Huntington Bancshares (NASDAQ:HBAN) Price Target Lowered to $19.00 at Jefferies Financial Group

Huntington Bancshares (NASDAQ:HBAN) had its price objective lowered by research analysts at Jefferies Financial Group from $20.00 to $19.00 in a report released on Monday,MarketScreener reports. Jefferies Financial Group’s target price would suggest a potential upside of 25.75% from the company’s current price.

HBAN has been the topic of several other reports. Morgan Stanley increased their target price on shares of Huntington Bancshares from $19.00 to $23.00 and gave the stock an “overweight” rating in a research report on Monday, September 29th. Wall Street Zen upgraded Huntington Bancshares from a “sell” rating to a “hold” rating in a report on Saturday. Keefe, Bruyette & Woods increased their price target on Huntington Bancshares from $19.00 to $20.00 and gave the company a “market perform” rating in a report on Monday, October 20th. Citigroup boosted their price objective on shares of Huntington Bancshares from $20.00 to $21.00 and gave the stock a “buy” rating in a research note on Friday, September 19th. Finally, Evercore ISI initiated coverage on shares of Huntington Bancshares in a research note on Tuesday, October 21st. They issued an “outperform” rating and a $18.00 target price on the stock. Two analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Huntington Bancshares has a consensus rating of “Moderate Buy” and a consensus price target of $19.66.

Huntington Bancshares Stock Down 1.7%

HBAN opened at $15.11 on Monday. The company has a market capitalization of $22.05 billion, a PE ratio of 10.64, a price-to-earnings-growth ratio of 0.66 and a beta of 0.96. The business has a 50-day moving average of $16.84 and a 200-day moving average of $16.33. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.92 and a quick ratio of 0.91. Huntington Bancshares has a fifty-two week low of $11.91 and a fifty-two week high of $18.44.

Huntington Bancshares (NASDAQ:HBAN) last posted its earnings results on Wednesday, June 11th. The bank reported $0.28 earnings per share (EPS) for the quarter. Huntington Bancshares had a net margin of 18.06% and a return on equity of 12.14%. The firm had revenue of $469.00 million during the quarter. Equities research analysts forecast that Huntington Bancshares will post 1.39 EPS for the current fiscal year.

Insider Activity at Huntington Bancshares

In related news, EVP Marcy C. Hingst sold 41,100 shares of the stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $18.00, for a total value of $739,800.00. Following the completion of the sale, the executive vice president owned 299,361 shares in the company, valued at approximately $5,388,498. This trade represents a 12.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.89% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Keybank National Association OH raised its holdings in shares of Huntington Bancshares by 21.7% in the third quarter. Keybank National Association OH now owns 132,985 shares of the bank’s stock valued at $2,297,000 after buying an additional 23,709 shares during the last quarter. OneAscent Investment Solutions LLC increased its position in Huntington Bancshares by 19.0% in the 3rd quarter. OneAscent Investment Solutions LLC now owns 22,087 shares of the bank’s stock valued at $381,000 after acquiring an additional 3,534 shares in the last quarter. National Pension Service raised its stake in shares of Huntington Bancshares by 3.3% in the third quarter. National Pension Service now owns 2,576,163 shares of the bank’s stock worth $44,490,000 after acquiring an additional 82,094 shares during the last quarter. AlphaQuest LLC raised its stake in shares of Huntington Bancshares by 59.1% in the third quarter. AlphaQuest LLC now owns 11,128 shares of the bank’s stock worth $192,000 after acquiring an additional 4,134 shares during the last quarter. Finally, Arizona State Retirement System lifted its position in shares of Huntington Bancshares by 0.9% during the third quarter. Arizona State Retirement System now owns 430,584 shares of the bank’s stock worth $7,436,000 after purchasing an additional 3,766 shares in the last quarter. Institutional investors and hedge funds own 80.72% of the company’s stock.

About Huntington Bancshares

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.