Short Term Price Target on Huntington Bancshares Incorporated (HBAN)

Huntington Bancshares Incorporated (NASDAQ:HBAN) : Average target price received by Huntington Bancshares Incorporated (NASDAQ:HBAN) is $11.03 with an expected standard deviation of $0.97. The most aggressive target on the stock is $12, whereas the most downbeat target is $9. 16 financial analysts are currently covering the stock.

Huntington Bancshares Incorporated has lost 5.2% in the last five trading days and dropped 14.31% in the last 4 weeks. Huntington Bancshares Incorporated has dropped 5.79% during the last 3-month period . Year-to-Date the stock performance stands at -17.97%. Also, Brokerage firm Baird downgrades its rating on Huntington Bancshares Incorporated (NASDAQ:HBAN). The shares have been rated Neutral. Previously, the analysts had a Outperform rating on the shares. The rating by the firm was issued on May 26, 2016.

Huntington Bancshares Incorporated (NASDAQ:HBAN) : 18 analysts are covering Huntington Bancshares Incorporated (NASDAQ:HBAN) and their average rating on the stock is 2.39, which is read as a Buy. 5 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 (NASDAQ: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 10 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Huntington Bancshares Incorporated (NASDAQ:HBAN): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $8.56 and $8.55 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $8.95. The buying momentum continued till the end and the stock did not give up its gains. It closed at $8.94, notching a gain of 5.05% for the day. The total traded volume was 25,205,958 . The stock had closed at $8.51 on the previous day.

In an insider trading activity, The officer (Sr. EVP of Principal Subsidiar), of Huntington Bancshares Inc/Md, Neumeyer Daniel J. had unloaded 9,662 shares at $10.61 per share in a transaction on May 25, 2016. The total value of transaction was $102,514. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

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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