Huntington Bancshares (HBAN) Gets a Buy from Jefferies

In a report released today, David Chiaverini from Jefferies maintained a Buy rating on Huntington Bancshares, with a price target of $22.00.

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Chiaverini covers the Financial sector, focusing on stocks such as BankUnited, Huntington Bancshares, and M&T Bank. According to TipRanks, Chiaverini has an average return of -1.1% and a 49.39% success rate on recommended stocks.

In addition to Jefferies, Huntington Bancshares also received a Buy from Evercore ISI’s John Pancari in a report issued today. However, on the same day, Piper Sandler maintained a Sell rating on Huntington Bancshares (NASDAQ: HBAN).

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.