What Do Analysts Suggest For Huntington Bancshares Incorporated (HBAN)

Marco Green
April 3, 2018

Huntington Bancshares Incorporated (HBAN) escalated 0.53% and closed its last trading session at $15.1. ClariVest Asset Management LLC now owns 11,200 shares of the bank's stock valued at $156,000 after acquiring an additional 3,900 shares during the period. The stock has been moved at 9.82 percent over the last six months and 14.22 percent during past year.

The company is estimated to report earnings on April 24 BMO. It surpassed the Zacks Consensus Estimate in one of the trailing four quarters. Comparatively, the company has a Gross margin 0%. Also, unsustainable capital deployment activities keep us apprehensive.

That dynamic looks unlikely to change in the coming days, even though the most recent update on the US labor market looms at week's end. ValuEngine cut Huntington Bancshares from a "buy" rating to a "hold" rating in a research report on Friday, February 2nd. Keefe, Bruyette & Woods reiterated a "hold" rating and issued a $16.25 price target on shares of Huntington Bancshares in a research report on Friday, December 22nd. BidaskClub upgraded Huntington Bancshares from a "buy" rating to a "strong-buy" rating in a research report on Wednesday, March 7th. Huntington Bancshares now has a consensus rating of "Buy" and an average price target of $16.93. As of now, Huntington Bancshares Incorporated has a P/S, P/E and P/B values of 4.91, 17.42 and 1.67 respectively.

Some buy side analysts are also providing their Analysis on Huntington Bancshares Incorporated, where 5 analysts have rated the stock as Strong buy, 0 analysts have given a Buy signal, 2 said it's a HOLD, and 0 analysts rated the stock as Sell. The firm had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.10 billion. After this sale, 511,172 common shares of HBAN are directly owned by the insider, with total stake valued at $7,718,697. Huntington Bancshares reported sales of $1.04 billion in the same quarter last year, which suggests a positive year over year growth rate of 5.8%.

Liquidity ratios help investors to determine a company's ability to pay off its debts.

The highest price HBAN stock touched in the last 12 month was $16.6 and the lowest price it hit in the same period was $12.14.

Huntington Bancshares (NASDAQ:HBAN) last released its quarterly earnings results on Tuesday, January 23rd.

Earnings for each Share (EPS) are the part of a company's profit allocated to respectively outstanding share of common stock. Referred to as "market cap", it is determined by doubling a company's shares outstanding by the current market price of one share.

Huntington Bancshares Incorporated (NASDAQ:HBAN) yearly performance is 14.22% and net profit margin is 32.30%.

Wall Street analysts expect Huntington Bancshares Incorporated (NASDAQ:HBAN) to post sales of $1.10 billion for the current quarter, according to Zacks Investment Research. Stockholders of record on Monday, March 19th will be issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 3.00%. Huntington Bancshares's dividend payout ratio (DPR) is 44.90%.

Institutional investors now hold around $12.82 billion or 81.9% in HBAN stock. NA's holdings in Huntington Bancshares were worth $2,072,000 at the end of the most recent reporting period. Schroder Investment Management Group now owns 22,882 shares of the bank's stock worth $333,000 after buying an additional 3,298 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in shares of Huntington Bancshares by 4.5% during the fourth quarter.

The Financial stock (Huntington Bancshares Incorporated) showed a change of 0.13 percent from opening and finally turned off its business at $15.1 by scoring 0.53 percent on 29-03-2018.

Huntington Bancshares Incorporated, a United States of America based Company, belongs to Financial sector and Regional - Midwest Banks industry.

EPS growth for the next 5 years is 12.7 percent. Lido Advisors LLC bought a new stake in shares of Huntington Bancshares during the 4th quarter valued at about $174,000. BlackRock Inc. now owns 68,403,363 shares of the bank's stock valued at $995,953,000 after acquiring an additional 221,404 shares during the period. Signition LP bought a new stake in shares of Huntington Bancshares during the 4th quarter valued at about $171,000.

Technology and consumer-focused United States stocks on Thursday soared as Wall Street ended its most volatile quarter in more than two years with a broad-based rally.

COPYRIGHT VIOLATION NOTICE: This piece was originally published by Macon Daily and is the property of of Macon Daily.

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