Stock Alert for S1 Corp. (SONE)
  • Stock Alert for Bank of America Corp. (BAC)
  • Stock Alert for Citigroup Inc. (C)
  • " />

    Stock Alert for Huntington Bancshares Inc. (HBAN)

    Huntington Bancshares Inc. (HBAN) is a $53 billion regional bank holding company headquartered in Columbus, Ohio, whose principal subsidiary is The Huntington National Bank.  The Company provides personal banking for individuals and families, small business banking, banking for middle market businesses and nonprofit organizations, and specialty financial services through its offices and more than 600 local branches, more than 1,300 ATMs, and via online and mobile banking across six states: Ohio, Michigan, Indiana, Pennsylvania, West Virginia and Kentucky.  Through automotive dealership relationships within its six-state banking franchise area and selected New England states, HBAN also provides commercial banking services to the automotive dealers and retail automobile financing for dealer customers.

    Share Statistics (21-July-11) FY2009 FY2010 % Chg Q12010 Q12011 % Chg
    Symbol HBAN Revenue, $Mn
    Current price $6.09 Gross marg.
    52wk Range: $5.04-$7.70 Oper. margin 13.2% 25.1%
    Avg Vol (3m): 13,543,400 Net margin
    Market Cap. 5.26B
    Shares Outstanding 863.40M EPS, $ -3.17 0.25 -107.9% 0.02 0.14 600.0%

    Source: Reuters.com, SEC Filings.

    Recent News

    Shares of HBAN traded lower yesterday despite the bank holding company posting better-than-expected net profit for the second quarter.  With the Company setting aside less money to cover potential loan losses, HBAN posted a profit of $145.9 million, or 16 cents a share, ahead of the prior-year quarter’s $48.8 million, or 3 cents a share.  Analysts had predicted earnings of 15 cents a share, according to a poll by Thomson Reuters. HBAN set aside $35.8 million to cover bad loans, the lowest level since the first quarter of 2007.

    HBAN reported total revenue of $662.9 million for the second quarter.  That was down 1.3% from the year-ago quarter’s $671.8 million, but still ahead of analysts’ expectations of $652.1 million.

    “We are pleased that second quarter results represented our sixth consecutive quarterly increase in earnings and it shows the progress we are making on a number of fronts,” HBAN chairman, president and CEO Stephen D. Steinour commented in the release.  “This improvement reflected the benefits from a combination of factors such as our conservative view toward addressing credit quality early in the financial downturn, the increasing contribution from strategic investments, improving customer product penetration, and aspects of our ‘Fair Play’ banking philosophy that are gaining traction every day.”

    HBAN said its board declared a dividend of 4 cents per share, an increase from the 1 cent the Company has paid quarterly since the beginning of 2009. The dividend is payable Oct. 3 to shareholders of record on Sept. 19.

    HBAN lost $0.22, 3.49%, to close Thursday at $6.09.  It has a 52-week range of $5.04 – $7.770.  Over 53.75 million shares have traded hands during the session, versus the 10-day average volume of 16.09 million.  The stock is currently trading below its 50-day moving average of $6.33 and below its 200-day moving average of $6.71.  The current market capitalization stands at $5.26 billion and shares outstanding is at 863.40million shares.

    [1] [2] 

    Financial Strength (21-July-2011)

    Company

    Industry

    Sector

    S&P 500

    Quick Ratio (MRQ) 0.00 0.41 0.69
    Current Ratio (MRQ) 0.00 0.84 1.03
    LT Debt to Equity (MRQ) 67.24 48.99 82.13 125.35
    Total Debt to Equity (MRQ) 107.95 179.30 171.63 164.62
    Interest Coverage (TTM) 0.00 0.26 19.08

    Source: Reuters.com, SEC Filings.

    Analyst Consensus

    This is the consensus forecast among 23 polled investment analysts. Against the Huntington Bancshares Inc company.

    Analyst Detail

    Buy

    Outperform

    Hold

    Underperform

    Sell

    No Opinion

    Latest 8 5 8 2 0 0
    4 weeks ago 8 5 8 2 0 0
    2 months ago 9 5 8 2 0 0
    3 months ago 9 6 7 2 0 0
    Last year 4 3 6 3 1 0

    Source: markets.ft.com

    Consensus Estimates Analysis

    # of Estimates

    Mean

    High

    Low

    1 Year Ago

    SALES (in millions)
    Quarter Ending Sep-11 12 636.16 684.90 416.00 664.52
    Quarter Ending Dec-11 12 640.03 692.10 422.00 665.16
    Year Ending Dec-11 15 2,550.62 2,741.30 1,650.00 2,659.91
    Year Ending Dec-12 14 2,675.01 2,824.80 1,824.00 2,719.19
    EARNINGS (per share)
    Quarter Ending Sep-11 22 0.15 0.18 0.13 0.12
    Quarter Ending Dec-11 22 0.15 0.18 0.13 0.14
    Year Ending Dec-11 24 0.58 0.66 0.38 0.43
    Year Ending Dec-12 23 0.68 0.80 0.57 0.68
    LT Growth Rate (%) 5 6.40 10.00 4.00 6.00

    Technical Analysis

     

    Source: http://stockcharts.com

    HBAN is within its Bollinger Bands. This is a normal condition suggesting that it is neither overbought nor oversold relative to the recent price action.

    The MACD for HBAN currently indicates a strong bearish signal for two reasons. First, the MACD is below the signal line, a 9-day moving average. Second, the MACD is below the critical level of 0, which implies that the underlying moving averages are trending lower.

    Comparative Analysis

    Company Name Ticker Price per Mrkt. Cap. P/E P/S
    July21-2011 symbol Share, $ $ Mn 2011 2012 2011 2012
    FirstMerit Corp. FMER 16.86 1.84B 14.92 12.40 2.59 2.52
    Fifth Third Bancorp FITB 12.76 11.72B 11.39 8.99 1.98 1.93
    Regions Financial Corp. RF 6.23 7.83B 77.88 10.05 1.19 1.19
    KeyCorp KEY 8.40 7.99B 10.91 11.05 1.92 1.87
    Regional – Midwest Banks Median       15.32 n/a 2.01 n/a
    Huntington Bancshares Inc. HBAN 6.09 5.26B 10.32 8.96 2.00 1.91

    Source: Thomson Financial

    DO NOT BASE ANY INVESTMENT DECISION UPON ANY MATERIALS FOUND ON THIS REPORT. We are not registered as a securities broker-dealer or an investment adviser either with the U.S. Securities and Exchange Commission (the “SEC”) or with any state securities regulatory authority.  We are neither licensed nor qualified to provide investment advice.

    The information contained in our report should be viewed as commercial advertisement and is not intended to be investment advice.  The report is not provided to any particular individual with a view toward their individual circumstances. The information contained in our report is not an offer to buy or sell securities.  We distribute opinions, comments and information free of charge exclusively to individuals who wish to receive them.

    Our newsletter and website have been prepared for informational purposes only and are not intended to be used as a complete source of information on any particular company.  An individual should never invest in the securities of any of the companies profiled based solely on information contained in our report.  Individuals should assume that all information contained in the report about profiled companies is not trustworthy unless verified by their own independent research.

    Any individual who chooses to invest in any securities should do so with caution.  Investing in securities is speculative and carries a high degree of risk; you may lose some or all of the money that is invested.  Always research your own investments and consult with a registered investment advisor or licensed stock broker before investing.

    Information contained in our report will contain “forward looking statements” as defined under Section 27A of the Securities Act of 1933 and Section 21B of the Securities Exchange Act of 1934.  Subscribers are cautioned not to place undue reliance upon these forward looking statements.  These forward looking statements are subject to a number of known and unknown risks and uncertainties outside of our control that could cause actual operations or results to differ materially from those anticipated.  Factors that could affect performance include, but are not limited to, those factors that are discussed in each profiled company’s most recent reports or registration statements filed with the SEC.  You should consider these factors in evaluating the forward looking statements included in the report and not place undue reliance upon such statements.

    We are committed to providing factual information on the companies that are profiled.  However, we do not provide any assurance as to the accuracy or completeness of the information provided, including information regarding a profiled company’s plans or ability to effect any planned or proposed actions.  We have no first-hand knowledge of any profiled company’s operations and therefore cannot comment on their capabilities, intent, resources, nor experience and we make no attempt to do so.  Statistical information, dollar amounts, and market size data was provided by the subject company and related sources which we believe to be reliable.

    To the fullest extent of the law, we will not be liable to any person or entity for the quality, accuracy, completeness, reliability, or timeliness of the information provided in the report, or for any direct, indirect, consequential, incidental, special or punitive damages that may arise out of the use of information we provide to any person or entity (including, but not limited to, lost profits, loss of opportunities, trading losses, and damages that may result from any inaccuracy or incompleteness of this information).

    We encourage you to invest carefully and read investment information available at the websites of the SEC at http://www.sec.gov and FINRA at http://www.finra.org.


     [1]HTML: <NOSCRIPT>

     [2]HTML: </NOSCRIPT>

    Leave a Reply

    Your email address will not be published. Required fields are marked *