American International Group Inc. and
NBC Securities Inc. have reduced their stock positions in
Huntington Bancshares Incorporated (HBAN). Nonetheless, other firms like
Nomura Holdings Inc., First Hawaiian Bank, Banque Cantonale Vaudoise, and
Los Angeles Capital Management LLC, have increased their stakes in HBAN.
Q2 earnings beat estimates with revenue rise, but the company's stock saw some underperformance on several trading days despite occasional gains. Their
net interest income forecast has been lowered, impacting the stock's performance.
Dividend yield remains an appealing factor for retention of HBAN stock. The company has announced a cash dividend on their Series I preferred stock, further providing value to investors.
Short interest has dropped in May, and their stock has been upgraded due to expectations of loan growth. However, they experienced underperformance relative to peers and was downgraded by certain analyst sectors. Huntington plans to expand its footprint in
Texas, but its Q4 earnings saw a decline amid market challenges. Going forward, shareholders will need to observe the predictions and actions of Wall Street analysts closely.
Huntington Bancshares HBAN News Analytics from Thu, 21 Dec 2023 11:41:45 GMT to Sun, 23 Jun 2024 12:12:29 GMT -
Rating 1
- Innovation -4
- Information 4
- Rumor -5
