Huntington Bancshares (HBAN) Given “Hold” Rating at Keefe, Bruyette & Woods

Huntington Bancshares (NASDAQ:HBAN)‘s stock had its “hold” rating reissued by stock analysts at Keefe, Bruyette & Woods in a research report issued to clients and investors on Friday. They currently have a $16.25 target price on the bank’s stock. Keefe, Bruyette & Woods’ target price points to a potential upside of 9.95% from the stock’s previous close.

Other equities analysts also recently issued research reports about the stock. BidaskClub upgraded shares of Huntington Bancshares from a “hold” rating to a “buy” rating in a research note on Friday. BMO Capital Markets downgraded shares of Huntington Bancshares from an “outperform” rating to a “market perform” rating and set a $16.00 price objective for the company. in a research note on Thursday, October 26th. FBR & Co restated a “hold” rating and issued a $14.00 price objective on shares of Huntington Bancshares in a research note on Thursday, October 26th. Piper Jaffray Companies restated a “buy” rating and issued a $15.50 price objective on shares of Huntington Bancshares in a research note on Tuesday, October 17th. Finally, JMP Securities began coverage on shares of Huntington Bancshares in a research note on Thursday, August 31st. They issued an “outperform” rating and a $15.00 price objective for the company. Five research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $15.77.

Huntington Bancshares (NASDAQ:HBAN) traded down $0.06 during trading hours on Friday, reaching $14.78. The company had a trading volume of 4,921,753 shares, compared to its average volume of 9,290,000. The stock has a market capitalization of $15,980.00, a price-to-earnings ratio of 17.81, a PEG ratio of 1.66 and a beta of 1.33. The company has a quick ratio of 0.87, a current ratio of 0.88 and a debt-to-equity ratio of 0.96. Huntington Bancshares has a 52-week low of $12.14 and a 52-week high of $14.93.

Huntington Bancshares (NASDAQ:HBAN) last posted its earnings results on Wednesday, October 25th. The bank reported $0.23 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.02). Huntington Bancshares had a net margin of 20.76% and a return on equity of 11.96%. The business had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.10 billion. During the same period last year, the company earned $0.11 EPS. equities research analysts anticipate that Huntington Bancshares will post 0.98 EPS for the current fiscal year.

In other news, EVP Daniel J. Neumeyer sold 43,491 shares of the stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $13.88, for a total transaction of $603,655.08. Following the completion of the sale, the executive vice president now owns 427,270 shares in the company, valued at $5,930,507.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Helga Houston sold 14,513 shares of the stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $13.77, for a total transaction of $199,844.01. Following the sale, the insider now owns 499,824 shares of the company’s stock, valued at approximately $6,882,576.48. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently made changes to their positions in the company. Schwab Charles Investment Management Inc. lifted its position in Huntington Bancshares by 4.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 4,902,898 shares of the bank’s stock valued at $66,288,000 after purchasing an additional 229,192 shares during the period. Legal & General Group Plc lifted its position in Huntington Bancshares by 2.6% in the second quarter. Legal & General Group Plc now owns 5,241,207 shares of the bank’s stock valued at $70,857,000 after purchasing an additional 132,994 shares during the period. Blair William & Co. IL lifted its position in Huntington Bancshares by 20.4% in the second quarter. Blair William & Co. IL now owns 222,642 shares of the bank’s stock valued at $3,010,000 after purchasing an additional 37,704 shares during the period. Marshall Wace North America L.P. acquired a new stake in Huntington Bancshares in the second quarter valued at about $256,000. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its position in Huntington Bancshares by 2.2% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 3,158,652 shares of the bank’s stock valued at $42,705,000 after purchasing an additional 69,092 shares during the period. Institutional investors and hedge funds own 73.53% of the company’s stock.

WARNING: This news story was first posted by Community Financial News and is the property of of Community Financial News. If you are accessing this news story on another domain, it was copied illegally and reposted in violation of US & international trademark & copyright laws. The legal version of this news story can be viewed at https://www.com-unik.info/2017/12/22/huntington-bancshares-hban-given-hold-rating-at-keefe-bruyette-woods.html.

About Huntington Bancshares

Huntington Bancshares Incorporated (Huntington) is a bank holding company. Through its subsidiaries, including its bank subsidiary, The Huntington National Bank (the Bank), the Company provides commercial and consumer banking services, mortgage banking services, automobile financing, recreational vehicle and marine financing, equipment leasing, investment management, trust services, brokerage services, insurance programs, and other financial products and services.

Analyst Recommendations for Huntington Bancshares (NASDAQ:HBAN)

Receive News & Ratings for Huntington Bancshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Huntington Bancshares and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit