Huntington Bancshares Incorpora (HBAN) Stake Decreased by Alliancebernstein LP

Highland Capital Management Lp increased Huntington Bancshares Inc (HBAN) stake by 14.33% reported in 2016Q4 SEC filing.

Brokerage houses, on average, are recommending investors to hold Huntington Bancshares Incorporated (HBAN)'s shares projecting a $14.79 target price.

On July 24 the company was upgraded from "Buy" to "Buy" by Hilliard Lyons.

According to the latest research reports released, 7 analysts have issued a rating of "buy", 6 analysts "outperform", 13 analysts "hold", 0 analysts "underperform" and 0 analysts "sell".

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Currently, EPS of Huntington Bancshares Incorporated (HBAN) is 0.23 while the analysts predicted the EPS of the stock to be 0.23 suggesting the company fell short of the analysts' expectations. Finally, BMO Capital Markets reissued an outperform rating and issued a $15.00 price objective (down previously from $16.00) on shares of Huntington Bancshares in a report on Friday, July 21st. The firm has "Hold" rating by Jefferies given on Monday, November 28. The company presently has an average rating of Buy and an average price target of $14.90. The company's stock had a trading volume of 8,095,206 shares. The firm's 50 day moving average price is $13.37 and its 200-day moving average price is $13.33. Highland Capital Management Lp who had been investing in Huntington Bancshares Inc for a number of months, seems to be bullish on the $14.55 billion market cap company. The stock touched 52-week High of $14.74 on 03/02/17 and 52-week Low of $9.40 on 08/12/16.

Huntington Bancshares (NASDAQ:HBAN) last announced its quarterly earnings data on Friday, July 21st. The bank reported $0.26 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.23 by $0.03. 35,720 Huntington Bancshares Incorporated (NASDAQ:HBAN) shares with value of $461,912 were sold by Heller Paul G. Another trade for 50,000 shares valued at $619,808 was made by STEINOUR STEPHEN D on Thursday, May 18. The business had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same quarter in the previous year, the firm posted $0.19 EPS. In the latest earnings report the EPS was $0.72 and is projected to be $0.91 for the current year with 1,090,016,000 shares now outstanding.

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01/03/2017 - Huntington Bancshares Incorporated had its "equal-weight" rating reiterated by analysts at Barclays. This repurchase authorization allows the bank to buy up to 2.2% of its stock through open market purchases.

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A stock rating usually tells investors how well a stock's market value relates to what analysts think is a fair value for the stock, based on an independent evaluation of the company.

The company also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Monday, September 18th will be given a dividend of $0.08 per share. This dividend represents a yeild of $2.40 which is the dividend as a percentage of the current share price.

In other news, EVP Andrew J. Harmening acquired 15,490 shares of the business's stock in a transaction dated Monday, May 15th. Also, Director Richard W. Neu purchased 2,450 shares of Huntington Bancshares stock in a transaction that occurred on Friday, July 28th. The stock was acquired at an average price of $13.10 per share, for a total transaction of $32,095.00. Following the completion of the transaction, the director now directly owns 184,596 shares in the company, valued at approximately $2,418,207.60. The disclosure for this purchase can be found here. It dived, as 38 investors sold HBAN shares while 179 reduced holdings. The stock of Huntington Bancshares Incorporated (NASDAQ:HBAN) earned "Buy" rating by Deutsche Bank on Wednesday, September 28. Vanguard Group Inc. raised its position in shares of Huntington Bancshares by 3.8% in the first quarter. Also, the number of active investment managers holding Huntington Bancshares Inc in their top 10 holdings increased from 3 to 5 for an increase of 2. FMR LLC boosted its stake in shares of Huntington Bancshares by 21.4% in the first quarter. Wellington Management Group LLP has an ownership of 18,405,607 stocks of the bank's shares valued $246,451,000 after scooping up an extra 1,121,927 shares through out the quarter. Boston Partners raised its position in shares of Huntington Bancshares by 29.5% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 80,766 shares of the bank's stock worth $1,092,000 after buying an additional 216 shares in the last quarter.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Analysts pegging the company with a rating of 3 would be indicating a Hold recommendation.

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