Huntington Bancshares (NASDAQ:HBAN) Upgraded to Outperform at Robert W. Baird

Huntington Bancshares (NASDAQ:HBAN) was upgraded by equities researchers at Robert W. Baird from a “neutral” rating to an “outperform” rating in a report issued on Friday,Briefing.com Automated Import reports. The firm presently has a $18.00 price target on the bank’s stock. Robert W. Baird’s price objective indicates a potential upside of 18.97% from the stock’s previous close.

A number of other equities analysts have also issued reports on HBAN. Piper Sandler reduced their price target on shares of Huntington Bancshares from $17.50 to $17.00 and set an “underweight” rating for the company in a research report on Tuesday, January 21st. The Goldman Sachs Group lifted their target price on shares of Huntington Bancshares from $16.25 to $20.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $20.00 target price on shares of Huntington Bancshares in a report on Tuesday, January 21st. StockNews.com raised shares of Huntington Bancshares from a “sell” rating to a “hold” rating in a report on Thursday, December 12th. Finally, Barclays lifted their price target on shares of Huntington Bancshares from $17.00 to $19.00 and gave the company an “equal weight” rating in a research note on Monday, January 6th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat.com, Huntington Bancshares has an average rating of “Moderate Buy” and an average target price of $18.24.

Huntington Bancshares Stock Performance

Shares of Huntington Bancshares stock opened at $15.13 on Friday. The firm has a market capitalization of $22.00 billion, a P/E ratio of 12.30, a PEG ratio of 1.33 and a beta of 1.07. The company has a quick ratio of 0.88, a current ratio of 0.89 and a debt-to-equity ratio of 0.92. The company has a 50 day moving average price of $16.60 and a 200 day moving average price of $16.10. Huntington Bancshares has a 52 week low of $12.05 and a 52 week high of $18.44.

Huntington Bancshares (NASDAQ:HBAN) last announced its quarterly earnings data on Friday, January 17th. The bank reported $0.34 EPS for the quarter, beating the consensus estimate of $0.31 by $0.03. Huntington Bancshares had a net margin of 16.23% and a return on equity of 11.23%. During the same period last year, the company posted $0.27 earnings per share. Sell-side analysts expect that Huntington Bancshares will post 1.39 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of HBAN. Creative Capital Management Investments LLC raised its holdings in Huntington Bancshares by 17,533.3% in the 4th quarter. Creative Capital Management Investments LLC now owns 1,587 shares of the bank’s stock valued at $26,000 after buying an additional 1,578 shares during the period. Y.D. More Investments Ltd increased its stake in Huntington Bancshares by 126.8% during the fourth quarter. Y.D. More Investments Ltd now owns 1,830 shares of the bank’s stock worth $30,000 after purchasing an additional 1,023 shares during the period. Midwest Capital Advisors LLC purchased a new stake in Huntington Bancshares during the fourth quarter worth about $37,000. Transce3nd LLC purchased a new stake in Huntington Bancshares during the fourth quarter worth about $48,000. Finally, Asset Dedication LLC increased its stake in Huntington Bancshares by 70.0% during the fourth quarter. Asset Dedication LLC now owns 3,061 shares of the bank’s stock worth $50,000 after purchasing an additional 1,260 shares during the period. Hedge funds and other institutional investors own 80.72% of the company’s stock.

Huntington Bancshares Company Profile

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.