In yesterday’s Wall Street session, Huntington Bancshares, Inc. (NASDAQ:HBAN) shares traded at $13.16, down -0.15% from the previous session.
HBAN stock price is now -1.97% away from the 50-day moving average and 6.91% away from the 200-day moving average. The market capitalization of the company currently stands at $19.07B.
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With the price target reduced from $13.50 to $11.50, Piper Sandler Downgraded its rating from Neutral to Underweight for Huntington Bancshares, Inc. (NASDAQ: HBAN). On May 28, 2024, JP Morgan Upgraded its previous ‘Neutral’ rating to ‘Overweight’ on the stock increasing its target price from $16 to quote $18, while ‘Jefferies’ rates the stock as ‘Buy’
In other news, Houston Helga, Senior Exec. V. P. sold 7,278 shares of the company’s stock on May 30 ’24. The stock was sold for $99,238 at an average price of $13.64. Upon completion of the transaction, the Senior Exec. V. P. now directly owns 648,904 shares in the company, valued at $8.54 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 03 ’24, Chief Information Officer Kowalski Kendall A sold 15,711 shares of the business’s stock. A total of $217,454 was realized by selling the stock at an average price of $13.84. This leaves the insider owning 65,195 shares of the company worth $0.86 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 $9.25 and a high of $14.30. The fifty day moving average price for HBAN is $13.4236 and a two-hundred day moving average price translates $12.3215 for the stock.
The latest earnings results from Huntington Bancshares, Inc. (NASDAQ: HBAN) was released for 2024-03-31. 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.
