Huntington Bancshares Incorporated (HBAN): Price Target and June Short Interest Disclosure

Huntington Bancshares Incorporated (HBAN) : The highest short term price target forecast on Huntington Bancshares Incorporated (HBAN) is $12 and the lowest target price is $9. A total of 16 equity analysts are currently covering the company. The average price of all the analysts is $10.75 with a standard deviation of $0.93.

Huntington Bancshares Incorporated (HBAN), A reduction of 2,844,671 shares or 4.2% was observed in the short interest of Huntington Bancshares Incorporated The interest on June 30,2016 came in at 65,311,355 shares and as per the average daily trading of 15,457,732 shares, the days to cover are 4. The reduced interest is 8.3% of the floated shares. The data of June 15,2016 put the interest at 68,156,026 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.

Also, Equity analysts at the Brokerage firm JP Morgan maintains its rating on Huntington Bancshares Incorporated (NASDAQ:HBAN). The rating major has initiated the coverage with neutral rating on the shares. The Analysts at JP Morgan lowers the price target from $10.5 per share to $9.5 per share. The rating by the firm was issued on July 7, 2016.


Huntington Bancshares Incorporated (NASDAQ:HBAN): stock turned positive on Thursday. Though the stock opened at $9.24, the bulls momentum made the stock top out at $9.33 level for the day. The stock recorded a low of $9.2 and closed the trading day at $9.23, in the green by 1.65%. The total traded volume for the day was 7,686,155. The stock had closed at $9.08 in the previous days trading.

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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