In yesterday’s Wall Street session, Huntington Bancshares, Inc. (NASDAQ:HBAN) shares traded at $13.02, down -0.23% from the previous session.
HBAN stock price is now 1.17% away from the 50-day moving average and 13.12% away from the 200-day moving average. The market capitalization of the company currently stands at $18.95B.
With the price target enhanced from $14 to $15.50, DA Davidson Upgraded its rating from Neutral to Buy for Huntington Bancshares, Inc. (NASDAQ: HBAN). On February 14, 2024, UBS Upgraded its previous ‘Neutral’ rating to ‘Buy’ on the stock increasing its target price from $14 to quote $15, while ‘Evercore ISI’ rates the stock as ‘Outperform’
In other news, CRANE ANN B, Director sold 58,000 shares of the company’s stock on Mar 08 ’24. The stock was sold for $785,140 at an average price of $13.54. Upon completion of the transaction, the Director now directly owns 192,247 shares in the company, valued at $2.5 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 20 ’24, Senior Exec. V.P. Tutkovics Julie C sold 15,541 shares of the business’s stock. A total of $197,060 was realized by selling the stock at an average price of $12.68. This leaves the insider owning 303,455 shares of the company worth $3.95 million. A total of 1.29% of the company’s stock is owned by insiders.
During the past 12 months, Huntington Bancshares, Inc. has had a low of $9.13 and a high of $13.77. The fifty day moving average price for HBAN is $12.88 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 Dec, 2023. According to the Banks – Regional Company, earnings per share came in at $0.3, beating analysts’ expectations of $0.27 by 0.03. This compares to $0.42 EPS in the same period last year. The net profit margin was 16.87% and return on equity was 10.52% for HBAN. The company reported revenue of $2.35 billion for the quarter, compared to $1.85 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 26.75 percent. For the current quarter, analysts expect HBAN to generate $1.77B 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 offers financial products and services to consumer and business customers, including deposits, lending, payments, mortgage banking, dealer financing, investment management, trust, brokerage, insurance, and other financial products and services. It also provides 24-hour grace, asterisk-free checking, money scout, $50 safety zone, standby cash, early pay, instant access, savings goal getter, and Huntington heads up; digitally powered consumer and business financial solutions to consumer lending, regional banking, branch banking, and wealth management customers; direct and indirect consumer loans, as well as dealer finance loans and deposits; and private banking, wealth management and legacy planning through investment and portfolio management, fiduciary administration and trust, institutional custody, and full-service retail brokerage investment services. The company offers equipment financing, asset-based lending, distribution finance, structured lending, and municipal financing solutions, as well as Huntington ChoicePay. In addition, it offers lending, liquidity, treasury management and other payment services, and capital markets; government and non-profits, healthcare, technology and telecommunications, franchises, financial sponsors, and global services; and corporate risk management, institutional sales and trading, debt and equity issuance, and additional advisory services. The company offers its products through a network of channels, including branches and ATMs, online and mobile banking, and through customer call centers to customers in middle market banking, corporate, specialty, and government banking, asset finance, commercial real estate banking, and capital markets. The company was founded in 1866 and is headquartered in Columbus, Ohio.
