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J.P. Morgan Sticks to Its Buy Rating for Huntington Bancshares (HBAN)

Tipranks - Wed Jul 8, 7:34AM CDT

J.P. Morgan analyst Andrew J Dietrich maintained a Buy rating on Huntington Bancshares yesterday and set a price target of $19.50. The company’s shares closed yesterday at $17.89.

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J Dietrich covers the Financial sector, focusing on stocks such as M&T Bank, Huntington Bancshares, and KeyCorp. According to TipRanks, J Dietrich has an average return of 7.9% and an 85.71% success rate on recommended stocks.

Currently, the analyst consensus on Huntington Bancshares is a Moderate Buy with an average price target of $19.92, an 11.35% upside from current levels. In a report released yesterday, Evercore ISI also maintained a Buy rating on the stock with a $21.00 price target.

Based on Huntington Bancshares’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $3.77 billion and a net profit of $523 million. In comparison, last year the company earned a revenue of $2.98 billion and had a net profit of $527 million

Based on the recent corporate insider activity of 227 insiders, corporate insider sentiment is neutral on the stock. Last month, James Rollins, a Director at HBAN sold 223,522.00 shares for a total of $3,878,106.70.

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