Huntington Bancshares Incorporated (HBAN) is Initiated by Wedbush to Outperform, Price Target at $12

Huntington Bancshares Incorporated (HBAN) was Initiated by Wedbush to “Outperform” and the brokerage firm has set the Price Target at $12. Wedbush advised their investors in a research report released on Oct 7, 2016.

Many Wall Street Analysts have commented on Huntington Bancshares Incorporated. 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.

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.

Huntington Bancshares Incorporated opened for trading at $9.86 and hit $9.97 on the upside on Tuesday, eventually ending the session at $9.88, with a gain of 0.82% or 0.08 points. The heightened volatility saw the trading volume jump to 80,99,858 shares. Company has a market cap of $7,896 M.

In a different news, on Aug 30, 2016, David S. Anderson (EVP & Controller) sold 9,006 shares at $9.82 per share price. According to the SEC, on Aug 23, 2016, Nicholas G Stanutz (Sr EVP of Principal Sub) sold 35,350 shares at $9.64 per share price. 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 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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