Infosys Technologies Ltd (NASDAQ: INFY), Mead Johnson Nutrition (NYSE: MJN), New York & Company, Inc. (NYSE: NWY), Global Payments Inc. (NYSE: GPN), Huntington Bancshares Incorporated (NASDAQ: HBAN) and HCP, Inc. (NYSE: HCP) upgraded by analysts.
Mead Johnson Nutrition (MJN) was upgraded by Deutsche Bank (NYSE:DB) from a “Hold” rating to a “Buy” rating.
New York & Company, Inc. (NWY) was upgraded by Brean Murray from a “Hold” rating to a “Buy” rating. They have a price target of $6.00 on the company.
Infosys Technologies Ltd (INFY) was upgraded by Susquehanna to a “Neutral” rating.
Global Payments Inc. (GPN) was upgraded by SunTrust (NYSE:STI) from a “Neutral” rating to a “Buy” rating.
Huntington Bancshares Incorporated (HBAN) was upgraded by Compass Point from a “Neutral” rating to a “Buy” rating. They have a price target of $7.00 on the company.
HCP, Inc. (HCP) was upgraded by Hilliard Lyons from an “Underperform” rating to a “Neutral” rating.
Showing posts with label Huntington Bancshares. Show all posts
Showing posts with label Huntington Bancshares. Show all posts
Wednesday, August 10, 2011
Monday, July 25, 2011
C.R. Bard (BCR) (NYB) (SFN) (STM) (HBAN) Downgraded
C.R. Bard, Inc. (NYSE: BCR), New York Community Bancorp, Inc. (NYSE: NYB), SFN Group Inc (NYSE: SFN), STMicroelectronics (NYSE: STM) and Huntington Bancshares Incorporated (NASDAQ: HBAN) downgraded by analysts.
BMO Capital Markets downgraded New York Community Bancorp, Inc. (NYB) from an “Outperform” rating to a “Market Perform” rating.
FBR Capital downgraded Huntington Bancshares Incorporated (HBAN) was from an “Outperform” rating to a “Market Perform” rating. They have a price target of $7.00 on the company, down from $8.00.
Bank of America (NYSE:BAC) downgraded C.R. Bard, Inc. (BCR) to a “neutral” rating. They have a price target of $115.00 on the company.
Deutsche Bank (NYSE: DB) downgraded SFN Group Inc (SFN) from a “Buy” rating to a “Hold” rating.
BNP Paribas downgraded STMicroelectronics (STM) from an “Outperform” rating to a “Neutral” rating.
BMO Capital Markets downgraded New York Community Bancorp, Inc. (NYB) from an “Outperform” rating to a “Market Perform” rating.
FBR Capital downgraded Huntington Bancshares Incorporated (HBAN) was from an “Outperform” rating to a “Market Perform” rating. They have a price target of $7.00 on the company, down from $8.00.
Bank of America (NYSE:BAC) downgraded C.R. Bard, Inc. (BCR) to a “neutral” rating. They have a price target of $115.00 on the company.
Deutsche Bank (NYSE: DB) downgraded SFN Group Inc (SFN) from a “Buy” rating to a “Hold” rating.
BNP Paribas downgraded STMicroelectronics (STM) from an “Outperform” rating to a “Neutral” rating.
Monday, May 2, 2011
Dividend Yields for (CMA) (HBAN) (RF) (MI) (Key)
Indicated dividend yields for Standard & Poor's 500 Index companies Comerica Inc (CMA), Huntington Bancshares (HBAN), Regions Financial (RF), Marshall & Ilsley Corp (MI) and Keycorp (Key).
These dividend data indicate dividend yields of companies in the Standard & Poor's 500 Index as of Saturday, April 30. The yield is determined by taking the latest declared dividend, annualized and divided by the price of the stock. Payout ratios are calculated based on latest quarterly dividend paid divided by earnings.
Comerica Inc (CMA) has a dividend yield of 1.05 percent on a declared dividend of $0.10. The payout ratio is 17.5 percent.
Huntington Bancshares Inc/OH (HBAN) has a dividend yield of 0.59 percent on a declared dividend of $0.01. The payout ratio is 7.3 percent.
Regions Financial Corp (RF) has a dividend yield of 0.55 percent on a declared dividend of $0.01. The payout ratio is 73.9 percent.
Marshall & Ilsley Corp (MI) has a dividend yield of 0.49 percent on a declared dividend of $0.01. The payout ratio is na.
KeyCorp (KEY) has a dividend yield of 0.46 percent on a declared dividend of $0.01. The payout ratio is 3.7 percent.
These dividend data indicate dividend yields of companies in the Standard & Poor's 500 Index as of Saturday, April 30. The yield is determined by taking the latest declared dividend, annualized and divided by the price of the stock. Payout ratios are calculated based on latest quarterly dividend paid divided by earnings.
Comerica Inc (CMA) has a dividend yield of 1.05 percent on a declared dividend of $0.10. The payout ratio is 17.5 percent.
Huntington Bancshares Inc/OH (HBAN) has a dividend yield of 0.59 percent on a declared dividend of $0.01. The payout ratio is 7.3 percent.
Regions Financial Corp (RF) has a dividend yield of 0.55 percent on a declared dividend of $0.01. The payout ratio is 73.9 percent.
Marshall & Ilsley Corp (MI) has a dividend yield of 0.49 percent on a declared dividend of $0.01. The payout ratio is na.
KeyCorp (KEY) has a dividend yield of 0.46 percent on a declared dividend of $0.01. The payout ratio is 3.7 percent.
Friday, March 25, 2011
Huntington (HBAN), BB&T (BBT), Fifth Third (FITB) Jump on GDP Estimate
Huntington Bancshares Inc. (NASDAQ:HBAN), BB&T Corp. (NYSE:BBT) and Fifth Third Bancorp (NASDAQ:FITB) are all up today after the Commerce Department upwardly revised its estimate of U.S. real gross domestic product growth for the fourth quarter.
Also moving up was the Financial Select Sector SPDR Fund (XLF).
The U.S. economy grew at a 3.1% annualized rate in the fourth quarter, the government said. See economic report on GDP growth.
In other economic indicators Friday, consumer sentiment fell in March to its lowest level in five months, according to a Thomson Reuters/University of Michigan survey.
Within the financial sector, regional banks were among the strongest performers as Huntington Bancshares Inc. (HBAN), BB&T Corp. (BBT) and Fifth Third Bancorp (FITB) all rose more than 1%.
Fifth Third was trading at $13.99, gaining $0.22, or 1.56 percent, as of 12:26 PM EDT. BB&T was trading at $27.26, up $0.59, or 2.23 percent. Huntington Bancshares was at $6.66, gaining $0.16, or 2.54 percent.
Source
Also moving up was the Financial Select Sector SPDR Fund (XLF).
The U.S. economy grew at a 3.1% annualized rate in the fourth quarter, the government said. See economic report on GDP growth.
In other economic indicators Friday, consumer sentiment fell in March to its lowest level in five months, according to a Thomson Reuters/University of Michigan survey.
Within the financial sector, regional banks were among the strongest performers as Huntington Bancshares Inc. (HBAN), BB&T Corp. (BBT) and Fifth Third Bancorp (FITB) all rose more than 1%.
Fifth Third was trading at $13.99, gaining $0.22, or 1.56 percent, as of 12:26 PM EDT. BB&T was trading at $27.26, up $0.59, or 2.23 percent. Huntington Bancshares was at $6.66, gaining $0.16, or 2.54 percent.
Source
Wednesday, March 2, 2011
Fifth Third (FITB) Commercial Mortgage Exposure Drags Down HBAN, COF, RF, STI
Shares of regional competitors of Fifth Third (NASDAQ:FITB) were dragged down by the negative exposure the bank has to commercial mortgages, which could be the beginning of contagion to other banks.
Other regional competitors punished by the exposed Fifth Third include Huntington Bancshares (NASDAQ:HBAN), Capital One (NYSE:COF), Regions Financial (NYSE:RF) and SunTrust (NYSE:STI).
Huntington Bancshares closed Tuesday at $6.56, falling $0.28, or 4.1 percent. Capital One closed at $48.26, falling $1.51, or 3.03 percent. Regions Financial fell to $7.43, dropping $0.21, or 2.75 percent. SunTrust (STI) closed at $29.41, down $0.76, or 2.52 percent. Fifth Third Bancorp closed at $4.45, declining $0.65, or 4.45 percent.
Other regional competitors punished by the exposed Fifth Third include Huntington Bancshares (NASDAQ:HBAN), Capital One (NYSE:COF), Regions Financial (NYSE:RF) and SunTrust (NYSE:STI).
Huntington Bancshares closed Tuesday at $6.56, falling $0.28, or 4.1 percent. Capital One closed at $48.26, falling $1.51, or 3.03 percent. Regions Financial fell to $7.43, dropping $0.21, or 2.75 percent. SunTrust (STI) closed at $29.41, down $0.76, or 2.52 percent. Fifth Third Bancorp closed at $4.45, declining $0.65, or 4.45 percent.
Wednesday, February 23, 2011
New York Community Bancorp (NYB), People's United Financial (PBCT)Bancshares (HBAN), Comerica (CMA) Among Large Banks Hammered
On a wretched for bank stocks amid torrents of unrest in the Middle East and rising oil prices, the biggest loser among the largest U.S banks was Regions Financial, with shares dropping over 5% to close at $7.38
On a day that saw the banking industry do even worse than the broad indexes, the KBW Bank Index (BKX.X) was down over 3.5%, to close at 53.28.
All 24 components of the index were down, and in addition to Regions, the index components seeing the largest declines were Huntington Bancshares (HBAN), down 5% to close at $6.86, Comerica (CMA), also down 5% to close at 37.80 and Citigroup (C), down 4.5% to close at 4.69.
The large banks suffering the least on Tuesday included New York Community Bancorp (NYB), which closed at $18.61 and People's United Financial (PBCT), which closed at $13.24. Both were down 1%.
New York Community Bancorp has the distinction of the highest dividend yield among components of the KBW Bank Index, with a 25-cent quarterly payout, for a yield of 5.37%.
Full Story
On a day that saw the banking industry do even worse than the broad indexes, the KBW Bank Index (BKX.X) was down over 3.5%, to close at 53.28.
All 24 components of the index were down, and in addition to Regions, the index components seeing the largest declines were Huntington Bancshares (HBAN), down 5% to close at $6.86, Comerica (CMA), also down 5% to close at 37.80 and Citigroup (C), down 4.5% to close at 4.69.
The large banks suffering the least on Tuesday included New York Community Bancorp (NYB), which closed at $18.61 and People's United Financial (PBCT), which closed at $13.24. Both were down 1%.
New York Community Bancorp has the distinction of the highest dividend yield among components of the KBW Bank Index, with a 25-cent quarterly payout, for a yield of 5.37%.
Full Story
Monday, January 24, 2011
Huntington Bancshares (NASDAQ:HBAN) Faces Slow Progress
Huntington Bancshares' (NASDAQ:HBAN) revenue was challenged in the last quarter, and will continued to face hurdles going forward, said the company.
Barclays added, "In terms of its 2011 outlook, HBAN stated revenue headwinds combined with reduced banking revenue and continued investments will challenge earnings growth. As such PPNR is expected to remain in-line with 2H10 performance, with net income driven by a reduction in credit costs. Despite being impressed by HBAN's ability to think through its long-term opportunity set, we remain concerned by its slower growing footprint and sizeable CRE exposure ($6.7B, 18% of total loans)."
Barclays reiterates an "Underweight" rating on Huntington Bancshares (HBAN), which closed Friday at $7.02, gaining $0.17, or 2.50 percent. Barclays has a price target of $7 on Huntington.
Barclays added, "In terms of its 2011 outlook, HBAN stated revenue headwinds combined with reduced banking revenue and continued investments will challenge earnings growth. As such PPNR is expected to remain in-line with 2H10 performance, with net income driven by a reduction in credit costs. Despite being impressed by HBAN's ability to think through its long-term opportunity set, we remain concerned by its slower growing footprint and sizeable CRE exposure ($6.7B, 18% of total loans)."
Barclays reiterates an "Underweight" rating on Huntington Bancshares (HBAN), which closed Friday at $7.02, gaining $0.17, or 2.50 percent. Barclays has a price target of $7 on Huntington.
Wednesday, January 12, 2011
Huntington Bancshares (NASDAQ:HBAN) "Fair Play" Strategy Not Impressive to Barclays (NYSE:BCS)
The "Fair Play" strategy recently announced by Huntington Bancshares (NASDAQ:HBAN) as done little to impress Barclays (NYSE:BCS), which they doubt will end up in long-term gains in market share.
Barclays says, "HBAN believes its recently-communicated "Fair Play" banking strategy will translate into long-term market share gains. However, we remain somewhat skeptical of its ability to translate foregone revenue into improved retention and wallet-share gains. Despite being impressed by its ability to think through its long-term opportunity set, we remain concerned by its
slower growing footprint (western Ohio & eastern Michigan) and sizeable CRE exposure ($6.9B, 19% of total loans)...We expect HBAN to report 4Q10 EPS of $0.10 versus our prior $0.11 and consensus of $0.08."
Barclays maintains an "Underweight" rating on Huntington Bancshares, which closed Tuesday at $7.12, losing $0.08, or 1.10 percent. Barclays has a price target of $7 on them.
Barclays says, "HBAN believes its recently-communicated "Fair Play" banking strategy will translate into long-term market share gains. However, we remain somewhat skeptical of its ability to translate foregone revenue into improved retention and wallet-share gains. Despite being impressed by its ability to think through its long-term opportunity set, we remain concerned by its
slower growing footprint (western Ohio & eastern Michigan) and sizeable CRE exposure ($6.9B, 19% of total loans)...We expect HBAN to report 4Q10 EPS of $0.10 versus our prior $0.11 and consensus of $0.08."
Barclays maintains an "Underweight" rating on Huntington Bancshares, which closed Tuesday at $7.12, losing $0.08, or 1.10 percent. Barclays has a price target of $7 on them.
Tuesday, December 28, 2010
Huntington Bancshares (Nasdaq:HBAN) Still Attracting Investors
Huntington Bancshares (Nasdaq:HBAN) has done little since May 2010 as far as share price goes, but the recent paying back of $1.4 billion in TARP funds has drawn the attention of investors and traders to the company, and they've started to push the stock up.
While shares of the company are up almost 90 percent over the last 12 months, most of that rise was over in the early part of April, and the stock has languished since then, until November.
Even so, analysts believe there is plenty of upside to the company, and are pushing the stock pretty hard lately.
A growing number of investors and analysts see the stock as a good candidate to be taken over, and that, probably more than anything else, appears to be driving the interest.
Huntington closed Monday at $6.96, up $0.08, or 1.16 percent.
While shares of the company are up almost 90 percent over the last 12 months, most of that rise was over in the early part of April, and the stock has languished since then, until November.
Even so, analysts believe there is plenty of upside to the company, and are pushing the stock pretty hard lately.
A growing number of investors and analysts see the stock as a good candidate to be taken over, and that, probably more than anything else, appears to be driving the interest.
Huntington closed Monday at $6.96, up $0.08, or 1.16 percent.
Tuesday, December 14, 2010
Huntington (Nasdaq:HBAN), First Horizon (NYSE:FHN) Shares Plunge on Discounted Offering
Shares of Huntington Bancshares Inc. (Nasdaq:HBAN) and First Horizon National Corp. (NYSE:FHN) plummeted Tuesday after their stock sales to raise capital to pay back TARP were discounted from the closing prices on Monday.
Huntington, which was attempting to raise about $1.2 billion, had their offer priced at $6.30 a share, while First Horizon, which was attempting to raise $250 million from the share sale, had them priced at $10.50, a discount of 3.8 percent.
Huntington was trying to raise $920 million in equity and the remainder through debt.
Both plans from the companies were disappointing to shareholders, who were hoping they wouldn't have to raise that much capital to repay their obligations to TARP.
First Horizon was trading at $10.62, down $0.30, or 2.75 percent, as of 1:57 PM EST. Huntington was trading at $6.40, down $0.2575, or 3.87 percent.
Huntington, which was attempting to raise about $1.2 billion, had their offer priced at $6.30 a share, while First Horizon, which was attempting to raise $250 million from the share sale, had them priced at $10.50, a discount of 3.8 percent.
Huntington was trying to raise $920 million in equity and the remainder through debt.
Both plans from the companies were disappointing to shareholders, who were hoping they wouldn't have to raise that much capital to repay their obligations to TARP.
First Horizon was trading at $10.62, down $0.30, or 2.75 percent, as of 1:57 PM EST. Huntington was trading at $6.40, down $0.2575, or 3.87 percent.
Comerica (NYSE:CMA), Zions Bancorp (Nasdaq:ZION), Popular (Nasdaq:BPOP), Huntington Bancshares (Nasdaq:HBAN) Top Morgan Stanley (NYSE:MS) Midcap Bank
Morgan Stanley (NYSE:MS) likes what it sees with the midcap banking sector, and has upgraded the overall grouping, with their favorite picks being Comerica (NYSE:CMA), Huntington Bancshares (Nasdaq:HBAN), Zions Bancorp (Nasdaq:ZION) and Popular (Nasdaq:BPOP).
Morgan rates the overall sector as "Attractive," bumped up from their former "In-Line" rating.
Comerica was trading at $41.03, up $0.49, or 1.21 percent, as of 12:29 PM EST. Huntington was trading at $6.4650, down $0.1925, or 2.89 percent. Zions Bancorp was at $22.88, up $0.04, or 0.18 percent. Popular was trading at $3.05, up $0.02, or 0.66 percent.
Morgan rates the overall sector as "Attractive," bumped up from their former "In-Line" rating.
Comerica was trading at $41.03, up $0.49, or 1.21 percent, as of 12:29 PM EST. Huntington was trading at $6.4650, down $0.1925, or 2.89 percent. Zions Bancorp was at $22.88, up $0.04, or 0.18 percent. Popular was trading at $3.05, up $0.02, or 0.66 percent.
Monday, December 13, 2010
Huntington (Nasdaq:HBAN) Raising $1.2 Billion to Pay Back TARP
Huntington Bancshares Inc. (Nasdaq:HBAN) released their plan to pay back TARP today, saying they'll raise $1.2 billion by selling stock and issuing debt.
The market hasn't responded well to the news, as shareholders had been looking for the bank not to have to raise so much capital to pay back the $1.4 billion it borrowed from the Troubled Asset Relief Program.
Huntington said they'll share $920 million in common stock and another $300 million in debt to reach their goal.
Responding to the announcement, Fitch said this after upgrading Huntington's credit from BBB to BBB+, "For most of 2010, core profitability has trended positively, including growth in pre-provision net revenues compared to 2009. Operating performance has also benefited from improved credit trends, which has reduced provisioning needs."
They added that their outlook on Huntington is stable, and cited their better performance as also a reason for the upgrade.
Erik Oja, a Standard & Poor's Equity Research analyst, while liking the coming removing the yoke of the government off of their neck, downgraded them from "Buy" to "Hold." That was based on the approximate 135 million of shares that will be issued to raise the capital, an increase of 19 percent.
Huntington was trading at $6.53, down $0.32, or 4.61 percent, as of 1:50 PM EST.
The market hasn't responded well to the news, as shareholders had been looking for the bank not to have to raise so much capital to pay back the $1.4 billion it borrowed from the Troubled Asset Relief Program.
Huntington said they'll share $920 million in common stock and another $300 million in debt to reach their goal.
Responding to the announcement, Fitch said this after upgrading Huntington's credit from BBB to BBB+, "For most of 2010, core profitability has trended positively, including growth in pre-provision net revenues compared to 2009. Operating performance has also benefited from improved credit trends, which has reduced provisioning needs."
They added that their outlook on Huntington is stable, and cited their better performance as also a reason for the upgrade.
Erik Oja, a Standard & Poor's Equity Research analyst, while liking the coming removing the yoke of the government off of their neck, downgraded them from "Buy" to "Hold." That was based on the approximate 135 million of shares that will be issued to raise the capital, an increase of 19 percent.
Huntington was trading at $6.53, down $0.32, or 4.61 percent, as of 1:50 PM EST.
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