Analyst Rating Update on Huntington Bancshares Incorporated (HBAN)

Huntington Bancshares Incorporated (HBAN) : 18 analysts are covering Huntington Bancshares Incorporated (HBAN) and their average rating on the stock is 2.28, which is read as a Buy. 6 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Huntington Bancshares Incorporated (HBAN) also receives 2 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. 1 more analyst has given the stock a Sell recommendation. A total of 9 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Huntington Bancshares Incorporated (HBAN) : The most positive equity analysts on Huntington Bancshares Incorporated (HBAN) expects the shares to touch $12, whereas, the least positive believes that the stock will trade at $9 in the short term. The company is covered by 16 Wall Street Brokerage Firms. The average price target for shares are $10.69 with an expected fluctuation of $0.89 from the mean.

Company shares have received an average consensus rating of Hold for the current week Also, FBR Capital upgrades their rating on the shares of Huntington Bancshares Incorporated (NASDAQ:HBAN). The current rating of the shares is Outperform. Earlier, the shares were rated a Market Perform by the brokerage firm. The rating by the firm was issued on July 11, 2016.


Huntington Bancshares Incorporated (NASDAQ:HBAN): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $9.28 and $9.23 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $9.42. The buying momentum continued till the end and the stock did not give up its gains. It closed at $9.38, notching a gain of 1.19% for the day. The total traded volume was 7,165,935 . The stock had closed at $9.27 on the previous day.

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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