As of Thursday close, Huntington Bancshares Incorporated’s (NASDAQ:HBAN) stock was down -$0.09, moving down -0.79 percent to $11.24. The average number of shares traded per day over the past five days has been 11,408,200 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.72 fall in that time frame. In the last twenty days, the average volume was 12,496,285, while in the previous 50 days, it was 13,280,016.
Since last month, HBAN stock retreated -5.39%. Shares of the company fell to $11.21 on 08/16/23, 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 -20.28% or -$2.86, and marked a new high 13 times. However, the stock has declined by -28.59% since its 52-week high.
HBAN stock investors should be aware that Huntington Bancshares Incorporated (HBAN) stock had its last reported insider trading activity 9 days ago on Aug 09. Heller Paul G, the Sr. EVP & Chief Technology Off of the company, disposed of 23,817 shares for $11.89 on Aug 09. It resulted in a $283,215 divestment by the insider. Houston Helga sold 12,280 shares at an average price of $11.97 on Aug 09. The insider now owns 594,564 shares following the transaction. On May 31, Director Diaz-Granados Rafael bought 200 shares at $10.35 apiece. The transaction was valued at $2,070.
Valuation Metrics
Right now, Huntington Bancshares Incorporated (HBAN) has a P/E ratio of about 7.25. The stock’s beta is 1.10. Besides these, the trailing price-to-sales (P/S) ratio of 2.11, the price-to-book (PB) ratio of 1.00, and the price-to-cash flow ratio of 5.76 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 0.55, and the total debt-to-equity ratio was 0.55. In the year ended June 29, operating margins totaled 68.20%. 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 14.40%.
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 21.43%, the RSI 9-day stood at 29.00% on 17 August.
With respect to its five-day moving average, the current Huntington Bancshares Incorporated price is down by -6.02% percent or -$0.72. At present, HBAN shares trade -5.23% below its 20-day simple moving average and +4.27% percent above its 100-day simple moving average. However, the stock is currently trading approximately -0.27% below its SMA50 and -25.61% below its SMA200.
Stochastic coefficient K was 5.54% and Stochastic coefficient D was 10.12%, while ATR was 0.28. Given the Stochastic reading of 2.62% for the 14-day period, the RSI (14) reading has been calculated as 38.81%. As of today, the MACD Oscillator reading stands at -0.45, while the 14-day reading stands at -0.61.
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.
