Huntington Bancshares Inc (HBAN): Today's Featured Financial 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 Financial sector higher today making it today's featured financial winner. The sector as a whole closed the day down 0.8%. By the end of trading, Huntington rose $0.09 (1.2%) to $7.71 on average volume. Throughout the day, 10,445,740 shares of Huntington exchanged hands as compared to its average daily volume of 9,485,500 shares. The stock ranged in a price between $7.53-$7.74 after having opened the day at $7.53 as compared to the previous trading day's close of $7.62. Other companies within the Financial sector that increased today were: Vestin Realty Mortgage II ( VRTB), up 27.7%, China HGS Real Estate ( HGSH), up 10.3%, Capital ( CT), up 9.6% and Blackstone Mortgate ( BXMT), up 9.6%.
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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 $6.3 billion and is part of the banking industry. The company has a P/E ratio of 10.6, below the S&P 500 P/E ratio of 17.7. Shares are up 18.0% year to date as of the close of trading on Tuesday. Currently there are 5 analysts that rate Huntington a buy, 1 analyst rates it a sell, and 13 rate it a hold.

TheStreet Ratings rates Huntington as a buy. The company's strengths can be seen in multiple areas, such as its expanding profit margins, increase in stock price during the past year and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the negative front, Amrep Corporation ( AXR), down 9.8%, Noah Holdings ( NOAH), down 7.7%, Doral Financial ( DRL), down 7.3% and First Security Group ( FSGI), down 7.2% , were all laggards within the financial sector with Health Care REIT ( HCN) being today's financial sector laggard.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the financial sector could consider Financial Select Sector SPDR ( XLF) while those bearish on the financial sector could consider Proshares Short Financials ( SEF).

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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