Stocks of Huntington Bancshares, Inc (NASDAQ:HBAN) traded higher last session on Wall Street, up 1.73% to $18.20.
HBAN stock price is now 15.29% away from the 50-day moving average and 28.47% away from the 200-day moving average. The market capitalization of the company currently stands at $26.85B.
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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, White Donnell R, Chief DEI Officer, SVP sold 2,840 shares of the company’s stock on Nov 22 ’24. The stock was sold for $50,069 at an average price of $17.63. Upon completion of the transaction, the Chief DEI Officer, SVP now directly owns 16,373 shares in the company, valued at $0.3 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 22 ’24, Officer White Donnell R bought 2,840 shares of the business’s stock. A total of $50,069 was incurred on buying the stock at an average price of $17.63. 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 $17.98. According to the stock market information, the enterprise value for the company is $32046168064, which is based on a 17.67 price-to-earnings ratio, a 4.28 price-to-earnings-growth ratio, and a beta of 1.08. The fifty day moving average price for HBAN is $15.7156 and a two-hundred day moving average price translates $14.1373 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.
