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Huntington Bancshares (HBAN) Gets a Buy from RBC Capital

Tipranks - Tipranks - Sat Jul 25, 7:18AM CDT

RBC Capital analyst Jon Arfstrom maintained a Buy rating on Huntington Bancshares yesterday and set a price target of $21.00. The company’s shares closed yesterday at $17.40.

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Arfstrom covers the Financial sector, focusing on stocks such as Bread Financial Holdings, Associated Banc-Corp, and First Horizon. According to TipRanks, Arfstrom has an average return of 15.7% and a 61.67% success rate on recommended stocks.

In addition to RBC Capital, Huntington Bancshares also received a Buy from Robert W. Baird’s David George in a report issued today. However, on the same day, Morgan Stanley downgraded Huntington Bancshares (NASDAQ: HBAN) to a Hold.

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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 221 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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