Economy

Huntington Bancshares Incorpora (NASDAQ:HBANO) Experiences Lighter than Usual Trading Volume

Stock has got OUTPERFORM rating from 18 analyst (s) whereas last month 16 analyst (s) have given outperform rating.

07/03/2017 - Huntington Bancshares Incorporated had its "buy" rating reiterated by analysts at Deutsche Bank.

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As of now, Huntington Bancshares Incorporated has a P/S value of 4.6, measuring P/B at 1.52.

03/24/2017 - D.A. Davidson began new coverage on Huntington Bancshares Incorporated giving the company a "buy" rating.

Analyzing the technical facts of Huntington Bancshares Incorporated (HBAN), its current distance from 20-Day Simple Moving Average is 5.40% and standing 2.96% away from 50-Day Simple Moving Average while traded up 1.23% from 200-Day Simple Moving Average. The stock go up so far this year; showing a rise of 1.36% and added with positive flow of 4.69% during recent week. Huntington Bancshares has a 1 year low of $9.52 has a 1 year high of $14.74.

Based on the latest notes released to investors, 8 analysts have issued a rating of "buy", 8 analysts "outperform", 11 analysts "hold", 0 analysts "underperform" and 0 analysts "sell". During the last 52 weeks, the (NASDAQ:CHRW) price has been as high as $81.16 and as low as $63.41.

For the Current Quarter, the growth estimate for Huntington Bancshares Incorporated is 127.3%, while for the Next Quarter the stock growth estimate is 44.4%. The stock declined 1.60% or $0.95 reaching $58.31 per share. Huntington Bancshares had a net margin of 18.41% and a return on equity of 11.39%.

The EPS of Huntington Bancshares Incorporated is strolling at 0.71, measuring its EPS growth this year at -13.00%. If you are viewing this story on another website, it was stolen and reposted in violation of global trademark & copyright laws. The legal version of this piece of content can be viewed at https://weekherald.com/2017/09/22/huntington-bancshares-incorporated-hban-position-increased-by-tiaa-cref-investment-management-llc.html. The information was declared in a document with the Security and Exchange Commission, which is available through the Security and Exchange Commission website. They set an "outperform" rating and a $15.00 price target for the company. The company had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.07 billion.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Shares repurchase programs are often a sign that the company's management believes its stock is undervalued. The ex-dividend date will be Wednesday December 28th, 2016. Wedbush maintained Huntington Bancshares Incorporated (NASDAQ:HBAN) rating on Wednesday, November 30. The stock increased 0.30% or $0.04 during the last trading session, reaching $13.4. Following the completion of the sale, the executive vice president now directly owns 447,722 shares of the company's stock, valued at approximately $5,690,546.62. This buyback authorization permits the bank to purchase up to 2.2% of its shares through open market purchases.

Looking forward, the company's quarterly earnings are expected to come at $1.22 in the three months through August 2017 and $1.28 in the quarter ending November 2017, reflecting 14.02% and 16.36% growth, respectively.

The dividend for the corporation to company shareholders is rolling at 2.40% with a payout ratio of 41.40%. Instinet restated a "buy" rating and set a $16.00 price objective (up previously from $15.00) on shares of Huntington Bancshares in a report on Wednesday, July 12th. Lincoln National has an ownership of 14,350 stocks of the bank's shares valued $194,000 after scooping up an extra 84 stocks in the previous period. The disclosure for this purchase can be found here. BlackRock Inc. boosted its position in Huntington Bancshares by 2,879.7% in the 1st quarter. FMR LLC now owns 98,004,607 shares of the bank's stock valued at $1,312,281,000 after buying an additional 17,263,771 shares during the period.

After a recent check, Huntington Bancshares Inc's 14-day RSI is now at 62.43, the 7-day stands at 71.93, and the 3-day is sitting at 75.27. Finally, Eqis Capital Management Inc. acquired a new position in Huntington Bancshares during the 2nd quarter worth $146,000. Wellington Management Group LLP now owns 18,405,607 shares of the bank's stock worth $246,451,000 after acquiring an additional 1,121,927 shares during the period. Tracking the stock price in relation to moving averages as well as highs and lows for the year might assist with evaluating future stock performance.

Huntington Bancshares Inc (HBAN) now has a 14-day Commodity Channel Index (CCI) of 110.94.



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