Jefferies Financial Group Lowers Huntington Bancshares (NASDAQ:HBAN) Price Target to $15.00

Huntington Bancshares (NASDAQ:HBAN) had its price objective decreased by analysts at Jefferies Financial Group from $16.00 to $15.00 in a research report issued on Wednesday, Benzinga reports. The brokerage presently has a “buy” rating on the bank’s stock. Jefferies Financial Group’s target price would indicate a potential upside of 15.03% from the company’s current price.

Several other equities analysts have also recently issued reports on HBAN. Morgan Stanley decreased their price objective on Huntington Bancshares from $16.00 to $15.00 and set an “overweight” rating for the company in a research note on Wednesday, June 12th. Bank of America upgraded Huntington Bancshares from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $14.00 to $16.00 in a research note on Monday, April 8th. StockNews.com cut Huntington Bancshares from a “hold” rating to a “sell” rating in a research note on Wednesday, June 19th. Royal Bank of Canada reiterated an “outperform” rating and issued a $16.00 price objective on shares of Huntington Bancshares in a research note on Tuesday, June 11th. Finally, UBS Group decreased their price objective on Huntington Bancshares from $16.00 to $15.00 and set a “buy” rating for the company in a research note on Thursday, June 13th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $14.97.

Huntington Bancshares Price Performance

HBAN opened at $13.04 on Wednesday. The stock’s 50-day moving average price is $13.38 and its 200 day moving average price is $13.16. Huntington Bancshares has a 12-month low of $9.25 and a 12-month high of $14.30. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.88. The firm has a market cap of $18.90 billion, a price-to-earnings ratio of 11.75, a PEG ratio of 2.51 and a beta of 1.06.

Huntington Bancshares (NASDAQ:HBAN) last posted its earnings results on Friday, April 19th. The bank reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.03. Huntington Bancshares had a return on equity of 11.99% and a net margin of 15.86%. The firm had revenue of $2.85 billion for the quarter, compared to analyst estimates of $1.74 billion. During the same quarter in the prior year, the company earned $0.38 EPS. As a group, sell-side analysts expect that Huntington Bancshares will post 1.18 earnings per share for the current year.

Insiders Place Their Bets

In other Huntington Bancshares news, insider Helga Houston sold 7,278 shares of Huntington Bancshares stock in a transaction that occurred on Thursday, May 30th. The stock was sold at an average price of $13.64, for a total transaction of $99,271.92. Following the transaction, the insider now owns 648,904 shares of the company’s stock, valued at $8,851,050.56. The transaction was disclosed in a filing with the SEC, which is available at this link. In other Huntington Bancshares news, insider Kendall A. Kowalski sold 15,948 shares of Huntington Bancshares stock in a transaction that occurred on Wednesday, April 24th. The stock was sold at an average price of $13.47, for a total value of $214,819.56. Following the transaction, the insider now directly owns 21,102 shares in the company, valued at approximately $284,243.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Helga Houston sold 7,278 shares of Huntington Bancshares stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $13.64, for a total value of $99,271.92. Following the completion of the transaction, the insider now owns 648,904 shares in the company, valued at $8,851,050.56. The disclosure for this sale can be found here. Insiders have sold a total of 157,829 shares of company stock valued at $2,148,623 over the last quarter. Company insiders own 0.92% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Future Financial Wealth Managment LLC purchased a new stake in shares of Huntington Bancshares in the first quarter valued at approximately $29,000. YHB Investment Advisors Inc. purchased a new stake in shares of Huntington Bancshares in the first quarter valued at approximately $30,000. Wetzel Investment Advisors Inc. purchased a new stake in shares of Huntington Bancshares in the fourth quarter valued at approximately $29,000. Nemes Rush Group LLC boosted its stake in shares of Huntington Bancshares by 140.9% in the fourth quarter. Nemes Rush Group LLC now owns 2,378 shares of the bank’s stock valued at $30,000 after buying an additional 1,391 shares in the last quarter. Finally, Planned Solutions Inc. purchased a new stake in shares of Huntington Bancshares in the fourth quarter valued at approximately $33,000. 80.72% of the stock is currently owned by hedge funds and other 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 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.