Stock Brushing a Recent High: Huntington Bancshares Incorporated (NASDAQ:HBAN)

Through its subsidiaries, including its bank subsidiary, The Huntington National Bank (the Bank), the Company provides commercial and consumer banking services, mortgage banking services, automobile financing, recreational vehicle and marine financing, equipment leasing, investment management, trust services, brokerage services, insurance programs, and other financial products and services. It has a 18.85 P/E ratio. Huntington Bancshares Inc now has $16.73 billion valuation. The stock increased 0.77% or $0.7 during the last trading session, reaching $91.89. Investors use this ratio to decide what multiple of earnings a share is worth. International Paper Company (NYSE:IP) has risen 26.95% since January 11, 2017 and is uptrending. It has underperformed by 5.78% the S&P500.

As the P/E goes up, it shows that current investor sentiment is that the company is worth more. Its down 0.03, from 0.99 in 2017Q2. It fall, as 1 investors sold Chubb Limited shares while 6 reduced holdings. 48 funds opened positions while 156 raised stakes. Trustmark Bank Department holds 0.02% or 11,490 shares. Clinton reported 0.54% stake. Loring Wolcott And Coolidge Fiduciary Advisors Llp Ma owns 10 shares or 0% of their U.S. portfolio. Moreover, Cortland Associates Inc Mo has 5.7% invested in the company for 316,083 shares. Shareholders of record on Monday, December 18th were paid a dividend of $0.11 per share. Sumitomo Mitsui Asset Management Limited owns 84,844 shares or 0.02% of their United States portfolio. Private Company Na stated it has 11,154 shares. Natixis Asset Mngmt invested in 0.17% or 11,940 shares. Sun Life Financial INC now owns 7,993 shares of the bank's stock valued at $108,000 after acquiring an additional 7,985 shares during the last quarter. Garrison Financial, Arkansas-based fund reported 1,657 shares. Baldwin Investment Mngmt Ltd has 4,475 shares. Rowland & Inv Counsel Adv stated it has 46,294 shares or 2.85% of all its holdings. The company has market cap of $67.45 billion. 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. It has a 17.4 P/E ratio.

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. Therefore 56% are positive. Huntington Bancshares Incorporated had 76 analyst reports since August 6, 2015 according to SRatingsIntel. Wood maintained Chubb Limited (NYSE:CB) on Friday, April 28 with "Buy" rating. Keefe Bruyette & Woods maintained the shares of CB in report on Wednesday, July 5 with "Buy" rating.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our daily email newsletter. As per Thursday, June 1, the company rating was maintained by Keefe Bruyette & Woods. On Friday, August 28 the stock rating was upgraded by Guggenheim to "Buy". As per Wednesday, September 9, the company rating was initiated by BMO Capital Markets. As per Monday, August 17, the company rating was maintained by Cantor Fitzgerald. Nomura downgraded the shares of ADI in report on Thursday, August 20 to "Reduce" rating. Keybank Association Oh has invested 0.01% of its portfolio in Huntington Bancshares Incorporated (NASDAQ:HBAN). During the same period in the prior year, the company posted $0.11 earnings per share. research analysts forecast that Huntington Bancshares will post 0.98 earnings per share for the current year. HBAN's profit would be $281.05M giving it 14.94 P/E if the $0.26 EPS is correct. The bank reported $0.23 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.25 by ($0.02).

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Pacifica Capital Investments Llc holds 2.96% of its portfolio in Build-A-Bear Workshop, Inc. for 619,673 shares. (NASDAQ: TTWO ). Virginia Retirement Et Al owns 0.02% invested in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) for 12,263 shares.

The stock decreased 0.16% or $0.17 during the last trading session, reaching $105.8. About 8.94 million shares traded or 1.06% up from the average. Orrstown Fin Svcs invested 0.06% in Huntington Bancshares Incorporated (NASDAQ:HBAN). It has outperformed by 6.29% the S&P500. Huntington Bancshares's payout ratio is presently 38.55%. Bartlett And Ltd has 13,471 shares for 0.01% of their portfolio. The New York-based Levin Capital Strategies L.P. has invested 2.54% in the stock. Hsbc Holdg Public Ltd Com holds 0.7% or 2.65 million shares in its portfolio.

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

Sell side analysts plays vital role in buying and selling a stock where 5 analysts rated Huntington Bancshares Incorporated (NASDAQ:HBAN) as Buy, 0 analysts given Outperform signal, 2 reported Hold, and 0 analysts rated the stock as Sell. The lowest target is $11.5 while the high is $14.0.

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. CNC was included in 8 notes of analysts from September 6, 2016. The firm has "Outperform" rating given on Tuesday, November 22 by Macquarie Research. The company was downgraded on Tuesday, October 11 by FBR Capital. Finally, BMO Capital Markets cut Huntington Bancshares from an "outperform" rating to a "market perform" rating and set a $16.00 price objective on the stock.in a report on Thursday, October 26th.

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