Huntington Bancshares Incorporated (HBAN) is Downgraded by Jefferies to Hold

Huntington Bancshares Incorporated (HBAN) was Downgraded by Jefferies to ” Hold”. Earlier the firm had a rating of “Buy ” on the company shares. Jefferies advised their investors in a research report released on Nov 28, 2016.

Many Wall Street Analysts have commented on Huntington Bancshares Incorporated. Huntington Bancshares Incorporated was Upgraded by Macquarie to ” Outperform” on Nov 22, 2016. Company shares were Reiterated by Wedbush on Oct 27, 2016 to “Outperform”, Firm has raised the Price Target to $ 13 from a previous price target of $12 .Huntington Bancshares Incorporated was Downgraded by FBR & Co. to ” Mkt Perform” on Oct 11, 2016.

On the company’s financial health, Huntington Bancshares Incorporated reported $0.22 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Oct 26, 2016. Analyst had a consensus of $0.21.Analysts expectations of $ 834.33.During the same quarter in the previous year, the company posted $0.18 EPS.

Huntington Bancshares Incorporated closed down -0.05 points or -0.40% at $12.56 with 42,65,742 shares getting traded on Friday. Post opening the session at $12.67, the shares hit an intraday low of $12.53 and an intraday high of $12.675 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on Nov 14, 2016, Sandra E. Pierce (Senior Exec Vice President) sold 52,994 shares at $11.63 per share price. According to the SEC, on Nov 14, 2016, Daniel J. Neumeyer (Sr. EVP of Principal Subsidiar) sold 14,538 shares at $11.61 per share price. On Nov 14, 2016, Nicholas G Stanutz (Sr EVP of Principal Sub) sold 25,000 shares at $11.55 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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