Stocks Analysis - NIKE, Inc. (NYSE:NKE), Huntington Bancshares Incorporated (NASDAQ:HBAN)

Leslie Hanson
October 19, 2017

It fall, as 43 investors sold HBAN shares while 180 reduced holdings. The total amount of shares outstanding is 1.10B, giving the company a market capitalization of about 15.15B. Finally, Eqis Capital Management Inc. bought a new position in shares of Huntington Bancshares in the second quarter worth approximately $146,000. Flinton Capital Management LLC now owns 23,152 shares of the bank's stock worth $313,000 after purchasing an additional 2,928 shares during the period. Mitsubishi Ufj And Bk invested in 1.62 million shares or 0.23% of the stock. The Stock has YTD (year to date) performance of 4.46 percent. Carnegie Asset Mngmt Ltd Company invested 0.17% in Huntington Bancshares Incorporated (NASDAQ:HBAN). Its stake was valued at $1,681,000 an increase of 10.0% as of quarter end.

Shares of the company are trading at $13.81 just a bit higher than the 50 day moving average which is $13.24 and which is a tad above the 200 day moving average of $13.11.

The company now has an insider ownership of 1 Percent and Institutional ownership of 78 Percent.

Several research analysts have recently commented on the company. Royal Bank Of Canada reiterated a "buy" rating and set a $16.00 price target on shares of Huntington Bancshares in a research note on Thursday, July 27th.

On September 14, 2017 the stock rating was set at "Outperform" according to a Bernstein report a boost from the previous "Hold" rating. BidaskClub lowered Huntington Bancshares from a "hold" rating to a "sell" rating in a research report on Tuesday, August 1st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have given a buy rating to the company. The median target of analyst views collected by Yahoo Finance was as much as $1.19 below HBAN's recent stock price.

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The company's share price is down -6.73% from previous highs of around $14.74 per share on March 02, 2017. The results of the trading session contributed to over 5,231,546 shares changing hands. Shocker? The volume performance for the stock on the day in question is unusually low, especially when matched against average 2.69M. The shares were acquired at an average price of $13.10 per share, with a total value of $32,095.00. Also, Director Richard W. Neu bought 2,450 shares of Huntington Bancshares stock in a transaction that occurred on Friday, July 28th. The disclosure for this purchase can be found here. This is apparently because shareholders use the 52-week high as an "anchor" against which they value stocks, thus they tend to be reluctant to buy a stock as it nears this point regardless of new positive information.

Huntington Bancshares Incorporated (NASDAQ:HBAN) has a beta of 1.35, compared to a beta of 1 for the market, which implies that the stock's price movements are more extreme than the market as a whole. The stock touched 52-week High of $14.74 on 03/02/17 and 52-week Low of $9.65 on 10/19/16. The company has market cap of $17.04 million. Texas Permanent School Fund has 0.05% invested in Huntington Bancshares Incorporated (NASDAQ:HBAN). The analysts estimated EPS for the higher end at 0.28 and lower end at 0.25 while the year ago reported earnings per share was 0.24.

Huntington Bancshares Incorporated (HBAN) formed double bottom with $12.97 target or 7.00% below today's $13.95 share price. In contrast to the year ago quarter EPS was at 0.23. Analysts forecast that Huntington Bancshares Incorporated will post $0.92 earnings per share for the current year.

Huntington Bancshares declared that its board has initiated a share buyback plan on Wednesday, June 28th that authorizes the company to buyback $308.00 million in shares. This repurchase authorization permits the bank to repurchase up to 2.2% of its stock through open market purchases. A lower P/B ratio could mean that the stock is undervalued.

The company also recently announced a quarterly dividend, which was paid on Monday, October 2nd. Investors of record on Monday, September 18th were issued a dividend of $0.08 per share. The ex-dividend date was set for Friday the 15th of September 2017. This represents a $0.32 annualized dividend and a yield of 2.29%. Moreover, Foster Motley Inc has 0.03% invested in Huntington Bancshares Incorporated (NASDAQ:HBAN).

Among 26 analysts covering Huntington Bancshares Incorporated (NASDAQ:HBAN), 14 have Buy rating, 0 Sell and 12 Hold. The company's Consumer and Business Banking segment offers financial products and services, including checking accounts, savings accounts, money market accounts, certificates of deposit, consumer loans, and small business loans; and investments, insurance, interest rate risk protection, and foreign exchange and treasury management services.

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