Huntington Bancshares (NASDAQ:HBAN) Stock Rating Upgraded by StockNews.com

Huntington Bancshares (NASDAQ:HBAN) was upgraded by research analysts at StockNews.com from a “sell” rating to a “hold” rating in a note issued to investors on Friday.

Other analysts also recently issued reports about the stock. Robert W. Baird downgraded shares of Huntington Bancshares from an “outperform” rating to a “neutral” rating and set a $15.00 price objective on the stock. in a report on Friday, July 26th. Sandler O’Neill reaffirmed a “buy” rating on shares of Huntington Bancshares in a report on Friday. Baird R W downgraded shares of Huntington Bancshares from a “strong-buy” rating to a “hold” rating in a report on Friday, July 26th. Barclays upped their price objective on shares of Huntington Bancshares from $15.00 to $17.00 and gave the company an “equal weight” rating in a report on Friday. Finally, Keefe, Bruyette & Woods dropped their price objective on shares of Huntington Bancshares from $15.00 to $14.50 and set a “market perform” rating on the stock in a report on Tuesday, July 9th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Huntington Bancshares currently has an average rating of “Moderate Buy” and an average price target of $15.91.

Huntington Bancshares Stock Down 0.5 %

Shares of Huntington Bancshares stock opened at $15.36 on Friday. The firm’s 50 day moving average price is $14.56 and its 200-day moving average price is $13.93. The company has a quick ratio of 0.88, a current ratio of 0.89 and a debt-to-equity ratio of 0.96. Huntington Bancshares has a 52-week low of $9.25 and a 52-week high of $16.03. The company has a market cap of $22.26 billion, a P/E ratio of 13.84, a PEG ratio of 2.77 and a beta of 1.04.

Huntington Bancshares (NASDAQ:HBAN) last issued its quarterly earnings data on Thursday, October 17th. The bank reported $0.33 earnings per share (EPS) 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 the consensus estimate of $1.86 billion. Huntington Bancshares had a net margin of 14.77% and a return on equity of 11.34%. During the same quarter in the previous year, the firm earned $0.36 EPS. On average, sell-side analysts predict that Huntington Bancshares will post 1.18 EPS for the current fiscal year.

Insider Transactions at Huntington Bancshares

In other news, insider Helga Houston sold 11,288 shares of the company’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $15.02, for a total transaction of $169,545.76. Following the completion of the sale, the insider now owns 618,832 shares of the company’s stock, valued at $9,294,856.64. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CFO Zachary Jacob Wasserman sold 33,000 shares of the company’s stock in a transaction dated Tuesday, July 23rd. The shares were sold at an average price of $15.13, for a total value of $499,290.00. Following the completion of the sale, the chief financial officer now owns 265,809 shares of the company’s stock, valued at approximately $4,021,690.17. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Helga Houston sold 11,288 shares of the company’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $15.02, for a total transaction of $169,545.76. Following the completion of the sale, the insider now directly owns 618,832 shares of the company’s stock, valued at $9,294,856.64. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 116,622 shares of company stock valued at $1,762,904 over the last 90 days. 0.89% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Huntington Bancshares

A number of hedge funds have recently modified their holdings of HBAN. Boston Partners grew its holdings in shares of Huntington Bancshares by 20.4% in the first quarter. Boston Partners now owns 56,175,987 shares of the bank’s stock valued at $783,215,000 after purchasing an additional 9,533,511 shares during the period. National Bank of Canada FI boosted its stake in Huntington Bancshares by 832.7% during the first quarter. National Bank of Canada FI now owns 3,337,625 shares of the bank’s stock worth $46,927,000 after buying an additional 2,979,768 shares during the period. Scout Investments Inc. purchased a new position in Huntington Bancshares during the first quarter worth about $35,428,000. Point72 Asset Management L.P. boosted its stake in Huntington Bancshares by 194.8% during the second quarter. Point72 Asset Management L.P. now owns 3,203,789 shares of the bank’s stock worth $42,226,000 after buying an additional 2,116,839 shares during the period. Finally, AMF Tjanstepension AB purchased a new position in Huntington Bancshares during the first quarter worth about $24,100,000. Hedge funds and other institutional investors own 80.72% of the company’s stock.

About Huntington Bancshares

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.