Piper Sandler Sticks to Their Sell Rating for Huntington Bancshares (HBAN)

In a report released today, Scott Siefers from Piper Sandler maintained a Sell rating on Huntington Bancshares, with a price target of $17.00.

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Siefers covers the Financial sector, focusing on stocks such as Citigroup, Regions Financial, and Bank of America. According to TipRanks, Siefers has an average return of 14.7% and a 64.81% success rate on recommended stocks.

Huntington Bancshares has an analyst consensus of Strong Buy, with a price target consensus of $20.58.

Based on Huntington Bancshares’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $3.23 billion and a net profit of $629 million. In comparison, last year the company earned a revenue of $3.08 billion and had a net profit of $517 million

Based on the recent corporate insider activity of 238 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. Earlier this month, Brantley J Standridge, the Senior Exec. V.P of HBAN sold 5,830.00 shares for a total of $111,527.90.