There’s Still Time to Buy Huntington Bancshares, Inc. (NASDAQ:HBAN) Stock

In yesterday’s Wall Street session, Huntington Bancshares, Inc. (NASDAQ:HBAN) shares traded at $10.44, down -0.57% from the previous session.

22 analysts cover Huntington Bancshares, Inc. (NASDAQ:HBAN), according to research data. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $13.00 and a low of $10.00, we find $12.00. Given the previous closing price of $10.50, this indicates a potential upside of 14.29 percent. HBAN stock price is now 1.26% away from the 50-day moving average and -9.38% away from the 200-day moving average. The market capitalization of the company currently stands at $15.12B.

The stock has received a hold rating from 14 analysts and a buy rating from 6. Brokers who have rated the stock have averaged $11.84 as their price target over the next twelve months.

In other news, Heller Paul G, Sr. EVP & Chief Technology Off sold 23,817 shares of the company’s stock on Aug 09. The stock was sold for $283,215 at an average price of $11.89. Upon completion of the transaction, the Sr. EVP & Chief Technology Off now directly owns 505,910 shares in the company, valued at $5.28 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 09, Senior Exec. V. P. Houston Helga sold 12,280 shares of the business’s stock. A total of $146,992 was realized by selling the stock at an average price of $11.97. This leaves the insider owning 594,564 shares of the company worth $6.21 million. Insiders disposed of 1,395,291 shares of company stock worth roughly $14.57 million over the past 1 year. A total of 1.24% of the company’s stock is owned by insiders.

On Tuesday morning Huntington Bancshares, Inc. (NASDAQ: HBAN) stock kicked off with the opening price of $10.46. During the past 12 months, Huntington Bancshares, Inc. has had a low of $9.13 and a high of $15.74. The fifty day moving average price for HBAN is $10.31 and a two-hundred day moving average price translates $11.52 for the stock.

The latest earnings results from Huntington Bancshares, Inc. (NASDAQ: HBAN) was released for Sep, 2023. According to the Banks – Regional Company, earnings per share came in at $0.36, beating analysts’ expectations of $0.32 by 0.04. This compares to $0.39 EPS in the same period last year. The net profit margin was 21.47% and return on equity was 13.21% for HBAN. The company reported revenue of $2.31 billion for the quarter, compared to $1.59 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 45.56 percent. For the current quarter, analysts expect HBAN to generate $1.81B in revenue.

Huntington Bancshares, Inc.(HBAN) Company Profile

Huntington Bancshares Incorporated operates as the bank holding company for The Huntington National Bank that provides commercial, consumer, and mortgage banking services in the United States. The company operates through four segments: Consumer and Business Banking; Commercial Banking; Vehicle Finance; and Regional Banking and The Huntington Private Client Group (RBHPCG). The Consumer and Business Banking segment offers financial products and services, such as checking accounts, savings accounts, money market accounts, certificates of deposit, credit cards, and consumer and small business loans, as well as investment products. This segment also provides mortgages, insurance, interest rate risk protection, foreign exchange, automated teller machine, and treasury management services, as well as online, mobile, and telephone banking services. It serves consumer and small business customers. The Commercial Banking segment offers regional commercial banking solutions for middle market businesses, government and public sector entities, and commercial real estate developers/REITs; and specialty banking solutions for healthcare, technology and telecommunications, franchise finance, sponsor finance, and global services industries. It also provides asset finance services; capital raising solutions, sales and trading, and corporate risk management products; institutional banking services; and treasury management services. The Vehicle Finance segment provides financing to consumers for the purchase of automobiles, light-duty trucks, recreational vehicles, and marine craft at franchised and other select dealerships, as well as to franchised dealerships for the acquisition of new and used inventory. The RBHPCG segment offers private banking, wealth and investment management, and retirement plan services. Huntington Bancshares Incorporated was founded in 1866 and is headquartered in Columbus, Ohio.

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