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

Huntington Bancshares (NASDAQ:HBAN) had its price target raised by Barclays from $17.00 to $19.00 in a research note issued to investors on Monday,Benzinga reports. The firm presently has an “equal weight” rating on the bank’s stock. Barclays‘s target price indicates a potential upside of 13.64% from the company’s current price.

Several other analysts also recently issued reports on the stock. Piper Sandler raised their price objective on shares of Huntington Bancshares from $15.00 to $17.50 and gave the stock an “underweight” rating in a research note on Tuesday, December 3rd. The Goldman Sachs Group boosted their price objective on Huntington Bancshares from $16.25 to $20.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Royal Bank of Canada reiterated an “outperform” rating and issued a $20.00 target price on shares of Huntington Bancshares in a research note on Monday, December 23rd. Sandler O’Neill reissued a “buy” rating on shares of Huntington Bancshares in a research note on Friday, October 18th. Finally, DA Davidson raised their price target on shares of Huntington Bancshares from $16.50 to $17.50 and gave the stock a “buy” rating in a research note on Monday, October 21st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $17.69.

Huntington Bancshares Trading Up 1.6 %

Shares of NASDAQ:HBAN traded up $0.27 during trading on Monday, hitting $16.72. The company had a trading volume of 8,794,082 shares, compared to its average volume of 14,389,344. The stock has a market cap of $24.29 billion, a price-to-earnings ratio of 16.08, a price-to-earnings-growth ratio of 3.42 and a beta of 1.07. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.88 and a quick ratio of 0.87. The company has a fifty day simple moving average of $16.98 and a two-hundred day simple moving average of $15.23. Huntington Bancshares has a one year low of $12.02 and a one year high of $18.44.

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

Insider Buying and Selling at Huntington Bancshares

In other news, CFO Zachary Jacob Wasserman sold 8,644 shares of the firm’s stock in a transaction on Wednesday, November 13th. The stock was 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Helga Houston sold 6,455 shares of the company’s stock in a transaction dated Wednesday, October 23rd. The shares were sold at an average price of $15.43, for a total value of $99,600.65. Following the transaction, the insider now directly owns 558,342 shares in the company, valued at $8,615,217.06. This represents a 1.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 43,699 shares of company stock valued at $757,356. 0.89% of the stock is currently owned by insiders.

Institutional Trading of Huntington Bancshares

A number of institutional investors have recently bought and sold shares of HBAN. Asset Dedication LLC raised its holdings in shares of Huntington Bancshares by 200.7% in the third quarter. Asset Dedication LLC now owns 1,801 shares of the bank’s stock worth $26,000 after buying an additional 1,202 shares during the last quarter. Peoples Bank KS acquired a new position in shares of Huntington Bancshares in the 3rd quarter valued at $29,000. Hazlett Burt & Watson Inc. raised its stake in Huntington Bancshares by 695.5% in the 2nd quarter. Hazlett Burt & Watson Inc. now owns 2,291 shares of the bank’s stock worth $30,000 after acquiring an additional 2,003 shares during the last quarter. Future Financial Wealth Managment LLC acquired a new stake in Huntington Bancshares during the 3rd quarter worth about $31,000. Finally, Fortitude Family Office LLC acquired a new position in shares of Huntington Bancshares in the third quarter valued at about $32,000. 80.72% of the stock is currently owned by institutional investors and hedge funds.

About Huntington Bancshares

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.