Huntington Bancshares Incorporated (NASDAQ:HBAN) had its target price decreased by equities researchers at Deutsche Bank from $11.50 to $10.50 in a research note issued on Tuesday, MarketBeat.com reports. The firm currently has a “hold” rating on the stock. Deutsche Bank’s target price indicates a potential upside of 23.82% from the company’s current price.

A number of other research firms also recently issued reports on HBAN. RBC Capital decreased their target price on Huntington Bancshares from $13.00 to $12.00 and set an “outperform” rating for the company in a research report on Friday, January 22nd. FBR & Co. decreased their target price on Huntington Bancshares from $13.00 to $10.50 and set a “market perform” rating for the company in a research report on Friday, January 22nd. Vetr raised Huntington Bancshares from a “buy” rating to a “strong-buy” rating and set a $12.45 target price for the company in a research report on Thursday, December 10th. Piper Jaffray started coverage on Huntington Bancshares in a research report on Monday, November 23rd. They issued a “neutral” rating and a $12.00 target price for the company. Finally, Morgan Stanley downgraded Huntington Bancshares from an “overweight” rating to an “equal weight” rating and set a $12.50 target price for the company. in a research report on Thursday, December 10th. Three analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $11.44.

A number of hedge funds and institutional investors have made changes to their positions in the stock. Beacon Financial Group increased its position in shares of Huntington Bancshares by 2.9% in the fourth quarter. Beacon Financial Group now owns 32,948 shares of the company’s stock worth $368,000 after buying an additional 926 shares in the last quarter. EQIS Capital Management increased its position in Huntington Bancshares by 147.6% in the fourth quarter. EQIS Capital Management now owns 43,368 shares of the company’s stock worth $480,000 after buying an additional 25,853 shares during the period. KBC Group increased its position in Huntington Bancshares by 61.5% in the third quarter. KBC Group now owns 55,070 shares of the company’s stock worth $583,000 after buying an additional 20,964 shares during the period. Sentry Investment Management increased its position in Huntington Bancshares by 57.2% in the fourth quarter. Sentry Investment Management now owns 60,336 shares of the company’s stock worth $667,000 after buying an additional 21,954 shares during the period. Finally, Creative Planning increased its position in Huntington Bancshares by 40.8% in the fourth quarter. Creative Planning now owns 106,301 shares of the company’s stock worth $1,176,000 after buying an additional 30,792 shares during the period.

Shares of Huntington Bancshares (NASDAQ:HBAN) traded up 2.66% on Tuesday, reaching $8.48. The company’s stock had a trading volume of 27,980,076 shares. Huntington Bancshares has a 52-week low of $7.83 and a 52-week high of $11.90. The firm’s 50 day moving average is $10.25 and its 200-day moving average is $10.96. The stock has a market cap of $6.74 billion and a P/E ratio of 10.47.

Huntington Bancshares (NASDAQ:HBAN) last released its earnings results on Thursday, January 21st. The company reported $0.21 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.21. During the same period in the previous year, the company earned $0.19 earnings per share. On average, equities research analysts forecast that Huntington Bancshares will post $0.88 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 1st. Investors of record on Friday, March 18th will be issued a dividend of $0.07 per share. The ex-dividend date of this dividend is Wednesday, March 16th. This represents a $0.28 dividend on an annualized basis and a yield of 3.30%.

Huntington Bancshares Incorporated (NASDAQ:HBAN) is a diversified regional bank holding company. The Company operates through its subsidiary, The Huntington National Bank (the Bank). It provides commercial, small business, consumer and mortgage banking services, automobile financing, equipment leasing, investment management, trust services, brokerage services, insurance programs, and other financial products and services. It operates in five segments: Retail and Business Banking, Commercial Banking, Automobile Finance and Commercial Real Estate, Regional Banking and The Huntington Private Client Group, and Home Lending. Its loan portfolio includes commercial and industrial, commercial real estate, construction CRE, automobile, home equity, residential mortgage and consumer loans/leases. The Bank has approximately 14 private client group offices and 715 branches, including 404 in Ohio, 43 in Indiana, 179 in Michigan, 31 in West Virginia, 48 in Pennsylvania and 10 in Kentucky.

12 Month Chart for NASDAQ:HBAN

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