In yesterday’s Wall Street session, Huntington Bancshares, Inc. (NASDAQ:HBAN) shares traded at $11.78, up 0.34% 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 $11.74, this indicates a potential upside of 2.21 percent. HBAN stock price is now 14.31% away from the 50-day moving average and 5.85% away from the 200-day moving average. The market capitalization of the company currently stands at $17.06B.
The stock has received a hold rating from 14 analysts and a buy rating from 6. Brokers who have rated the stock have averaged $11.89 as their price target over the next twelve months.
In other news, Houston Helga, Senior Exec. V. P. sold 2,750 shares of the company’s stock on Nov 21. The stock was sold for $30,181 at an average price of $10.97. Upon completion of the transaction, the Senior Exec. V. P. now directly owns 592,764 shares in the company, valued at $6.98 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 07, Senior Exec. V. P. Houston Helga sold 4,300 shares of the business’s stock. A total of $45,000 was realized by selling the stock at an average price of $10.46. This leaves the insider owning 595,514 shares of the company worth $7.02 million. Insiders disposed of 1,147,465 shares of company stock worth roughly $13.52 million over the past 1 year. A total of 1.23% of the company’s stock is owned by insiders.
On Monday morning Huntington Bancshares, Inc. (NASDAQ: HBAN) stock kicked off with the opening price of $11.65. During the past 12 months, Huntington Bancshares, Inc. has had a low of $9.13 and a high of $15.62. The fifty day moving average price for HBAN is $10.31 and a two-hundred day moving average price translates $11.13 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 $0.35, beating analysts’ expectations of $0.32 by 0.03. 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 $1.8B in revenue.
