As new terminal nears completion, NCWV Airport gets $5M worth of good news [Yahoo! Finance]
Huntington Bancshares Incorporated (HBAN)
Last huntington bancshares incorporated earnings: 4/23 07:30 am
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Source: Yahoo! Finance
As it nears completion, the airport's terminal construction project will cost close to $54 million. However, once it's completed the airport will be less than $5 million in debt. This will be thanks to a $10 million grant awarded by Gov. Jim Justice back when the project started. At the same time, the airport was able to raise $4.7 million locally from the city and county to do the project. Bridgeport Mayor Andy Lang said governments work on the basis of completed projects when handing out grants. "As we complete the project the grants and earmarks kick in," Lang said. "They'll be paying us back. So even though it's a $10 million loan, we'll have less than $5 million amortized at the end of the project." The loan Lang refers to is an additional $10 million loan available to the airport aside from the $10 million grant and will function as a bridge loan. The money will be used to complete the final pieces of the construction project. The airport authority granted permission to a
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News
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- Huntington Bancshares Incorporated (NASDAQ: HBAN) had its price target lowered by analysts at JPMorgan Chase & Co. from $18.00 to $17.00. They now have an "overweight" rating on the stock.MarketBeat
- Exploring Top Dividend Stocks In June 2024 [Yahoo! Finance]Yahoo! Finance
- Huntington Bancshares Incorporated (NASDAQ: HBAN) was downgraded by analysts at Piper Sandler from a "neutral" rating to an "underweight" rating. They now have a $11.50 price target on the stock, down previously from $13.50.MarketBeat
HBAN
Earnings
- 4/19/24 - Beat
HBAN
Sec Filings
- 6/10/24 - Form 8-K
- 6/3/24 - Form 4
- 5/30/24 - Form 144
- HBAN's page on the SEC website