The shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) has been pegged with a rating of Hold by Jefferies in its latest research note that was published on January 28th, 2019. Jefferies wasn’t the only research firm that published a report of Huntington Bancshares Incorporated, with other equities research analysts also giving their opinion on the stock. Sandler O’Neill advised investors in its research note published on November 29th, 2018, to Hold the HBAN stock. The stock had earned Neutral rating from Nomura when it published its report on November 13th, 2018. The stock was given Neutral rating by Wedbush in its report released on November 2nd, 2018, the day when the price target on the stock was placed at $16. Hilliard Lyons was of a view that HBAN is Buy in its latest report on February 9th, 2018. Macquarie thinks that HBAN is worth Neutral rating. This was contained in the firm’s report on January 24th, 2018.
Amongst the analysts that rated the stock, 0 have recommended investors to sell it, 14 believe it has the potential for further growth, thus rating it as Hold while 5 advised investors to purchase the stock. The consensus currently stands at a Hold while its average price target is $14.99. The price of the stock the last time has raised by 24.37% from its Week high price while it is raised higher than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 59.47.
The shares of the company added by 1.24% during the trading session on Wednesday, reaching a low of $13.58 while ending the day at $13.83. During the trading session, a total of 9.4 million shares were traded which represents a 35.31% incline from the average session volume which is 14.53M shares. HBAN had ended its last session trading at 13.66. Huntington Bancshares Incorporated currently has a market cap of $14.55B, while its P/E ratio stands at 11.58, while its P/E earnings growth sits at 3.68, with a beta of 1.37. Huntington Bancshares Incorporated debt-to-equity ratio currently stands at 0.87, while its quick ratio hovers at . HBAN 52-week low price stands at $11.12 while its 52-week high price is $16.52.
The company in its last quarterly report recorded $0.29 earnings per share which is below the $0.33 predicted by most analysts. The Huntington Bancshares Incorporated generated $1,162.00 million in revenue during the last quarter, which is slightly higher than the $1,161.83 million predicted by analysts. In the second quarter last year, the firm recorded $0.33 earnings per share. Compared to the same quarter last year, the firm’s revenue was down by -13.79%. Huntington Bancshares Incorporated has the potential to record 1.19 EPS for the current fiscal year, according to equities analysts.
Investment analysts at Jefferies published a research note on April 1st, 2019 where it informed investors and clients that First Horizon National Corporation (NYSE:FHN) is now rated as Hold. Sandler O’Neill also rated FHN as Downgrade on November 29th, 2018, with its price target of $45 suggesting that FHN could surge by 10.51% from its current share price. Even though the stock has been trading at $14.74/share, analysts expect it to surge higher by 1.63% to reach $16.74/share. It started the day trading at $15.19 and traded between $14.66 and $14.98 throughout the trading session.
A look at its technical shows that FHN’s 50-day SMA is 14.90 while its 200-day SMA stands at 16.04. The stock has a high of $19.75 for the year while the low is $12.30. The company’s P/E ratio currently sits at 9.10, while the P/B ratio is 1.10. At the moment, only of First Horizon National Corporation shares were sold short. The company’s average trading volume currently stands at 3.24M shares, which means that the short-interest ratio is just 5.99 days. Over the past seven days, the company moved, with its shift of 3.60%. Looking further, the stock has raised 1.97% over the past 90 days while it lost -6.43% over the last six months.
The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. The Vanguard Group Inc bought more FHN shares, increasing its portfolio by +2.58% during the last quarter. This move now sees The Vanguard Group Inc purchasing 772,891 shares in the last quarter, thus it now holds 30,773,490 shares of FHN, with a total valuation of $430,213,390. BlackRock Fund Advisors meanwhile bought more FHN shares in the recently filed quarter, changing its stake to $374,086,165 worth of shares. Fidelity Management Research Co followed the path by increasing its FHN portfolio by +34.61% in the quarter. This means that Fidelity Management Research Co bought 6,149,894 shares in the last quarter and now controls 23,921,538 shares of the FHN stock, with the valuation hitting $334,423,101.
Similarly, Franklin Mutual Advisers LLC increased its First Horizon National Corporation shares by +78.16% during the recently filed quarter. After buying 7,066,333 shares in the last quarter, the firm now controls 16,107,427 shares of First Horizon National Corporation which are valued at $225,181,829. In the same vein, SSgA Funds Management Inc decreased its First Horizon National Corporation shares by during the most recent reported quarter. The firm sold -2,157,370 shares during the quarter which decreased its stakes to 13,908,042 shares and is now valued at $194,434,427. Following these latest developments, around 1.00% of First Horizon National Corporation stocks are owned by institutional investors and hedge funds.