Formidable Asset Management LLC boosted its position in Huntington Bancshares by 0.6% in the first quarter. Institutional investors and hedge funds own 75.71% of the company's stock. Raymond James Trust N.A. boosted its position in Huntington Bancshares by 1.5% in the first quarter. About 4.81 million shares traded. DA Davidson began coverage on shares of Huntington Bancshares in a research note on Thursday, March 23rd. The typical day in the last two weeks has seen about a 2.35% volatility. BlackRock Inc. now owns 68,761,543 shares of the bank's stock valued at $920,719,000 after buying an additional 66,453,890 shares during the period. Finally, Wetherby Asset Management Inc. boosted its position in shares of Huntington Bancshares by 2.7% in the fourth quarter. Nomura Asset Management Co.
Huntington Bancshares Incorporated (HBAN) shares jumped and closed the day at $13.75, with the percent change of 1.7%. The stock traded at a volume of 4.81 million shares. The stock closing price is now trading upward to its 50 day moving average with change of 4.64%, escalated to its 20 day moving average with figure of 3.75% and above its 200 day moving average with value 7.72%. Huntington Bancshares has a 52-week low of $8.23 and a 52-week high of $14.74. The corporation has a valuation of $14.95 B, a price to earnings ratio of 20.40 along with a stock beta of 1.37.
Huntington Bancshares Incorporated (NASDAQ:HBAN) performed nicely this week, continuing its impressive near-term upward movement. The company might have reported better than expected (consensus) earnings results.
In case of Revenue Estimates, 17 analysts have provided their consensus Average Revenue Estimates for Huntington Bancshares Incorporated as 1.07 Billion. The net profit margin for Huntington Bancshares Incorporated stands at 23.20%. The business's revenue for the quarter was up 39.8% on a year-over-year basis. During the same quarter previous year, the company posted $0.20 earnings per share. Equities research analysts anticipate that Huntington Bancshares Incorporated will post $0.92 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Monday, July 3rd. Investors of record on Monday, June 19th will be given a dividend of $0.08 per share. The ex-dividend date was Thursday, June 15th. California State Teachers Retirement holds 0.06% or 2.30M shares in its portfolio. Huntington Bancshares Incorporated (NASDAQ:HBAN) has risen 22.99% since July 3, 2016 and is uptrending. Macquarie Research upgraded Huntington Bancshares Incorporated (NASDAQ:HBAN) on Wednesday, January 27 to "Neutral" rating. "OH" was posted by Chaffey Breeze and is owned by of Chaffey Breeze. If you are reading this report on another publication, it was copied illegally and republished in violation of U.S. and global trademark and copyright law. The original version of this piece can be viewed at https://www.chaffeybreeze.com/2017/07/05/fort-washington-investment-advisors-inc-oh-continues-to-hold-stake-in-huntington-bancshares-incorporated-hban-updated-updated.html. A sell-side firm might have issued a buy report on the company.
Huntington Bancshares Incorporated's ROA is 0.87%, while industry's average is 2.37%. BidaskClub raised Huntington Bancshares from a "sell" rating to a "hold" rating in a research note on Tuesday, June 13th.
General Motors Company was covered by a number of analysts recently, 6 rated the stock as Buy, 6 rated Outperform, 14 rated Hold, 0 gave an Underperform and 0 rated sell. Analysts reported that the Price Target for Huntington Bancshares Incorporated might touch $16.5 high while the Average Price Target and Low price Target is $14.54 and $12 respectively. Keefe, Bruyette & Woods fixed a $14.00 price objective on Huntington Bancshares and issued the company a "hold" recommendation in a study on Mon, Apr 3rd. At the time of writing, the First Call consensus price target for the company is $14.66. Also, EVP Paul G. Heller sold 35,720 shares of Huntington Bancshares stock in a transaction dated Tuesday, May 9th. The shares were sold on May 9th for an average price of $12.93. Following the purchase, the executive vice president now owns 35,543 shares in the company, valued at approximately $459,215.56. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The shares were bought at an average price of $12.40 per share, for a total transaction of $620,000.00. Following the completion of the transaction, the executive vice president now directly owns 443,883 shares of the company's stock, valued at $5,739,407.19. The disclosure for this bought can be found here. Moreover, Tower Capital Limited Liability (Trc) has 0.04% invested in Huntington Bancshares Incorporated (NASDAQ:HBAN).