The various updates about Huntington Bancshares (HBAN) include multiple dividend declarations for Series I Preferred Stock and sales of significant share quantities by entities like Geneos Wealth Management and Marcy C. Hingst. The company lowered some stock positions, including those held by Adage Capital Partners and Aspen Investment Management, whereas others increased their holdings, including Royal Bank of Canada and CTC Alternative Strategies. The bank revealed future growth strategies and made key presentations at industry conferences. A notable event is the acquisition of rival Veritex in a $1.9 billion deal, marking a significant expansion effort into Texas. Furthermore, HBAN expanded its footprint in North Hills, Raleigh, while reporting strong financial performance and higher earnings with US$1,467 Million Net Interest Income. The bank is also focusing on strong loan growth and upgraded its NII guidance. The company’s strong performance has led to ratings upgrades, and in some cases, target price increases.
Huntington Bancshares HBAN News Analytics from Fri, 17 Jan 2025 08:00:00 GMT to Sat, 13 Sep 2025 19:16:44 GMT -
Rating 5
- Innovation -2
- Information 8
- Rumor -3
