Huntington Bancshares Incorporated (HBAN) : Traders are bullish on Huntington Bancshares Incorporated (HBAN) as it has outperformed the S&P 500 by a wide margin of 9.1% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.2%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 2.63% in the last 1 week, and is up 11.81% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Huntington Bancshares Incorporated (NASDAQ:HBAN): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $9.44 and $9.38 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $9.75. The buying momentum continued till the end and the stock did not give up its gains. It closed at $9.75, notching a gain of 4.28% for the day. The total traded volume was 6,341,356 . The stock had closed at $9.35 on the previous day.
The stock has recorded a 20-day Moving Average of 5.43% and the 50-Day Moving Average is 3.63%. Huntington Bancshares Incorporated has dropped 0.58% during the last 3-month period . Year-to-Date the stock performance stands at -10.54%.
Huntington Bancshares Incorporated (HBAN) stock is expected to deviate a maximum of $0.89 from the average target price of $10.69 for the short term period. 16 Street Experts have initiated coverage on the stock with the most promising target being $12 and the most muted being $9.
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.