Other research analysts have also recently issued research reports about the company. DA Davidson cut Huntington Bancshares from a “buy” rating to a “neutral” rating and set a $16.00 price target on the stock. in a research report on Friday, September 13th. They noted that the move was a valuation call. Nomura set a $14.00 price target on Huntington Bancshares and gave the company a “hold” rating in a research report on Friday, July 26th. BMO Capital Markets cut Huntington Bancshares from a “market perform” rating to an “underperform” rating and set a $14.00 price target on the stock. in a research report on Monday, July 8th. Raymond James set a $14.00 price target on Huntington Bancshares and gave the company a “buy” rating in a research report on Thursday, August 29th. Finally, BidaskClub raised Huntington Bancshares from a “sell” rating to a “hold” rating in a report on Monday, September 2nd. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company. Huntington Bancshares presently has an average rating of “Hold” and an average target price of $15.09.
Shares of NASDAQ HBAN opened at $14.43 on Monday. Huntington Bancshares has a one year low of $11.12 and a one year high of $14.97. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.90 and a quick ratio of 0.90. The business’s fifty day moving average price is $14.09 and its 200-day moving average price is $13.61. The stock has a market capitalization of $14.73 billion, a PE ratio of 12.03, a P/E/G ratio of 1.42 and a beta of 1.45.
In related news, EVP Nancy E. Maloney sold 2,604 shares of the stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $14.57, for a total transaction of $37,940.28. Following the sale, the executive vice president now owns 80,103 shares of the company’s stock, valued at approximately $1,167,100.71. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.22% of the company’s stock.
A number of institutional investors and hedge funds have recently modified their holdings of HBAN. First Trust Advisors LP increased its stake in Huntington Bancshares by 18.2% in the 1st quarter. First Trust Advisors LP now owns 1,954,053 shares of the bank’s stock worth $24,777,000 after acquiring an additional 300,952 shares during the last quarter. Marshall Wace LLP bought a new position in Huntington Bancshares in the 1st quarter worth about $1,937,000. Advisory Services Network LLC increased its stake in Huntington Bancshares by 34.5% in the 1st quarter. Advisory Services Network LLC now owns 7,620 shares of the bank’s stock worth $97,000 after acquiring an additional 1,954 shares during the last quarter. Private Trust Co. NA increased its stake in Huntington Bancshares by 100.7% in the 2nd quarter. Private Trust Co. NA now owns 42,998 shares of the bank’s stock worth $594,000 after acquiring an additional 21,573 shares during the last quarter. Finally, Macnealy Hoover Investment Management Inc. increased its stake in Huntington Bancshares by 3.9% in the 2nd quarter. Macnealy Hoover Investment Management Inc. now owns 165,759 shares of the bank’s stock worth $2,291,000 after acquiring an additional 6,280 shares during the last quarter. 75.13% of the stock is currently owned by institutional investors and hedge funds.
About Huntington Bancshares
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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