Raymond James analyst David Long maintained a Buy rating on Huntington Bancshares Inc (HBAN) today and set a price target of $16. The company’s shares opened today at $14.68.
According to TipRanks.com, Long is a 1-star analyst with an average return of -1.3% and a 36.6% success rate. Long covers the Financial sector, focusing on stocks such as Zions Bancorporation National Association, Seacoast Banking Corporation Of Florida, and Union First Market Bankshares Corp.
Currently, the analyst consensus on Huntington Bancshares Inc is a Moderate Buy with an average price target of $16.64, implying a 13.4% upside from current levels. In a report released yesterday, UBS also maintained a Buy rating on the stock with a $18 price target.
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Based on Huntington Bancshares Inc’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $1.33 billion and net profit of $378 million. In comparison, last year the company had a net profit of $275 million.
Based on the recent corporate insider activity of 124 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of HBAN in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Huntington Bancshares, Inc. operates as a bank holding company. It provides commercial and consumer banking services, mortgage banking services, automobile financing, recreational vehicle and marine financing, equipment leasing, investment management, trust services, brokerage services, insurance programs, and other financial products and services.
