What’s Next for Huntington Bancshares Incorporated After Today’s Bearish Options Activity?

 What's Next for Huntington Bancshares Incorporated After Today's Bearish Options Activity?

In today’s session Huntington Bancshares Incorporated (HBAN) recorded an unusually high (228) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the January, 2017 put, expecting serious HBAN decrease. With 228 contracts traded and 6744 open interest for the Jan, 17 contract, it seems this is a quite bearish bet. The option with symbol: HBAN170120P00012000 closed last at: $0.36 or 2.9% up. About 2.13 million shares traded hands. Huntington Bancshares Incorporated (NASDAQ:HBAN) has risen 19.49% since April 26, 2016 and is uptrending. It has outperformed by 14.23% 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 $233.04 million for 14.00 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. $13 is the highest target while $9.50 is the lowest. The $11.28 average target is -8.44% below today’s ($12.32) stock price. Huntington Bancshares Incorporated has been the topic of 38 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The firm has “Outperform” rating by RBC Capital Markets given on Friday, January 22. The stock of Huntington Bancshares Incorporated (NASDAQ:HBAN) earned “Outperform” rating by Wedbush on Thursday, October 27. Robert W. Baird downgraded the stock to “Neutral” rating in Thursday, May 26 report. The stock of Huntington Bancshares Incorporated (NASDAQ:HBAN) earned “Outperform” rating by Robert W. Baird on Wednesday, January 27. The rating was maintained by FBR Capital on Friday, January 22 with “Mkt Perform”. The firm has “Hold” rating by Evercore given on Thursday, April 21. The firm earned “Mkt Perform” rating on Tuesday, October 11 by FBR Capital. The stock of Huntington Bancshares Incorporated (NASDAQ:HBAN) has “Neutral” rating given on Wednesday, January 27 by Macquarie Research. The stock of Huntington Bancshares Incorporated (NASDAQ:HBAN) has “Neutral” rating given on Tuesday, November 24 by Piper Jaffray. The stock has “Neutral” rating given by Sterne Agee CRT on Thursday, August 20.

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.
Greenleaf accumulated 47,700 shares or 0.01% of the stock. Moreover, Next Fincl Group Inc has 0% invested in Huntington Bancshares Incorporated (NASDAQ:HBAN) for 1,596 shares. Alps last reported 46,011 shares in the company. Aperio Gp Limited Liability Corp owns 278,325 shares or 0.02% of their US portfolio. Davidson Garrard last reported 79,873 shares in the company. Qs Invsts Lc last reported 0% of its portfolio in the stock. Pinebridge Invs Ltd Partnership accumulated 1.07 million shares or 0.49% of the stock. Janney Management Lc last reported 27,947 shares in the company. Guardian L P reported 15,539 shares or 0% of all its holdings. Pggm Investments last reported 559,513 shares in the company. Gerstein Fisher accumulated 0.02% or 19,835 shares. The Pennsylvania-based Stevens Cap Mgmt L P has invested 0.11% in Huntington Bancshares Incorporated (NASDAQ:HBAN). Macnealy Hoover Invest Mngmt holds 2.05% of its portfolio in Huntington Bancshares Incorporated (NASDAQ:HBAN) for 283,960 shares. Nomura has 0% invested in the company for 16,728 shares. Amalgamated Bank reported 109,061 shares or 0.06% of all its holdings.

Insider Transactions: Since August 22, 2016, the stock had 0 buys, and 5 sales for $1.44 million net activity. Another trade for 35,350 shares valued at $340,819 was made by STANUTZ NICHOLAS G on Monday, August 22. 10,011 shares were sold by Anderson David S., worth $106,161. Shares for $615,895 were sold by Pierce Sandra E..

Huntington Bancshares Incorporated is a diversified regional bank holding company. The company has a market cap of $13.05 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 17.18 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.

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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