Equities Analysts Issue Forecasts for Huntington Bancshares Incorporated's FY2018 Earnings (HBAN)

Fernando Stephens
July 14, 2017

The stock witnessed 2.69% gains, 5.62% gains and 3% gains for the 1-month, 3-month and 6-month period, respectively. It takes the sum of all of the past closing prices over a specific time period and divides the result by the number of prices used in the calculation. Deutsche Bank AG reaffirmed a "buy" rating on shares of Huntington Bancshares in a research report on Monday, July 3rd. Zacks Investment Research raised Huntington Bancshares from a "hold" rating to a "buy" rating and set a $15.00 price target on the stock in a research report on Tuesday, April 11th.

Following previous thoughts, shifting focus on performance of the Huntington Bancshares Incorporated (NASDAQ:HBAN) that has shown a discernible change in trend levels over the path of recent market activity. A 19 analysts rate it as either a buy or a strong buy, while1 believe that investors should either steer clear of ATVI or, if they already own its stock, sell it. Finally, Morgan Stanley dropped their price objective on shares of Huntington Bancshares from $14.00 to $13.75 and set an equal weight rating for the company in a report on Tuesday, June 6th. Eleven investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. The stock has a consensus rating of "Hold" and a consensus target price of $14.23.

Huntington Bancshares (NASDAQ:HBAN) traded up 0.22% during mid-day trading on Tuesday, hitting $13.72. The Basswood Capital Management Llc holds 1.07M shares with $14.11 million value, down from 3.33M last quarter. Huntington Bancshares Incorporated (NASDAQ:HBAN) for the trailing twelve months paying dividend with the payout ratio of 45.52% to its shareholders. The share price has moved forward from its 20 days moving average 3.01% and positively from its 50 days moving average 5.37%.

Ngam Advisors LP Has $562000 Position in Dril-Quip, Inc. (DRQ)
Bunge Limited is an agribusiness and food firm with integrated activities that stretch from the farm field to consumer foods. It has underperformed by 25.50% the S&P500.The move comes after 8 months negative chart setup for the $1.89B company.

Huntington Bancshares (NASDAQ:HBAN) previously announced its periodic earnings reports on early Wed, Apr 19th. In the latest earnings report the EPS was $0.67 and is estimated to be $0.93 for the current year with 1,087,119,000 shares now outstanding. Basswood Capital Management Llc sold 2.26 million shares as Huntington Bancshares (HBAN)'s stock declined 11.04%. Analysts rating the company a 1 or 2 indicate a Buy recommendation. They expect $2.30 EPS, down 4.17% or $0.10 from last year's $2.4 per share. The firm's quarterly revenue was up 39.8% compared to the same quarter past year. Mai has invested 0.01% in Huntington Bancshares Incorporated (NASDAQ:HBAN). If you are accessing this article on another site, it was illegally copied and reposted in violation of USA and worldwide copyright legislation. Of Virginia Limited Liability Com stated it has 0.45% in Huntington Bancshares Incorporated (NASDAQ:HBAN). Eaton Vance Mgmt invested in 0.02% or 638,557 shares. Jefferies maintained Huntington Bancshares Incorporated (NASDAQ:HBAN) on Thursday, June 8 with "Buy" rating. After a recent spot-check, the stock has touched $13.76 which represents a change from the open of 0.07%.

03/24/2017 - D.A. Davidson began new coverage on Huntington Bancshares Incorporated giving the company a "buy" rating. The shares were acquired at an average price of $12.40 per share, with a total value of $620,000.00. Following the purchase, the chief executive officer now directly owns 3,891,831 shares in the company, valued at approximately $48,258,704.40. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. $461,912 worth of stock was sold by Heller Paul G on Tuesday, May 9. The shares were bought on May 15th for an average price of $12.92. Following the transaction, the executive vice president now directly owns 443,883 shares in the company, valued at $5,739,407.19. The disclosure for this purchase can be found here. Insiders own 1.30% of the company's stock.

One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which measures momentum on a scale of zero to 100. City Holding Co. boosted its position in Huntington Bancshares by 17.5% in the first quarter. Macquarie Group Ltd. boosted its position in shares of Huntington Bancshares by 285.6% in the fourth quarter. Andrew J. Harmening, Sr. The Highland Capital Management Lp holds 1.30 million shares with $17.15 million value, up from 1.13 million last quarter. Bronfman E.L. Rothschild L.P. now owns 9,548 shares of the bank's stock worth $128,000 after buying an additional 7,521 shares during the period. Bristol John W & Company Inc who had been investing in Wells Fargo & Co New for a number of months, seems to be bullish on the $272.97 billion market cap company. Remiker Richard sold $88,419 worth of Huntington Bancshares Incorporated (NASDAQ:HBAN) on Monday, May 1.

Other reports by BadHub

Discuss This Article

FOLLOW OUR NEWSPAPER