Huntington Bancshares (NASDAQ:HBAN) Lifted to Hold at StockNews.com

Huntington Bancshares (NASDAQ:HBAN) was upgraded by equities research analysts at StockNews.com from a “sell” rating to a “hold” rating in a report issued on Monday.

Several other equities research analysts have also recently weighed in on HBAN. Bank of America increased their price objective on Huntington Bancshares from $15.00 to $17.00 and gave the company a “buy” rating in a research report on Monday, July 22nd. Baird R W lowered shares of Huntington Bancshares from a “strong-buy” rating to a “hold” rating in a research note on Friday. UBS Group decreased their price objective on shares of Huntington Bancshares from $16.00 to $15.00 and set a “buy” rating for the company in a report on Thursday, June 13th. Keefe, Bruyette & Woods lowered their target price on Huntington Bancshares from $15.00 to $14.50 and set a “market perform” rating on the stock in a research report on Tuesday, July 9th. Finally, Royal Bank of Canada lifted their price objective on shares of Huntington Bancshares from $16.00 to $17.00 and gave the stock an “outperform” rating in a research report on Monday, July 22nd. One analyst has rated the stock with a sell rating, seven have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Huntington Bancshares presently has a consensus rating of “Moderate Buy” and a consensus target price of $15.47.

Huntington Bancshares Stock Down 0.7 %

NASDAQ:HBAN traded down $0.11 during mid-day trading on Monday, reaching $15.02. The stock had a trading volume of 14,338,708 shares, compared to its average volume of 17,511,193. The company has a market capitalization of $21.77 billion, a price-to-earnings ratio of 13.53, a price-to-earnings-growth ratio of 3.09 and a beta of 1.06. Huntington Bancshares has a 1-year low of $9.25 and a 1-year high of $15.24. The stock’s 50 day simple moving average is $13.47 and its two-hundred day simple moving average is $13.33. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.89 and a quick ratio of 0.88.

Huntington Bancshares (NASDAQ:HBAN) last issued its quarterly earnings results on Friday, July 19th. The bank reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.02. Huntington Bancshares had a return on equity of 11.34% and a net margin of 14.77%. The firm had revenue of $2.97 billion during the quarter, compared to analyst estimates of $1.81 billion. During the same period last year, the company posted $0.35 EPS. Equities analysts anticipate that Huntington Bancshares will post 1.19 EPS for the current year.

Insider Transactions at Huntington Bancshares

In related news, VP Rajeev Syal sold 11,627 shares of the stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $13.67, for a total transaction of $158,941.09. Following the sale, the vice president now owns 329,607 shares of the company’s stock, valued at $4,505,727.69. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Huntington Bancshares news, VP Rajeev Syal sold 11,627 shares of Huntington Bancshares stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $13.67, for a total transaction of $158,941.09. Following the completion of the transaction, the vice president now owns 329,607 shares in the company, valued at approximately $4,505,727.69. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Kendall A. Kowalski sold 5,747 shares of Huntington Bancshares stock in a transaction on Wednesday, July 24th. The stock was sold at an average price of $14.98, for a total transaction of $86,090.06. Following the sale, the insider now directly owns 65,899 shares of the company’s stock, valued at $987,167.02. The disclosure for this sale can be found here. Insiders sold 130,900 shares of company stock valued at $1,932,719 over the last three months. Company insiders own 0.89% of the company’s stock.

Institutional Investors Weigh In On Huntington Bancshares

Several institutional investors have recently made changes to their positions in HBAN. Boston Partners boosted its stake in Huntington Bancshares by 59.3% during the 4th quarter. Boston Partners now owns 46,642,476 shares of the bank’s stock worth $593,408,000 after purchasing an additional 17,365,446 shares during the last quarter. Norges Bank acquired a new position in shares of Huntington Bancshares during the 4th quarter worth $206,703,000. KBC Group NV raised its position in shares of Huntington Bancshares by 715.0% in the fourth quarter. KBC Group NV now owns 4,251,631 shares of the bank’s stock valued at $54,081,000 after buying an additional 3,729,974 shares during the last quarter. National Bank of Canada FI lifted its stake in shares of Huntington Bancshares by 832.7% in the 1st quarter. National Bank of Canada FI now owns 3,337,625 shares of the bank’s stock valued at $46,927,000 after purchasing an additional 2,979,768 shares in the last quarter. Finally, Scout Investments Inc. purchased a new position in shares of Huntington Bancshares in the first quarter valued at $35,428,000. Institutional investors own 80.72% 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.