Huntington Bancshares Inc (HBAN): Today's Featured Banking Winner

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

Huntington ( HBAN) pushed the Banking industry higher today making it today's featured banking winner. The industry as a whole closed the day up 0.1%. By the end of trading, Huntington rose 8 cents (1.2%) to $6.30 on heavy volume. Throughout the day, 20.2 million shares of Huntington exchanged hands as compared to its average daily volume of 11.2 million shares. The stock ranged in a price between $6.13-$6.32 after having opened the day at $6.17 as compared to the previous trading day's close of $6.23. Other companies within the Banking industry that increased today were: Southern Connecticut Bancorp ( SSE), up 13.6%, Credit Suisse ( DGAZ), up 10.4%, Peoples Financial Corporation ( PFBX), up 6.7%, and United Community Bancorp ( UCBA), up 6.7%.
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Huntington Bancshares Incorporated operates as the holding company for The Huntington National Bank that provides commercial, small business, and consumer banking services. Huntington has a market cap of $5.23 billion and is part of the financial sector. The company has a P/E ratio of 9.3, below the S&P 500 P/E ratio of 17.7. Shares are up 13.5% year to date as of the close of trading on Friday. Currently there are four analysts that rate Huntington a buy, one analyst rates it a sell, and 15 rate it a hold.

TheStreet Ratings rates Huntington as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, increase in net income, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow.

On the negative front, Porter Bancorp ( PBIB), down 12.3%, Carolina Trust Bank ( CART), down 10%, OptimumBank Holdings ( OPHC), down 7.4%, and First Financial Service Corporation ( FFKY), down 6.9%, were all laggards within the banking industry with Citigroup ( C) being today's banking industry laggard.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the banking industry could consider KBW Bank ETF ( KBE) while those bearish on the banking industry could consider ProShares Short KBW Regional Bankng ( KRS).

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