Citigroup Boosts Huntington Bancshares (NASDAQ:HBAN) Price Target to $21.00

Citigroup research analysts raised the target price for Huntington Bancshares (NASDAQ; HBAN. Get Free Report) as reported by Benzinga on Tuesday The analysts now project a target price of $21 from the $18 for the banks stock and maintain a "buy" rating on it The new price target indicates a potential increase of 19 39%, from the current stock price

Several other financial experts have also shared their insights on HBAN recently. Baird R W downgraded their assessment of Huntington Bancshares from a "buy' to a "hold' in a report dated Friday the 26th of July. Royal Bank of Canada reiterated their appraisal with an "outperform' rating and set a target price of 17 dollars for shares of Huntington Bancshares in a publication, on Friday the 18th of October. Barclays increased their price target for Huntington Bancshares from$15 to 17. Rated the company as "equal weight" as stated in a report released on Friday the 18th of October.Robert W.Baird downgraded Huntington Bancshares from an "rating, to a "neutral" setting a price target of$15 in a report dated Friday the 26th of July. Evercore ISI recently increased their price target for Huntington Bancshares from $17 to $18 while also upgrading the stock to an "rating, in a research report released on Wednesday the 30th of October.. Among analysts covering the stocks performance; one recommended selling it; six suggested holding onto it; twelve advised buying it;. One strongly endorsed buying it. According to information, from MarketBeats data analysis findings the stock is rated as a "Moderate Buy," with an agreed upon target price of $16.26.

Check out our recent stock analysis, for HBAN.

On Tuesdays trading session the shares of HBAN stock fell by $ 021 to reach $17 59 A total of 4 149 864 shares were traded for this company compared to a volume of 16 037 655 Huntington Bancshares has had a lowest price of $10 73 and a highest price of $17 97 The firm currently holds a ratio of assets to liabilities at o88 a quick ratio at o87 and a debt to equity ratio, at o86The company is valued at around $25 billion in the market with a price to profit ratio of 16 times earnings and a PEG ratio of 3 times the growth rate indicator along with a value of 1 point O3.The organizations trading prices average at $15 for short term periods and around $14, for long term periods.

On Thursday the 17th of October year Huntington Bancshares (NASDAQ;HBAN. Get Free Report) announced their latest earnings report. In this quarters report the bank disclosed earnings of $ 3 per share which exceeded the predicted amount by $$. Analysts projected revenue for the quarter to be at $$ whereas the companys actual revenue stood at $$. Huntington Bancshares also revealed a return on equity of 10 % along, with a margin of 14 %.In the quarter last year the company reported earnings, per share of $ 0. 36. As a collective analysts specializing in equity research anticipate Huntington Bancshares to achieve an EPS of 1. 21 For the year.

In recent news about Huntington Bancshares Inc., Zachary Jacob Wasserman who holds the position of Chief Financial Officer (CFO) made a transaction on Wednesday the 13th of November by selling 8,o44 shares of the companys stock at an average price of S17.A3 per share totalling S152.A93.T2 in proceeds from the sale.As a result of this transaction the CFO now owns 259,A43 shares of Huntington Bancshares stock valued at approximately S+,582,y95.os.The recent trade reflects a decrease in their position, by 3.y2%.The companys sale was documented in a filing with the SEC. Is available for viewing on their website too! Additionally Helga Houston who works within the company sold shares of stock on Wednesday, October 23rd at an average price of $15..43 each totaling $99,600..65 in value.. After the sale was completed the insider now holds 558,342 shares directly in the company valued around $8,615,217..06! This transaction resulted in a decrease of their position, by 1..14%!The information regarding this transaction can be located here; During the quarter employees, within the company have sold 43, 699 shares of company stocks worth $757, 356. Corporate insiders possess 0. 92 Percent ownership of the stocks.

In the period of time Institution investors and hedge funds have made changes to their investments, in the stock market world of Huntington Bancshares stocks were added to State Street Corps portfolio by 10%. Now the bank holds 79 million shares valued at $1 billion after acquiring a 7 million shares last quarter while Charles Schwab Investment Management Inc increased its stake by 2%.Charles Schwab Investment Management Inc currently holds 62 million shares of the banks stock valued at $921 million after acquiring a 1 million shares in the previous quarter.Boston Partners increased its stake, in Huntington Bancshares by 20% now possessing 56 million shares valued at $783 million.Geode Capital Management LLC also saw an increase of 1% holding shares of Huntington Bancshares in the third quarter. Geode Capital Management LLC currently holds 36 million shares of the banks stock valued at $540 million after acquiring a 473 thousand shares in the previous quarter.Asubsequently FMR LLC raised its ownership in Huntington Bancshares by 16 point 8 percent during the quarter.FMR LLC now possesses, over 23 million shares of the banks stock valued at $348 million after adding 3 million shares during the quarter.Institutional investors hold 80 point seventy two percent of this stock.

Huntington Bancshares Incorporated functions as the bank holding firm overseeing The Huntington National Bank in the United States. Delivers a range of banking services to both individual and corporate clients such as deposits services lending options mortgage financing investment management trust services insurance products and more financial offerings, for the customers.

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Analysts currently rate Huntington Bancshares as a "Moderate Buy ". Top rated analysts suggest that there are five other stocks that might be better investments.