Published: Wed, May 24, 2017
Money | By Armando Alvarado

Huntington Bancshares Incorporated (NASDAQ:HBAN) Seeing Rampant Activity Today


Analysts' mean recommendation for Huntington Bancshares Incorporated (HBAN) stands at 2.30. They presently have a $14.00 price target on the bank's stock, down from their prior price target of $14.50. They now have a United States dollars 11.5 price target on the stock. A number of research analysts have recently commented on HBAN shares. Huntington Bancshares Incorporated has a 12 month low of $8.05 and a 12 month high of $14.74. As of April 28th, there was short interest totalling 19,008,458 shares, a decrease of 16.5% from the April 13th total of 22,755,699 shares. FBR & Co boosted their target price on Huntington Bancshares from $14.00 to $15.00 and gave the stock a "market perform" rating in a research note on Wednesday, January 25th. Hilliard Lyons cut Huntington Bancshares from a "buy" rating to a "neutral" rating in a research note on Thursday, January 26th. Finally, DA Davidson began coverage on Huntington Bancshares in a research report on Thursday, March 23rd. Of the 9 analysts surveyed by Reuters that track AVP 5 of them rate its stock a hold.

Among 2 analysts covering Major Drilling Group (TSE:MDI), 1 have Buy rating, 0 Sell and 1 Hold.

Huntington Bancshares Incorporated (NASDAQ:HBAN)'s shares are trading at $12.85 with incline of 1.66%.

The stock volatility for week was 2.30% while for month was 1.88%.The stock, as of last close, traded 59.14% to its 52 week low and was changed -14.23% from its 52 week high.

Stock is now moving with a positive distance from the 200 day simple moving average of approximately 4.47%, and has a poor year to date (YTD) performance of -4.39% which means the stock is constantly subtracting to its value from the previous fiscal year end price. Also, it has an estimated price-earnings (P/E) multiple of 11.49 and a trailing 12-month price-earnings (P/E) multiple of 18.73.

EPS in next five year years is expected to touch 10.56% while EPS growth in past 5 year was 3.60% along with sales growth of 6.00% in the last five years.

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Yet another important factor while evaluating a good buy/sell decision for Range Resources Corporation (RRC) is its Earnings per Share or EPS. The company had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.04 billion. On Thursday, May 18 STEINOUR STEPHEN D bought $619,808 worth of Huntington Bancshares Incorporated (NASDAQ:HBAN) or 50,000 shares. The business's quarterly revenue was up 39.8% compared to the same quarter previous year. Insiders have acquired 72,632 shares of company stock worth $920,547 in the last three months. Cornercap Counsel Incorporated stated it has 0.11% of its portfolio in Huntington Bancshares Incorporated (NASDAQ:HBAN).

Prnewswire.com's news article titled: "Huntington Bancshares Incorporated Declares Quarterly Cash Dividends On Its ..." with publication date: April 19, 2017 was also an interesting one. Stockholders of record on Monday, June 19th will be paid a dividend of $0.08 per share. Cornerstone Capital Management Holdings Ltd Limited Liability Company invested in 0.22% or 2.18M shares. The ex-dividend date is Thursday, June 15th. Huntington Bancshares's dividend payout ratio is 47.06%.

Currently, the market capitalization of Huntington Bancshares Incorporated (HBAN) is 13.74 Billion. If you are viewing this article on another website, it was illegally stolen and reposted in violation of U.S. & global copyright law. The stock is presently trading down its SMA-50 of $88.07. The stock's price is floating in a range of $12.60 and $12.85 whereas, it's 52-week High Price is $14.74 with respect to its 52-week Low Price of $8.05.

The share of Range Resources Corporation (RRC) now has a value of $25.55 while the company's 52 week low is at $24.67, the shares dropped to the 52 week low on 05/04/17. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Inglis John C also bought $100,417 worth of Huntington Bancshares Incorporated (NASDAQ:HBAN) on Tuesday, February 28. Harmening Andrew J bought $200,131 worth of stock or 15,490 shares. The disclosure for this purchase can be found here.

Earnings per share is the portion of a company's profit allocated to each outstanding share of common stock. The other 12 are split, though not evenly, between analysts who think you should buy its stock versus those who think you should sell it. 7,563,931 shares of the company traded hands. FMR LLC increased its stake in shares of Huntington Bancshares by 10.7% in the fourth quarter. Savant Capital LLC acquired a new position in Huntington Bancshares during the third quarter valued at approximately $102,000. The Manufacturers Life Insurance Company purchased a new position in Huntington Bancshares during the third quarter worth approximately $125,437,000. City Holding Co. increased its stake in Huntington Bancshares by 17.5% in the first quarter. The firm owned 89,000 shares of the bank's stock after selling 61,600 shares during the period. Finally, First Financial Bank N.A. Trust Division raised its stake in shares of Huntington Bancshares by 2.4% in the first quarter. Checchi Capital Advisers LLC now owns 11,178 shares of the bank's stock valued at $110,000 after buying an additional 1,424 shares during the period.

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