Trade-Ideas LLC identified

Huntington

(

HBAN

) as a pre-market laggard candidate. In addition to specific proprietary factors, Trade-Ideas identified Huntington as such a stock due to the following factors:

  • HBAN has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $179.7 million.
  • HBAN traded 71,964 shares today in the pre-market hours as of 8:30 AM.
  • HBAN is down 3% today from Friday's close.

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More details on HBAN:

Huntington Bancshares Incorporated operates as a holding company for The Huntington National Bank that provides commercial, small business, consumer, and mortgage banking services. The stock currently has a dividend yield of 3.1%. HBAN has a PE ratio of 11. Currently there are 7 analysts that rate Huntington a buy, 2 analysts rate it a sell, and 11 rate it a hold.

The average volume for Huntington has been 10.0 million shares per day over the past 30 days. Huntington has a market cap of $7.2 billion and is part of the financial sector and banking industry. The stock has a beta of 0.98 and a short float of 2.5% with 0.94 days to cover. Shares are down 17.3% year-to-date as of the close of trading on Friday.

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TheStreetRatings.com

Analysis:

TheStreet Quant Ratings

rates Huntington as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, increase in net income, notable return on equity and expanding profit margins. We feel its strengths outweigh the fact that the company has had lackluster performance in the stock itself.

Highlights from the ratings report include:

  • HBAN's revenue growth has slightly outpaced the industry average of 2.6%. Since the same quarter one year prior, revenues rose by 10.1%. This growth in revenue appears to have trickled down to the company's bottom line, improving the earnings per share.
  • HUNTINGTON BANCSHARES has improved earnings per share by 10.5% in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past two years. We feel that this trend should continue. During the past fiscal year, HUNTINGTON BANCSHARES increased its bottom line by earning $0.81 versus $0.73 in the prior year. This year, the market expects an improvement in earnings ($0.90 versus $0.81).
  • The net income growth from the same quarter one year ago has greatly exceeded that of the S&P 500, but is less than that of the Commercial Banks industry average. The net income increased by 9.0% when compared to the same quarter one year prior, going from $163.61 million to $178.31 million.
  • The return on equity has improved slightly when compared to the same quarter one year prior. This can be construed as a modest strength in the organization. Compared to other companies in the Commercial Banks industry and the overall market on the basis of return on equity, HUNTINGTON BANCSHARES has outperformed in comparison with the industry average, but has underperformed when compared to that of the S&P 500.
  • The gross profit margin for HUNTINGTON BANCSHARES is currently very high, coming in at 89.74%. Regardless of HBAN's high profit margin, it has managed to decrease from the same period last year. Despite the mixed results of the gross profit margin, the net profit margin of 21.85% trails the industry average.

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