In yesterday’s Wall Street session, Huntington Bancshares, Inc (NASDAQ:HBAN) shares traded at $17.26, up 0.52% from the previous session.
HBAN stock price is now 3.77% away from the 50-day moving average and 19.04% away from the 200-day moving average. The market capitalization of the company currently stands at $25.08B.
On July 26, 2024, Robert W. Baird Downgraded its previous ‘Outperform’ rating to ‘Neutral’ on the stock keeping its target price maintained at $15, while ‘Piper Sandler’ rates the stock as ‘Underweight’
In other news, Syal Rajeev, Former Officer bought 2,824 shares of the company’s stock on Nov 27 ’24. The stock was bought for $51,510 at an average price of $18.24. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 22 ’24, Chief DEI Officer, SVP White Donnell R sold 2,840 shares of the business’s stock. A total of $50,069 was realized by selling the stock at an average price of $17.63. This leaves the insider owning 16,373 shares of the company worth $0.28 million. A total of 1.18% of the company’s stock is owned by insiders.
During the past 12 months, Huntington Bancshares, Inc has had a low of $12.02 and a high of $18.44. According to the stock market information, the enterprise value for the company is $30680524800, which is based on a 16.76 price-to-earnings ratio, a 4.06 price-to-earnings-growth ratio, and a beta of 1.09. The fifty day moving average price for HBAN is $16.5806 and a two-hundred day moving average price translates $14.47725 for the stock.
The latest earnings results from Huntington Bancshares, Inc (NASDAQ: HBAN) was released for 2024-09-30. The net profit margin was 13.09% and return on equity was 8.46% for HBAN. The company reported revenue of $2.56 billion for the quarter, compared to $2.31 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 10.46 percent.
