The Stock Of The Week: Huntington Bancshares Incorporated (HBAN)

As of Thursday close, Huntington Bancshares Incorporated’s (NASDAQ:HBAN) stock was up $0.1, moving up 0.78 percent to $12.88. The average number of shares traded per day over the past five days has been 13,355,760 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.73 fall in that time frame. In the last twenty days, the average volume was 15,347,885, while in the previous 50 days, it was 12,897,021.

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Since last month, HBAN stock retreated -4.38%. Shares of the company fell to $12.56 on 05/12/22, the lowest level in the past month. A 52-week high of $17.79 was reached on 01/18/22 after having rallying from a 52-week low of $12.71. Since the beginning of this year, HBAN’s stock price has dropped by -16.47% or -$2.54, and marked a new high 8 times. However, the stock has declined by -27.60% since its 52-week high.

Huntington Bancshares Incorporated (HBAN) last reported insider trading activity 11 days ago on May 02. Rhodes Steven Lee, the Executive V.P. of the company, disposed of 14,705 shares for $13.28 on May 02. It resulted in a $195,285 divestment by the insider. STEINOUR STEPHEN D added 14,234 shares at an average price of $13.98 on Apr 26. The insider now owns 627,104 shares following the transaction. On Apr 26, Director King Richard H bought 2,178 shares at $13.78 apiece. The transaction was valued at $30,000.

Valuation Metrics

Right now, Huntington Bancshares Incorporated (HBAN) has a P/E ratio of about 17.79. The stock’s beta is 1.20. Besides these, the trailing price-to-sales (P/S) ratio of 4.18, the price-to-book (PB) ratio of 1.14, and the price-to-cash flow ratio of 9.94 may also be considered.

The latest dividend of $0.1550 per share was paid out, remained unchanged from last year’s $0.1550. On Friday October 22 2021, a $0.0050 dividend increase was announced.

Financial Health

According to company report, the long-term debt-to-equity ratio for the quarter ending September 29 was 0.39, and the total debt-to-equity ratio was 0.39. In the year ended September 29, operating margins totaled 92.20%. Based on annual data, HBAN earned $4.1 billion in gross profit and brought in $4.19 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 15.70%. Return on equity (ROE) for the past 12 months was 6.30%.

In Huntington Bancshares Incorporated’s quarter-end financial report for September 29, it reported total debt of $6.51 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. While analysts expected Huntington Bancshares Incorporated to report $0.32 quarterly earnings, the actual figure was $0.22 per share, beating the consensus estimate by -31.20%. The value of shareholders’ equity is $1.44 billion.

Technical Picture

This quick technical analysis looks at Huntington Bancshares Incorporated’s (HBAN) price momentum. With a historical volatility rate of 28.58%, the RSI 9-day stood at 34.19% on 12 May.

With respect to its five-day moving average, the current Huntington Bancshares Incorporated price is down by -5.36% percent or -$0.73. At present, HBAN shares trade -4.17% below its 20-day simple moving average and -13.44% percent below its 100-day simple moving average. However, the stock is currently trading approximately -14.65% below its SMA50 and -7.93% below its SMA200.

Stochastic coefficient K was 14.62% and Stochastic coefficient D was 13.51%, while ATR was 0.47. Given the Stochastic reading of 21.81% for the 14-day period, the RSI (14) reading has been calculated as 36.24%. As of today, the MACD Oscillator reading stands at -0.36, while the 14-day reading stands at -0.45.

Analyst Ratings

Stephens upgraded its rating on Huntington Bancshares Incorporated (NASDAQ: HBAN) to an Overweight in a note to investors on April 25, 2022. The analysts firm previously had an Equal-weight rating on the stock.Huntington Bancshares Incorporated (HBAN) has been rated Overweight by analysts. According to 1 brokerage firm, HBAN is a sell, and 8 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 3 analysts rate Huntington Bancshares Incorporated stock as buy, with 8 recommending it as overweight.

With a median target price of $17.00, the current consensus forecast for the stock is $14.50 – $20.00. Based on these forecasts, analysts predict Huntington Bancshares Incorporated (HBAN) will achieve an average price target of $16.94.


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