Barclays Boosts Huntington Bancshares (NASDAQ:HBAN) Price Target to $19.00

Huntington Bancshares (NASDAQ:HBAN) had its price objective boosted by equities research analysts at Barclays from $17.00 to $19.00 in a report issued on Monday,Benzinga reports. The brokerage currently has an “equal weight” rating on the bank’s stock. Barclays‘s price objective points to a potential upside of 14.80% from the stock’s previous close.

HBAN has been the topic of several other reports. Sandler O’Neill reissued a “buy” rating on shares of Huntington Bancshares in a research report on Friday, October 18th. Evercore ISI boosted their price objective on shares of Huntington Bancshares from $17.00 to $18.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a $20.00 target price (up from $18.50) on shares of Huntington Bancshares in a research report on Wednesday, December 4th. Piper Sandler boosted their price target on Huntington Bancshares from $15.00 to $17.50 and gave the company an “underweight” rating in a research report on Tuesday, December 3rd. Finally, Citigroup raised their price objective on Huntington Bancshares from $18.00 to $21.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $17.76.

Huntington Bancshares Stock Up 0.1 %

HBAN stock opened at $16.55 on Monday. Huntington Bancshares has a one year low of $12.02 and a one year high of $18.44. The stock has a market capitalization of $24.04 billion, a P/E ratio of 15.91, a PEG ratio of 3.42 and a beta of 1.07. The company has a 50 day moving average price of $17.01 and a two-hundred day moving average price of $15.28. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.87 and a current ratio of 0.88.

Huntington Bancshares (NASDAQ:HBAN) last released its earnings results on Thursday, October 17th. The bank reported $0.33 EPS for the quarter, beating the consensus estimate of $0.30 by $0.03. Huntington Bancshares had a return on equity of 10.72% and a net margin of 14.19%. The firm had revenue of $1.89 billion during the quarter, compared to analyst estimates of $1.86 billion. During the same period in the prior year, the firm posted $0.36 earnings per share. As a group, sell-side analysts expect that Huntington Bancshares will post 1.22 EPS for the current year.

Insider Buying and Selling at Huntington Bancshares

In other Huntington Bancshares news, VP Scott D. Kleinman sold 28,600 shares of the stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $17.67, for a total transaction of $505,362.00. Following the transaction, the vice president now owns 496,076 shares of the company’s stock, valued at $8,765,662.92. This trade represents a 5.45 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Zachary Jacob Wasserman sold 8,644 shares of the business’s stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $17.63, for a total value of $152,393.72. Following the completion of the sale, the chief financial officer now owns 259,943 shares of the company’s stock, valued at $4,582,795.09. This trade represents a 3.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 43,699 shares of company stock worth $757,356 in the last ninety days. 0.89% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Arvest Bank Trust Division bought a new position in Huntington Bancshares in the third quarter worth about $2,381,000. Heritage Wealth Management Inc. bought a new stake in shares of Huntington Bancshares in the 2nd quarter worth approximately $744,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Huntington Bancshares by 5.6% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 844,466 shares of the bank’s stock valued at $12,414,000 after purchasing an additional 44,662 shares during the period. Petiole USA ltd bought a new position in Huntington Bancshares during the 3rd quarter worth $3,454,000. Finally, Franklin Resources Inc. increased its position in Huntington Bancshares by 3.2% in the third quarter. Franklin Resources Inc. now owns 1,797,771 shares of the bank’s stock worth $27,901,000 after buying an additional 55,602 shares during the period. 80.72% of the stock is currently 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 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.