Huntington Bancshares (NASDAQ:HBAN) PT Raised to $16.00

Huntington Bancshares (NASDAQ:HBANGet Free Report) had its price objective boosted by investment analysts at Morgan Stanley from $13.00 to $16.00 in a note issued to investors on Wednesday, Benzinga reports. The brokerage presently has an “overweight” rating on the bank’s stock. Morgan Stanley’s price objective would indicate a potential upside of 29.87% from the company’s current price.

A number of other brokerages have also commented on HBAN. Raymond James increased their price objective on Huntington Bancshares from $13.00 to $15.00 and gave the company a “strong-buy” rating in a report on Tuesday, December 26th. Barclays raised Huntington Bancshares from an “underweight” rating to an “equal weight” rating and increased their price objective for the company from $12.00 to $15.00 in a report on Tuesday, January 2nd. Wolfe Research raised Huntington Bancshares from an “underperform” rating to a “peer perform” rating in a report on Monday, October 23rd. Jefferies Financial Group lowered their target price on Huntington Bancshares from $11.00 to $10.00 in a report on Tuesday, October 10th. Finally, Royal Bank of Canada raised their price objective on Huntington Bancshares from $12.00 to $15.00 and gave the stock an “outperform” rating in a research report on Monday, December 18th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Huntington Bancshares currently has a consensus rating of “Hold” and an average price target of $13.40.

View Our Latest Research Report on HBAN

Huntington Bancshares Stock Down 0.2 %

Shares of Huntington Bancshares stock opened at $12.32 on Wednesday. The stock has a 50-day moving average price of $12.56 and a 200 day moving average price of $11.40. The company has a market cap of $17.84 billion, a P/E ratio of 9.94 and a beta of 1.11. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.73. Huntington Bancshares has a 1 year low of $9.13 and a 1 year high of $15.54.

Huntington Bancshares (NASDAQ:HBANGet Free Report) last posted its quarterly earnings results on Friday, January 19th. The bank reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.15. Huntington Bancshares had a return on equity of 12.96% and a net margin of 18.00%. The company had revenue of $2.76 billion during the quarter, compared to the consensus estimate of $1.75 billion. During the same period last year, the business earned $0.43 EPS. As a group, analysts expect that Huntington Bancshares will post 1.22 EPS for the current fiscal year.

Insider Activity

In related news, insider Helga Houston sold 28,700 shares of Huntington Bancshares stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $13.17, for a total transaction 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 legal filing with the SEC, which can be accessed through the SEC website. Insiders own 0.89% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in shares of Huntington Bancshares by 0.7% in the third quarter. Vanguard Group Inc. now owns 172,069,244 shares of the bank’s stock valued at $1,789,520,000 after purchasing an additional 1,209,264 shares in the last quarter. BlackRock Inc. lifted its holdings in shares of Huntington Bancshares by 0.5% in the first quarter. BlackRock Inc. now owns 137,586,195 shares of the bank’s stock valued at $1,540,965,000 after purchasing an additional 652,310 shares in the last quarter. Boston Partners lifted its holdings in shares of Huntington Bancshares by 59.3% in the fourth quarter. Boston Partners now owns 46,642,476 shares of the bank’s stock valued at $593,408,000 after purchasing an additional 17,365,446 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Huntington Bancshares by 0.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 45,744,281 shares of the bank’s stock worth $468,725,000 after acquiring an additional 245,025 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in Huntington Bancshares by 2.0% during the second quarter. Geode Capital Management LLC now owns 32,460,677 shares of the bank’s stock worth $349,061,000 after acquiring an additional 639,702 shares in the last quarter. 78.68% of the stock is owned by institutional investors and hedge funds.

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 operates through four segments: Consumer and Business Banking; Commercial Banking; Vehicle Finance; and Regional Banking and The Huntington Private Client Group (RBHPCG).

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