Huntington Bancshares Incorporated (NASDAQ:HBAN) has tumbled 6.53% during the past week and has dropped 9.09% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 5.41%. Huntington Bancshares Incorporated (NASDAQ:HBAN) has underperformed the index by 9.92% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Huntington Bancshares Incorporated (NASDAQ:HBAN): The stock opened at $9.30 on Friday but the bulls could not build on the opening and the stock topped out at $9.40 for the day. The stock traded down to $9.21 during the day, due to lack of any buying support eventually closed down at $9.30 with a loss of -0.11% for the day. The stock had closed at $9.31 on the previous day. The total traded volume was 14,017,134 shares.
The company shares have dropped -19.62% from its 1 Year high price. On Jul 23, 2015, the shares registered one year high at $11.90 and the one year low was seen on Jan 26, 2016. The 50-Day Moving Average price is $10.07 and the 200 Day Moving Average price is recorded at $9.85.
On the companys insider trading activities,The officer (Sr. EVP of Principal Subsidiar) of Huntington Bancshares Inc/Md, Neumeyer Daniel J. sold 9,662 shares at $10.61 on May 25, 2016. The Insider selling transaction had a total value worth of $102,514. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
Many analysts have stated their opinion on the company shares. In the latest statement by the brokerage house, Baird downgrades its outlook on Huntington Bancshares Incorporated (NASDAQ:HBAN). The current rating of the shares is Neutral, according to the research report released by the firm. Previously, the company had a rating of Outperform. The rating by the firm was issued on May 26, 2016. Currently the company Insiders own 1.65% of Huntington Bancshares Incorporated shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -6.8% . Institutional Investors own 76.01% of Huntington Bancshares Incorporated shares. During last six month period, the net percent change held by insiders has seen a change of 3.25%.
Huntington Bancshares Incorporated (Huntington) is a diversified regional bank holding company. The Company operates through its subsidiary, The Huntington National Bank (the Bank). It provides commercial, small business, consumer and mortgage banking services, automobile financing, equipment leasing, investment management, trust services, brokerage services, insurance programs, and other financial products and services. It operates in five segments: Retail and Business Banking, Commercial Banking, Automobile Finance and Commercial Real Estate, Regional Banking and The Huntington Private Client Group, and Home Lending. Its loan portfolio includes commercial and industrial, commercial real estate, construction CRE, automobile, home equity, residential mortgage and consumer loans/leases. The Bank has approximately 14 private client group offices and 715 branches, including 404 in Ohio, 43 in Indiana, 179 in Michigan, 31 in West Virginia, 48 in Pennsylvania and 10 in Kentucky.