Macnealy Hoover Investment Management Inc Lowers stake in Huntington Bancshares Incorporated (HBAN)

Huntington Bancshares Incorporated (HBAN) : Macnealy Hoover Investment Management Inc reduced its stake in Huntington Bancshares Incorporated by 3.41% during the most recent quarter end. The investment management company now holds a total of 362,618 shares of Huntington Bancshares Incorporated which is valued at $3,684,199 after selling 12,794 shares in Huntington Bancshares Incorporated , the firm said in a disclosure report filed with the SEC on Oct 11, 2016.Huntington Bancshares Incorporated makes up approximately 0.69% of Macnealy Hoover Investment Management Inc’s portfolio.

Other Hedge Funds, Including , Jacobs Coca reduced its stake in HBAN by selling 11,225 shares or 30.53% in the most recent quarter. The Hedge Fund company now holds 25,540 shares of HBAN which is valued at $259,486. Huntington Bancshares Incorporated makes up approx 0.06% of Jacobs Coca’s portfolio. Arvest Bank Trust Division sold out all of its stake in HBAN during the most recent quarter. The investment firm sold 57,832 shares of HBAN which is valued $588,151. Central Bank Trust Co sold out all of its stake in HBAN during the most recent quarter. The investment firm sold 1,400 shares of HBAN which is valued $14,238.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 closed down -0.14 points or -1.38% at $10.02 with 1,04,20,312 shares getting traded on Tuesday. Post opening the session at $10.05, the shares hit an intraday low of $9.92 and an intraday high of $10.18 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

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. Huntington Bancshares Incorporated was Downgraded by FBR & Co. to ” Mkt Perform” on Oct 11, 2016. 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 (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.

Leave a Reply

Huntington Bancshares Incorporated - Is it time to Sell?

Top Brokerage Firms are advising their investors on Huntington Bancshares Incorporated. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.