The stock of Huntington Bancshares Incorporated (NASDAQ:HBAN) increased by $0.17 on Monday to finish at $11.02, up 1.57 percent. The last five days have seen an average of 8,836,900 shares of common stock traded. 13 times new highs were reached in the current year, with a fall of -$3.08. The average number of shares traded over the last 20 days was 10,333,425, while the average volume over the last 50 days totaled 12,023,450.
HBAN stock dropped -9.45% since last month. On 08/23/23, the company’s shares reached a one-month low of $10.59. The stock touched a high of $15.74 on 02/07/23, after rallying from a low of $9.13 in 52 weeks. The price of HBAN stock has declined by -21.84% or -$3.08 this year, reaching a new high 13 times. Still, the stock price is down -29.99% from the 52-week high.
Insider Transactions
HBAN stock investors should be aware that Huntington Bancshares Incorporated (HBAN) stock had its last reported insider trading activity 20 days ago on Aug 09. On Aug 09, Sr. EVP & Chief Technology Off Heller Paul G sold 23,817 shares at $11.89 each. This transaction resulted in the insider making $283,215. On Aug 09, Houston Helga sold 12,280 shares at a price of US$11.97. After the transaction, the insider now owns 594,564 shares. Director Diaz-Granados Rafael had earlier bought 200 shares on May 31 for $10.35 a share. The transaction was completed for $2,070.
Valuation Metrics
Huntington Bancshares Incorporated (HBAN) has a trailing price-to-earnings (P/E) ratio of 7.11. Beta for the stock is 1.11. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 2.09, the price-to-book (PB) ratio of 0.98, and the price-to-cash flow ratio of 5.72.
Company paid $0.1550 per share in dividends, remained unchanged from $0.1550 last year. A $0.0050 dividend increase was reported on Friday October 22 2021.
Financial Health
The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.55, and the total debt to equity ratio is 0.55. Huntington Bancshares Incorporated’s operating margin stood at 68.20% for the same period. Based on annual data, it had gross profit of $5.27 billion and revenue of $5.97 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. HBAN’s return on assets (ROA) during the last 12 months has been 1.20%. There was a 17.80% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 14.40%.
Earnings Surprise
According to Huntington Bancshares Incorporated’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. It was predicted that Huntington Bancshares Incorporated’s quarterly earnings would be $0.35, but it ended up being $0.34, beating the consensus by 2.90%. At the end of Huntington Bancshares Incorporated’s most recent quarter ended June 29, its total debt was $17.41 billion. Equity owned by shareholders amounts to $1.45 billion.
Technical Picture
Here’s a quick look at Huntington Bancshares Incorporated’s (HBAN) price momentum from a technical perspective. As of 28 August, the RSI 9-day stood at 39.36%, suggesting the stock is Neutral, with a 28.68% historical volatility rate.
The stochastic %K and %D were 22.55% and 18.95% respectively, while the average true range (ATR) was 0.28. Based on the 14-day stochastic reading of 29.45%, the RSI (14) reading is 41.17%. On the 9-day MACD Oscillator, the stock is at -0.08, and the 14-day reading is at -0.35.
Analyst Ratings
In its most recent analyst report, JP Morgan raised its rating on Huntington Bancshares Incorporated (NASDAQ: HBAN) to a Neutral. Prior to this, analysts firm rated the stock as an Underweight. Analysts have assigned Huntington Bancshares Incorporated (HBAN) an Hold rating. HBAN is a stock that is recommended for selling by 2 brokerage firms, while 12 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 2 rates it overweight and 4 others recommend it as a buy.
What is HBAN’s price target for the next 12 months?
The current consensus forecast for the stock is between $11.00 and $15.00, with a median target price of $13.00. In analyzing these forecasts, the average price target given by analysts for Huntington Bancshares Incorporated (HBAN) is $12.84.
