Huntington Bancshares, Inc (NASDAQ:HBAN) shares traded -1.46% lower at $17.54 on Wall Street last session.
HBAN stock price is now 13.07% away from the 50-day moving average and 24.77% away from the 200-day moving average. The market capitalization of the company currently stands at $25.48B.
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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, Wasserman Zachary Jacob, CFO and Senior Exec. V.P. sold 8,644 shares of the company’s stock on Nov 13 ’24. The stock was sold for $152,402 at an average price of $17.63. Upon completion of the transaction, the CFO and Senior Exec. V.P. now directly owns 259,943 shares in the company, valued at $4.56 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 13 ’24, Senior Exec. V.P. Kleinman Scott D sold 28,600 shares of the business’s stock. A total of $505,391 was realized by selling the stock at an average price of $17.67. This leaves the insider owning 496,076 shares of the company worth $8.7 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 $10.73 and a high of $17.97. According to the stock market information, the enterprise value for the company is $31465041920, which is based on a 17.03 price-to-earnings ratio, a 4.12 price-to-earnings-growth ratio, and a beta of 1.07. The fifty day moving average price for HBAN is $15.447 and a two-hundred day moving average price translates $14.0319 for the stock.
The latest earnings results from Huntington Bancshares, Inc (NASDAQ: HBAN) was released for 2024-09-30. The net profit margin was 13.09% and return on equity was 8.46% for HBAN. The company reported revenue of $2.56 billion for the quarter, compared to $2.31 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 10.46 percent.
