Raymond James & Associates and others made notable adjustments in their
Huntington Bancshares Incorporated holdings. Despite competitive underperformance and lower instances of daily gains,
HBAN declared a cash dividend on Series I Preferred Stock and saw Q2 Earnings and Revenues surpass estimates. However, the company's shares dipped following a decreased Net Interest Income prediction for 2024, which balanced out strong Q2 performances, where both loans and deposits increased. The news resulted in varied ratings, with
StockNews.com upgrading Huntington to 'Hold' above an upgraded PT of $18.00. High expenses anticipated for their Q2 Earnings were notably offset by strong loan quality that made shares more alluring. The company managed to meet the 80-plus Relative Strength Rating benchmark twice over recent times, showing some increased technical strength. The financial institution declared the retirement of
Paul Heller, Chief Technology & Operations Officer, but saw
Zachary Wassermann (CFO) sell 33,000 shares. The company's stock remains undervalued with earnings confirming bullish predictions, yet Q2 Profit dropped by 15%. Finally,
HBAN revealed plans for expansion in Texas, and showed preparations for an FDIC Assessment.
Huntington Bancshares HBAN News Analytics from Mon, 11 Dec 2023 08:00:00 GMT to Sun, 18 Aug 2024 23:26:36 GMT -
Rating 6
- Innovation 5
- Information 8
- Rumor -3
