Huntington Bancshares Incorporated (NASDAQ:HBAN) has been downgraded from Buy to Hold in a statement by Jefferies & Co earlier today.
- Updated: November 28, 2016
Jefferies & Co has downgraded Huntington Bancshares Incorporated (NASDAQ:HBAN) from Buy to Hold in a statement released on 11/28/2016.
Having a price of $12.40, Huntington Bancshares Incorporated (NASDAQ:HBAN) traded -0.72% lower on the day. With the last close up 25.49% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.03% over the same period. Huntington Bancshares Incorporated 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
With a total market value of $0, Huntington Bancshares Incorporated 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 analysts have released a report on Huntington Bancshares Incorporated. Six analysts rating the company a strong buy, five analysts rating the company a buy, seventeen analysts rating the company a hold, one analyst rating the company a underperform, and finally zero analysts rating the company a sell with a 12-month price target of $11.13.
More About Huntington Bancshares Incorporated (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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