Huntington Bancshares (NASDAQ:HBAN) Issues Quarterly Earnings Results

Huntington Bancshares (NASDAQ:HBAN) posted its quarterly earnings results on Friday. The bank reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.03, Zacks reports. Huntington Bancshares had a return on equity of 10.72% and a net margin of 14.19%. During the same period in the previous year, the company earned $0.27 earnings per share.

Huntington Bancshares Trading Down 1.2 %

Shares of NASDAQ HBAN opened at $16.84 on Friday. The business has a 50-day moving average price of $17.07 and a two-hundred day moving average price of $15.43. Huntington Bancshares has a one year low of $12.02 and a one year high of $18.44. The firm has a market capitalization of $24.47 billion, a PE ratio of 16.19, a PEG ratio of 2.51 and a beta of 1.07. The company has a current ratio of 0.88, a quick ratio of 0.87 and a debt-to-equity ratio of 0.86.

Analyst Upgrades and Downgrades

HBAN has been the subject of a number of research reports. Citigroup upped their target price on shares of Huntington Bancshares from $18.00 to $21.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. StockNews.com upgraded Huntington Bancshares from a “sell” rating to a “hold” rating in a research note on Thursday, December 12th. Sandler O’Neill reissued a “buy” rating on shares of Huntington Bancshares in a research report on Friday, October 18th. Royal Bank of Canada reiterated an “outperform” rating and set a $20.00 price objective on shares of Huntington Bancshares in a research note on Monday, December 23rd. Finally, Barclays upped their target price on Huntington Bancshares from $17.00 to $19.00 and gave the stock an “equal weight” rating in a research note on Monday, January 6th. One research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $17.76.

Insiders Place Their Bets

In other Huntington Bancshares news, insider Helga Houston sold 6,455 shares of the business’s stock in a transaction on Wednesday, October 23rd. The shares were sold at an average price of $15.43, for a total value of $99,600.65. Following the sale, the insider now owns 558,342 shares of the company’s stock, valued at $8,615,217.06. The trade was a 1.14 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Zachary Jacob Wasserman sold 8,644 shares of the 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 transaction, the chief financial officer now owns 259,943 shares of the company’s stock, valued at $4,582,795.09. This represents a 3.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 43,699 shares of company stock valued at $757,356 in the last three months. Insiders own 0.92% of the company’s stock.

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.