Arvest Bank Trust Division Exits Position in Huntington Bancshares Incorporated (HBAN)

Huntington Bancshares Incorporated (HBAN) : Arvest Bank Trust Division has sold out all of its stake in Huntington Bancshares Incorporated during the most recent quarter, according to the disclosure filed by the company on Oct 7, 2016 with the SEC. The investment management company has sold out 57,832 shares of Huntington Bancshares Incorporated which is valued at $588,151.

Other Hedge Funds, Including , Advisory Services Network sold out all of its stake in HBAN during the most recent quarter. The investment firm sold 380 shares of HBAN which is valued $3,865.Bnp Paribas Arbitrage Sa reduced its stake in HBAN by selling 259,545 shares or 49.13% in the most recent quarter. The Hedge Fund company now holds 268,729 shares of HBAN which is valued at $2,724,912. Huntington Bancshares Incorporated makes up approx 0.01% of Bnp Paribas Arbitrage Sa’s portfolio.North Star Asset Management Inc reduced its stake in HBAN by selling 5,083 shares or 28.98% in the most recent quarter. The Hedge Fund company now holds 12,456 shares of HBAN which is valued at $126,304. Huntington Bancshares Incorporated makes up approx 0.01% of North Star Asset Management Inc’s portfolio.Chevy Chase Trust Holdings boosted its stake in HBAN in the latest quarter, The investment management firm added 218,045 additional shares and now holds a total of 925,939 shares of Huntington Bancshares Incorporated which is valued at $9,389,021. Huntington Bancshares Incorporated makes up approx 0.05% of Chevy Chase Trust Holdings’s portfolio. Washington Trust Bank added HBAN to its portfolio by purchasing 100 company shares during the most recent quarter which is valued at $1,014.

Huntington Bancshares Incorporated opened for trading at $10.17 and hit $10.25 on the upside on Friday, eventually ending the session at $10.17, with a gain of 0.10% or 0.01 points. The heightened volatility saw the trading volume jump to 88,96,507 shares. Company has a market cap of $8,127 M.

On the company’s financial health, Huntington Bancshares Incorporated reported $0.19 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on Jul 21, 2016. Analyst had a consensus of $0.21.Analysts expectations of $ 777.35.During the same quarter in the previous year, the company posted $0.23 EPS.

Many Wall Street Analysts have commented on Huntington Bancshares Incorporated. Wedbush Initiated Huntington Bancshares Incorporated on Oct 7, 2016 to “Outperform”, Price Target of the shares are set at $12.Company shares were Upgraded by Deutsche Bank on Sep 28, 2016 to ” Buy”, Firm has raised the Price Target to $ 11.50 from a previous price target of $10.50 .Huntington Bancshares Incorporated was Upgraded by FBR Capital to ” Outperform” on Jul 11, 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.

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