Analysts Speculate on: Huntington Bancshares Incorporated (NASDAQ:HBAN)
- Author: Zachary Reyes Feb 23, 2017,
Feb 23, 2017, 23:46
Huntington Bancshares Incorporated (NASDAQ:HBAN) gained 0.00% to reach at the trading price of $14.19 as it is set to release its next quarterly earnings report on April 19, 2017. This score falls on a scale from 0 to 100 where a lower score would indicate an undervalued company and a higher score would indicate an overvalued company. Macquarie has been covering shares of HBAN, so it is most recent view is worth a look.
Other institutional investors also recently added to or reduced their stakes in the company. The companys revenue was up 39.3% compared to the same quarter previous year.
To view the price target ranked by analysts, ICE attains high-level price target of 67 while lower level target was 52, it can be use an indication to know how much worth stock has stored in it. ING Groep NV boosted its position in Huntington Bancshares by 56.0% in the fourth quarter. The fund owned 160,065 shares of the company's stock after buying an additional 127,453 shares during the period. The fund bought 100,606 shares of the company's stock, valued at approximately $992,000. Finally, Northern Trust Corp raised its position in Huntington Bancshares by 57.8% in the third quarter. Similarly, the positive performance for the quarter recorded as 5.61% and for the year was 20.99%, while the YTD performance remained at 2.32%. Huntington Bancshares Incorporated has a one year low of $8.05 and a one year high of $14.34. The stock's current distance from 20-Day Simple Moving Average (SMA20) is 3.28% where SMA50 and SMA200 are 5.53% and 30.88% respectively. The company's market cap is $15.41 Billion.
Presently Huntington Bancshares Incorporated (NASDAQ:HBAN) stock have an ABR of 2.35. Looking ahead to earnings forecasts, for the running fiscal period, Wall Street analysts have anticipated that the company will report 0.22 earnings per share. Huntington Bancshares had a return on equity of 11.09% and a net margin of 18.11%. Also, the current price highlights a discount of 22.85% to analysts' high consensus price target. According to them, the median (average) EPS the company could deliver is 0.22/share. This showed the surprise of -18.2% in the last quarter earnings. The ex-dividend date of this dividend is Thursday, March 16th. The 0.70% returns on assets present notable condition of firm.
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Several equities analysts have commented on the stock. Huntington Bancshares Incorporated got Downgrade on 28-Nov-16 where investment firm Jefferies Downgrade the stock from Buy to Hold.
According to Financial Times, The 25 analysts offering 12 month price targets for Huntington Bancshares Incorporated have a median target of 15.00, with a high estimate of 17.00 and a low estimate of 12.00. Twelve research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company.
In related news, insider Helga Houston sold 8,378 shares of Huntington Bancshares stock in a transaction that occurred on Tuesday, November 29th. The Average Volume (3 months) is 12.51 Million. Institutional investors own 70.49% of the company's stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The stock was sold at an average price of $12.33, for a total transaction of $103,300.74.
Huntington Bancshares Incorporated is a diversified regional bank holding company.