The investment firm Creative Planning recently acquired 35,046 shares of Huntington Bancshares Incorporated. Despite experiencing losses on a particular day, the company's stock outperformed its competitors. Several analysts have provided their ratings for the company, and it's interesting to note that investors have seen a 3.3% increase in the past week. However, earnings have seen a decline over the last year. The company has declared a cash dividend on its Series I Preferred Stock, but has also decreased its prime rate to 8 percent. In a move towards expanding its footprint, particularly in North & South Carolina, Huntington Bancshares has named Timothy Miller its Chief Communications Officer. As Huntington's Q2 earnings exceeded estimates, they now look forward to the company's next quarterly earnings report.
The company's stock has risen due to numerous upgrades but this growth may face possible headwinds. While some shares were sold, leading to a slight slump in stock, the company remains favored by institutional owners who hold 84% of it.
A SWOT analysis indicates headwinds and opportunities, and the company plans to present at the 2024 Barclays Global Financial Services Conference. Despite a 5% stock drop on Monday, it posted strong Q2 results.
Huntington Bancshares HBAN News Analytics from Mon, 11 Dec 2023 08:00:00 GMT to Sat, 05 Oct 2024 11:42:12 GMT - Rating 5 - Innovation 3 - Information 5 - Rumor -2
