In yesterday’s Wall Street session, Huntington Bancshares, Inc. (NASDAQ:HBAN) shares traded at $13.73, down -1.58% from the previous session.
HBAN stock price is now 5.64% away from the 50-day moving average and 18.14% away from the 200-day moving average. The market capitalization of the company currently stands at $19.99B.
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 $2.64 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 $4.17 million. A total of 1.27% 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 $13.97. The fifty day moving average price for HBAN is $13.05 and a two-hundred day moving average price translates $11.70 for the stock.
The latest earnings results from Huntington Bancshares, Inc. (NASDAQ: HBAN) was released for Dec, 2023. 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.
