In yesterday’s Wall Street session, Huntington Bancshares, Inc. (NASDAQ:HBAN) shares traded at $15.02, down -0.73% from the previous session.
HBAN stock price is now 11.15% away from the 50-day moving average and 18.69% away from the 200-day moving average. The market capitalization of the company currently stands at $21.77B.
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With the price target maintained at $15, Robert W. Baird recently Downgraded its rating from Outperform to Neutral for Huntington Bancshares, Inc. (NASDAQ: HBAN). On June 14, 2024, Piper Sandler Downgraded its previous ‘Neutral’ rating to ‘Underweight’ on the stock reducing its target price from $13.50 to quote $11.50, while ‘JP Morgan’ rates the stock as ‘Overweight’
In other news, Kowalski Kendall A, Chief Information Officer sold 5,747 shares of the company’s stock on Jul 24 ’24. The stock was sold for $86,096 at an average price of $14.98. Upon completion of the transaction, the Chief Information Officer now directly owns 65,899 shares in the company, valued at $0.99 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jul 23 ’24, Executive V.P. and Controller Maloney Nancy E sold 57,537 shares of the business’s stock. A total of $871,686 was realized by selling the stock at an average price of $15.15. This leaves the insider owning 69,595 shares of the company worth $1.05 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 $15.24. According to the stock market information, the enterprise value for the company is $27968540672, which is based on a 14.25 price-to-earnings ratio, a 2.91 price-to-earnings-growth ratio, and a beta of 1.07. The fifty day moving average price for HBAN is $13.5284 and a two-hundred day moving average price translates $12.6786 for the stock.
The latest earnings results from Huntington Bancshares, Inc. (NASDAQ: HBAN) was released for 2024-06-30. The net profit margin was 13.56% and return on equity was 8.79% 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.
