Notable developments have emerged from Huntington Bancshares Incorporated (NASDAQ:HBAN). Key stakeholders continue divesting their shares, as both Brendan A. Lawlor and Helga Houston recently sold 9,050 and 11,288 Huntington shares respectively. Nevertheless, financial institutions like Lazard Asset Management and Bessemer Group are increasing their shareholding, with Lazard purchasing 173,295 new shares. Generally, the firm’s stock performance was lacklustre compared to competitors on various days.
However, the bank had a strong Q2 2024 performance with higher than expected Earnings Per Share (EPS) and growth in loans and deposits reported. Also, it declared a cash dividend on its Series I Preferred Stock and a recent dividend of $0.155. Huntington has a consensus recommendation of 'Moderate Buy' and several upgrades were granted with a positive outlook on loan growth expectations. Still, the company warned of lower net interest income affecting future earnings. The bank is also expanding into Texas despite an FDIC charge and weakness in interest income.
Huntington Bancshares HBAN News Analytics from Thu, 21 Dec 2023 11:41:45 GMT to Sat, 03 Aug 2024 14:37:23 GMT - Rating -3 - Innovation -4 - Information 8 - Rumor 4
