Stephens Reaffirms Equal Weight Rating for Huntington Bancshares (NASDAQ:HBAN)

Huntington Bancshares (NASDAQ:HBAN - Get Free Report)'s stock had its "equal weight" rating restated by analysts at Stephens in a report issued on Friday,Benzinga reports. They currently have a $18.50 price objective on the bank's stock. Stephens' target price indicates a potential upside of 9.73% from the stock's previous close.

Several other research analysts have also recently issued reports on HBAN. Keefe, Bruyette & Woods upped their price objective on Huntington Bancshares from $16.00 to $19.00 and gave the stock a "market perform" rating in a research report on Wednesday, December 4th. JPMorgan Chase & Co. reaffirmed an "overweight" rating and set a $20.00 price objective (up from $18.50) on shares of Huntington Bancshares in a research report on Wednesday, December 4th. Barclays upped their price objective on Huntington Bancshares from $17.00 to $19.00 and gave the stock an "equal weight" rating in a research report on Monday, January 6th. The Goldman Sachs Group boosted their target price on Huntington Bancshares from $16.25 to $20.00 and gave the company a "buy" rating in a report on Tuesday, November 26th. Finally, DA Davidson boosted their target price on Huntington Bancshares from $16.50 to $17.50 and gave the company a "buy" rating in a report on Monday, October 21st. One research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $18.06.

Huntington Bancshares Stock Up 0.8 %

HBAN traded up $0.13 on Friday, hitting $16.86. 18,784,251 shares of the company were exchanged, compared to its average volume of 19,541,684. Huntington Bancshares has a twelve month low of $12.05 and a twelve month high of $18.44. The company has a market cap of $24.49 billion, a price-to-earnings ratio of 13.71, a price-to-earnings-growth ratio of 1.41 and a beta of 1.07. The company has a current ratio of 0.89, a quick ratio of 0.88 and a debt-to-equity ratio of 0.92. The firm has a 50-day moving average price of $16.82 and a two-hundred day moving average price of $15.83.

Huntington Bancshares (NASDAQ:HBAN - Get Free Report) last released its quarterly earnings data on Friday, January 17th. The bank reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.03. Huntington Bancshares had a return on equity of 11.23% and a net margin of 16.23%. During the same quarter in the previous year, the company posted $0.27 earnings per share. On average, equities analysts predict that Huntington Bancshares will post 1.4 earnings per share for the current year.

Insider Transactions at Huntington Bancshares

In other 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 completion of the transaction, the vice president now directly owns 496,076 shares of the company's stock, valued at approximately $8,765,662.92. This represents a 5.45 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Zachary Jacob Wasserman sold 8,644 shares of the company's stock in a transaction that occurred 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 in the company, valued at approximately $4,582,795.09. This represents a 3.22 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.89% of the company's stock.

Institutional Investors Weigh In On Huntington Bancshares

A number of institutional investors and hedge funds have recently modified their holdings of the company. Prudential Financial Inc. grew its holdings in shares of Huntington Bancshares by 3.3% in the 4th quarter. Prudential Financial Inc. now owns 1,216,233 shares of the bank's stock worth $19,788,000 after acquiring an additional 38,816 shares during the period. Fox Run Management L.L.C. acquired a new stake in shares of Huntington Bancshares in the 4th quarter worth approximately $166,000. KLP Kapitalforvaltning AS acquired a new stake in shares of Huntington Bancshares in the 4th quarter worth approximately $8,035,000. Sei Investments Co. grew its holdings in shares of Huntington Bancshares by 1.8% in the 4th quarter. Sei Investments Co. now owns 665,682 shares of the bank's stock worth $10,831,000 after acquiring an additional 11,492 shares during the period. Finally, Mizuho Securities USA LLC grew its holdings in shares of Huntington Bancshares by 46.2% in the 4th quarter. Mizuho Securities USA LLC now owns 137,694 shares of the bank's stock worth $2,240,000 after acquiring an additional 43,511 shares during the period. Institutional investors and hedge funds own 80.72% of the company's stock.

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.