Huntington Bancshares Incorporated (NASDAQ: HBAN) is -13.04% lower on its value in year-to-date trading and has touched a low of $11.67 and a high of $17.79 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The HBAN stock was last observed hovering at around $13.72 in the last trading session, with the day’s loss setting it -0.31% off its average median price target of $15.00 for the next 12 months. It is also 21.12% off the consensus price target high of $17.00 offered by 20 analysts, but current levels are -21.91% lower than the price target low of $11.00 for the same period.
Currently trading at $13.41, the stock is -2.58% and -1.05% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 21.85 million and changing -2.26% at the moment leaves the stock -5.78% off its SMA200. HBAN registered -7.52% loss for a year compared to 6-month loss of -10.54%.
The stock witnessed a -2.26% gain in the last 1 month and extending the period to 3 months gives it a 12.31%, and is -5.96% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.01% over the week and 2.85% over the month.
Huntington Bancshares Incorporated (HBAN) has around 19866 employees, a market worth around $20.12B and $4.91B in sales. Current P/E ratio is 11.93 and Fwd P/E is 8.90. Profit margin for the company is 33.60%. Distance from 52-week low is 14.91% and -24.62% from its 52-week high. The company has generated returns on investments over the last 12 months (15.70%).
Huntington Bancshares Incorporated (HBAN) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Huntington Bancshares Incorporated (HBAN) is a “Hold”. 20 analysts offering their recommendations for the stock have an average rating of 2.60, where 8 rate it as a Hold and 3 think it is a “Overweight”. 6 of the analysts rate the stock as a “Buy”. 3 analysts have rated the stock as a Sell or Underperform.
The EPS is expected to grow by 29.10% this year
Huntington Bancshares Incorporated (HBAN) Top Institutional Holders
The shares outstanding are 1.44B, and float is at 1.43B with Short Float at 2.64%.
Huntington Bancshares Incorporated (HBAN) Insider Activity
A total of 104 insider transactions have happened at Huntington Bancshares Incorporated (HBAN) in the last six months, with sales accounting for 54 and purchases happening 50 times. The most recent transaction is an insider sale by Wasserman Zachary Jacob, the company’s CFO and Senior Exec. V.P. SEC filings show that Wasserman Zachary Jacob sold 11,618 shares of the company’s common stock on Aug 16 at a price of $14.36 per share for a total of $0.17 million. Following the sale, the insider now owns 0.23 million shares.
Huntington Bancshares Incorporated disclosed in a document filed with the SEC on Jul 27 that TORGOW GARY (Director) bought a total of 19,382 shares of the company’s common stock. The trade occurred on Jul 27 and was made at $12.90 per share for $0.25 million. Following the transaction, the insider now directly holds 0.89 million shares of the HBAN stock.
Still, SEC filings show that on May 31, Wasserman Zachary Jacob (CFO and Senior Exec. V.P.) disposed off 5,456 shares at an average price of $13.72 for $74856.0. The insider now directly holds 207,777 shares of Huntington Bancshares Incorporated (HBAN).
Huntington Bancshares Incorporated (HBAN): Who are the competitors?
The company’s main competitors (and peers) include JPMorgan Chase & Co. (JPM) that is trading -28.67% down over the past 12 months and Bank of America Corporation (BAC) that is -19.03% lower over the same period. Wells Fargo & Company (WFC) is -11.81% down on the 1-year trading charts.