As on Wednesday, Huntington Bancshares, Inc. (NASDAQ: HBAN) got off with the flyer as it spiked 3.37% to $13.79, before settling in for the price of $13.34 at the close. Taking a more long-term approach, HBAN posted a 52-week range of $9.13-$13.77.
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In the past 5-years timespan, the Financial sector firm’s annual sales growth was 16.85%. Meanwhile, its Annual Earning per share during the time was 0.68%. Nevertheless, stock’s Earnings Per Share (EPS) this year is -1.32%. This publicly-traded company’s shares outstanding now amounts to $1.45 billion, simultaneously with a float of $1.44 billion. The organization now has a market capitalization sitting at $20.08 billion. At the time of writing, stock’s 50-day Moving Average stood at $12.96, while the 200-day Moving Average is $11.61.
Huntington Bancshares, Inc. (HBAN) Ownership Facts and Figures
Another important factor to analyze is how key investors are playing towards the stock of the Banks – Regional industry. Huntington Bancshares, Inc.’s current insider ownership accounts for 1.27%, in contrast to 81.65% institutional ownership. According to the most recent insider trade that took place on Mar 08 ’24, this organization’s Director sold 58,000 shares at the rate of 13.54, making the entire transaction reach 785,140 in total value, affecting insider ownership by 192,247. Preceding that transaction, on Feb 20 ’24, Company’s Senior Exec. V.P. sold 15,541 for 12.68, making the whole transaction’s value amount to 197,060. This particular insider is now the holder of 303,455 in total.
Huntington Bancshares, Inc. (HBAN) Earnings and Revenue Records
If we go through the results of last quarter, which was made public on 12/30/2023, the company posted $0.3 earnings per share (EPS) for the quarter, besting the agreed prediction (set at $0.27) by $0.03. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.3 per share during the current fiscal year.
Huntington Bancshares, Inc.’s EPS decrease for this current 12-month fiscal period is -1.32% and is forecasted to reach 1.40 in the upcoming year. Considering the longer run, market analysts have predicted that Company’s EPS will decrease by -5.50% through the next 5 years, which can be compared against the 0.68% growth it accomplished over the previous five years trading on the market.
Huntington Bancshares, Inc. (NASDAQ: HBAN) Trading Performance Indicators
Let’s observe the current performance indicators for Huntington Bancshares, Inc. (HBAN). The Stock has managed to achieve an average true range (ATR) of 0.30. Alongside those numbers, its PE Ratio stands at $11.14, and its Beta score is 1.12. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 1.86. Similarly, its price to free cash flow for trailing twelve months is now 7.42.
In the same vein, HBAN’s Diluted EPS (Earnings per Share) trailing twelve months is recorded 1.24, a figure that is expected to reach 0.26 in the next quarter, and analysts are predicting that it will be 1.40 at the market close of one year from today.
Technical Analysis of Huntington Bancshares, Inc. (HBAN)
Through scrutinizing the latest numbers posted by the [Huntington Bancshares, Inc., HBAN], it can be observed that its last 5-days Average volume of 11.94 million was lower the volume of 17.84 million, it posted the year before. During the previous 9 days, stock’s Stochastic %D was recorded 72.94% While, its Average True Range was 0.30.
Raw Stochastic average of Huntington Bancshares, Inc. (HBAN) in the period of the previous 100 days is set at 99.75%, which indicates a major rise in contrast to 99.02% during the last 2-weeks. If we go through the volatility metrics of the stock, In the past 14-days, Company’s historic volatility was 25.08% that was lower than 29.76% volatility it exhibited in the past 100-days period.
