Huntington Bancshares (NASDAQ:HBAN) Given New $17.50 Price Target at DA Davidson

Huntington Bancshares (NASDAQ:HBAN) had its price objective hoisted by investment analysts at DA Davidson from $16.50 to $17.50 in a research report issued to clients and investors on Monday, Benzinga reports. The brokerage presently has a “buy” rating on the bank’s stock. DA Davidson’s price target points to a potential upside of 12.61% from the stock’s previous close.

A number of other analysts have also recently weighed in on the stock. Sandler O’Neill reissued a “buy” rating on shares of Huntington Bancshares in a research note on Friday. Evercore ISI lowered their target price on shares of Huntington Bancshares from $17.50 to $17.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 2nd. Royal Bank of Canada reissued an “outperform” rating and issued a $17.00 target price on shares of Huntington Bancshares in a research note on Friday, October 18th. Barclays upped their price objective on shares of Huntington Bancshares from $15.00 to $17.00 and gave the stock an “equal weight” rating in a research note on Friday, October 18th. Finally, Bank of America upped their price objective on shares of Huntington Bancshares from $15.00 to $17.00 and gave the stock a “buy” rating in a research note on Monday, July 22nd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $16.03.

Huntington Bancshares Stock Up 1.8 %

Huntington Bancshares stock opened at $15.54 on Monday. The firm has a market cap of $22.52 billion, a price-to-earnings ratio of 14.00, a P/E/G ratio of 2.77 and a beta of 1.04. 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 has a fifty-two week low of $9.25 and a fifty-two week high of $16.03. The firm has a fifty day moving average price of $14.60 and a two-hundred day moving average price of $13.95.

Huntington Bancshares (NASDAQ:HBAN) last announced its quarterly earnings data on Thursday, October 17th. The bank reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.03. The business had revenue of $1.89 billion during the quarter, compared to analyst estimates of $1.86 billion. Huntington Bancshares had a net margin of 14.77% and a return on equity of 11.34%. During the same quarter in the prior year, the business earned $0.36 earnings per share. As a group, analysts forecast that Huntington Bancshares will post 1.18 earnings per share for the current year.

Insider Activity at Huntington Bancshares

In other Huntington Bancshares news, insider Helga Houston sold 11,288 shares of the stock in a transaction on Monday, July 29th. The shares were sold at an average price of $15.02, for a total value of $169,545.76. Following the sale, the insider now directly owns 618,832 shares in the company, valued at approximately $9,294,856.64. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, insider Helga Houston sold 11,288 shares of Huntington Bancshares stock in a transaction on Monday, July 29th. The shares were sold at an average price of $15.02, for a total transaction of $169,545.76. Following the transaction, the insider now directly owns 618,832 shares of the company’s stock, valued at $9,294,856.64. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Brendan A. Lawlor sold 9,050 shares of Huntington Bancshares stock in a transaction on Monday, July 29th. The stock was sold at an average price of $15.06, for a total transaction of $136,293.00. Following the transaction, the vice president now directly owns 11,111 shares in the company, valued at approximately $167,331.66. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.89% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Huntington Bancshares

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Asset Dedication LLC raised its holdings in shares of Huntington Bancshares by 200.7% during the third quarter. Asset Dedication LLC now owns 1,801 shares of the bank’s stock worth $26,000 after acquiring an additional 1,202 shares during the period. Future Financial Wealth Managment LLC acquired a new stake in Huntington Bancshares in the 1st quarter valued at $29,000. Peoples Bank KS acquired a new stake in Huntington Bancshares in the 3rd quarter valued at $29,000. Hazlett Burt & Watson Inc. increased its stake in shares of Huntington Bancshares by 695.5% during the 2nd quarter. Hazlett Burt & Watson Inc. now owns 2,291 shares of the bank’s stock worth $30,000 after purchasing an additional 2,003 shares during the last quarter. Finally, Register Financial Advisors LLC acquired a new position in shares of Huntington Bancshares during the 1st quarter worth about $40,000. 80.72% of the stock is currently owned by institutional investors and hedge funds.

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.