Huntington Bancshares, Inc. (NASDAQ: HBAN) is 22.80% higher on its value in year-to-date trading and has touched a low of $9.43 and a high of $16.03 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 $15.77 in the last trading session, with the day’s loss setting it -0.15%.
Currently trading at $15.62, the stock is 2.74% and 5.56% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 9.29 million and changing -0.95% at the moment leaves the stock 13.65% off its SMA200. HBAN registered 65.47% gain for a year compared to 6-month gain of 15.96%. The firm has a 50-day simple moving average (SMA 50) of $14.7976 and a 200-day simple moving average (SMA200) of $13.74365.
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The stock witnessed a 6.26% loss in the last 1 month and extending the period to 3 months gives it a 4.48%, and is 0.51% 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 1.77% over the week and 2.07% over the month.
Current P/E ratio is 15.10 and Fwd P/E is 11.64. Profit margin for the company is 13.04%. Distance from 52-week low is 65.73% and -2.59% from its 52-week high. The company has generated returns on investments over the last 12 months (4.19%).
with sales reaching $1.87B over the same period.The EPS is expected to shrink by -4.01% this year, but quarterly earnings will post -1.10% year-over-year. Quarterly sales are estimated to grow 7.80% in year-over-year returns.
Huntington Bancshares, Inc. (HBAN) Top Institutional Holders
1233.0 institutions hold shares in Huntington Bancshares, Inc. (HBAN), with institutional investors hold 85.97% of the company’s shares. The shares outstanding are 1.45B, and float is at 1.43B with Short Float at 2.05%. Institutions hold 85.17% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 171.75 million shares valued at $2.26 billion. The investor’s holdings represent 11.8574% of the HBAN Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 130.34 million shares valued at $1.72 billion to account for 8.9984 of the shares outstanding. The other top investors are PRICE T ROWE ASSOCIATES INC /MD/ which holds 92.39 million shares representing 6.3782% and valued at over $1.22 billion, while STATE STREET CORP holds 4.973 of the shares totaling 72.03 million with a market value of $960.36 million.
Huntington Bancshares, Inc. (HBAN) Insider Activity
The most recent transaction is an insider sale by Houston Helga, the company’s Senior Exec. V. P. SEC filings show that Houston Helga sold 6,455 shares of the company’s common stock on Oct 23 ’24 at a price of $15.43 per share for a total of $99601.0. Following the sale, the insider now owns 0.56 million shares.
Still, SEC filings show that on Oct 15 ’24, Syal Rajeev (Form Officer) Proposed Sale 2,473 shares at an average price of $16.00 for $39568.0. The insider now directly holds shares of Huntington Bancshares, Inc. (HBAN).
