Huntington Bancshares (NASDAQ:HBAN) was downgraded by equities research analysts at BidaskClub from a “buy” rating to a “hold” rating in a research note issued to investors on Friday.

Several other equities research analysts also recently commented on HBAN. Keefe, Bruyette & Woods reissued a “hold” rating and set a $14.25 target price on shares of Huntington Bancshares in a research report on Friday, October 13th. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $15.50 price objective on shares of Huntington Bancshares in a research report on Tuesday, October 17th. 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 report on Thursday, October 26th. Nomura upped their price objective on shares of Huntington Bancshares from $16.00 to $17.00 and gave the stock a “buy” rating in a research report on Thursday, October 26th. Finally, FBR & Co reaffirmed a “hold” rating and issued a $14.00 price objective on shares of Huntington Bancshares in a research report on Thursday, October 26th. Seven analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. Huntington Bancshares currently has an average rating of “Buy” and a consensus target price of $16.31.

Shares of Huntington Bancshares (HBAN) opened at $15.81 on Friday. The company has a current ratio of 0.88, a quick ratio of 0.87 and a debt-to-equity ratio of 0.96. The company has a market cap of $17,089.76, a PE ratio of 19.52, a PEG ratio of 1.24 and a beta of 1.34. Huntington Bancshares has a 52-week low of $12.14 and a 52-week high of $16.00.

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). The business had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.10 billion. Huntington Bancshares had a return on equity of 11.96% and a net margin of 20.76%. During the same period in the previous year, the firm earned $0.11 earnings per share. research analysts anticipate that Huntington Bancshares will post 0.98 EPS for the current year.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in Huntington Bancshares by 2.4% in the second quarter. Vanguard Group Inc. now owns 109,990,274 shares of the bank’s stock valued at $1,487,068,000 after acquiring an additional 2,558,854 shares during the last quarter. Capital International Investors boosted its stake in Huntington Bancshares by 13.2% in the third quarter. Capital International Investors now owns 49,719,215 shares of the bank’s stock valued at $694,080,000 after acquiring an additional 5,800,000 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in Huntington Bancshares by 20.1% in the second quarter. The Manufacturers Life Insurance Company now owns 12,364,805 shares of the bank’s stock valued at $167,172,000 after acquiring an additional 2,065,131 shares during the last quarter. Legal & General Group Plc boosted its stake in Huntington Bancshares by 2.6% in the third quarter. Legal & General Group Plc now owns 5,379,006 shares of the bank’s stock valued at $75,091,000 after acquiring an additional 137,799 shares during the last quarter. Finally, Bank of Montreal Can boosted its stake in Huntington Bancshares by 24.2% in the fourth quarter. Bank of Montreal Can now owns 5,274,916 shares of the bank’s stock valued at $76,802,000 after acquiring an additional 1,027,377 shares during the last quarter. Hedge funds and other institutional investors own 73.70% of the company’s stock.

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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)

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