DALLAS, April 4, 2011 (GLOBE NEWSWIRE) -- MicroStockProfit.com announces an investment report featuring Huntington Bancshares Inc. (Nasdaq:HBAN). The report includes financial, comparative and investment analyses, and industry information you need to know to make an educated investment decision.
The full report is available at: www.microstockprofit.com/lp/HBAN
Huntington Bancshares Inc. (HBAN) is a $50+ billion regional bank holding company headquartered in Columbus, Ohio, whose principal subsidiary is The Huntington National Bank. The Company provides personal banking for individuals and families, small business banking, banking for middle market businesses and nonprofit organizations, and specialty financial services through its offices and more than 600 local branches, more than 1,300 ATMs, and via online and mobile banking across six states: Ohio, Michigan, Indiana, Pennsylvania, West Virginia and Kentucky. Through automotive dealership relationships within its six-state banking franchise area and selected New England states, HBAN also provides commercial banking services to the automotive dealers and retail automobile financing for dealer customers.
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In the report, the analyst notes:
"HBAN shares traded higher Friday after Jefferies Equity Research analyst Ken Usdin upgraded the banking holding company to Buy from Hold, with a 12-month price estimate of $8. TheStreet.com quoted the analyst as saying that HBAN is 'better-positioned than most to grow loans given its greater emphasis on [commercial and industrial] and auto lending, with relatively less noncore loan run-off.'"
"HBAN added $0.17 to close Friday at $6.81, up 2.56% from the previous session's close. Approximately 18.72 million shares have traded hands during the session, versus the 10-day average volume of 10.63 million. HBAN is trading below its 50-day moving average of $6.85 and above its 200-day moving average of $6.44. Market capitalization currently stands at $5.88 billion and it has 863.34 million outstanding shares."
To read the entire report visit: www.microstockprofit.com/lp/HBAN
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