Morning Technical Insight on These Banking Stocks -- Associated Banc, Huntington Bancshares, KeyCorp, and Old National
NEW YORK, Feb. 21, 2018 /PRNewswire/ --
WallStEquities.com strives to bring the best free research to the investment community. Today we are offering reports on ASB, HBAN, KEY, and ONB which can be accessed for free by signing up to www.wallstequities.com/registration. WallStEquities.com redirects investors' attention to the Regional Midwest Banks industry, which comprises depository institutions that operate in one specific region of a country, in this case, the Midwest region of the US. Four stocks have been lined up for review this morning, and they are: Associated Banc-Corp (NYSE: ASB), Huntington Bancshares Inc. (NASDAQ: HBAN), KeyCorp (NYSE: KEY), and Old National Bancorp (NASDAQ: ONB). All you have to do is sign up today for this free limited time offer by clicking the link below.
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Associated Banc-Corp
Green Bay, Wisconsin headquartered Associated Banc-Corp's shares saw a decline of 1.20%, finishing Tuesday's trading session at $24.60. A total volume of 693,270 shares was traded. In the previous three months, the stock has advanced 1.23%. The Company's shares are trading above their 200-day moving average by 0.65%. Moreover, shares of Associated Banc-Corp, which provides various banking and nonbanking products to individuals and businesses primarily in Wisconsin, Illinois, and Minnesota, have a Relative Strength Index (RSI) of 45.65.
On February 15th, 2018, Associated Banc-Corp announced that Associated Benefits and Risk Consulting has entered into an agreement to acquire Diversified Insurance Solutions, one of Wisconsin's leading insurance brokers. The transaction is expected to close next month. Terms of the transaction were not disclosed. Get the full research report on ASB for free by clicking below at: www.wallstequities.com/registration/?symbol=ASB
Huntington Bancshares
On Tuesday, shares in Columbus, Ohio headquartered Huntington Bancshares Inc. recorded a trading volume of 7.61 million shares, and ended the session 0.44% higher at $15.90. The stock has gained 0.57% in the last month, 18.66% over the previous three months, and 12.53% over the past year. The Company's shares are trading 3.88% above their 50-day moving average and 15.24% above their 200-day moving average. Furthermore, shares of Huntington Bancshares, which operates as a holding company for The Huntington National Bank that provides commercial, small business, consumer, and mortgage banking services, have an RSI of 56.29.
On January 23rd, 2018, Huntington Bancshares reported its Q4 2017 and full-year results. For Q4 2017, net income was $432 million; return on average assets was 1.67%; and total revenue increased 4% over the year-ago quarter. For the full year 2017, net income was $1.2 billion; return on average assets was 1.17%; and total revenue increased 22% over the prior year.
On February 09th, 2018, research firm Hilliard Lyons upgraded the Company's stock rating from 'Neutral' to 'Buy'. To experience our free membership services anytime/ anywhere and access the free report on HBAN, click to register at: www.wallstequities.com/registration/?symbol=HBAN
KeyCorp
Shares in Cleveland, Ohio headquartered KeyCorp closed at $20.95, slightly down 0.33% from the last trading session. The stock recorded a trading volume of 6.57 million shares. The Company's shares have gained 15.55% over the previous three months and 10.50% over the past year. The stock is trading 1.27% and 11.17% above its 50-day and 200-day moving averages, respectively. Additionally, shares of KeyCorp, which operates as the bank holding company for KeyBank National Association that provides various retail and commercial banking services in the US, have an RSI of 50.10.
On January 25th, 2018, research firm Deutsche Bank upgraded the Company's stock rating from 'Hold' to 'Buy' while revising its previous target price from $23 a share to $24 a share.
On February 01st, 2018, KeyCorp announced that CFO Don Kimble will present at the RBC Capital Markets Financial Institutions Conference on March 07th, 2018, at 10:40 a.m. ET in New York City. The Company plans to review its performance, strategy, and outlook. A live audio webcast, as well as presentation slides, will be available on the Company's website. Join our big investor community at Wall St. Equities today and get your free report on KEY at: www.wallstequities.com/registration/?symbol=KEY
Old National Bancorp
Evansville, Indiana headquartered Old National Bancorp's stock ended 0.85% lower at $17.50 with a total trading volume of 553,467 shares. The Company's shares have advanced 2.04% over the previous three months. The stock is trading above its 200-day moving average by 1.39%. Furthermore, shares of the Company have an RSI of 49.36.
On January 25th, 2018, Old National Bancorp's Board of Directors declared a quarterly cash dividend of $0.13 per share on the Company's outstanding shares of common stock. The dividend is payable March 15th, 2018, to shareholders of record on March 01st, 2018. The ex-date of the cash dividend is February 28th, 2018.
On February 09th, 2018, research firm Hilliard Lyons upgraded the Company's stock rating from 'Neutral' to 'Buy'. Know more about ONB in our free research coverage at: www.wallstequities.com/registration/?symbol=ONB
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