Huntington Bancshares, Inc (NASDAQ: HBAN) is -0.74% lower on its value in year-to-date trading and has touched a low of $12.05 and a high of $18.44 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 $16.42 in the last trading session, with the day’s loss setting it -0.27%.
Currently trading at $16.15, the stock is -4.40% and -3.58% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 32.92 million and changing -1.64% at the moment leaves the stock 6.24% off its SMA200. HBAN registered 26.57% gain for a year compared to 6-month gain of 16.19%.
The stock witnessed a -4.21% loss in the last 1 month and extending the period to 3 months gives it a -9.27%, and is -2.77% 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 2.14% over the week and 2.02% over the month.
Current P/E ratio is 13.24 and Fwd P/E is 10.27. Profit margin for the company is 15.08%. Distance from 52-week low is 34.02% and -12.44% from its 52-week high. The company has generated returns on investments over the last 12 months (5.03%).
with sales reaching $1.89B over the same period.The EPS is expected to grow by 14.51% this year, but quarterly earnings will post 6.30% year-over-year. Quarterly sales are estimated to grow 7.70% in year-over-year returns.
Huntington Bancshares, Inc (HBAN) Top Institutional Holders
The shares outstanding are 1.45B, and float is at 1.44B with Short Float at 3.27%.
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
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Huntington Bancshares, Inc disclosed in a document filed with the SEC on Nov 22 ’24 that White Donnell R (Chief DEI Officer, SVP) sold a total of 2,840 shares of the company’s common stock. The trade occurred on Nov 22 ’24 and was made at $17.63 per share for $50069.0. Following the transaction, the insider now directly holds 16373.0 shares of the HBAN stock.
Still, SEC filings show that on Nov 22 ’24, White Donnell R (Officer) Proposed Sale 2,840 shares at an average price of $17.63 for $50069.0. The insider now directly holds shares of Huntington Bancshares, Inc (HBAN).
