Huntington Bancshares (HBAN) Upgraded by ValuEngine to “Hold”

Huntington Bancshares (NASDAQ:HBAN) was upgraded by research analysts at ValuEngine from a “sell” rating to a “hold” rating in a research note issued to investors on Friday, ValuEngine reports.

HBAN has been the topic of several other reports. BidaskClub upgraded Huntington Bancshares from a “strong sell” rating to a “sell” rating in a research note on Saturday, January 19th. Zacks Investment Research lowered Huntington Bancshares from a “hold” rating to a “sell” rating in a research note on Monday, January 7th. Jefferies Financial Group lowered Huntington Bancshares from a “buy” rating to a “hold” rating and set a $14.00 target price on the stock. in a research note on Monday, January 28th. Finally, Vining Sparks restated a “buy” rating and issued a $18.00 target price on shares of Huntington Bancshares in a research note on Thursday, January 24th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company’s stock. Huntington Bancshares currently has a consensus rating of “Hold” and a consensus price target of $16.10.

Shares of HBAN traded up $0.15 during mid-day trading on Friday, hitting $14.09. The stock had a trading volume of 8,329,884 shares, compared to its average volume of 10,930,847. The firm has a market cap of $14.74 billion, a PE ratio of 11.74, a PEG ratio of 1.18 and a beta of 1.37. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.90 and a quick ratio of 0.87. Huntington Bancshares has a 52 week low of $11.12 and a 52 week high of $16.52.

Huntington Bancshares (NASDAQ:HBAN) last issued its earnings results on Thursday, April 25th. The bank reported $0.32 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.32. The firm had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.16 billion. Huntington Bancshares had a return on equity of 14.20% and a net margin of 26.24%. The business’s revenue was up 5.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.28 earnings per share. Sell-side analysts anticipate that Huntington Bancshares will post 1.32 earnings per share for the current fiscal year.

In other news, EVP Daniel J. Neumeyer sold 60,000 shares of Huntington Bancshares stock in a transaction on Monday, February 11th. The stock was sold at an average price of $13.71, for a total value of $822,600.00. Following the completion of the transaction, the executive vice president now directly owns 356,615 shares in the company, valued at $4,889,191.65. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Kathleen H. Ransier sold 3,067 shares of Huntington Bancshares stock in a transaction on Wednesday, February 27th. The shares were sold at an average price of $14.30, for a total value of $43,858.10. The disclosure for this sale can be found here. Over the last quarter, insiders sold 83,067 shares of company stock valued at $1,145,858. 1.22% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Chase Investment Counsel Corp grew its position in Huntington Bancshares by 65.7% during the first quarter. Chase Investment Counsel Corp now owns 24,217 shares of the bank’s stock worth $307,000 after buying an additional 9,600 shares in the last quarter. Investment Partners LTD. purchased a new position in Huntington Bancshares during the first quarter worth about $130,000. Stephens Inc. AR grew its position in Huntington Bancshares by 76.6% during the first quarter. Stephens Inc. AR now owns 299,887 shares of the bank’s stock worth $3,803,000 after buying an additional 130,046 shares in the last quarter. California Public Employees Retirement System grew its position in Huntington Bancshares by 5.8% during the first quarter. California Public Employees Retirement System now owns 2,592,516 shares of the bank’s stock worth $32,873,000 after buying an additional 140,974 shares in the last quarter. Finally, Smith Salley & Associates grew its position in Huntington Bancshares by 9.0% during the first quarter. Smith Salley & Associates now owns 102,267 shares of the bank’s stock worth $1,296,000 after buying an additional 8,486 shares in the last quarter. Institutional investors own 79.14% of the company’s stock.

Huntington Bancshares Company Profile

Huntington Bancshares Incorporated operates as a holding company for The Huntington National Bank that provides commercial, small business, consumer, and mortgage banking services. The company operates through four business segments: Consumer and Business Banking, Commercial Banking, Vehicle Finance, and Regional Banking and The Huntington Private Client Group (RBHPCG).

See Also: Preferred Stock

To view ValuEngine’s full report, visit ValuEngine’s official website.

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.