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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.

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