Shares of Huntington Bancshares Incorporated (NASDAQ:HBAN – Get Free Report) have been given a consensus recommendation of “Hold” by the fifteen brokerages that are currently covering the stock, MarketBeat.com reports. Nine research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $13.00.
HBAN has been the subject of a number of recent research reports. Jefferies Financial Group reduced their price objective on shares of Huntington Bancshares from $11.00 to $10.00 in a research note on Tuesday, October 10th. Barclays upgraded shares of Huntington Bancshares from an “underweight” rating to an “equal weight” rating and increased their price objective for the stock from $12.00 to $15.00 in a research note on Tuesday, January 2nd. Citigroup began coverage on shares of Huntington Bancshares in a research note on Friday, September 29th. They issued a “buy” rating and a $12.00 target price for the company. Raymond James raised their target price on shares of Huntington Bancshares from $13.00 to $15.00 and gave the company a “strong-buy” rating in a research note on Tuesday, December 26th. Finally, Evercore ISI upgraded shares of Huntington Bancshares from an “in-line” rating to an “outperform” rating and raised their target price for the company from $10.50 to $15.00 in a research note on Wednesday, January 3rd.
Huntington Bancshares Price Performance
Huntington Bancshares (NASDAQ:HBAN – Get Free Report) last posted its quarterly earnings data on Friday, October 20th. The bank reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.04. Huntington Bancshares had a net margin of 22.55% and a return on equity of 14.71%. The company had revenue of $2.82 billion during the quarter, compared to the consensus estimate of $1.82 billion. During the same period in the prior year, the business posted $0.39 EPS. Research analysts predict that Huntington Bancshares will post 1.35 earnings per share for the current fiscal year.
Insider Buying and Selling at Huntington Bancshares
In other Huntington Bancshares news, insider Helga Houston sold 2,750 shares of the stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $10.97, for a total value of $30,167.50. Following the transaction, the insider now directly owns 592,764 shares of the company’s stock, valued at approximately $6,502,621.08. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.89% of the company’s stock.
Institutional Inflows and Outflows
Several hedge funds have recently made changes to their positions in the business. Meiji Yasuda Asset Management Co Ltd. increased its holdings in shares of Huntington Bancshares by 1.6% during the third quarter. Meiji Yasuda Asset Management Co Ltd. now owns 53,992 shares of the bank’s stock worth $712,000 after purchasing an additional 830 shares during the period. Guardian Wealth Management Inc. increased its holdings in shares of Huntington Bancshares by 3.5% during the first quarter. Guardian Wealth Management Inc. now owns 24,852 shares of the bank’s stock worth $363,000 after purchasing an additional 835 shares during the period. SVB Wealth LLC boosted its position in shares of Huntington Bancshares by 7.7% during the 2nd quarter. SVB Wealth LLC now owns 12,038 shares of the bank’s stock worth $130,000 after acquiring an additional 861 shares in the last quarter. Baker Avenue Asset Management LP boosted its position in shares of Huntington Bancshares by 31.8% during the 3rd quarter. Baker Avenue Asset Management LP now owns 3,992 shares of the bank’s stock worth $42,000 after acquiring an additional 963 shares in the last quarter. Finally, Hexagon Capital Partners LLC boosted its position in shares of Huntington Bancshares by 31.2% during the 2nd quarter. Hexagon Capital Partners LLC now owns 4,067 shares of the bank’s stock worth $44,000 after acquiring an additional 967 shares in the last quarter. 78.68% of the stock is owned by 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 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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