increased its position in shares of Huntington Bancshares by 13.3% during the first quarter. Amalgamated Bank now owns 413,836 shares of the bank’s stock valued at $5,773,000 after acquiring an additional 48,508 shares during the last quarter. Wesbanco Bank Inc. increased its position in shares of Huntington Bancshares by 194.0% during the first quarter. Wesbanco Bank Inc. now owns 142,602 shares of the bank’s stock valued at $1,989,000 after acquiring an additional 94,100 shares during the last quarter. Stablepoint Partners LLC purchased a new stake in shares of Huntington Bancshares during the first quarter valued at approximately $164,000. Strategic Blueprint LLC increased its position in shares of Huntington Bancshares by 2.8% during the first quarter. Strategic Blueprint LLC now owns 35,450 shares of the bank’s stock valued at $495,000 after acquiring an additional 955 shares during the last quarter. Finally, PFG Investments LLC purchased a new stake in shares of Huntington Bancshares during the first quarter valued at approximately $407,000. 80.72% of the stock is owned by hedge funds and other institutional investors.

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.