Notable Stock to Watch: Huntington Bancshares (NASDAQ:HBAN)

Huntington Bancshares (NASDAQ:HBAN) spotted trading -5.28% off 52-week high price. On the other end, the stock has been noted 27.52% away from the low price over the last 52-weeks. The stock changed -0.14% to recent value of $14.18. The stock transacted 5305577 shares during most recent day however it has an average volume of 8160.28K shares. The company has 1044.8M of outstanding shares and 1028.41M shares were floated in the market.

On Oct. 17, 2019, Huntington Bancshares (NASDAQ:HBAN) released that Zachary J. Wasserman will become Huntington’s senior executive vice president and chief financial officer, effective November 4, 2019. In this role, Wasserman will be responsible for finance, strategic planning, mergers and acquisitions, investor relations, treasury, tax and accounting. He will report to Stephen D. Steinour, chairman, president and CEO of Huntington.

Wasserman succeeds Howell D. Mac McCullough, who previously announced his planned retirement after more than five years as Huntington’s CFO. McCullough’s retirement is effective on December 31, 2019, providing time for a smooth transition for Wasserman.

Wasserman joins Huntington from Visa, where he served as CFO for the company’s North American business. In this role, he led all aspects of financial management, including financial planning and analysis, strategic planning, fintech initiatives, mergers and acquisitions and portfolio optimization.

Zach is an inspiring, results-driven leader whose deep insights and experience will benefit Huntington’s shareholders and customers alike, Steinour said. His proven experience in financial leadership and innovation will help us sustain high levels of performance.

Its earnings per share (EPS) expected to touch remained 37.40% for this year while earning per share for the next 5-years is expected to reach at 6.59%. HBAN has an operating margin of 72.10% while its profit margin remained 32.40% for the last 12 months.

The price moved ahead of 0.87% from the mean of 20 days, 4.03% from mean of 50 days SMA and performed 4.77% from mean of 200 days price. Company’s performance for the week was 3.28%, -2.81% for month and YTD performance remained 18.96%.

Leave a Reply

Your email address will not be published. Required fields are marked *