Price Target Update on Huntington Bancshares Incorporated (NASDAQ:HBAN)

Huntington Bancshares Incorporated (NASDAQ:HBAN) : Average target price received by Huntington Bancshares Incorporated (NASDAQ:HBAN) is $11.06 with an expected standard deviation of $0.93. The most aggressive target on the stock is $12, whereas the most downbeat target is $9. 16 financial analysts are currently covering the stock.

Other Equity analysts have also commented 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.

Huntington Bancshares Incorporated (NASDAQ:HBAN): stock turned positive on Thursday. Though the stock opened at $9.34, the bulls momentum made the stock top out at $9.5 level for the day. The stock recorded a low of $9.32 and closed the trading day at $9.43, in the green by 2.28%. The total traded volume for the day was 9,374,395. The stock had closed at $9.22 in the previous days trading.

The company shares have dropped -19.34% 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 $10.00 and the 200 Day Moving Average price is recorded at $9.78. 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.

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.

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