Large Outflow of Money Witnessed in Huntington Bancshares Incorporated

Huntington Bancshares Incorporated (NASDAQ:HBAN) traded on a positive note gaining 0.01 points or 0.1% to be valued at $9.96 per share. Intraday, the shares aggregated $3.58 million in upticks but saw an exodus of $6.37 million in downticks. The net money flow was calculated to be $(-2.78) million with the final up/down ratio coming in at 0.56. The share price has seen a change of -3.86% in value during the week. Block trade of up/down ratio of 0.16 was also registered with $0.53 million in upticks and $3.27 million in downticks. The net money flow for the block exchange was disappointing at $(-2.73) Million.


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%. On the companys insider trading activities, Neumeyer Daniel J., officer (Sr. EVP of Principal Subsidiar) of Huntington Bancshares Inc/Md, unloaded 9,662 shares at an average price of $10.61 on May 25, 2016. The total amount of the transaction was worth $102,514, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

Huntington Bancshares Incorporated (NASDAQ:HBAN) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.09 points or 0.9% at $9.86 with 9,202,369 shares getting traded. Post opening the session at $9.91, the shares hit an intraday low of $9.86 and an intraday high of $10.07 and the price was in this range throughout the day. The company has a market cap of $7,855 million and the number of outstanding shares have been calculated to be 796,689,080 shares. The 52-week high of Huntington Bancshares Incorporated (NASDAQ:HBAN) is $11.9 and the 52-week low is $7.83.

Many analysts have stated their opinion on the company shares. In a research note released to the investors, Baird downgrades its rating on Huntington Bancshares Incorporated (NASDAQ:HBAN).The analysts at the brokerage house have a current rating of Neutral on the shares. Earlier, the shares were rated a Outperform by the brokerage firm. The rating by the firm was issued on May 26, 2016.

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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