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Brendan A. Lawlor, Executive Vice President and Chief Credit Officer at Huntington Bancshares Inc. (NASDAQ:HBAN), a $23.54 billion market cap bank that has maintained dividend payments for 55 consecutive years, recently reported selling 1,467 shares of common stock. According to InvestingPro analysis, the stock appears undervalued despite its impressive 21.36% return over the past year. The transaction, dated March 3, 2025, was executed at a price of $16.54 per share, resulting in a total sale value of $24,264. This sale was conducted under a Rule 10b5-1 trading plan that Lawlor adopted in August 2024.
Prior to this sale, on February 28, 2025, Lawlor had 1,279 shares withheld to satisfy tax obligations related to the vesting of a restricted stock unit award. These shares were valued at $16.47 each, totaling $21,065. Following the transactions, Lawlor holds 31,921.07 shares directly.
In other recent news, Huntington Bancshares has seen a series of updates from various financial analysts. Truist Securities increased its price target for the bank to $21.00, up from $19.00, while maintaining a Buy rating. This adjustment reflects a positive outlook on Huntington’s earnings potential, with revised earnings per share (EPS) estimates for 2025 and 2026. DA Davidson, while maintaining a Buy rating, slightly reduced its price target to $20.50 due to a minor adjustment in EPS forecast for 2026. Despite this, the firm remains confident in the bank’s operational advancements and market expansion efforts.
Evercore ISI also raised its price target for Huntington Bancshares to $20.00, maintaining an Outperform rating, citing strong loan and deposit trends and positive operating leverage. The bank’s strategic expansion into new markets, including Texas and the Carolinas, has been highlighted by Truist Securities, emphasizing its strong market presence in Ohio and Michigan. Huntington Bancshares is expected to benefit from higher net interest margins due to a favorable federal funds rate, as noted by Truist Securities. The bank’s focus on organic growth and operational efficiency aligns with its strategic goals, as observed by DA Davidson. These developments underscore the bank’s commitment to sustainable growth and long-term performance.
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