Shares last traded at $14.11 marginally over $13.45, the 50 day moving average and which is marginally over the 200 day moving average of $13.14. The 50 day moving average went up $0.66 or +4.90% and the 200 day average went up by +7.38%. (NASDAQ:HBAN) shares saw light trading volume with 8,031K shares changing hands on Tuesday. Trading volume was down 1.51% under the stocks average daily volume.
Investors are feeling more bullish of late looking at the decrease in short interest. The firm saw a fall in short interest of -8.11% between September 15, 2017 and September 29, 2017. Short shares fell 2,018,541 over that timeframe. Days to cover increased from 2.0 to 3.0 and the percentage of shorted shares was 0.02% on September 29.
Here is a rundown on some insider market activity for Huntington Bancshares Incorpora (NASDAQ:HBAN). Sr EVP of Principal Sub Nicholas G. Stanutz let go of 16,000 shares at an average price of $12.71 on Wed the 23rd. Stanutz now owns $5,512,607 of stock as reported to the SEC.
Additionally, here are a few investment firms who have increased or decreased their stake in (HBAN). Shell Asset Management CO reduced its holdings by shedding 12,149 shares a decrease of 18.9%. Shell Asset Management CO currently owns 52,153 shares worth $728,000. The value of the position overall is down by 16.2%. As of the end of the quarter State Treasurer State Of Michigan had disposed of a total of 26,500 shares trimming its position 7.4%. The value in dollars went from $4,830,000 to $4,617,000 a change of 4.4% for the reporting period.
As of quarter end Sit Investment Associates Inc had sold 607,225 shares trimming its holdings by 34.8%. The value of the investment in (HBAN) decreased from $23,606,000 to $15,897,000 a change of $7,709,000 since the last quarter. As of quarter end Cutter & CO Brokerage, Inc. had disposed of a total of 2,923 shares trimming its stake by 7.6%. The value of the total investment in Huntington Bancshares Incorpora went from $518,000 to $494,000 decreasing 4.6% quarter to quarter.
On July 24 the company was upgraded from “Buy” to “Buy” in a report issued by Hilliard Lyons. On August 31, 2017 JMP Securities started covering the stock with a rating of “Market Perform”.
On September 14, 2017 the stock rating was set at “Outperform” according to a Bernstein report a boost from the previous “Hold” rating.
The company is down by 0.56%% since yesterday’s close of 14.19. Additionally the company announced a dividend payable on Tuesday the 2nd of January 2018. The dividend will be $0.080 per share for the quarter or $0.32 on an annualized basis. This dividend represents a yield of $2.29 which is the dividend as a percentage of the current share price. The ex-dividend date will be on Friday the 15th of September 2017.
The P/E ratio is 19.54 and market capitalization is 15.38B. As of the last earnings report the EPS was $0.72 and is estimated to be $0.92 for the current year with 1,090,016,000 shares presently outstanding. Next quarter’s EPS is forecasted at $0.26 with next year’s EPS anticipated to be $1.09.
Huntington Bancshares Incorporated (Huntington), launched on April 14, 1966, is a bank holding company. Through its subsidiaries, including its bank subsidiary, The Huntington National Bank (the Bank), the Company provides commercial and consumer banking services, mortgage banking services, automobile financing, recreational vehicle and marine financing, equipment leasing, investment management, trust services, brokerage services, insurance programs, and other financial products and services. Its segments include Consumer and Business Banking, Commercial Banking, Commercial Real Estate and Vehicle Finance, Regional Banking and The Huntington Private Client Group, Home Lending and Treasury/Other..