Huntington Bancshares Inc (HBAN)

HBAN (NASDAQ:Banking) EQUITY
$9.41
pos +0.11
+1.18%
Today's Range: 9.24 - 9.42 | HBAN Avg Daily Volume: 11,055,100
Last Update: 07/26/16 - 4:00 PM EDT
Volume: 7,418,577
YTD Performance: -14.92%
Open: $9.30
Previous Close: $9.30
52 Week Range: $7.83 - $11.88
Oustanding Shares: 796,689,077
Market Cap: 7,409,208,416
6-Month Chart
TheStreet Ratings Grade for HBAN
Buy Hold Sell
A+ A A- B+ B B- C+ C C- D+ D D- E+ E E- F
TheStreet Ratings is the source for accurate ratings that you can rely upon to make sound, informed financial decisions. Click here to find out about our methodology.
Analysts Ratings
Historical Rec Current 1 Mo. Ago 2 Mo. Ago 3 Mo. Ago
Strong Buy 6 5 5 6
Moderate Buy 2 2 2 2
Hold 9 10 11 10
Moderate Sell 1 1 1 1
Strong Sell 0 0 0 0
Mean Rec. 2.28 2.39 2.42 2.32
Latest Dividend: 0.07
Latest Dividend Yield: 3.01%
Dividend Ex-Date: 09/15/16
Price Earnings Ratio: 11.62
Price Earnings Comparisons:
HBAN Sector Avg. S&P 500
11.62 11.90 12.90
Price Performance History (%Change):
3 Mo 1 Yr 3 Y
-8.28% -19.98% 9.42%
GROWTH 12 Mo 3 Yr CAGR
Revenue 6.80 0.00 0.01
Net Income 9.60 0.10 0.03
EPS 12.50 0.10 0.05
Earnings for HBAN:
EBITDA 1.08B
Revenue 3.16B
Average Earnings Estimates
Qtr (09/16) Qtr (12/16) FY (12/16) FY (12/17)
Average Estimate $0.21 $0.21 $0.82 $0.89
Number of Analysts 8 7 9 11
High Estimate $0.22 $0.22 $0.87 $0.98
Low Estimate $0.20 $0.19 $0.64 $0.75
Prior Year $0.18 $0.22 $0.85 $0.82
Growth Rate (Year over Year) 15.97% -6.49% -4.05% 8.79%
Chart Benchmark
Average Frequency Timeframe
Indicator Chart Scale  
Symbol Comparison Bollinger Bands
When comparing dividend yields to trailing P/E, JPM has a notable peer in HBAN.
Citigroup, JPMorgan and Wells Fargo showed that the banking sector could still post solid earnings, even in a low interest rate environment.
While Japanese banks deal with negative interest rates, low interest rates in the U.S. are comparatively more attractive.
Bullish
Apr 06, 2016 | 7:08 AM EDT
HBAN was upgraded to Buy, Sterne Agee CRT said. $11.50 price target. Company has a solid franchise with earnings leverage. 
We're looking to add to our positions in companies we believe can outperform in coming quarters
I thought today was a picture perfect day for the bullishly inclined. In the market without memory from day to day, the market forgot yesterday. Mr. Market had every reason to continue yesterday's schmeissing. It looked scary at the get go. If someone told you the Chinese stock market would be down 6% overnight, raise your hand if you would have expected the S&P 500 to advance by more than 20 handles? I don't see many hands. At their nadir, the S&P futures dropped by about 17 handles last evening. At 3:45 p.m. ET today, they had rallied by more than 40 handles. During the day there were several small dips; the market had every excuse to sell off, but buyers surfaced. There was an interesting and respectful debate between Rev and myself with regard to the enthusiasm corresponding to today's rally. I don't see it (I see fear and immobility), Rev sees optimism. (See my Columnist Conversation response and Rev's column.) It's an open debate that will not be resolved for a bit more time! Per the last bullet point, the investor sentiment numbers out midweek should be interesting. The U.S. dollar was modestly weaker today. Crude, the tail that wags the market's dog, climbed 90 cents. Natural gas was a penny higher. I covered my oil shorts in the session's early going. Gold was up $17. Treasuries were flattish, with most maturities showing a basis point change of one to two (up and down) in yield. Municipals were offered, but closed-end muni funds traded well.  They had been a source of funds recently). High-yield debt followed the crude market and was better bid. iShares iBoxx $ High Yield Corporate Bond ETF (HYG) was up 70 cents and SPDR Barclays High Yield Bond ETF (JNK) was up 28 cents. Blackstone/GSO Strategic Credit Fund (BGB) regained what it lost yesterday. I have further added over the last three days. Wheat was three cents higher, corn a penny lower and soybeans down a nickel. Lumber was up 2%. FInancials rebounded from Monday's poor showing. The planned acquisition by Huntington Bancshares (HBAN) of FirstMerit (FMER) sparked the regional sector. I continue to add to Hartford Financial Services Group (HIG), Citigroup (C) and Bank of America (BAC). Staples, led by Kimberly-Clark (KMB) and Procter & Gamble (PG), were strong. Old tech was well-bid, though gains were muted. (T)FANG underperformed. But as I mentioned, I believe this is a positive signpost. We want to see leadership broaden and (arguably) excessive speculative valuations curbed.  NOSH was higher, led by O'Reilly Automotive (ORLY). CRABBY was strong across the board, with all six components higher. I had an active trading day; I covered a number of shorts, including Exxon Mobil (XOM), Schlumberger (SLB), iShares MSCI Germany (EWG), iShares MSCI France (EWQ) and iShares MSCI United Kingdom (EWU). I also bought several new positions, including Procter & Gamble

More on My Current Strategy Real Money Pro($)

My investment experience is that it's not smart to be fearful when most people are fearful.
We're closing this now with the stock popping today to $11.75. 
The strongest sector right now is benefiting from interest rates talk.

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