Huntington Bancshares (NASDAQ:HBAN)‘s stock had its “hold” rating reissued by stock analysts at Robert W. Baird in a research report issued to clients and investors on Wednesday. They presently have a $16.00 price target on the bank’s stock. Robert W. Baird’s price target suggests a potential upside of 7.74% from the stock’s current price.
Other equities research analysts also recently issued reports about the stock. Morgan Stanley boosted their target price on shares of Huntington Bancshares from $14.50 to $16.50 and gave the company an “equal weight” rating in a report on Wednesday, December 13th. BidaskClub upgraded shares of Huntington Bancshares from a “hold” rating to a “buy” rating in a report on Friday, December 22nd. Keefe, Bruyette & Woods restated a “hold” rating and issued a $14.25 target price on shares of Huntington Bancshares in a report on Friday, October 13th. Nomura boosted their target price on shares of Huntington Bancshares from $16.00 to $17.00 and gave the company a “buy” rating in a report on Thursday, October 26th. Finally, Sanford C. Bernstein upgraded shares of Huntington Bancshares from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $15.00 to $17.00 in a report on Thursday, September 14th. Seven equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $15.98.
Shares of Huntington Bancshares (NASDAQ HBAN) traded up $0.13 during midday trading on Wednesday, hitting $14.85. 15,114,200 shares of the stock were exchanged, compared to its average volume of 14,552,934. The stock has a market capitalization of $16,190.00, a P/E ratio of 17.89, a PEG ratio of 1.52 and a beta of 1.33. Huntington Bancshares has a 1-year low of $12.14 and a 1-year high of $14.93. The company has a current ratio of 0.88, a quick ratio of 0.87 and a debt-to-equity ratio of 0.96.
In other Huntington Bancshares news, EVP Daniel J. Neumeyer sold 43,491 shares of the business’s stock in a transaction that occurred on Tuesday, October 31st. The shares were sold at an average price of $13.88, for a total transaction of $603,655.08. Following the completion of the sale, the executive vice president now directly owns 427,270 shares in the company, valued at $5,930,507.60. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Helga Houston sold 14,513 shares of the business’s stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $13.77, for a total transaction of $199,844.01. Following the sale, the insider now owns 499,824 shares of the company’s stock, valued at $6,882,576.48. The disclosure for this sale can be found here. 1.30% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in Huntington Bancshares by 0.3% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 80,766 shares of the bank’s stock worth $1,092,000 after buying an additional 216 shares during the period. Raymond James Trust N.A. lifted its position in shares of Huntington Bancshares by 1.3% during the second quarter. Raymond James Trust N.A. now owns 22,377 shares of the bank’s stock worth $303,000 after purchasing an additional 289 shares in the last quarter. Investment Centers of America Inc. lifted its position in shares of Huntington Bancshares by 0.9% during the second quarter. Investment Centers of America Inc. now owns 77,865 shares of the bank’s stock worth $1,053,000 after purchasing an additional 676 shares in the last quarter. National Asset Management Inc. lifted its position in shares of Huntington Bancshares by 5.2% during the second quarter. National Asset Management Inc. now owns 14,630 shares of the bank’s stock worth $198,000 after purchasing an additional 719 shares in the last quarter. Finally, Bronfman E.L. Rothschild L.P. lifted its position in shares of Huntington Bancshares by 8.7% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 10,382 shares of the bank’s stock worth $140,000 after purchasing an additional 834 shares in the last quarter. Institutional investors own 73.53% of the company’s stock.
About Huntington Bancshares
Huntington Bancshares Incorporated (Huntington) is a bank holding company. Through its subsidiaries, including its bank subsidiary, The Huntington National Bank (the Bank), the Company provides commercial and consumer banking services, mortgage banking services, automobile financing, recreational vehicle and marine financing, equipment leasing, investment management, trust services, brokerage services, insurance programs, and other financial products and services.
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