As of Friday close, Huntington Bancshares Incorporated’s (NASDAQ:HBAN) stock was down -$0.02, moving down -0.16 percent to $12.19. The average number of shares traded per day over the past five days has been 13,511,440 shares. 2 times new highs have been achieved over the past 5 days, with a $0.02 gain in that time frame. In the last twenty days, the average volume was 13,448,005, while in the previous 50 days, it was 13,512,130.
Since last month, HBAN stock rose 14.25%. Shares of the company fell to $10.45 on 07/06/23, the lowest level in the past month. A 52-week high of $15.74 was reached on 02/07/23 after having rallying from a 52-week low of $9.13. Since the beginning of this year, HBAN’s stock price has dropped by -13.55% or -$1.91, and marked a new high 13 times. However, the stock has declined by -22.55% since its 52-week high.
HBAN stock investors should be aware that Huntington Bancshares Incorporated (HBAN) stock had its last reported insider trading activity 66 days ago on May 31. Diaz-Granados Rafael, the Director of the company, purchased of 200 shares for $10.35 on May 31. It resulted in a $2,070 investment by the insider. TORGOW GARY added 23,680 shares at an average price of $10.56 on May 30. The insider now owns 933,816 shares following the transaction. On May 12, Sr. EVP & Chief Technology Off Heller Paul G sold 160,000 shares at $9.19 apiece. The transaction was valued at $1,470,256.
Valuation Metrics
Right now, Huntington Bancshares Incorporated (HBAN) has a P/E ratio of about 7.86. The stock’s beta is 1.09. Besides these, the trailing price-to-sales (P/S) ratio of 2.26, the price-to-book (PB) ratio of 1.08, and the price-to-cash flow ratio of 5.97 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 June 29 was 0.58, and the total debt-to-equity ratio was 0.58. In the year ended June 29, operating margins totaled 64.80%. Based on annual data, HBAN earned $5.27 billion in gross profit and brought in $5.97 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 17.80%. Return on equity (ROE) for the past 12 months was 13.60%.
In Huntington Bancshares Incorporated’s quarter-end financial report for June 29, it reported total debt of $14.71 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 $0.34 quarterly earnings, the actual figure was $0.35 per share, beating the consensus estimate by 2.90%. The value of shareholders’ equity is $1.45 billion.
Technical Picture
This quick technical analysis looks at Huntington Bancshares Incorporated’s (HBAN) price momentum. With a historical volatility rate of 18.39%, the RSI 9-day stood at 64.87% on 04 August.
With respect to its five-day moving average, the current Huntington Bancshares Incorporated price is up by +0.16% percent or $0.02. At present, HBAN shares trade +11.94% above its 20-day simple moving average and +9.62% percent above its 100-day simple moving average. However, the stock is currently trading approximately +15.76% above its SMA50 and -11.99% below its SMA200.
Stochastic coefficient K was 84.97% and Stochastic coefficient D was 86.77%, while ATR was 0.30. Given the Stochastic reading of 86.81% for the 14-day period, the RSI (14) reading has been calculated as 64.67%. As of today, the MACD Oscillator reading stands at 0.01, while the 14-day reading stands at 0.12.
Analyst Ratings
JP Morgan upgraded its rating on Huntington Bancshares Incorporated (NASDAQ: HBAN) to a Neutral in a note to investors on July 25, 2023. The analysts firm previously had an Underweight rating on the stock.Huntington Bancshares Incorporated (HBAN) has been rated Hold by analysts. According to 2 brokerage firms, HBAN is a sell, and 12 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 4 recommending it as overweight.
With a median target price of $13.00, the current consensus forecast for the stock is $11.00 – $15.00. Based on these forecasts, analysts predict Huntington Bancshares Incorporated (HBAN) will achieve an average price target of $12.87.
