Huntington Bancshares Incorporated (HBAN) : The consensus on Huntington Bancshares Incorporated (HBAN) based on 18 analyst recommendation on the company stock is 2.28, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 6 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 2 analyst believes that the stock is a Buy, which can produce decent returns in the future. 9 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst also believes that the downside risk to the stock is higher and suggests a Sell on Huntington Bancshares Incorporated (HBAN).
Huntington Bancshares Incorporated (HBAN) stock is expected to deviate a maximum of $0.89 from the average target price of $10.69 for the short term period. 16 Street Experts have initiated coverage on the stock with the most promising target being $12 and the most muted being $9.
Company shares have received an average consensus rating of Hold for the current week 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 $9.59 and $9.50 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $9.60. The buying momentum continued till the end and the stock did not give up its gains. It closed at $9.57, notching a gain of 0.31% for the day. The total traded volume was 6,532,272 . The stock had closed at $9.54 on the previous day.
In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (Sr. EVP of Principal Subsidiar) of Huntington Bancshares Inc/Md, Neumeyer Daniel J. had sold 9,662 shares worth of $102,514 in a transaction dated May 25, 2016. In this transaction, 9,662 shares were sold at $10.61 per share.
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.