The price of Huntington Bancshares, Inc. (NASDAQ:HBAN) shares last traded on Wall Street fell -0.14% to $14.59.
HBAN stock price is now 6.42% away from the 50-day moving average and 11.57% away from the 200-day moving average. The market capitalization of the company currently stands at $21.19B.
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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, Lawlor Brendan A, Executive VP and CCO sold 9,050 shares of the company’s stock on Jul 29 ’24. The stock was sold for $136,293 at an average price of $15.06. Upon completion of the transaction, the Executive VP and CCO now directly owns 11,111 shares in the company, valued at $0.16 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jul 29 ’24, Senior Exec. V. P. Houston Helga sold 11,288 shares of the business’s stock. A total of $169,546 was realized by selling the stock at an average price of $15.02. This leaves the insider owning 618,832 shares of the company worth $9.03 million. A total of 1.30% 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 $27688994816, which is based on a 13.87 price-to-earnings ratio, a 2.83 price-to-earnings-growth ratio, and a beta of 1.07. The fifty day moving average price for HBAN is $13.7536 and a two-hundred day moving average price translates $13.09805 for the stock.
The latest earnings results from Huntington Bancshares, Inc. (NASDAQ: HBAN) was released for 2024-06-30. The net profit margin was 13.58% and return on equity was 8.79% for HBAN. The company reported revenue of $2.48 billion for the quarter, compared to $2.23 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 11.28 percent. For the current quarter, analysts expect HBAN to generate $1.87B in revenue.
