Today’s Market Runner: What’s Propelling Huntington Bancshares Incorporated to Increase So Much?

Today's Market Runner: What's Propelling Huntington Bancshares Incorporated to Increase So Much?

The stock of Huntington Bancshares Incorporated (NASDAQ:HBAN) is a huge mover today! About 9.60M shares traded hands. Huntington Bancshares Incorporated (NASDAQ:HBAN) has risen 23.12% since April 28, 2016 and is uptrending. It has outperformed by 17.20% the S&P500.
The move comes after 9 months positive chart setup for the $14.31B company. It was reported on Dec, 1 by Barchart.com. We have $13.78 PT which if reached, will make NASDAQ:HBAN worth $858.60M more.

Analysts await Huntington Bancshares Incorporated (NASDAQ:HBAN) to report earnings on January, 19. They expect $0.22 EPS, 0.00% or $0.00 from last year’s $0.22 per share. HBAN’s profit will be $242.17M for 14.77 P/E if the $0.22 EPS becomes a reality. After $0.22 actual EPS reported by Huntington Bancshares Incorporated for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Huntington Bancshares Incorporated (NASDAQ:HBAN) Ratings Coverage

Out of 20 analysts covering Huntington Bancshares Incorporated (NASDAQ:HBAN), 7 rate it a “Buy”, 0 “Sell”, while 13 “Hold”. This means 35% are positive. Huntington Bancshares Incorporated has been the topic of 39 analyst reports since August 6, 2015 according to StockzIntelligence Inc. As per Thursday, December 10, the company rating was downgraded by Morgan Stanley. The stock has “Buy” rating given by Sterne Agee CRT on Wednesday, April 6. The firm has “Outperform” rating by Macquarie Research given on Tuesday, November 22. As per Friday, August 28, the company rating was upgraded by Guggenheim. As per Monday, November 28, the company rating was downgraded by Jefferies. The firm has “Hold” rating given on Monday, September 7 by Zacks. The stock of Huntington Bancshares Incorporated (NASDAQ:HBAN) earned “Outperform” rating by RBC Capital Markets on Friday, January 22. The stock has “Outperform” rating given by Wedbush on Wednesday, November 30. The company was upgraded on Wednesday, January 27 by Robert W. Baird. The stock has “Market Perform” rating given by Bernstein on Thursday, April 21.

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 2.19 in 2016 Q2. Its up 0.94, from 1.25 in 2016Q1. The ratio increased, 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.
Pdt Ptnrs Lc holds 1.04% of its portfolio in Huntington Bancshares Incorporated (NASDAQ:HBAN) for 1.47M shares. Security last reported 18,866 shares in the company. The New York-based Rothschild Asset has invested 0.22% in Huntington Bancshares Incorporated (NASDAQ:HBAN). Stevens Management Limited Partnership, a Pennsylvania-based fund reported 297,482 shares. The Belgium-based Kbc Gp Nv has invested 0.13% in Huntington Bancshares Incorporated (NASDAQ:HBAN). Profund Limited Liability Company accumulated 26,155 shares or 0.01% of the stock. Moreover, Group Incorporated One Trading Limited Partnership has 0.01% invested in Huntington Bancshares Incorporated (NASDAQ:HBAN) for 94,292 shares. Savings Bank Of Montreal Can owns 925,948 shares or 0.01% of their US portfolio. Blackrock Group Limited reported 6.01M shares or 0.03% of all its holdings. Citigroup, a New York-based fund reported 1.92M shares. The West Virginia-based City Hldg has invested 0.05% in Huntington Bancshares Incorporated (NASDAQ:HBAN). Los Angeles Capital Mgmt And Equity Inc, a California-based fund reported 1.15 million shares. Fifth Third Financial Bank, a Ohio-based fund reported 74,052 shares. Moreover, Massachusetts Fincl Services Company Ma has 0.03% invested in Huntington Bancshares Incorporated (NASDAQ:HBAN) for 5.85 million shares. Foster Motley Incorporated accumulated 0.02% or 11,142 shares.

Insider Transactions: Since August 22, 2016, the stock had 0 insider purchases, and 6 sales for $1.54 million net activity. Shares for $615,895 were sold by Pierce Sandra E.. Anderson David S. sold $106,161 worth of stock. Houston Helga had sold 8,378 shares worth $103,324. STANUTZ NICHOLAS G also sold $340,819 worth of Huntington Bancshares Incorporated (NASDAQ:HBAN) shares.

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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