Huntington Bancshares (NASDAQ:HBAN – Get Rating) was downgraded by StockNews.com from a “hold” rating to a “sell” rating in a research report issued on Wednesday.
Several other analysts also recently issued reports on HBAN. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Huntington Bancshares in a research report on Friday, December 17th. Morgan Stanley decreased their price target on shares of Huntington Bancshares from $18.00 to $17.00 and set an “equal weight” rating for the company in a research report on Monday, March 28th. Bank of America downgraded shares of Huntington Bancshares from a “buy” rating to a “neutral” rating and set a $16.00 price target for the company. in a research report on Friday, April 8th. Barclays downgraded shares of Huntington Bancshares from an “equal weight” rating to an “underweight” rating and set a $17.00 price target for the company. in a research report on Monday, January 3rd. Finally, Raymond James decreased their price target on shares of Huntington Bancshares from $20.00 to $19.00 and set a “strong-buy” rating for the company in a research report on Monday, January 24th. Two analysts have rated the stock with a sell rating, five have given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $18.00.
Shares of NASDAQ:HBAN opened at $13.47 on Wednesday. The company has a quick ratio of 0.81, a current ratio of 0.82 and a debt-to-equity ratio of 0.41. Huntington Bancshares has a 52-week low of $13.01 and a 52-week high of $17.79. The company has a 50 day moving average of $15.10 and a two-hundred day moving average of $15.62. The company has a market capitalization of $19.46 billion, a price-to-earnings ratio of 9.90, a price-to-earnings-growth ratio of 0.42 and a beta of 1.19.
Huntington Bancshares (NASDAQ:HBAN – Get Rating) last issued its quarterly earnings data on Friday, January 21st. The bank reported $0.36 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by ($0.01). Huntington Bancshares had a net margin of 30.05% and a return on equity of 13.42%. The firm had revenue of $1.65 billion during the quarter, compared to analyst estimates of $1.69 billion. During the same period last year, the business earned $0.27 EPS. On average, equities analysts anticipate that Huntington Bancshares will post 1.37 earnings per share for the current year.
In related news, General Counsel Jana J. Litsey sold 6,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 18th. The shares were sold at an average price of $17.75, for a total transaction of $106,500.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Scott D. Kleinman sold 8,290 shares of the firm’s stock in a transaction that occurred on Tuesday, March 22nd. The stock was sold at an average price of $15.50, for a total transaction of $128,495.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 17,374 shares of company stock valued at $289,397. 0.72% of the stock is owned by insiders.
A number of hedge funds have recently added to or reduced their stakes in the business. Brookstone Capital Management lifted its position in Huntington Bancshares by 24.3% in the 1st quarter. Brookstone Capital Management now owns 384,692 shares of the bank’s stock worth $5,309,000 after buying an additional 75,137 shares in the last quarter. Carnegie Capital Asset Management LLC lifted its stake in shares of Huntington Bancshares by 3.7% in the 1st quarter. Carnegie Capital Asset Management LLC now owns 604,998 shares of the bank’s stock valued at $8,845,000 after purchasing an additional 21,707 shares during the last quarter. Ridgewood Investments LLC acquired a new stake in shares of Huntington Bancshares in the 1st quarter valued at $450,000. Trilogy Capital Inc. boosted its holdings in Huntington Bancshares by 20.4% in the first quarter. Trilogy Capital Inc. now owns 81,420 shares of the bank’s stock worth $1,190,000 after purchasing an additional 13,774 shares in the last quarter. Finally, Contravisory Investment Management Inc. increased its position in Huntington Bancshares by 2.2% during the first quarter. Contravisory Investment Management Inc. now owns 381,186 shares of the bank’s stock worth $5,573,000 after buying an additional 8,125 shares during the last quarter. Institutional investors own 78.27% of the company’s stock.
Huntington Bancshares Company Profile
Huntington Bancshares, Inc operates as a bank holding company. It 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, other financial products and services.