Notable Mover: Huntington Bancshares Inc (NASDAQ:HBAN) Institutional Investors Quarterly Sentiment

November 28, 2016 - By Nellie Frank   ·   0 Comments

Notable Mover: Huntington Bancshares Inc (NASDAQ:HBAN) Institutional Investors Quarterly Sentiment

Sentiment for Huntington Bancshares Inc (NASDAQ:HBAN)

Huntington Bancshares Inc (NASDAQ:HBAN) institutional sentiment increased to 2.19 in 2016 Q2. Its up 0.94, from 1.25 in 2016Q1. The ratio has increased, as 218 active investment managers increased and opened new equity positions, while 174 cut down and sold their stakes in Huntington Bancshares Inc. The active investment managers in our partner’s database now have: 597.98 million shares, down from 601.54 million shares in 2016Q1. Also, the number of active investment managers holding Huntington Bancshares Inc in their top 10 equity positions increased from 0 to 2 for an increase of 2. Sold All: 26 Reduced: 148 Increased: 157 New Position: 61.

Huntington Bancshares Incorporated is a diversified regional bank holding company. The company has a market cap of $13.46 billion. Through its subsidiaries, including its bank subsidiary, The Huntington National 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 has a 17.38 P/E ratio. 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.

About 1.96M shares traded hands. Huntington Bancshares Incorporated (NASDAQ:HBAN) has risen 23.62% since April 25, 2016 and is uptrending. It has outperformed by 17.61% the S&P500.

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 $237.64 million for 14.17 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.

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.”

Spero holds 2.38% of its portfolio in Huntington Bancshares Incorporated for 213,151 shares. Gideon Capital Advisors Inc. owns 408,788 shares or 2.13% of their US portfolio. Moreover, Macnealy Hoover Investment Management Inc has 2.05% invested in the company for 283,960 shares. The Michigan-based Deroy & Devereaux Private Investment Counsel Inc has invested 1.61% in the stock. Lumbard & Kellner Llc, a New Hampshire-based fund reported 228,900 shares.#img1#

Insider Transactions: Since January 1, 0001, the stock had 0 insider purchases, and 5 insider sales for $1.44 million net activity.

Huntington Bancshares Incorporated (NASDAQ:HBAN) Ratings Coverage

Ratings analysis reveals 37% of Huntington Bancshares Incorporated’s analysts are positive. Out of 19 Wall Street analysts rating Huntington Bancshares Incorporated, 7 give it “Buy”, 0 “Sell” rating, while 12 recommend “Hold”. The lowest target is $9.50 while the high is $13. The stock’s average target of $11.28 is -9.47% below today’s ($12.46) share price. HBAN was included in 37 notes of analysts from August 6, 2015. On Wednesday, January 27 the stock rating was upgraded by Robert W. Baird to “Outperform”. FBR Capital upgraded Huntington Bancshares Incorporated (NASDAQ:HBAN) on Monday, July 11 to “Outperform” rating. The firm has “Outperform” rating by RBC Capital Markets given on Friday, January 22. The firm has “Neutral” rating given on Tuesday, November 24 by Piper Jaffray. The company was upgraded on Wednesday, September 28 by Deutsche Bank. The stock of Huntington Bancshares Incorporated (NASDAQ:HBAN) has “Outperform” rating given on Friday, October 7 by Wedbush. Macquarie Research upgraded the shares of HBAN in a report on Wednesday, January 27 to “Neutral” rating. The rating was maintained by FBR Capital with “Mkt Perform” on Friday, January 22. The stock of Huntington Bancshares Incorporated (NASDAQ:HBAN) has “Equal-Weight” rating given on Thursday, December 10 by Morgan Stanley. The stock of Huntington Bancshares Incorporated (NASDAQ:HBAN) has “Market Perform” rating given on Thursday, April 21 by Bernstein.

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.

Another recent and important Huntington Bancshares Incorporated (NASDAQ:HBAN) news was published by Seekingalpha.com which published an article titled: “Huntington Bancshares: Are We Back?” on November 22, 2016.

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By Nellie Frank


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