Huntington Bancshares Incorporated (HBAN) Releases Earnings Results, Misses Expectations By $-0.02 EPS

Huntington Bancshares Incorporated (HBAN) reported quarterly earnings results on Thursday, Jul-21-2016. The company reported $0.19 earnings per share for the quarter, missing the analyst consensus estimate by $-0.02. Analysts had a consensus of $0.21. Analysts expectations of $777.35 million. During the same quarter in the previous year, the company posted $0.23 EPS.

Many Wall Street Analysts have commented on Huntington Bancshares Incorporated. Huntington Bancshares Incorporated was Upgraded by FBR Capital to ” Outperform” on Jul 11, 2016. Robert W. Baird Downgraded Huntington Bancshares Incorporated on May 26, 2016 to ” Neutral”, Price Target of the shares are set at $12.

Huntington Bancshares Incorporated closed down -0.03 points or -0.32% at $9.24 with 84,61,678 shares getting traded on Wednesday. Post opening the session at $9.27, the shares hit an intraday low of $9.17 and an intraday high of $9.35 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

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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