Huntington Bancshares Sees Significant Growth in Short Interest (HBAN)
Huntington Bancshares (NASDAQ:HBAN) was the target of a significant increase in short interest in June. As of June 13th, there was short interest totalling 14,497,760 shares, an increase of 18.3% from the May 30th total of 12,256,104 shares, AmericanBankingNews.com reports. Approximately 1.8% of the shares of the stock are sold short. Based on an average daily volume of 7,393,324 shares, the short-interest ratio is currently 2.0 days.
A number of analysts have recently weighed in on HBAN shares. Analysts at Keefe, Bruyette & Woods raised their price target on shares of Huntington Bancshares from $9.00 to $10.00 in a research note on Monday, June 9th. Separately, analysts at BB&T Corp. initiated coverage on shares of Huntington Bancshares in a research note on Friday, May 30th. They set a “neutral” rating on the stock. Finally, analysts at Sterne Agee initiated coverage on shares of Huntington Bancshares in a research note on Friday, May 30th. They set a “neutral” rating on the stock. Thirteen analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Huntington Bancshares presently has a consensus rating of “Hold” and a consensus target price of $9.73.
Shares of Huntington Bancshares (NASDAQ:HBAN) opened at 9.56 on Monday. Huntington Bancshares has a 52-week low of $7.90 and a 52-week high of $10.29. The stock has a 50-day moving average of $9.37 and a 200-day moving average of $9.45. The company has a market cap of $7.913 billion and a P/E ratio of 13.31.
Huntington Bancshares (NASDAQ:HBAN) last issued its quarterly earnings data 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.
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