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These Numbers Show Favorable Signs for Huntington Bancshares, Inc. (HBAN)

Huntington Bancshares, Inc. (NASDAQ: HBAN) is 6.92% higher on its value in year-to-date trading and has touched a low of $9.13 and a high of $13.97 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The HBAN stock was last observed hovering at around $13.73 in the last trading session, with the day’s loss setting it -0.13%.

Currently trading at $13.60, the stock is 1.31% and 4.40% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 16.84 million and changing -0.95% at the moment leaves the stock 16.89% off its SMA200. HBAN registered 22.08% gain for a year compared to 6-month gain of 30.77%.

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The stock witnessed a 5.02% loss in the last 1 month and extending the period to 3 months gives it a 6.92%, and is 1.72% up 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 1.80% over the week and 2.14% over the month.

Current P/E ratio is 10.99 and Fwd P/E is 9.70. Profit margin for the company is 16.87%. Distance from 52-week low is 48.96% and -2.65% from its 52-week high. The company has generated returns on investments over the last 12 months (5.66%).

Huntington Bancshares, Inc. quarterly earnings per share for the current quarter are estimated at $0.26 with sales reaching $1.76B over the same period.The EPS is expected to shrink by -1.75% this year, but quarterly earnings will post -0.10% year-over-year. Quarterly sales are estimated to shrink -8.90% in year-over-year returns.

Huntington Bancshares, Inc. (HBAN) Top Institutional Holders

1,222 institutions hold shares in Huntington Bancshares, Inc. (HBAN), with institutional investors hold 82.84% of the company’s shares. The shares outstanding are 1.45B, and float is at 1.44B with Short Float at 2.95%. Institutions hold 82.07% of the Float.

The top institutional shareholder in the company is Vanguard Group Inc with over 170.86 million shares valued at $1.84 billion. The investor’s holdings represent 11.80% of the HBAN Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 133.03 million shares valued at $1.43 billion to account for 9.19% of the shares outstanding. The other top investors are State Street Corporation which holds 73.23 million shares representing 5.06% and valued at over $789.45 million, while Price (T.Rowe) Associates Inc holds 4.36% of the shares totaling 63.1 million with a market value of $680.26 million.

Huntington Bancshares, Inc. (HBAN) Insider Activity

The most recent transaction is an insider sale by CRANE ANN B,the company’sDirector. SEC filings show that CRANE ANN B sold 58,000 shares of the company’s common stock on Mar 08 ’24 at a price of $13.54 per share for a total of $0.79 million. Following the sale, the insider now owns 0.19 million shares.

Huntington Bancshares, Inc. disclosed in a document filed with the SEC on Feb 20 ’24 that Tutkovics Julie C (Senior Exec. V.P.) sold a total of 15,541 shares of the company’s common stock. The trade occurred on Feb 20 ’24 and was made at $12.68 per share for $0.2 million. Following the transaction, the insider now directly holds 0.3 million shares of the HBAN stock.

Still, SEC filings show that on Jan 30 ’24, Houston Helga (Senior Exec. V. P.) disposed off 28,700 shares at an average price of $13.17 for $0.38 million. The insider now directly holds 568,222 shares of Huntington Bancshares, Inc. (HBAN).

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