Huntington Bancshares Incorporated (NASDAQ:HBAN) remained unchanged to close Monday at $11.14 after subtracting $0.0 on the day. The 5-day average trading volume is 11,249,720 shares of the company’s common stock. It has gained $11.54 in the past week and touched a new high 1 time within the past 5 days. An average of 11,668,700 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 13,049,660.
HBAN’s 1-month performance is -5.43% or -$0.64 on its low of $11.00 reached on 08/21/23. The company’s shares have touched a 52-week low of $9.13 and high of $15.74, with the stock’s rally to the 52-week high happening on 02/07/23. YTD, HBAN has lost -20.99% or -$2.96 and has reached a new high 13 times. However, the current price is down -29.22% from the 52-week high price.
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Insider Transactions
HBAN stock investors last saw insider trading activity on Aug 09.Heller Paul G (Sr. EVP & Chief Technology Off) most recently sold 23,817 shares at $11.89 per share on Aug 09. This transaction cost the insider $283,215. Senior Exec. V. P., Houston Helga, sold 12,280 shares at a price of $11.97 on Aug 09. Then, on May 12, Sr. EVP & Chief Technology Off Heller Paul G sold 160,000 shares at a price of $9.19 per share. This transaction amounted to $1,470,256.
Valuation Metrics
HBAN stock has a beta of 1.10. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 2.11 while the price-to-book (PB) in the most recent quarter is 0.99, with the price to cash flow ratio at 5.78.
As well, the company’s long term debt to equity for the quarter ending June 29 was 0.55, while the total debt to equity was 0.55. The firm’s gross profit as reported stood at $5.27 billion against revenue of $5.97 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected HBAN to announce $0.34 per share in earnings in its latest quarter, but it posted $0.35, representing a 2.90% surprise. Shareholders hold equity totaling $1.45 billion.
Let’s look briefly at Huntington Bancshares Incorporated (HBAN) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 21 August was 26.69% to suggest the stock is trending oversold, with historical volatility in this time period at 19.30%.
The stock’s 5-day moving average is $11.23, reflecting a -4.79% or -$0.56 change from its current price. HBAN is currently trading -8.01% above its 20-day SMA, +0.18% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -0.54% and SMA200 by-27.09%.
Stochastic %K and %D was 7.08% and 6.59% and the average true range (ATR) pointed at 0.27. The RSI (14) points at 36.88%, while the 14-day stochastic is at 10.33% with the period’s ATR at 0.28. The stock’s 9-day MACD Oscillator is pointing at -0.35 and -0.57 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Huntington Bancshares Incorporated (NASDAQ: HBAN), JP Morgan upgraded it to a Neutral rating. They previously had an Underweight rating on the stock.
