Huntington Bancshares (NASDAQ:HBAN) was downgraded by equities research analysts at UBS Group from a “buy” rating to a “neutral” rating in a research report issued on Friday, The Fly reports.
Other research analysts have also issued reports about the stock. Bank of America lowered shares of Huntington Bancshares from a “buy” rating to a “neutral” rating and set a $15.00 price objective for the company. in a report on Friday, October 25th. BidaskClub upgraded shares of Huntington Bancshares from a “hold” rating to a “buy” rating in a report on Wednesday. ValuEngine lowered shares of Huntington Bancshares from a “hold” rating to a “sell” rating in a report on Wednesday. DA Davidson restated a “neutral” rating on shares of Huntington Bancshares in a report on Monday, November 18th. Finally, Raymond James restated a “buy” rating and issued a $16.00 price objective on shares of Huntington Bancshares in a report on Friday, October 25th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $15.10.
Shares of HBAN opened at $15.60 on Friday. The company has a quick ratio of 0.90, a current ratio of 0.91 and a debt-to-equity ratio of 0.92. Huntington Bancshares has a twelve month low of $11.12 and a twelve month high of $15.63. The stock has a market capitalization of $15.71 billion, a P/E ratio of 13.00, a PEG ratio of 2.86 and a beta of 1.45. The firm has a fifty day simple moving average of $14.79 and a two-hundred day simple moving average of $13.92.
Huntington Bancshares (NASDAQ:HBAN) last issued its quarterly earnings data on Thursday, October 24th. The bank reported $0.34 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.33 by $0.01. Huntington Bancshares had a net margin of 25.24% and a return on equity of 13.83%. The business had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.17 billion. During the same period in the prior year, the business earned $0.33 EPS. The company’s revenue for the quarter was up 3.6% on a year-over-year basis. Sell-side analysts expect that Huntington Bancshares will post 1.3 EPS for the current fiscal year.
In related news, insider Helga Houston sold 14,055 shares of the stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $14.23, for a total value of $200,002.65. Following the completion of the transaction, the insider now directly owns 474,498 shares in the company, valued at approximately $6,752,106.54. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Rajeev Syal sold 25,167 shares of the stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $14.50, for a total transaction of $364,921.50. Following the completion of the transaction, the executive vice president now owns 182,143 shares of the company’s stock, valued at $2,641,073.50. The disclosure for this sale can be found here. Over the last quarter, insiders sold 93,108 shares of company stock valued at $1,352,544. 1.22% of the stock is owned by company insiders.
Several institutional investors have recently modified their holdings of HBAN. Baystate Wealth Management LLC bought a new position in shares of Huntington Bancshares in the 3rd quarter worth about $31,000. HM Payson & Co. bought a new position in shares of Huntington Bancshares in the 2nd quarter worth about $40,000. Synovus Financial Corp increased its stake in Huntington Bancshares by 135.5% during the 3rd quarter. Synovus Financial Corp now owns 2,777 shares of the bank’s stock valued at $40,000 after purchasing an additional 1,598 shares in the last quarter. Horan Capital Advisors LLC. bought a new stake in Huntington Bancshares during the 3rd quarter valued at about $41,000. Finally, Golden State Wealth Management LLC bought a new stake in Huntington Bancshares during the 3rd quarter valued at about $43,000. Institutional investors own 74.88% of the company’s stock.
Huntington Bancshares Company Profile
Huntington Bancshares Incorporated operates as a holding company for The Huntington National Bank that provides commercial, small business, consumer, and mortgage banking services. The company operates through four business segments: Consumer and Business Banking, Commercial Banking, Vehicle Finance, and Regional Banking and The Huntington Private Client Group (RBHPCG).
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