Huntington Banc (NASDAQ:HBAN) has been downgraded from Buy to Hold in a statement by Jefferies earlier today.
- Updated: November 28, 2016
Boasting a price of $12.56, Huntington Banc (NASDAQ:HBAN) traded -0.72% lower on the day. With the last stock price close up 25.49% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.03% over the date range. Huntington Banc has recorded a 50-day average of $10.84 and a two hundred day average of $9.94. Volume of trade was down over the average, with 2,431,903 shares of HBAN changing hands under the typical 13,274,700
Jefferies has downgraded Huntington Banc (NASDAQ:HBAN) from Buy to Hold in a statement released on 11/28/2016.
With a total market value of $0, Huntington Banc has price-earnings ratio of 17.61 with a one year low of $7.83 and a one year high of $12.68 .
A total of 27 equity analysts have released a research note on HBAN. Six firms rating the stock a strong buy, 5 firms rating the stock a buy, 17 firms rating the stock a hold, one equity analyst rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $11.13.
Brief Synopsis About Huntington Banc (NASDAQ:HBAN)
Huntington Bancshares Incorporated is a diversified regional bank holding company. Through its subsidiaries, including its bank subsidiary, The Huntington National Bank (the Bank), the Company is engaged in providing commercial, small business, consumer banking services, mortgage banking services, automobile financing, equipment leasing, investment management, trust services, brokerage services, customized insurance programs, and other financial products and services. It operates through 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. The Company offers commercial and industrial loans, commercial real estate loans, automobile loans, home equity loans, residential mortgage loans and other consumer loans. It offers demand deposits-noninterest-bearing, demand deposits-interest-bearing, money market deposits, and savings and other domestic deposits.
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