Preferred Bank (PFBC) Trades at $64.55 After Triangle; Credit Suisse Ag Raised Huntington Bancshares (HBAN) Position

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Credit Suisse Ag increased Huntington Bancshares Inc (HBAN) stake by 2698.5% reported in 2017Q4 SEC filing. Credit Suisse Ag acquired 1.20 million shares as Huntington Bancshares Inc (HBAN)’s stock rose 1.01%. The Credit Suisse Ag holds 1.24M shares with $18.09 million value, up from 44,400 last quarter. Huntington Bancshares Inc now has $16.16 billion valuation. The stock decreased 2.20% or $0.33 during the last trading session, reaching $14.66. About 8.59 million shares traded. Huntington Bancshares Incorporated (NASDAQ:HBAN) has risen 14.67% since April 16, 2017 and is uptrending. It has outperformed by 3.12% the S&P500.

Preferred Bank (PFBC) formed triangle with $60.03 target or 7.00% below today’s $64.55 share price. Preferred Bank (PFBC) has $988.91M valuation. The stock decreased 1.47% or $0.96 during the last trading session, reaching $64.55. About 78,879 shares traded. Preferred Bank (NASDAQ:PFBC) has risen 24.68% since April 16, 2017 and is uptrending. It has outperformed by 13.13% the S&P500.

Among 31 analysts covering Huntington Bancshares Incorporated (NASDAQ:HBAN), 17 have Buy rating, 0 Sell and 14 Hold. Therefore 55% are positive. Huntington Bancshares Incorporated had 90 analyst reports since August 6, 2015 according to SRatingsIntel. The rating was downgraded by Macquarie Research on Wednesday, January 24 to “Hold”. FBR Capital maintained the shares of HBAN in report on Friday, January 22 with “Mkt Perform” rating. The company was upgraded on Tuesday, November 22 by Macquarie Research. The stock has “Buy” rating by BMO Capital Markets on Friday, July 21. As per Thursday, April 21, the company rating was downgraded by Evercore. The firm has “Hold” rating given on Thursday, October 12 by Keefe Bruyette & Woods. As per Friday, August 11, the company rating was upgraded by PiperJaffray. The firm earned “Mkt Perform” rating on Tuesday, October 11 by FBR Capital. The stock of Huntington Bancshares Incorporated (NASDAQ:HBAN) earned “Buy” rating by Hilliard Lyons on Friday, February 9. The stock has “Hold” rating by Jefferies on Monday, November 28.

Investors sentiment increased to 1.22 in 2017 Q4. Its up 0.26, from 0.96 in 2017Q3. It improved, as 33 investors sold HBAN shares while 155 reduced holdings. 66 funds opened positions while 164 raised stakes. 788.75 million shares or 0.31% less from 791.23 million shares in 2017Q3 were reported. Tradition Ltd invested in 136,208 shares. Maltese Mgmt Limited Liability invested 1.6% in Huntington Bancshares Incorporated (NASDAQ:HBAN). Asset Management One Com Limited holds 0.05% or 1.69 million shares in its portfolio. Washington Tru Bancshares reported 0.01% stake. Greenleaf Tru owns 51,678 shares for 0.02% of their portfolio. Point72 Asset Mngmt Ltd Partnership stated it has 0.02% in Huntington Bancshares Incorporated (NASDAQ:HBAN). Tiverton Asset Ltd Liability Corporation has invested 0.01% of its portfolio in Huntington Bancshares Incorporated (NASDAQ:HBAN). Macnealy Hoover Investment Management owns 1.94% invested in Huntington Bancshares Incorporated (NASDAQ:HBAN) for 184,724 shares. 147,288 were accumulated by Envestnet Asset Mngmt. Cetera Advisor Ltd Liability holds 18,296 shares. Moreover, Keating Investment Counselors has 0.16% invested in Huntington Bancshares Incorporated (NASDAQ:HBAN) for 25,042 shares. Raymond James Finance Services Advsrs Incorporated owns 286,754 shares. Assetmark holds 766 shares or 0% of its portfolio. Teachers Ins And Annuity Association Of America invested in 490,200 shares. Cranbrook Wealth Limited Liability reported 3,505 shares.

Credit Suisse Ag decreased Eastgroup Ppty Inc (NYSE:EGP) stake by 13,008 shares to 90,305 valued at $7.98M in 2017Q4. It also reduced Tc Pipelines Lp (NYSE:TCP) stake by 23,056 shares and now owns 15,668 shares. Spdr Series Trust (XRT) was reduced too.

Among 4 analysts covering Preferred Bank (NASDAQ:PFBC), 4 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Preferred Bank has $76.0 highest and $37 lowest target. $70’s average target is 8.44% above currents $64.55 stock price. Preferred Bank had 16 analyst reports since August 25, 2015 according to SRatingsIntel. FBR Capital maintained Preferred Bank (NASDAQ:PFBC) rating on Friday, July 22. FBR Capital has “Outperform” rating and $39 target. The stock has “Buy” rating by Sandler O’Neill on Thursday, March 29. The firm has “Buy” rating given on Monday, July 10 by Stephens. The firm has “Outperform” rating by FBR Capital given on Monday, January 23. The stock of Preferred Bank (NASDAQ:PFBC) earned “Outperform” rating by Raymond James on Tuesday, August 25. The stock has “Hold” rating by Stephens on Monday, June 26. The firm has “Buy” rating given on Wednesday, January 24 by FBR Capital. Sandler O’Neill maintained it with “Buy” rating and $73.0 target in Tuesday, January 23 report. The firm earned “Buy” rating on Thursday, October 26 by FBR Capital. The rating was maintained by FBR Capital on Wednesday, July 19 with “Buy”.

Huntington Bancshares Incorporated (NASDAQ:HBAN) Institutional Positions Chart

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