Shares of Huntington Bancshares (NASDAQ: HBAN ) have been on a tear of late. Since the beginning of last year, they're up nearly 37%, outperforming the S&P 500 by roughly eight percentage points and ascending recently to a new 52-week high. As I write, they're trading for the highest price since the financial crisis took its toll on the bank. For current or prospective investors in Huntington, in turn, this performance begs the question: What's left for its shares going forward?
HBAN data by YCharts.
While it's impossible to predict the future, what can be said is that Huntington's valuation leaves room for further gains. Trading at 1.25 times its tangible book value, the bank is by no means cheap -- a common saying in the industry is to "buy at half of book value and sell at two times book value." At the same time, it's far from expensive. Take U.S. Bancorp, the nation's largest regional bank, as a counterpoint. Its shares trade for 2.54 times tangible book value. Or even BB&T, a regional bank operating primarily throughout the mid-Atlantic region. It changes hands at 1.86 times tangible book.
Top Performing Stocks To Watch Right Now: USA Truck Inc. (USAK)
USA Truck, Inc. operates as a truckload carrier that provides general commodities transportation services in the continental United States, Mexico, and Canada. The company transports full dry van trailer loads of freight from origin to destination. It offers truckload freight services as a short-to medium-haul common carrier, as well as freight brokerage services, rail intermodal services, and third party logistics. The company also provides transportation scheduling, routing, and mode selection services. USA Truck, Inc. offers its services to various industries, such as industrial machinery and equipment, rubber and plastics, retail stores, paper products, durable consumer goods, metals, electronics, and chemicals. As of December 31, 2010, its trucking fleet consisted of 2,363 in service tractors and 6,709 service trailers. The company was founded in 1983 and is headquartered in Van Buren, Arkansas.
Top Performing Stocks To Watch Right Now: Robert Walters Plc(RWA.L)
Robert Walters plc provides professional recruitment services on a permanent, contract and interim basis primarily in the United Kingdom, Europe, the Asia Pacific, the Americas, and South Africa. It offers its recruitment services in the areas of accountancy and finance, banking, engineering, operations, legal, information technology, sales and marketing, supply chain, procurement and logistics, human resources, secretarial, and support and administration. The company also provides recruitment process outsourcing services, consultancy, and payroll services. It serves the clients in the financial, commercial, and industrial sectors. The company was founded in 1985 and is headquartered in London, the United Kingdom.
Best Stocks To Invest In Right Now: Ggl Diamond Corp. (GGL.V)
GGL Resources Corp. operates as a mineral exploration company. The company holds mineral claims and leases prospective for gold, silver, nickel, base metals, and diamonds in the Northwest Territories of Canada. The company owns approximately 380,000 acres of claims in the providence greenstone belt; and the McConnell Creek porphyry copper and gold property covering approximately 4,800 hectares located in the Quesnel Trough in north-central British Columbia. It also owns interests in the Doyle Lake project; the CH project claims consisting of approximately 140,000 acres; and Fishback property located in Northwest Territories. The company was formerly known as GGL Diamond Corp. and changed its name to GGL Resources Corp. in September 2009 to better represent its assets. GGL Resources Corp. was founded in 1981 and is headquartered in Vancouver, Canada.
Top Performing Stocks To Watch Right Now: Linktone Ltd.(LTON)
Linktone Ltd., through its subsidiaries, provides entertainment-oriented telecom value-added services and content to mobile phone users over mobile telecommunications networks in China and Indonesia, as well as the 3G mobile telecommunications network in Indonesia. The company specializes in the development, aggregation, marketing, and distribution of user wireless content and applications for access by mobile phone users through three mobile network operators in China and nine mobile network operators in Indonesia. Its 2G short messaging service (SMS)-based services include ringtones, icons and screen savers, interactive SMS messaging in certain television programs, adventure, action, trivia and fortune-telling games, lunar and Western horoscopes, jokes, fan clubs, and event-driven or entertainment news updates. The company?s 2.5G services comprise multimedia messaging services, such as animated cartoons and screensavers, comic strips, magazine-style ?mobile articles? on various topics, and event-driven news updates; and WAP services, which consist of WAP-based ringtones, screensavers, games and dating services, and advanced Java games. It also offers audio-related services, including color ring-back tones; and interactive voice response services that allow users to listen to songs, jokes, stories, and coverage of various events. In addition, Linktone is launching 3G services in Indonesia, including e-paper/e-reading; video-on-demand on tablet devices and smart TVs; and radio streaming on mobile applications. Further, it distributes and sells home entertainment products, such as VCDs/DVDs/Blu-ray discs and video-on-demand in Singapore, Malaysia, and Indonesia; and engages in the theatrical distribution of movies, karaoke video licensing, karaoke system rental, and providing a karaoke-on-demand channel on Pay TV platforms. The company was founded in 1999 and is based in Shanghai, China. Linktone Ltd. is a subsidiary of MNC International Li mited.
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