TD Cowen Keeps Their Buy Rating on Huntington Bancshares (HBAN)

TD Cowen analyst Steven Alexopoulos maintained a Buy rating on Huntington Bancshares today and set a price target of $23.00.

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According to TipRanks, Alexopoulos is a 4-star analyst with an average return of 2.7% and a 57.79% success rate. Alexopoulos covers the Financial sector, focusing on stocks such as JPMorgan Chase, Bank of America, and KeyCorp.

In addition to TD Cowen, Huntington Bancshares also received a Buy from TipRanks – Google’s Google Banks – Regional in a report issued today. However, on the same day, Barclays maintained a Hold 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 234 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. Last month, Kendall A Kowalski, the CIO of HBAN sold 4,028.00 shares for a total of $71,899.51.