Huntington Banc (NASDAQ:HBAN) Change of Rating

Equities researchers at Hilliard Lyons’s equities research division downgraded Huntington Banc (NASDAQ:HBAN)’s stock rating from Buy to Neutral on Wednesday, 24 January.

Out of 27 brokers covering Huntington Banc, 11 rate it a Buy, 17 indicate a Hold while 1 suggest a Sell. The highest target is $12 and the lowest is $9.5 according to Thomson/First Call. The 12-month mean target is $11.13, which means downside potential of 20.27% over the current price.

Institutional Ownership

Macnealy Hoover Investment Management Inc had the largest stake with ownership of 362,618 shares as of q2 2015 for 2.87% of the US long stock exposure. Spero is another bullish active investment manager who is possessing 208,155 shares of Huntington Banc or 2.75% of their US long stock exposure. Further, Deroy & Devereaux Private Investment Counsel Inc have 1.72% of their US long stock exposure invested in the company for 1.38M shares. The Missouri-based fund Stieven Capital Advisors L.P. disclosed it had purchased so far a stake worth about 1.71% of the active investment manager’s stock portfolio in Huntington Banc. The New York-based fund Basswood Capital Management L.L.C. is also positive about the stock, possessing 711,890 shares or 1.57% of their US long stock exposure.

Huntington Banc (NASDAQ:HBAN) Profile

Huntington Bancshares Incorporated (Huntington) is a bank holding company. Through its subsidiaries, including its bank subsidiary, The Huntington National Bank (the Bank), the Company provides commercial and consumer banking services, mortgage banking services, automobile financing, recreational vehicle and marine financing, equipment leasing, investment management, trust services, brokerage services, insurance programs, and other financial products and services. Its segments include Consumer and Business Banking, Commercial Banking, Commercial Real Estate and Vehicle Finance, Regional Banking and The Huntington Private Client Group, Home Lending and Treasury/Other.

Huntington Banc (NASDAQ:HBAN) traded up 0.65% on 24 January, hitting $13.96. A total of 8.82M shares of the company’s stock traded hands. This is up from average of 8.31M shares. Huntington Banc has a 52 week low of $9.57 and a 52 week high of $14.74. The company has a market cap of $15.22B and a P/E ratio of 19.61.

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