The stock of Huntington Bancshares Incorporated (NASDAQ:HBAN) is a huge mover today! About 10.55M shares traded hands. Huntington Bancshares Incorporated (NASDAQ:HBAN) has risen 22.79% since April 18, 2016 and is uptrending. It has outperformed by 18.36% the S&P500.
The move comes after 6 months positive chart setup for the $13.76B company. It was reported on Nov, 18 by Barchart.com. We have $18.97 PT which if reached, will make NASDAQ:HBAN worth $7.29 billion more.
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 of Huntington Bancshares Incorporated (NASDAQ:HBAN) has “Hold” rating given on Monday, September 7 by Zacks. The stock has “Hold” rating given by Evercore on Thursday, April 21. The firm has “Outperform” rating by Wedbush given on Friday, October 7. As per Friday, January 22, the company rating was maintained by FBR Capital. As per Tuesday, November 24, the company rating was initiated by Piper Jaffray. The firm earned “Outperform” rating on Monday, July 11 by FBR Capital. The stock of Huntington Bancshares Incorporated (NASDAQ:HBAN) has “Buy” rating given on Wednesday, April 6 by Sterne Agee CRT. The company was downgraded on Tuesday, October 11 by FBR Capital. As per Thursday, August 20, the company rating was initiated by Sterne Agee CRT. The rating was downgraded by Morgan Stanley on Thursday, December 10 to “Equal-Weight”.
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 Q2 2016. Its up 0.94, from 1.25 in 2016Q1. The ratio improved, 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.
Daiwa Securities Gp accumulated 0% or 31,600 shares. Susquehanna International Grp Inc Llp, a Pennsylvania-based fund reported 204,863 shares. Girard Ltd reported 27,240 shares or 0.09% of all its holdings. The Australia-based Westpac Bk Corporation has invested 0% in Huntington Bancshares Incorporated (NASDAQ:HBAN). The Alabama-based Kinsight Limited Liability Corp has invested 0.06% in Huntington Bancshares Incorporated (NASDAQ:HBAN). Highstreet Asset holds 0.11% or 35,752 shares in its portfolio. The Colorado-based Advisors Asset Incorporated has invested 0.02% in Huntington Bancshares Incorporated (NASDAQ:HBAN). Highland Cap L P has invested 0.16% of its portfolio in Huntington Bancshares Incorporated (NASDAQ:HBAN). Geode Capital Mgmt Limited Com accumulated 0.03% or 6.89 million shares. Tcw Grp Inc Inc has 0% invested in the company for 58,600 shares. Blackrock Fund Advsrs holds 0.03% of its portfolio in Huntington Bancshares Incorporated (NASDAQ:HBAN) for 13.04M shares. Old Bancorporation In accumulated 0.01% or 18,980 shares. Breton Hill Limited owns 99,564 shares or 0.29% of their US portfolio. The United Kingdom-based Royal London Asset Mngmt Limited has invested 0.04% in Huntington Bancshares Incorporated (NASDAQ:HBAN). Gsa Ptnrs Limited Liability Partnership accumulated 0.01% or 20,158 shares.
Insider Transactions: Since May 24, 2016, the stock had 0 insider buys, and 7 sales for $1.80 million net activity. Shares for $106,161 were sold by Anderson David S. on Wednesday, November 9. Pierce Sandra E. sold 52,994 shares worth $615,895. The insider Neumeyer Daniel J. sold 9,662 shares worth $102,546. On Monday, August 22 STANUTZ NICHOLAS G sold $340,819 worth of the stock or 35,350 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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