Huntington Bancshares, Inc. (NASDAQ:HBAN) shares traded 0.86% higher at $14.08 on Wall Street last session.
HBAN stock price is now 3.95% away from the 50-day moving average and 17.22% away from the 200-day moving average. The market capitalization of the company currently stands at $20.41B.
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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 15,711 shares of the company’s stock on May 03 ’24. The stock was sold for $217,454 at an average price of $13.84. Upon completion of the transaction, the Chief Information Officer now directly owns 65,195 shares in the company, valued at $0.92 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 02 ’24, Senior Exec. V.P. Syal Rajeev sold 11,155 shares of the business’s stock. A total of $153,493 was realized by selling the stock at an average price of $13.76. This leaves the insider owning 279,733 shares of the company worth $3.94 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 $9.25 and a high of $14.16.
The net profit margin was 14.65% and return on equity was 9.29% for HBAN. The company reported revenue of $2.38 billion for the quarter, compared to $2.03 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 17.36 percent.
