An Analysis Of Huntington Bancshares Incorporated (HBAN)’s Weekly Performance


As of Wednesday close, Huntington Bancshares Incorporated’s (NASDAQ:HBAN) stock was up $0.02, moving up 0.13 percent to $15.17. The average number of shares traded per day over the past five days has been 8,699,460 shares. 4 times new highs have been achieved over the past 5 days, with a $0.27 gain in that time frame. In the last twenty days, the average volume was 14,767,250, while in the previous 50 days, it was 19,539,299.

Since last month, HBAN stock rose 2.22%. Shares of the company fell to $14.54 on 10/24/22, 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 $11.67. Since the beginning of this year, HBAN’s stock price has dropped by -1.62% or -$0.25, and marked a new high 8 times. However, the stock has declined by -14.73% since its 52-week high.

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HBAN stock investors should be aware that Huntington Bancshares Incorporated (HBAN) stock had its last reported insider trading activity 10 days ago on Nov 15. Dennis Donald Lee, the Executive V.P. of the company, disposed of 2,100 shares for $15.14 on Nov 15. It resulted in a $31,786 divestment by the insider. Houston Helga sold 47,000 shares at an average price of $15.14 on Nov 15. The insider now owns 452,888 shares following the transaction. On Nov 10, Senior Exec. V.P. Kleinman Scott D sold 12,322 shares at $15.50 apiece. The transaction was valued at $190,991.

Valuation Metrics

Right now, Huntington Bancshares Incorporated (HBAN) has a P/E ratio of about 11.80. The stock’s beta is 1.15. Besides these, the trailing price-to-sales (P/S) ratio of 4.10, the price-to-book (PB) ratio of 1.46, and the price-to-cash flow ratio of 10.75 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 0.50, and the total debt-to-equity ratio was 0.50. In the year ended September 29, operating margins totaled 90.80%. 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 11.80%.

In Huntington Bancshares Incorporated’s quarter-end financial report for September 29, it reported total debt of $10.17 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 $0.38 quarterly earnings, the actual figure was $0.39 per share, beating the consensus estimate by 2.60%. 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 14.85%, the RSI 9-day stood at 58.52% on 23 November.

With respect to its five-day moving average, the current Huntington Bancshares Incorporated price is up by +1.81% percent or $0.27. At present, HBAN shares trade +1.74% above its 20-day simple moving average and +25.06% percent above its 100-day simple moving average. However, the stock is currently trading approximately +9.37% above its SMA50 and -6.93% below its SMA200.

Stochastic coefficient K was 47.02% and Stochastic coefficient D was 36.14%, while ATR was 0.31. Given the Stochastic reading of 55.79% for the 14-day period, the RSI (14) reading has been calculated as 57.95%. As of today, the MACD Oscillator reading stands at 0.10, while the 14-day reading stands at -0.01.

Analyst Ratings

Huntington Bancshares Incorporated downgraded its rating on Huntington Bancshares Incorporated (NASDAQ: HBAN) to an Equal-weight in a note to investors on October 24, 2022. The analysts firm previously had an Overweight rating on the stock.Huntington Bancshares Incorporated (HBAN) has been rated Hold by analysts. According to 3 brokerage firms, HBAN is a sell, and 10 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 2 analysts rate Huntington Bancshares Incorporated stock as buy, with 5 recommending it as overweight.

With a median target price of $15.75, the current consensus forecast for the stock is $13.00 – $18.00. Based on these forecasts, analysts predict Huntington Bancshares Incorporated (HBAN) will achieve an average price target of $16.00.


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