Huntington Bancshares (NASDAQ:HBAN) Lifted to "Buy" at BidaskClub

Jeannie Matthews
January 14, 2018

SunTrust maintained it with "Buy" rating and $140 target in Tuesday, September 1 report.

Huntington Bancshares Incorporated (NASDAQ:HBAN) traded down 0.37% during mid-day trading on Tuesday, reaching $13.48. About 920,847 shares traded. Huntington Bancshares Incorporated (HBAN) recently closed with rise of 5.15% to its 20-Day Simple Moving Average. It has outperformed by 6.29% the S&P500. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. The Shareholder Yield is a way that investors can see how much money shareholders are receiving from a company through a combination of dividends, share repurchases and debt reduction. Following the completion of the transaction, the executive vice president now directly owns 427,270 shares of the company's stock, valued at approximately $5,930,507.60. Foyston Gordon & Payne Inc who had been investing in Johnson & Johnson for a number of months, seems to be bullish on the $391.59B market cap company. They expect $0.26 earnings per share, up 8.33 % or $0.02 from last year's $0.24 per share. About 5.45M shares traded. AV Homes, Inc. (NASDAQ:AVHI) has risen 46.06% since January 13, 2017 and is uptrending. It has underperformed by 16.70% the S&P500. Piper Jaffray Companies reiterated a buy rating and issued a $15.50 price target on shares of Huntington Bancshares in a report on Tuesday, October 17th. The total number of shares traded in the last 90-day period is 424,140. HBAN's profit would be $281.05 million giving it 15.24 P/E if the $0.26 EPS is correct.

Investors are definitely paying attention to what analysts over at Wall Street are now thinking about the shares of Huntington Bancshares Incorporated Looking further into the current agreement on broker rating, it is very clear that the ABR stands at 4.21.

In taking a look at some other notable technicals, Huntington Bancshares Incorporated (NasdaqGS:HBAN)'s ROIC is 0.016788. Therefore 29% are positive. The firm has "Outperform" rating by RBC Capital Markets given on Friday, January 22. As per Tuesday, June 28, the company rating was maintained by Peel Hunt. Drexel Hamilton maintained NXP Semiconductors N.V. (NASDAQ:NXPI) on Thursday, August 3 with "Hold" rating. The rating was upgraded by Hilliard Lyons on Monday, July 24 to "Buy". The company was maintained on Friday, September 1 by Stifel Nicolaus. The rating was downgraded by BMO Capital Markets on Thursday, October 26 to "Hold". Keefe Bruyette & Woods downgraded the stock to "Underperform" rating in Wednesday, February 8 report.

As the P/E goes up, it shows that current investor sentiment is that the company is worth more. Its down 0.79, from 1.68 in 2017Q2.

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Institutional investors and hedge funds have recently modified their holdings of the company. 48 funds opened positions while 156 raised stakes. Fmr Limited Liability Corp invested in 0.17% or 97.99 million shares.

Huntington Bancshares (NASDAQ:HBAN) last issued its earnings results on Wednesday, October 25th. Point72 Asia (Hong Kong) Limited reported 0.01% in Huntington Bancshares Incorporated (NASDAQ:HBAN). Prelude Mgmt Limited Company holds 114,386 shares. Northern Tru reported 149,124 shares. C M Bidwell holds 0.01% or 332 shares. Wealthtrust Fairport Ltd Liability owns 19,491 shares. Shares are clocking price at $15.48 with change of 1.64%. Girard Ltd has 21,386 shares.

There are 614 institutional holders with active positions, accounting for 822.57 million shares in total. BidaskClub cut Huntington Bancshares from a "buy" rating to a "hold" rating in a research note on Thursday, January 4th. Marietta Investment Prtn Ltd Co holds 0.09% of its portfolio in Huntington Bancshares Incorporated (NASDAQ:HBAN) for 22,400 shares. Hbk Sorce Advisory Lc has 14,366 shares. The company provides clean, safe, reliable and affordable energy through electric operating companies in four states, natural gas distribution companies in seven states, a competitive generation company serving wholesale customers across America and nationally recognized provider of energy solutions, as well as fiber optics and wireless communications.

Since August 23, 2017, it had 0 insider buys, and 1 sale for $203,384 activity. Assumptions made within the analysis are not reflective of the position of any analysts or financial professionals. Therefore 60% are positive. Carpetright PLC had 62 analyst reports since July 23, 2015 according to SRatingsIntel. The brokerage now has a $17.00 target price on the bank's stock. Leerink Swann maintained the shares of JNJ in report on Wednesday, October 18 with "Buy" rating. The firm earned "Buy" rating on Thursday, April 20 by N+1 Singer. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The company gives a ROE of 9.70%. The stock has "Hold" rating by Deutsche Bank on Monday, December 14. Jpmorgan Chase & holds 111,575 shares. Its the same as in 2017Q2. Croft has 81,444 shares for 2.51% of their portfolio. Ruggie Capital Group has 100 shares for 0% of their portfolio. Moreover, Texas Yale Cap has 0.04% invested in Marriott Vacations Worldwide Corporation (NYSE:VAC) for 3,881 shares.

Short interest or otherwise called the percentage of a stock's tradable shares now being shorted is another data that investors use to get a handle on sentiment. Federated Investors Inc Pa holds 0% or 524 shares. The California-based Schwab Charles Mngmt Inc has invested 0% in AV Homes, Inc.

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