Huntington Bancshares Incorporated (NASDAQ:HBAN) Given Consensus Rating of “Hold” by Analysts

Shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) have earned an average rating of “Hold” from the thirteen brokerages that are currently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $15.09.

A number of brokerages have recently issued reports on HBAN. BMO Capital Markets downgraded shares of Huntington Bancshares from a “market perform” rating to an “underperform” rating and set a $14.00 price target on the stock. in a report on Monday, July 8th. Raymond James set a $14.00 price target on shares of Huntington Bancshares and gave the stock a “buy” rating in a report on Thursday, August 29th. BidaskClub raised shares of Huntington Bancshares from a “sell” rating to a “hold” rating in a report on Monday, September 2nd. Nomura set a $14.00 price target on shares of Huntington Bancshares and gave the stock a “hold” rating in a report on Friday, July 26th. Finally, ValuEngine raised shares of Huntington Bancshares from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd.

In related news, EVP Nancy E. Maloney sold 2,604 shares of the firm’s stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $14.57, for a total value of $37,940.28. Following the sale, the executive vice president now directly owns 80,103 shares of the company’s stock, valued at $1,167,100.71. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.22% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Cornerstone Advisors Inc. grew its position in Huntington Bancshares by 106.5% during the second quarter. Cornerstone Advisors Inc. now owns 2,305 shares of the bank’s stock valued at $32,000 after acquiring an additional 1,189 shares during the last quarter. HM Payson & Co. bought a new position in Huntington Bancshares during the second quarter valued at approximately $40,000. CSat Investment Advisory L.P. grew its position in Huntington Bancshares by 155.7% during the second quarter. CSat Investment Advisory L.P. now owns 3,759 shares of the bank’s stock valued at $52,000 after acquiring an additional 2,289 shares during the last quarter. Wealthcare Advisory Partners LLC grew its position in Huntington Bancshares by 55.7% during the third quarter. Wealthcare Advisory Partners LLC now owns 3,774 shares of the bank’s stock valued at $54,000 after acquiring an additional 1,350 shares during the last quarter. Finally, AdvisorNet Financial Inc grew its position in Huntington Bancshares by 28.5% during the second quarter. AdvisorNet Financial Inc now owns 4,414 shares of the bank’s stock valued at $61,000 after acquiring an additional 980 shares during the last quarter. 75.13% of the stock is currently owned by institutional investors and hedge funds.

Shares of Huntington Bancshares stock traded up $0.16 on Monday, reaching $14.35. The stock had a trading volume of 5,750,489 shares, compared to its average volume of 10,621,713. Huntington Bancshares has a 1 year low of $11.12 and a 1 year high of $14.97. The company has a market cap of $14.72 billion, a P/E ratio of 11.95, a price-to-earnings-growth ratio of 1.42 and a beta of 1.45. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.86. The business’s 50 day moving average is $14.01 and its two-hundred day moving average is $13.58.

Huntington Bancshares (NASDAQ:HBAN) last announced its quarterly earnings results on Thursday, July 25th. The bank reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.01. Huntington Bancshares had a net margin of 25.77% and a return on equity of 14.23%. The firm had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.18 billion. During the same period in the prior year, the firm posted $0.30 earnings per share. The company’s revenue for the quarter was up 5.9% on a year-over-year basis. On average, equities analysts anticipate that Huntington Bancshares will post 1.31 EPS for the current fiscal year.

Huntington Bancshares Company Profile

Huntington Bancshares Incorporated operates as a holding company for The Huntington National Bank that provides commercial, small business, consumer, and mortgage banking services. The company operates through four business segments: Consumer and Business Banking, Commercial Banking, Vehicle Finance, and Regional Banking and The Huntington Private Client Group (RBHPCG).

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Analyst Recommendations for Huntington Bancshares (NASDAQ:HBAN)

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