Piper Jaffray Companies Reaffirms "Buy" Rating for Huntington Bancshares (HBAN)

Mae Love
January 13, 2018

Therefore, P/E ratio should be used cautiously. Verition Fund Management LLC bought a new position in shares of Huntington Bancshares during the 2nd quarter worth approximately $139,000.

Winch Advisory Services Llc decreased Huntington Bancshares Inc Com (HBAN) stake by 99.67% reported in 2017Q3 SEC filing.

The company's stock is now moving with a +ve distance from the 200 day SMA of approximately 16.34%, and has a solid year to date (YTD) performance of 7.35% which means that the stock is constantly adding to its value from the previous fiscal year end price. The stock opened the day at $15.38, and settled at $15.48 by the end to experience a 1.64% change. The company's 3-months average volume stands at 8.81 million.

Following some medium-term indicators on shares of Huntington Bancshares Incorporated (HBAN), we can see that the 40-day commodity channel index signal is presently Buy while the 50-day Parabolic SAR generates a Buy signal. It has outperformed by 6.29% the S&P500.

Ratings analysis reveals 50% of Huntington Banc's analysts are positive.

Huntington Bancshares Incorporated has a consensus outperform rating from 26 Wall Street analysts, and the number of shares now sold short amount to at least 2.19% of shares outstanding. The lowest target is $79.0 while the high is $84.0. The stock was sold at an average price of $13.88, for a total value of $603,655.08. The Home Depot Inc. had 102 analyst reports since August 19, 2015 according to SRatingsIntel. The company was maintained on Sunday, October 15 by Piper Jaffray. As per Tuesday, August 9, the company rating was maintained by Berenberg. The firm earned "Neutral" rating on Tuesday, December 13 by Goldman Sachs. The Company's Commercial Banking segment provides corporate risk management and institutional sales, trading, and underwriting services; commercial property and casualty, employee benefits, personal lines, life and disability, and specialty lines of insurance; and brokerage and agency services for residential and commercial title insurance, as well as excess and surplus product lines of insurance. Bernstein upgraded the stock to "Outperform" rating in Monday, November 14 report. The stock has "Buy" rating by Topeka Capital Markets on Tuesday, May 24.

Rudman Errol M holds 6.4% of its portfolio in Centene Corporation for 115,200 shares. Affinity Wealth Mgmt owns 10,569 shares. Prelude Mgmt Limited Company holds 114,386 shares. The Tennessee-based Southernsun Asset Management Llc has invested 5.58% in the stock.

Fsi Group Llc, which manages about $3.71 billion and $141.12 million US Long portfolio, decreased its stake in Flagstar Bancorp Inc (NYSE:FBC) by 22,000 shares to 178,000 shares, valued at $6.32M in 2017Q3, according to the filing. 791.23 million shares or 0.57% less from 795.73 million shares in 2017Q2 were reported. About 62,902 shares traded. Chubb Limited (NYSE:CB) has risen 10.92% since January 11, 2017 and is uptrending. It has outperformed by 15.86% the S&P500. This represents a $0.44 dividend on an annualized basis and a yield of 2.96%. Jefferies Group analyst K. Usdin now expects that the bank will earn $1.15 per share for the year, up from their prior estimate of $1.05. 495,724 shares or 25.88% less from 668,785 shares in 2017Q2 were reported. The company has a total of 1.07 Billion shares outstanding. Ny State Teachers Retirement System reported 2.01 million shares. It also upped Twenty First Centy Fox Inc (NASDAQ:FOX) stake by 34,600 shares and now owns 261,707 shares. Fcb Finl Hldgs Inc (NYSE:FCB) was reduced too.

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Among 27 analysts covering Huntington Bancshares Incorporated (NASDAQ:HBAN), 15 have Buy rating, 0 Sell and 12 Hold. Therefore 17% are positive. Fdx invested 0.01% in Huntington Bancshares Incorporated (NASDAQ:HBAN). The rating was upgraded by Credit Suisse on Wednesday, October 28 to "Outperform". The stock has "Buy" rating by M Partners on Thursday, January 14. On Tuesday, December 12 the stock rating was maintained by Shore Capital with "Hold".

The Company now has ROA (Return on Assets) of 0.9 percent, Return on Equity (ROE) of 9.7 Percent and Return on Investment (ROI) of 11.2% and Operating & Profit margin of 82.2% and 27.4% respectively. Robert W. Baird maintained the shares of HBAN in report on Friday, October 20 with "Hold" rating. The stock has "Buy" rating by Deutsche Bank on Wednesday, September 28. RBC Capital Markets maintained the shares of CB in report on Monday, August 28 with "Buy" rating.

Huntington Bancshares (NASDAQ:HBAN) last issued its quarterly earnings data on Wednesday, October 25th. In the a year ago there have been a total of 145 insider trades, including 79 open market buys and 66 sells. The difference between the actual and Estimated EPS is $-0.02.

Analysts await Huntington Bancshares Incorporated (NASDAQ:HBAN) to report earnings on January, 24.

Southern Company is America's premier energy company, with 46,000 MW of generating capacity and 1,500 billion cubic feet of combined natural gas consumption and throughput volume serving 9 million customers through its subsidiaries.

The most recent non open market insider trade was completed by STANUTZ NICHOLAS G on 01/02/2018, and was a disposition of 27,452 shares with a final price of $14.57.

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