Tradition Capital Management Lowers stake in Huntington Bancshares Incorporated (HBAN)

Huntington Bancshares Incorporated (HBAN) : Tradition Capital Management reduced its stake in Huntington Bancshares Incorporated by 4.77% during the most recent quarter end. The investment management company now holds a total of 244,669 shares of Huntington Bancshares Incorporated which is valued at $2,294,995 after selling 12,251 shares in Huntington Bancshares Incorporated , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.Huntington Bancshares Incorporated makes up approximately 0.75% of Tradition Capital Management’s portfolio.

Other Hedge Funds, Including , Aberdeen Asset Management Plcuk reduced its stake in HBAN by selling 2,192 shares or 0.79% in the most recent quarter. The Hedge Fund company now holds 273,670 shares of HBAN which is valued at $2,567,025. Huntington Bancshares Incorporated makes up approx 0.01% of Aberdeen Asset Management Plcuk’s portfolio. Farmers Merchants Investments Inc added HBAN to its portfolio by purchasing 100 company shares during the most recent quarter which is valued at $924.Firstmerit Bank N A Trustee boosted its stake in HBAN in the latest quarter, The investment management firm added 66,457 additional shares and now holds a total of 89,365 shares of Huntington Bancshares Incorporated which is valued at $811,434. Huntington Bancshares Incorporated makes up approx 0.06% of Firstmerit Bank N A Trustee’s portfolio.Bank Of Stockton boosted its stake in HBAN in the latest quarter, The investment management firm added 1,425 additional shares and now holds a total of 46,710 shares of Huntington Bancshares Incorporated which is valued at $407,311. Huntington Bancshares Incorporated makes up approx 0.21% of Bank Of Stockton’s portfolio.

Huntington Bancshares Incorporated closed down -0.03 points or -0.32% at $9.35 with 63,84,880 shares getting traded on Thursday. Post opening the session at $9.34, the shares hit an intraday low of $9.32 and an intraday high of $9.44 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, Huntington Bancshares Incorporated reported $0.19 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on Jul 21, 2016. Analyst had a consensus of $0.21.Analysts expectations of $ 777.35.During the same quarter in the previous year, the company posted $0.23 EPS.

Many Wall Street Analysts have commented on Huntington Bancshares Incorporated. Huntington Bancshares Incorporated was Upgraded by FBR Capital to ” Outperform” on Jul 11, 2016. Robert W. Baird Downgraded Huntington Bancshares Incorporated on May 26, 2016 to ” Neutral”, Price Target of the shares are set at $12.

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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