Huntington Bancshares, Inc. (NASDAQ: HBAN) is 9.28% higher on its value in year-to-date trading and has touched a low of $9.25 and a high of $15.24 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 $14.03 in the last trading session, with the day’s loss setting it -0.13%.
Currently trading at $13.90, the stock is -1.59% and 2.62% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 9.12 million and changing -0.93% at the moment leaves the stock 7.10% off its SMA200. HBAN registered 24.78% gain for a year compared to 6-month gain of 8.93%.
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The stock witnessed a -7.40% loss in the last 1 month and extending the period to 3 months gives it a -0.79%, and is 3.12% 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 1.31% over the week and 2.24% over the month.
Current P/E ratio is 13.22 and Fwd P/E is 10.11. Profit margin for the company is 13.58%. Distance from 52-week low is 50.27% and -8.82% from its 52-week high. The company has generated returns on investments over the last 12 months (4.30%).
with sales reaching $1.87B over the same period.The EPS is expected to shrink by -4.45% this year, but quarterly earnings will post -0.90% year-over-year. Quarterly sales are estimated to shrink -1.00% in year-over-year returns.
Huntington Bancshares, Inc. (HBAN) Top Institutional Holders
1238.0 institutions hold shares in Huntington Bancshares, Inc. (HBAN), with institutional investors hold 86.18% of the company’s shares. The shares outstanding are 1.45B, and float is at 1.43B with Short Float at 1.99%. Institutions hold 85.38% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 170.02 million shares valued at $2.37 billion. The investor’s holdings represent 11.7378 of the HBAN Shares outstanding. As of 2024-03-31, the second largest holder is BLACKROCK INC. with 132.64 million shares valued at $1.85 billion to account for 9.1569 of the shares outstanding. The other top investors are STATE STREET CORP which holds 72.99 million shares representing 5.0387 and valued at over $1.03 billion, while CHARLES SCHWAB INVESTMENT MANAGEMENT INC holds 3.8957 of the shares totaling 56.43 million with a market value of $776.47 million.
Huntington Bancshares, Inc. (HBAN) Insider Activity
The most recent transaction is an insider sale by Lawlor Brendan A, the company’s Executive VP and CCO. SEC filings show that Lawlor Brendan A sold 9,050 shares of the company’s common stock on Jul 29 ’24 at a price of $15.06 per share for a total of $0.14 million. Following the sale, the insider now owns 11111.0 shares.
Huntington Bancshares, Inc. disclosed in a document filed with the SEC on Jul 29 ’24 that Houston Helga (Senior Exec. V. P.) sold a total of 11,288 shares of the company’s common stock. The trade occurred on Jul 29 ’24 and was made at $15.02 per share for $0.17 million. Following the transaction, the insider now directly holds 0.62 million shares of the HBAN stock.
Still, SEC filings show that on Jul 29 ’24, Lawlor Brendan A (Officer) Proposed Sale 9,050 shares at an average price of $15.06 for $0.14 million. The insider now directly holds shares of Huntington Bancshares, Inc. (HBAN).
