Revenue Update on Huntington Bancshares Incorporated(NASDAQ:HBAN)

Huntington Bancshares Incorporated(NASDAQ:HBAN) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 21, 2016. Company reported revenue of $787.00M. Analysts estimated a revenue of $776.87M. Earnings per share were $0.21. Analysts had estimated an EPS of $0.21.

In a different note, On Jul 11, 2016, FBR Capital said it Upgrades its rating on Huntington Bancshares Incorporated. The shares have been rated ‘Outperform’ by the firm. On Jul 7, 2016, JP Morgan said it Maintains its rating on Huntington Bancshares Incorporated. In the research note, the firm Lowers the price-target to $10.50 per share. The shares have been rated ‘Neutral’ by the firm. On May 26, 2016, Baird said it Downgrades its rating on Huntington Bancshares Incorporated. The shares have been rated ‘Neutral’ by the firm.

Huntington Bancshares Incorporated (HBAN) shares turned negative on Wednesdays trading session with the shares closing down -0.03 points or -0.32% at a volume of 84,61,678. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $9.35. The peak price level was also seen at $9.35 while the days lowest was $9.17. Finally the shares closed at $9.24. The 52-week high of the shares is $11.9 while the 52-week low is $7.83. According to the latest information available, the market cap of the company is $7,361 M.

Several Insider Transactions has been reported to the SEC. On May 26, 2016, Daniel J. Neumeyer (Sr. EVP of Principal Subsidiar) sold 9,662 shares at $10.61 per share price.Also, On May 24, 2016, David S. Anderson (EVP & Controller) sold 25,000 shares at $10.36 per share price.On Mar 15, 2016, John B Jr Gerlach (director) purchased 4,000 shares at $25.00 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.

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