Huntington Bancshares Incorporated (HBAN) is Upgraded by FBR Capital to Outperform

Huntington Bancshares Incorporated (HBAN) was Upgraded by FBR Capital to ” Outperform”. Earlier the firm had a rating of “Mkt Perform ” on the company shares. FBR Capital advised their investors in a research report released on Jul 11, 2016.

Many Wall Street Analysts have commented on Huntington Bancshares Incorporated. Robert W. Baird Downgraded Huntington Bancshares Incorporated on May 26, 2016 to ” Neutral”, Price Target of the shares are set at $12.Company shares were Reiterated by FBR Capital on Apr 21, 2016 to “Mkt Perform”, Firm has raised the Price Target to $ 11 from a previous price target of $9.50 .

On the company’s financial health, Huntington Bancshares Incorporated reported $0.20 EPS for the quarter, based on the information available during the earnings call on Apr 20, 2016. Analyst had a consensus estimate of $0.20. The company had revenue of $754.00 million for the quarter, compared to analysts expectations of $751.94 million. The company’s revenue was up 6.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.19 EPS.

Huntington Bancshares Incorporated opened for trading at $8.71 and hit $8.84 on the upside on Friday, eventually ending the session at $8.72, with a gain of 1.63% or 0.14 points. The heightened volatility saw the trading volume jump to 1,42,23,811 shares. Company has a market cap of $6,947 M.

In a different news, on May 26, 2016, Daniel J. Neumeyer (Sr. EVP of Principal Subsidiar) sold 9,662 shares at $10.61 per share price. According to the SEC, on May 24, 2016, David S. Anderson (EVP & Controller) sold 25,000 shares at $10.36 per share price. On Mar 15, 2016, John B Jr Gerlach (director) purchased 4,000 shares at $25.00 per share price, according to the Form-4 filing with the securities and exchange commission.

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.

Huntington Bancshares Incorporated

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