Huntington Bancshares (NASDAQ:HBAN) Stock Rating Lowered by ValuEngine

Huntington Bancshares (NASDAQ:HBAN) was downsized by speculation experts at ValuEngine from a “purchase” rating to a “hold” rating in an exploration report issued to customers and financial specialists on Friday, February second.

Different experts have likewise as of late issued examine reports about the stock. BMO Capital Markets reaffirmed a “hold” rating and issued a $18.00 target cost on offers of Huntington Bancshares in an investigate Wednesday, January 24th. Sandler O’Neill emphasized a “purchase” rating and issued a $18.00 value focus on offers of Huntington Bancshares in an examination note on Tuesday, January 23rd. Bank of America expanded their value focus on offers of Huntington Bancshares from $17.00 to $18.00 and gave the organization a “purchase” rating in an exploration note on Wednesday, January 24th. Macquarie brought down offers of Huntington Bancshares from a “beat” rating to a “nonpartisan” rating and raised their objective cost for the stock from $16.04 to $16.50 in an exploration give an account of Wednesday, January 24th. At last, Vining Sparks repeated a “purchase” rating and set a $19.00 target cost on offers of Huntington Bancshares in an exploration give an account of Monday, January eighth. Ten research examiners have appraised the stock with a hold rating, thirteen have appointed a purchase rating and one has allocated a solid purchase rating to the organization. The organization at present has an accord rating of “Purchase” and a normal value focus of $16.76.

Huntington Bancshares (HBAN) exchanged down $0.21 amid early afternoon exchanging on Friday, achieving $15.82. 9,830,633 offers of the organization’s stock were traded, contrasted with its normal volume of 11,822,398. The firm has a market capitalization of $16,960.00, a PE proportion of 18.18, a P/E/G proportion of 1.21 and a beta of 1.35. Huntington Bancshares has a 52 week low of $12.14 and a 52 week high of $16.53. The organization has an obligation to-value proportion of 0.94, a present proportion of 0.88 and a fast proportion of 0.87.

Huntington Bancshares (NASDAQ:HBAN) last issued its quarterly profit comes about on Tuesday, January 23rd. The bank revealed $0.26 profit per share (EPS) for the quarter, hitting the Thomson Reuters’ accord gauge of $0.26. The business had income of $1.11 billion for the quarter, contrasted with experts’ desires of $1.10 billion. Huntington Bancshares had a net edge of 25.02% and an arrival on value of 12.12%. Amid a similar quarter in the earlier year, the organization earned $0.18 profit per share. values inquire about experts envision that Huntington Bancshares will post 1.21 EPS for the current financial year.

A few vast speculators have as of late altered their property of HBAN. SWS Partners acquired another stake in offers of Huntington Bancshares amid the fourth quarter worth about $126,000. Verition Fund Management LLC procured another situation in Huntington Bancshares amid the second quarter worth roughly $139,000. Kovack Advisors Inc. obtained another situation in Huntington Bancshares amid the fourth quarter worth roughly $147,000. Alpha Cubed Investments LLC gained another situation in Huntington Bancshares amid the third quarter worth around $151,000. At long last, ClariVest Asset Management LLC lifted its situation in Huntington Bancshares by 53.4% amid the third quarter. ClariVest Asset Management LLC now claims 11,200 offers of the bank’s stock worth $156,000 in the wake of obtaining an extra 3,900 offers in the last quarter. Institutional financial specialists and multifaceted investments claim 74.09% of the organization’s stock.

Huntington Bancshares Company Profile

Huntington Bancshares Incorporated (Huntington) is a bank holding organization. Through its backups, including its bank auxiliary, The Huntington National Bank (the Bank), the Company gives business and purchaser saving money administrations, contract saving money administrations, car financing, recreational vehicle and marine financing, hardware renting, speculation administration, put stock in administrations, financier administrations, protection programs, and other monetary items and administrations.