Huntington Bancshares (NASDAQ:HBAN - Get Free Report) had its price target reduced by equities research analysts at Morgan Stanley from $22.00 to $20.00 in a research note issued on Thursday,Benzinga reports. The firm currently has an "overweight" rating on the bank's stock. Morgan Stanley's price objective points to a potential upside of 39.23% from the stock's previous close.
HBAN has been the subject of several other research reports. Piper Sandler cut their target price on Huntington Bancshares from $17.50 to $17.00 and set an "underweight" rating for the company in a research report on Tuesday, January 21st. Royal Bank of Canada reiterated an "outperform" rating and set a $20.00 price objective on shares of Huntington Bancshares in a research report on Tuesday, January 21st. Robert W. Baird upgraded shares of Huntington Bancshares from a "neutral" rating to an "outperform" rating and set a $18.00 price target on the stock in a report on Friday, March 7th. Keefe, Bruyette & Woods raised their price objective on Huntington Bancshares from $16.00 to $19.00 and gave the company a "market perform" rating in a research report on Wednesday, December 4th. Finally, Truist Financial boosted their target price on Huntington Bancshares from $19.00 to $21.00 and gave the stock a "buy" rating in a research report on Tuesday, January 21st. One analyst has rated the stock with a sell rating, four have assigned a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $18.35.
Read Our Latest Report on Huntington Bancshares
Huntington Bancshares Stock Performance
Shares of HBAN stock traded down $0.19 during trading hours on Thursday, reaching $14.37. 9,158,856 shares of the company traded hands, compared to its average volume of 21,289,107. The firm has a 50-day moving average price of $16.45 and a 200 day moving average price of $16.12. The company has a market cap of $20.88 billion, a P/E ratio of 11.68, a P/E/G ratio of 1.33 and a beta of 1.07. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.89 and a quick ratio of 0.88. Huntington Bancshares has a 12-month low of $12.05 and a 12-month high of $18.44.
Huntington Bancshares (NASDAQ:HBAN - Get Free Report) last announced its quarterly earnings data on Friday, January 17th. The bank reported $0.34 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.31 by $0.03. Huntington Bancshares had a net margin of 16.23% and a return on equity of 11.23%. During the same period in the previous year, the firm earned $0.27 earnings per share. As a group, sell-side analysts predict that Huntington Bancshares will post 1.39 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Huntington Bancshares
Hedge funds and other institutional investors have recently bought and sold shares of the business. Creative Capital Management Investments LLC lifted its holdings in Huntington Bancshares by 17,533.3% in the fourth quarter. Creative Capital Management Investments LLC now owns 1,587 shares of the bank's stock valued at $26,000 after acquiring an additional 1,578 shares during the period. Y.D. More Investments Ltd lifted its stake in shares of Huntington Bancshares by 126.8% in the 4th quarter. Y.D. More Investments Ltd now owns 1,830 shares of the bank's stock valued at $30,000 after purchasing an additional 1,023 shares during the period. Midwest Capital Advisors LLC purchased a new stake in Huntington Bancshares during the fourth quarter worth $37,000. Transce3nd LLC purchased a new position in Huntington Bancshares in the fourth quarter valued at $48,000. Finally, Asset Dedication LLC raised its position in shares of Huntington Bancshares by 70.0% in the fourth quarter. Asset Dedication LLC now owns 3,061 shares of the bank's stock worth $50,000 after acquiring an additional 1,260 shares during the period. Institutional investors and hedge funds own 80.72% of the company's stock.
Huntington Bancshares Company Profile
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Get Free Report)
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.
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