Huntington Bancshares Sees Large Decrease in Short Interest (HBAN)
Huntington Bancshares (NASDAQ:HBAN) saw a large decline in short interest in the month of May. As of May 15th, there was short interest totalling 12,508,044 shares, a decline of 18.5% from the April 30th total of 15,347,409 shares, AnalystRatingsNetwork reports. Based on an average trading volume of 9,365,895 shares, the days-to-cover ratio is presently 1.3 days. Approximately 1.5% of the shares of the company are sold short.
HBAN has been the subject of a number of recent research reports. Analysts at BB&T Corp. initiated coverage on shares of Huntington Bancshares in a research note on Friday. They set a “neutral” rating on the stock. Separately, analysts at Sterne Agee initiated coverage on shares of Huntington Bancshares in a research note on Friday. They set a “neutral” rating on the stock. Finally, analysts at Nomura initiated coverage on shares of Huntington Bancshares in a research note on Wednesday, May 14th. They set a “neutral” rating and a $10.00 price target on the stock. Fifteen analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $9.53.
Shares of Huntington Bancshares (NASDAQ:HBAN) opened at 9.36 on Tuesday. Huntington Bancshares has a one year low of $7.38 and a one year high of $10.29. The stock has a 50-day moving average of $9.19 and a 200-day moving average of $9.40. The company has a market cap of $7.748 billion and a price-to-earnings ratio of 12.88.
Huntington Bancshares (NASDAQ:HBAN) last announced its earnings results on Wednesday, April 16th. The company reported $0.17 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.17. The company had revenue of $691.90 million for the quarter, compared to the consensus estimate of $675.78 million. During the same quarter in the prior year, the company posted $0.17 earnings per share. The company’s quarterly revenue was up .8% on a year-over-year basis. On average, analysts predict that Huntington Bancshares will post $0.72 earnings per share for the current fiscal year.
Huntington Bancshares Incorporated (NASDAQ:HBAN) is a multi-state diversified regional bank holding company.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.