Raymond James Sticks to Their Buy Rating for Huntington Bancshares Inc (HBAN)

By Austin Angelo

Raymond James analyst David Long maintained a Buy rating on Huntington Bancshares Inc (HBANResearch Report) today and set a price target of $16.00. The company’s shares closed last Monday at $14.33.

According to TipRanks.com, Long is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -6.3% and a 29.8% success rate. Long covers the Financial sector, focusing on stocks such as TCF Financial Corporation, Wintrust Financial Corp, and First Merchants Corp.

Huntington Bancshares Inc has an analyst consensus of Hold, with a price target consensus of $15.20.

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Huntington Bancshares Inc’s market cap is currently $14.87B and has a P/E ratio of 11.28. The company has a Price to Book ratio of 1.42.

Based on the recent corporate insider activity of 131 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling 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.