Huntington Bancshares (NASDAQ:HBAN) PT Lowered to $14.50

Huntington Bancshares (NASDAQ:HBANGet Free Report) had its target price dropped by analysts at Keefe, Bruyette & Woods from $15.00 to $14.50 in a research report issued on Tuesday, Benzinga reports. The firm presently has a “market perform” rating on the bank’s stock. Keefe, Bruyette & Woods’ price target suggests a potential upside of 10.94% from the stock’s previous close.

Other equities analysts have also issued reports about the stock. StockNews.com lowered shares of Huntington Bancshares from a “hold” rating to a “sell” rating in a research report on Wednesday, June 19th. Royal Bank of Canada restated an “outperform” rating and set a $16.00 price target on shares of Huntington Bancshares in a research report on Tuesday, June 11th. UBS Group lowered their price target on shares of Huntington Bancshares from $16.00 to $15.00 and set a “buy” rating on the stock in a research report on Thursday, June 13th. JPMorgan Chase & Co. lowered their price target on shares of Huntington Bancshares from $17.00 to $16.50 and set an “overweight” rating on the stock in a research report on Thursday, June 27th. Finally, Stephens restated an “equal weight” rating and set a $15.00 price target on shares of Huntington Bancshares in a research report on Monday, April 22nd. Two analysts have rated the stock with a sell rating, four have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $14.93.

View Our Latest Report on HBAN

Huntington Bancshares Stock Up 0.8 %

Shares of NASDAQ HBAN opened at $13.07 on Tuesday. The company’s 50-day simple moving average is $13.33 and its 200-day simple moving average is $13.17. Huntington Bancshares has a 52-week low of $9.25 and a 52-week high of $14.30. The firm has a market cap of $18.94 billion, a price-to-earnings ratio of 11.77, a price-to-earnings-growth ratio of 2.48 and a beta of 1.06. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.88.

Huntington Bancshares (NASDAQ:HBANGet Free Report) last announced its earnings results on Friday, April 19th. The bank reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.03. Huntington Bancshares had a net margin of 15.86% and a return on equity of 11.99%. The business had revenue of $2.85 billion for the quarter, compared to analyst estimates of $1.74 billion. During the same quarter last year, the business earned $0.38 earnings per share. Equities analysts predict that Huntington Bancshares will post 1.17 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CFO Zachary Jacob Wasserman sold 30,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $13.66, for a total transaction of $409,800.00. Following the sale, the chief financial officer now directly owns 305,884 shares of the company’s stock, valued at approximately $4,178,375.44. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Huntington Bancshares news, insider Kendall A. Kowalski sold 15,948 shares of the business’s stock in a transaction that occurred on Wednesday, April 24th. The shares were sold at an average price of $13.47, for a total transaction of $214,819.56. Following the completion of the transaction, the insider now owns 21,102 shares in the company, valued at approximately $284,243.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Zachary Jacob Wasserman sold 30,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $13.66, for a total transaction of $409,800.00. Following the transaction, the chief financial officer now owns 305,884 shares of the company’s stock, valued at approximately $4,178,375.44. The disclosure for this sale can be found here. Insiders have sold a total of 157,829 shares of company stock valued at $2,148,623 in the last ninety days. Company insiders own 0.92% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in HBAN. Boston Partners grew its holdings in Huntington Bancshares by 59.3% during the 4th quarter. Boston Partners now owns 46,642,476 shares of the bank’s stock worth $593,408,000 after acquiring an additional 17,365,446 shares in the last quarter. Norges Bank acquired a new position in shares of Huntington Bancshares in the 4th quarter valued at $206,703,000. KBC Group NV boosted its holdings in shares of Huntington Bancshares by 715.0% in the 4th quarter. KBC Group NV now owns 4,251,631 shares of the bank’s stock valued at $54,081,000 after buying an additional 3,729,974 shares in the last quarter. National Bank of Canada FI boosted its holdings in shares of Huntington Bancshares by 832.7% in the 1st quarter. National Bank of Canada FI now owns 3,337,625 shares of the bank’s stock valued at $46,927,000 after buying an additional 2,979,768 shares in the last quarter. Finally, Scout Investments Inc. acquired a new position in shares of Huntington Bancshares in the 1st quarter valued at $35,428,000. Institutional investors and hedge funds own 80.72% of the company’s stock.

Huntington Bancshares Company Profile

(Get Free Report)

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.

Recommended Stories

Analyst Recommendations for Huntington Bancshares (NASDAQ:HBAN)

Receive News & Ratings for Huntington Bancshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Huntington Bancshares and related companies with MarketBeat.com's FREE daily email newsletter.