DA Davidson Increases Huntington Bancshares (NASDAQ:HBAN) Price Target to $17.50

Huntington Bancshares (NASDAQ:HBAN) had its price target hoisted by analysts at DA Davidson from $16.50 to $17.50 in a report issued on Monday, Benzinga reports. The firm presently has a “buy” rating on the bank’s stock. DA Davidson’s price objective would suggest a potential upside of 12.61% from the stock’s previous close.

Other research analysts have also issued research reports about the company. Jefferies Financial Group reduced their price target on Huntington Bancshares from $16.00 to $15.00 and set a “buy” rating on the stock in a research note on Wednesday, July 3rd. Bank of America increased their target price on Huntington Bancshares from $15.00 to $17.00 and gave the stock a “buy” rating in a research report on Monday, July 22nd. Baird R W lowered Huntington Bancshares from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 26th. Barclays increased their target price on Huntington Bancshares from $15.00 to $17.00 and gave the stock an “equal weight” rating in a research report on Friday, October 18th. Finally, Evercore ISI cut their target price on Huntington Bancshares from $17.50 to $17.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, seven have given a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $16.03.

Huntington Bancshares Trading Up 1.8 %

Shares of Huntington Bancshares stock opened at $15.54 on Monday. Huntington Bancshares has a fifty-two week low of $9.25 and a fifty-two week high of $16.03. The firm has a market cap of $22.52 billion, a PE ratio of 14.00, a P/E/G ratio of 2.77 and a beta of 1.04. The business’s fifty day moving average is $14.60 and its two-hundred day moving average is $13.95. 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 (NASDAQ:HBAN) last issued its quarterly earnings results on Thursday, October 17th. The bank reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.03. Huntington Bancshares had a return on equity of 11.34% and a net margin of 14.77%. The company had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.86 billion. During the same quarter in the prior year, the company posted $0.36 EPS. Analysts anticipate that Huntington Bancshares will post 1.18 earnings per share for the current year.

Insider Buying and Selling at Huntington Bancshares

In other Huntington Bancshares news, insider Helga Houston sold 11,288 shares of Huntington Bancshares stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $15.02, for a total value of $169,545.76. Following the completion of the transaction, the insider now directly owns 618,832 shares in the company, valued at $9,294,856.64. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, VP Brendan A. Lawlor sold 9,050 shares of Huntington Bancshares stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $15.06, for a total transaction of $136,293.00. Following the sale, the vice president now owns 11,111 shares of the company’s stock, valued at approximately $167,331.66. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Helga Houston sold 11,288 shares of the business’s stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $15.02, for a total value of $169,545.76. Following the sale, the insider now directly owns 618,832 shares in the company, valued at approximately $9,294,856.64. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.89% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Huntington Bancshares

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Boston Partners grew its position in Huntington Bancshares by 20.4% during the 1st quarter. Boston Partners now owns 56,175,987 shares of the bank’s stock worth $783,215,000 after purchasing an additional 9,533,511 shares in the last quarter. National Bank of Canada FI grew its holdings in shares of Huntington Bancshares by 832.7% during 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 acquiring an additional 2,979,768 shares in the last quarter. Scout Investments Inc. purchased a new position in shares of Huntington Bancshares during the 1st quarter valued at $35,428,000. Point72 Asset Management L.P. grew its holdings in shares of Huntington Bancshares by 194.8% during the 2nd quarter. Point72 Asset Management L.P. now owns 3,203,789 shares of the bank’s stock valued at $42,226,000 after acquiring an additional 2,116,839 shares in the last quarter. Finally, AMF Tjanstepension AB purchased a new position in shares of Huntington Bancshares during the 1st quarter valued at $24,100,000. Institutional investors own 80.72% of the company’s stock.

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.