Stocks of Huntington Bancshares, Inc. (NASDAQ:HBAN) traded higher last session on Wall Street, down -0.74% to $13.47.
HBAN stock price is now 0.87% away from the 50-day moving average and 13.10% away from the 200-day moving average. The market capitalization of the company currently stands at $19.61B.
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With the price target enhanced from $14 to $16, Jefferies Upgraded its rating from Hold to Buy for Huntington Bancshares, Inc. (NASDAQ: HBAN). On April 08, 2024, BofA Securities Upgraded its previous ‘Neutral’ rating to ‘Buy’ on the stock increasing its target price from $14 to quote $16, while ‘DA Davidson’ rates the stock as ‘Buy’
In other news, Kowalski Kendall A, Chief Information Officer sold 15,948 shares of the company’s stock on Apr 24 ’24. The stock was sold for $214,822 at an average price of $13.47. Upon completion of the transaction, the Chief Information Officer now directly owns 21,102 shares in the company, valued at $0.28 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 23 ’24, Senior Exec. V.P. Standridge Brantley J sold 50,000 shares of the business’s stock. A total of $679,860 was realized by selling the stock at an average price of $13.60. This leaves the insider owning 385,409 shares of the company worth $5.19 million. A total of 1.28% 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 $14.07.
According to the Banks – Regional Company, earnings per share came in at 0.35, beating analysts’ expectations of 0.34 by 0.01. This compares to $0.42 EPS in the same period last year. The net profit margin was 14.62% and return on equity was 9.29% 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 $1.83B in revenue.
