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

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.

Huntington Bancshares (NASDAQ:HBAN) last announced its quarterly earnings results on Thursday, April 25th. The bank reported $0.32 earnings per share for the quarter, meeting the consensus estimate of $0.32. The firm had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.16 billion. Huntington Bancshares had a net margin of 26.24% and a return on equity of 14.20%. The company’s revenue was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.28 EPS. As a group, analysts forecast that Huntington Bancshares will post 1.32 earnings per share for the current fiscal year.

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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Analyst Recommendations for Huntington Bancshares (NASDAQ:HBAN)

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