Huntington Bcshs (NASDAQ:HBAN).
Raymond James & Associates reports that it bought 1,367,574 shares during the last quarter increasing its exposure to Huntington Bcshs by 7,726.4%. Its position stood at $19,338,000 an increase of $19,337,000 as of the end of the quarter.
These firms have modified their investment in HBAN. Baird Financial Group, Inc. added to its ownership by buying 4,661 shares an increase of 2.6% in the quarter. Baird Financial Group, Inc. currently owns 186,577 shares valued at $2,605,000. The value of the position overall is up by 5.9%. As of the end of the quarter Hosking Partners Llp had bought 1,366 shares growing its holdings by 0.4%. The value of the investment in HBAN went from $4,461,000 to $4,625,000 a change of 3.7% since the last quarter.
As of quarter end Basswood Capital Management, L.l.c. had acquired a total of 110,764 shares growing its position 22.9%. The value in dollars increased from $6,537,000 to $8,296,000 a change of $1,759,000 for the reporting period.
October 26 investment analysts at FBR & Co maintained a stock rating of “Hold” with a current price target of $14.00.
Equity analyst Nomura raised the price target on October 26 changing the forecast from $16.00 to $17.00 and issued a “Buy” recommendation. On October 17 Piper Jaffray Companies maintained a company rating of “Buy” projecting a price of $15.50.
October 13 investment analysts at Keefe, Bruyette & Woods kept the company rating at “Hold” targeting a price of $14.25.
In the market the company is trading down since yesterday’s close of 13.61. The P/E ratio is 16.40 and the market cap of the company is 14.70B. In the latest earnings report the EPS was $0.83 with 1.08B shares now outstanding.
Short traders are more bullish on Huntington Bcshs recently if you take note of the change in short interest. The company had a fall in short interest between September 29, 2017 and October 13, 2017 of -9.83%. Short interest decreased 2,247,180 over that timeframe. Days to cover decreased 0.0 to 3.0 and the short interest percentage is 0.02% as of October 13.