Huntington Bancshares Incorporated (HBAN) Given Consensus Rating of "Hold" by Analysts
- Author: Zachary Reyes Apr 01, 2017,
Apr 01, 2017, 9:34
The firm set a "buy" rating and a $16.50 price target on the stock. Looking at this figure it suggests that the shares of Huntington Bancshares Incorporated (HBAN) may be overvalued, however, this can also depend upon the situation of the market; if the market is strong then it could suggest that Huntington Bancshares Incorporated (HBAN) is a good investment, however if the market is weaker then it could suggest that the shares are undervalued. 25 Analysts reported that the Price Target for Huntington Bancshares Incorporated might touch $17 high while the Average Price Target and Low price Target is $15.05 and $13 respectively. Hilliard Lyons cut shares of Huntington Bancshares from a "buy" rating to a "neutral" rating in a report on Thursday, January 26th.
The number of shares now held by investors is 1.09 Billion. The company's shares were given away at $14.21 per share worth to an income of some $9,563 on account of Remiker Richard.
Institutional investors now hold around $10.72 billion or 74.6% in HBAN stock.
In the transaction dated November 29, 2016, the great number of shares disposed came courtesy the Senior Exec. V. P.; Houston Helga disposed a total of 8,378 shares at an average price of $12.33, amounting to approximately $103,301. Following the acquisition, the director now owns 7,142 shares in the company, valued at $100,416.52. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. ING Groep NV increased its position in shares of Huntington Bancshares by 56.0% in the fourth quarter. The short ratio in the company's stock is documented at 2.07 and the short float is around of 2.07%. The Value Composite score of Huntington Bancshares Incorporated (NasdaqGS:HBAN) is 59. Legal & General Group Plc increased its position in Huntington Bancshares by 3.1% in the second quarter. Additionally, Wedbush Initiated its ratings on the stock to Outperform. MAI Capital Management bought a new position in shares of Huntington Bancshares during the third quarter worth approximately $181,000. Savant Capital LLC purchased a new stake in shares of Huntington Bancshares during the third quarter valued at about $102,000.
Its last month's stock price volatility remained 2.55% which for the week stands at 2.60%.
Huntington Bancshares Incorporated (NASDAQ:HBAN) performance over the past one year soared 40.27% whereas its year to date (YTD) performance indicated a bearish trend of -0.94%.
Now we look at the Moving Averages, the 200-day is 17.55, the 50-day is -3.31 and the 20-day is -4.08.
Huntington Bancshares Incorporated (HBAN) jumped 1.54 percent and ended the day at $13.22.
Turning to market valuation, the P/E ratio is 21.90, the P/S ratio is 0.20 and the P/B ratio is finally 0.40.
Several analysts have released their opinion on Huntington Bancshares Incorporated (NASDAQ:HBAN), with 6 analysts believing it is a strong buy. The company's last traded volume of 16.55 million shares was above it's an average volume of 10.81 million shares. The return on equity ratio or ROE stands at 8.2 percent while most common profitability ratio return on investment (ROI) was 11.2 percent. The company had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.04 billion. However a year ago for the same quarter the company has reported $0.2 EPS. Revenue is expected in between 1.07 Billion and 1 Billion with an average of 1.04 Billion. Analysts anticipate that Huntington Bancshares Incorporated will post $0.96 earnings per share for the current fiscal year. However, it could also mean that something is fundamentally wrong with the company. That value represents a market adjusting for revenues that have been growing by 49.75 % on a quarterly year/year basis as of the company's last quarterly report. Huntington Bancshares Incorporated P/E (price to earnings) ratio is 19.25 and Forward P/E ratio of 12.27.