The stock of Huntington Bancshares Incorporated (NASDAQ:HBAN) hit a new 52-week high and has $16.39 target or 34.00% above today’s $12.23 share price. The 6 months bullish chart indicates low risk for the $13.23 billion company. The 1-year high was reported on Nov, 17 by Barchart.com. If the $16.39 price target is reached, the company will be worth $4.50B more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 14.59 million shares traded hands or 1.81% up from the average. Huntington Bancshares Incorporated (NASDAQ:HBAN) has risen 20.14% since April 15, 2016 and is uptrending. It has outperformed by 15.52% the S&P500.
Huntington Bancshares Incorporated (NASDAQ:HBAN) Ratings Coverage
Out of 19 analysts covering Huntington Bancshares Incorporated (NASDAQ:HBAN), 6 rate it a “Buy”, 0 “Sell”, while 13 “Hold”. This means 32% are positive. Huntington Bancshares Incorporated has been the topic of 36 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The stock has “Neutral” rating given by Robert W. Baird on Thursday, May 26. The stock of Huntington Bancshares Incorporated (NASDAQ:HBAN) has “Neutral” rating given on Tuesday, November 24 by Piper Jaffray. The firm has “Hold” rating by Evercore given on Thursday, April 21. The rating was upgraded by Sterne Agee CRT on Wednesday, April 6 to “Buy”. On Wednesday, January 27 the stock rating was upgraded by Robert W. Baird to “Outperform”. The stock of Huntington Bancshares Incorporated (NASDAQ:HBAN) earned “Market Perform” rating by Bernstein on Thursday, April 21. As per Thursday, August 20, the company rating was initiated by Sterne Agee CRT. The firm earned “Outperform” rating on Thursday, October 27 by Wedbush. The firm earned “Mkt Perform” rating on Friday, January 22 by FBR Capital. The rating was upgraded by Guggenheim to “Buy” on Friday, August 28.
According to Zacks Investment Research, “Huntington Bancshares is a multi-state bank holding company. Its subsidiaries conduct a full-service commercial and consumer banking business, engage in mortgage banking, lease financing, trust services, discount brokerage services, underwriting credit life and disability insurance, selling other insurance products, and issuing commercial paper guaranteed by Huntington, and providing other financial products and services.”
Insitutional Activity: The institutional sentiment increased to 1.25 in 2016 Q2. Its up 0.25, from 1 in 2016Q1. The ratio is positive, as 26 funds sold all Huntington Bancshares Incorporated shares owned while 148 reduced positions. 61 funds bought stakes while 157 increased positions. They now own 597.98 million shares or 0.59% less from 601.54 million shares in 2016Q1.
Guardian Ltd Partnership has invested 0% of its portfolio in Huntington Bancshares Incorporated (NASDAQ:HBAN). The Maryland-based Price T Rowe Associate Md has invested 0% in Huntington Bancshares Incorporated (NASDAQ:HBAN). Raymond James Trust Na holds 0.01% or 15,339 shares in its portfolio. Winfield Associates has 0% invested in the company for 573 shares. Brown Advisory Secs Limited Liability Com last reported 0.03% of its portfolio in the stock. Toronto Dominion Fincl Bank has 0% invested in the company for 4,371 shares. Ameritas Investment has invested 0.01% of its portfolio in Huntington Bancshares Incorporated (NASDAQ:HBAN). Tudor Invest Et Al accumulated 0.01% or 35,600 shares. Dekabank Deutsche Girozentrale owns 25,144 shares or 0% of their US portfolio. Alphamark Advsrs Ltd Liability Corp accumulated 0.01% or 1,200 shares. Robeco Institutional Asset Mngmt Bv last reported 0% of its portfolio in the stock. Deroy Devereaux Private Invest Counsel holds 1.36M shares or 1.61% of its portfolio. Carnegie Asset Management Limited Co holds 19,221 shares or 0.03% of its portfolio. First Heartland Consultants holds 0.03% of its portfolio in Huntington Bancshares Incorporated (NASDAQ:HBAN) for 30,355 shares. Mizuho And Bk holds 1.29M shares or 0.04% of its portfolio.
Insider Transactions: Since May 24, 2016, the stock had 0 insider buys, and 7 sales for $1.80 million net activity. Pierce Sandra E. had sold 52,994 shares worth $615,895 on Friday, November 11. The insider Anderson David S. sold $106,161. STANUTZ NICHOLAS G sold 25,000 shares worth $288,557. 9,662 shares were sold by Neumeyer Daniel J., worth $102,546 on Wednesday, May 25.
HBAN Company Profile
Huntington Bancshares Incorporated, incorporated on April 14, 1966, is a diversified regional bank holding company. Through its subsidiaries, including its bank subsidiary, The Huntington National Bank (the Bank), the Company is engaged in providing commercial, small business, consumer banking services, mortgage banking services, automobile financing, equipment leasing, investment management, trust services, brokerage services, customized insurance programs, and other financial services and products. It operates through five divisions: Retail and Business Banking, Commercial Banking, Automobile Finance and Commercial Real Estate, Regional Banking and The Huntington Private Client Group, and Home Lending. The Firm offers commercial and industrial loans, commercial real estate loans, automobile loans, home equity loans, residential mortgage loans and other consumer loans. The Firm offers demand deposits-noninterest-bearing, demand deposits-interest-bearing, money market deposits, savings and other domestic deposits, core certificates of deposit, other domestic time deposits of $250,000 or more, and brokered time deposits and negotiable certificate of deposits (CDs). The Company’s total loans and leases are approximately $50.3 billion and total deposits are approximately $55.2 billion.
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