ValuEngine Lowers Huntington Bancshares (HBAN) to Sell
HBAN has been the topic of several other research reports. BidaskClub raised shares of Huntington Bancshares from a “strong sell” rating to a “sell” rating in a research report on Saturday, January 19th. Jefferies Financial Group cut shares of Huntington Bancshares from a “buy” rating to a “hold” rating and set a $14.00 price target on the stock. in a research report on Monday, January 28th. Vining Sparks reissued a “buy” rating and set a $18.00 price target on shares of Huntington Bancshares in a research report on Thursday, January 24th. Finally, Zacks Investment Research raised shares of Huntington Bancshares from a “sell” rating to a “hold” rating in a research report on Monday, May 6th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $16.10.
Shares of HBAN opened at $13.17 on Wednesday. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.89 and a current ratio of 0.90. The firm has a market cap of $13.57 billion, a price-to-earnings ratio of 10.98, a price-to-earnings-growth ratio of 1.10 and a beta of 1.37. Huntington Bancshares has a 52-week low of $11.12 and a 52-week high of $16.52.
In other Huntington Bancshares news, Director Kathleen H. Ransier sold 3,067 shares of the company’s stock in a transaction dated Wednesday, February 27th. The shares were sold at an average price of $14.30, for a total value of $43,858.10. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Richard Remiker sold 18,386 shares of the company’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $14.02, for a total transaction of $257,771.72. Following the completion of the transaction, the executive vice president now directly owns 357,085 shares in the company, valued at approximately $5,006,331.70. The disclosure for this sale can be found here. Insiders sold 41,453 shares of company stock worth $581,030 in the last ninety days. 1.22% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Financial Gravity Companies Inc. acquired a new position in Huntington Bancshares in the fourth quarter valued at about $25,000. Brand Asset Management Group Inc. lifted its position in Huntington Bancshares by 300.0% in the first quarter. Brand Asset Management Group Inc. now owns 2,000 shares of the bank’s stock valued at $59,000 after buying an additional 1,500 shares during the last quarter. JOYN Advisors Inc. lifted its position in Huntington Bancshares by 207.5% in the fourth quarter. JOYN Advisors Inc. now owns 2,079 shares of the bank’s stock valued at $25,000 after buying an additional 1,403 shares during the last quarter. FTB Advisors Inc. lifted its position in Huntington Bancshares by 1,100.5% in the fourth quarter. FTB Advisors Inc. now owns 2,401 shares of the bank’s stock valued at $28,000 after buying an additional 2,201 shares during the last quarter. Finally, We Are One Seven LLC acquired a new position in Huntington Bancshares in the fourth quarter valued at about $29,000. 77.97% of the stock is currently owned by institutional investors.
About Huntington Bancshares
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).
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