Huntington Bancshares Incorporated (HBAN) : Traders are bullish on Huntington Bancshares Incorporated (HBAN) as it has outperformed the S&P 500 by a wide margin of 2.09% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.35%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.32% in the last 1 week, and is up 2.48% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Huntington Bancshares Incorporated has dropped 6.35% during the last 3-month period . Year-to-Date the stock performance stands at -12.74%. The stock has recorded a 20-day Moving Average of 0.09% and the 50-Day Moving Average is 2.78%.
Huntington Bancshares Incorporated (NASDAQ:HBAN): The stock was completely flat for the day, closing at $9.51 on Friday. The flat closing masks the intraday volatility in the stock. After opening at $9.47, the stock touched an intraday high of $9.56 and a low of $9.43. Neither the bulls nor the bears asserted their supremacy at close, due to which the stock closed completely flat. The stock previously closed at $9.51. The total trading volume on Friday was 21,860,871.
Also, Equity Analysts at the Brokerage Firm, Morgan Stanley, maintains their rating on the shares of Huntington Bancshares Incorporated (NASDAQ:HBAN). Morgan Stanley has a Equal-weight rating on the shares. As per the latest research report, the brokerage house lowers the price target to $11 per share from a prior target of $11.5. The rating by the firm was issued on August 1, 2016.
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.