Huntington Bancshares (NASDAQ:HBAN) Given New $18.00 Price Target at Evercore ISI

Huntington Bancshares (NASDAQ:HBAN) had its price target hoisted by equities research analysts at Evercore ISI from $17.00 to $18.00 in a report released on Wednesday, Benzinga reports. The brokerage presently has an “outperform” rating on the bank’s stock. Evercore ISI’s price target suggests a potential upside of 15.46% from the company’s current price.

HBAN has been the subject of several other reports. Baird R W lowered shares of Huntington Bancshares from a “strong-buy” rating to a “hold” rating in a report on Friday, July 26th. DA Davidson lifted their price target on Huntington Bancshares from $16.50 to $17.50 and gave the stock a “buy” rating in a research note on Monday, October 21st. StockNews.com upgraded Huntington Bancshares from a “sell” rating to a “hold” rating in a research note on Friday, October 18th. Piper Sandler lifted their target price on Huntington Bancshares from $14.00 to $15.00 and gave the stock an “underweight” rating in a research report on Friday, October 18th. Finally, Robert W. Baird downgraded Huntington Bancshares from an “outperform” rating to a “neutral” rating and set a $15.00 price target for the company. in a report on Friday, July 26th. One analyst has rated the stock with a sell rating, six have given a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $16.09.

Huntington Bancshares Trading Down 1.0 %

NASDAQ:HBAN opened at $15.59 on Wednesday. The stock has a market cap of $22.65 billion, a price-to-earnings ratio of 14.99, a price-to-earnings-growth ratio of 3.21 and a beta of 1.04. Huntington Bancshares has a one year low of $9.49 and a one year high of $16.03. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.87 and a current ratio of 0.88. The business’s 50-day simple moving average is $14.85 and its 200 day simple moving average is $14.04.

Huntington Bancshares (NASDAQ:HBAN) last announced its earnings results on Thursday, October 17th. The bank reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.03. Huntington Bancshares had a return on equity of 10.72% and a net margin of 14.19%. The company had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.86 billion. During the same period in the prior year, the company posted $0.36 EPS. As a group, sell-side analysts predict that Huntington Bancshares will post 1.2 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Helga Houston sold 6,455 shares of the stock in a transaction that occurred on Wednesday, October 23rd. The stock was sold at an average price of $15.43, for a total value of $99,600.65. Following the completion of the transaction, the insider now directly owns 558,342 shares of the company’s stock, valued at $8,615,217.06. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.89% of the company’s stock.

Institutional Investors Weigh In On Huntington Bancshares

Several institutional investors have recently bought and sold shares of the stock. WealthShield Partners LLC raised its position in shares of Huntington Bancshares by 5.9% during the 2nd quarter. WealthShield Partners LLC now owns 12,237 shares of the bank’s stock worth $163,000 after buying an additional 683 shares in the last quarter. UMB Bank n.a. raised its holdings in Huntington Bancshares by 19.1% during the third quarter. UMB Bank n.a. now owns 4,545 shares of the bank’s stock worth $67,000 after purchasing an additional 728 shares in the last quarter. Foundations Investment Advisors LLC lifted its position in Huntington Bancshares by 3.2% in the second quarter. Foundations Investment Advisors LLC now owns 23,647 shares of the bank’s stock worth $312,000 after purchasing an additional 744 shares during the period. Summit Financial Strategies Inc. boosted its stake in Huntington Bancshares by 2.5% during the 2nd quarter. Summit Financial Strategies Inc. now owns 30,955 shares of the bank’s stock valued at $408,000 after purchasing an additional 762 shares in the last quarter. Finally, State of Alaska Department of Revenue increased its position in shares of Huntington Bancshares by 0.5% during the 1st quarter. State of Alaska Department of Revenue now owns 157,152 shares of the bank’s stock valued at $2,192,000 after purchasing an additional 780 shares during the period. Institutional investors and hedge funds own 80.72% of the company’s stock.

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.