Keefe, Bruyette & Woods Reiterates Hold Rating for Huntington Bancshares (HBAN)
Huntington Bancshares (NASDAQ:HBAN)‘s stock had its “hold” rating reiterated by research analysts at Keefe, Bruyette & Woods in a note issued to investors on Friday. They presently have a $16.25 price objective on the bank’s stock. Keefe, Bruyette & Woods’ price objective points to a potential upside of 9.95% from the company’s current price.
A number of other research analysts have also issued reports on the company. BidaskClub upgraded Huntington Bancshares from a “hold” rating to a “buy” rating in a report on Friday. Morgan Stanley lifted their target price on Huntington Bancshares from $14.50 to $16.50 and gave the stock an “equal weight” rating in a research report on Wednesday, December 13th. FBR & Co reiterated a “hold” rating and set a $14.00 target price on shares of Huntington Bancshares in a research report on Thursday, October 26th. Nomura boosted their price target on Huntington Bancshares from $16.00 to $17.00 and gave the company a “buy” rating in a research report on Thursday, October 26th. Finally, BMO Capital Markets cut Huntington Bancshares from an “outperform” rating to a “market perform” rating and set a $16.00 price target on the stock. in a research report on Thursday, October 26th. Five research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $15.77.
Huntington Bancshares (HBAN) opened at $14.78 on Friday. Huntington Bancshares has a 52-week low of $12.14 and a 52-week high of $14.93. The company has a market capitalization of $16,041.24, a price-to-earnings ratio of 18.25, a PEG ratio of 1.69 and a beta of 1.33. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.87 and a current ratio of 0.88.
Huntington Bancshares (NASDAQ:HBAN) last released its quarterly earnings results on Wednesday, October 25th. The bank reported $0.23 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.02). Huntington Bancshares had a return on equity of 11.96% and a net margin of 20.76%. The firm had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.10 billion. During the same quarter in the prior year, the business earned $0.11 earnings per share. equities research analysts predict that Huntington Bancshares will post 0.98 EPS for the current year.
In other Huntington Bancshares news, insider Helga Houston sold 14,513 shares of Huntington Bancshares stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $13.77, for a total value of $199,844.01. Following the sale, the insider now owns 499,824 shares of the company’s stock, valued at approximately $6,882,576.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Daniel J. Neumeyer sold 43,491 shares of Huntington Bancshares stock in a transaction that occurred on Tuesday, October 31st. The shares were sold at an average price of $13.88, for a total value 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 approximately $5,930,507.60. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the business. Schwab Charles Investment Management Inc. boosted its stake in shares of Huntington Bancshares by 4.9% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 4,902,898 shares of the bank’s stock worth $66,288,000 after acquiring an additional 229,192 shares in the last quarter. Legal & General Group Plc boosted its stake in shares of Huntington Bancshares by 2.6% during the 2nd quarter. Legal & General Group Plc now owns 5,241,207 shares of the bank’s stock worth $70,857,000 after acquiring an additional 132,994 shares in the last quarter. Blair William & Co. IL boosted its stake in shares of Huntington Bancshares by 20.4% during the 2nd quarter. Blair William & Co. IL now owns 222,642 shares of the bank’s stock worth $3,010,000 after acquiring an additional 37,704 shares in the last quarter. Marshall Wace North America L.P. purchased a new stake in shares of Huntington Bancshares during the 2nd quarter worth approximately $256,000. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its stake in shares of Huntington Bancshares by 2.2% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 3,158,652 shares of the bank’s stock worth $42,705,000 after acquiring an additional 69,092 shares in the last quarter. 73.53% of the stock is currently owned by institutional investors.
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Huntington Bancshares Company Profile
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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