Huntington Bancshares Incorporated (HBAN) is Upgraded by Macquarie to Outperform

Huntington Bancshares Incorporated (HBAN) was Upgraded by Macquarie to ” Outperform”. Earlier the firm had a rating of “Neutral ” on the company shares. Macquarie advised their investors in a research report released on Nov 22, 2016.

Many Wall Street Analysts have commented on Huntington Bancshares Incorporated. 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. Wedbush Initiated Huntington Bancshares Incorporated on Oct 7, 2016 to “Outperform”, Price Target of the shares are set at $12.

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 opened for trading at $12.3 and hit $12.54 on the upside on Monday, eventually ending the session at $12.5, with a gain of 2.21% or 0.27 points. The heightened volatility saw the trading volume jump to 1,95,30,207 shares. Company has a market cap of $13,560 M.

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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