Stock In Spotlight: Huntington Bancshares Incorporated (NASDAQ:HBAN)

Huntington Bancshares Incorporated (NASDAQ:HBAN) slipped over -0.65% at $13.7, after hitting low of $13.6 in an intra-day trade. Whether a stock is in or out of their favor can have a big effect on its price.

A number of research analysts recently commented on HBAN shares. The stock of Huntington Bancshares Incorporated (NASDAQ:HBAN) earned "Equal Weight" rating by Barclays Capital on Tuesday, January 3. The stock of Huntington Bancshares Incorporated (NASDAQ:HBAN) has "Buy" rating given on Monday, April 3 by Jefferies. Instinet reiterated a "buy" rating and set a $16.00 price target (up previously from $15.00) on shares of Huntington Bancshares in a research report on Wednesday, July 12th. The market capitalization of the company is at $15.03 Billion.

Covering sell-side analysts have recently weighed in on shares of Centene Corporation (NYSE:CNC).

Huntington Bancshares Incorporated (NASDAQ:HBAN)'s RSI (Relative Strength Index) is 61.25.

Whereas its latest closing price kept its distance from the SMA20 at 6.70% and 11.17% from SMA 20 while it was raised 35.75% from the simple moving average price of 200 days.

Over the past 50 days, Huntington Bancshares Incorporated stock's -1.63% off of the high and 14.25% removed from the low. Shares are now up over the past year, outperforming the broad market by -100% and outperformed a peer group of similar companies by 10%. During the same quarter in the prior year, the firm posted $0.19 earnings per share. The bank reported $0.26 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.23 by $0.03. Huntington Bancshares had a return on equity of 11.09% and a net margin of 18.11%. Capital International Investors lifted its holdings in shares of Huntington Bancshares by 22.6% during the 2nd quarter. After $0.26 actual earnings per share reported by Huntington Bancshares Incorporated for the previous quarter, Wall Street now forecasts -3.85% negative EPS growth.

COPYRIGHT VIOLATION NOTICE: This article was originally published by Week Herald and is the sole property of of Week Herald. Rafferty Asset Limited Com invested in 10,967 shares or 0.04% of the stock. The ex-dividend date was Friday, September 15th. The stock now provides a dividend yield of 2.83% for the Financial company. Huntington Bancshares Incorporated's PEG is 2.25.

Huntington Bancshares announced that its Board of Directors has initiated a stock buyback program on Wednesday, June 28th that authorizes the company to buyback $308.00 million in shares. This repurchase authorization permits the bank to buy up to 2.2% of its stock through open market purchases. Shares repurchase programs are often an indication that the company's management believes its stock is undervalued.

In related news, Director Richard W. Neu bought 2,450 shares of the stock in a transaction that occurred on Friday, July 28th. The stock increased 0.28% or $0.43 on October 13, reaching $151.94.

Bowen Hanes & Co Inc, which manages about $2.46B and $2.04 billion US Long portfolio, upped its stake in American Express (NYSE:AXP) by 20,575 shares to 275,425 shares, valued at $23.20 million in 2017Q2, according to the filing. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

In other Huntington Bancshares news, EVP Nicholas G. Stanutz sold 16,000 shares of the company's stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $12.71, for a total value of $203,360.00. Share performance for the month is now at -5.59%. The disclosure for this sale can be found here. Company insiders own 1.65% of the company's stock.

Several hedge funds have recently added to or reduced their stakes in HBAN. The stock witnessed 7.03% gains, -0.8% declines and 6.12% gains for the 1-month, 3-month and 6-month period, respectively. Lincoln National Corp now owns 14,350 shares of the bank's stock valued at $194,000 after acquiring an additional 84 shares during the last quarter. Lakeview Capital Partners LLC purchased a new position in Huntington Bancshares during the third quarter valued at $107,000. Noting its average daily volume at 8.5 million shares each day over the month, this signifies a pretty significant change over the norm. Finally, North Star Asset Management Inc. grew its holdings in shares of Huntington Bancshares by 1.6% during the 1st quarter. Cim Llc bought 3,141 shares as the company's stock rose 2.03% with the market. The Manufacturers Life Insurance Company increased its stake in shares of Huntington Bancshares by 20.1% during the second quarter. Cleararc Capital Inc. now owns 26,527 shares of the bank's stock valued at $355,000 after acquiring an additional 176 shares during the last quarter. It dived, as 43 investors sold Huntington Bancshares Incorporated shares while 180 reduced holdings. This recommendation lands on a scale between 1 and 5.

Huntington Bancshares Incorporated (HBAN) now the company's industry has 12.45 P/E and the sector P/E is 16.83. The Company's divisions include Consumer and Business Banking, Commercial Banking, Commercial Real Estate and Vehicle Finance, Regional Banking and The Huntington Private Client Group, Home Lending and Treasury/Other.

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