Analysts Issue Research Notes On Huntington Bancshares Incorporated (HBAN)

MDVL Stock
MDVL Stock

Huntington Bancshares Incorporated (NASDAQ:HBAN) finished Thursday with a subtraction of -$0.31 to close at $13.41, a downside of -2.26 percent. An average of 23,250,779 shares of common stock have been traded in the last five days. There was a fall of -$0.85 in the past week, and it reached a new high 19 times over the past 12 months. The last 20 days have seen an average of 17,850,770 shares traded, while the 50-day average volume stands at 13,590,134.

HBAN stock has decreased by -2.26% in the last month. The company shares reached their 1-month lowest point of $12.96 on 09/06/22. With the stock rallying to its 52-week high on 01/18/22, shares of the company touched a low of $11.67 and a high of $17.79 in 52 weeks. It has reached a new high 8 times so far this year and lost -13.04% or -$2.01 in price. In spite of this, the price is down -24.62% from the 52-week high.

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Insider Transactions

38 days have passed since Huntington Bancshares Incorporated (HBAN) last reported insider trading activity. Wasserman Zachary Jacob, who is CFO and Senior Exec. V.P., most recently acquired $11,618 shares at $14.36 per share on Aug 16. In this transaction, the insider spent $166,846. CFO and Senior Exec. V.P., Wasserman Zachary Jacob, disposed of 5,456 shares at a price of $13.72 on May 31. The insider now owns more than $74,856 worth of shares. Prior to that, Senior Exec. V. P. Houston Helga went on to Sale 28,166 shares at $13.77 each on May 31. An amount of $387,846 was transacted.

Valuation Metrics

Huntington Bancshares Incorporated (HBAN) has a trailing price-to-earnings (P/E) ratio of 11.93. The stock’s beta is 1.17. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 4.09, the price-to-book (PB) ratio at 1.22, and the price-to-cash flow ratio at 11.59.

The company has a payout ratio of 53.30%. The company’s most recent quarterly dividend payment was $0.1550 a share, without any change from last year. Its latest increase dividend $0.0050 reported on Friday October 22 2021.

Financial Health

Further, the company has a long term debt to equity ratio of 0.48 and a total debt to equity ratio of 0.48 for the quarter ending June 29. Its gross profit as reported stood at $4.1 billion compared to revenue of $4.19 billion.

Earnings Surprise

For the three-month period that ended June 29, Huntington Bancshares Incorporated had $7.87 billion in total debt. The analyst consensus anticipated Huntington Bancshares Incorporated’s latest quarter earnings to come in at $0.34 per share, but it turned out to be $0.35, a 2.90% surprise. At the end of the quarter ending June 29, Huntington Bancshares Incorporated’s stock balance sheet showed total debt was $11.6 billion. Shareholders own equity worth $1.44 billion.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Huntington Bancshares Incorporated (HBAN) price momentum. RSI 9-day as of the close on 22 September was 40.51%, suggesting the stock is Neutral, with historical volatility in this time frame at 36.67%.

As of today, HBAN’s price is $13.75 -5.96% or -$0.85 from its 5-day moving average. HBAN is currently trading -2.40% lower than its 20-day SMA and +1.98% higher than its 100-day SMA. However, the stock’s current price level is +10.55% above the SMA50 and -12.07% below the SMA200.

The stochastic %K and %D were 44.24% and 52.67%, respectively, and the average true range (ATR) was 0.43. With the 14-day stochastic at 27.78% and the average true range at 0.41, the RSI (14) stands at 44.53%. The stock has reached -0.25 on the 9-day MACD Oscillator while the 14-day reading was at -0.16.

Analyst Ratings

Argus upgraded Huntington Bancshares Incorporated (NASDAQ: HBAN) to a a Buy rating in its most recent analyst report. Previously, the stock was rated as a Hold.


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