Huntington Bancshares, Inc. (NASDAQ: HBAN) on Friday, plunged -1.33% from the previous trading day, before settling in for the closing price of $13.49. Within the past 52 weeks, HBAN’s price has moved between $9.13 and $14.07.
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During the last 5-year period, the sales growth of Financial Sector giant was 16.92%. The company achieved an average annual earnings per share of -2.24%. With a float of $1.44 billion, this company’s outstanding shares have now reached $1.45 billion.
Huntington Bancshares, Inc. (HBAN) Insider Activity
Observing investor behavior towards Banks – Regional industry stocks is more important than anything else. The insider ownership of Huntington Bancshares, Inc. is 1.27%, while institutional ownership is 81.68%. The most recent insider transaction that took place on Mar 08 ’24, was worth 785,140. In this transaction Director of this company sold 58,000 shares at a rate of $13.54, taking the stock ownership to the 192,247 shares. Before that another transaction happened on Feb 20 ’24, when Company’s Senior Exec. V.P. sold 15,541 for $12.68, making the entire transaction worth $197,060. This insider now owns 303,455 shares in total.
Huntington Bancshares, Inc. (HBAN) Earnings and Forecasts
Wall Street market experts anticipate that the next fiscal year will bring earnings of 10.57 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -2.24% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will plunge by -5.50% during the next five years compared to 0.68% growth over the previous five years of trading.
Huntington Bancshares, Inc. (NASDAQ: HBAN) Trading Performance Indicators
Huntington Bancshares, Inc. (HBAN) is currently performing well based on its current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.80. Likewise, its price to free cash flow for the trailing twelve months is 7.16.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.24, a number that is poised to hit 0.24 in the next quarter and is forecasted to reach 1.43 in one year’s time.
Technical Analysis of Huntington Bancshares, Inc. (HBAN)
Looking closely at Huntington Bancshares, Inc. (NASDAQ: HBAN), its last 5-days average volume was 17.27 million, which is a drop from its year-to-date volume of 17.53 million. As of the previous 9 days, the stock’s Stochastic %D was 21.15%. Additionally, its Average True Range was 0.31.
During the past 100 days, Huntington Bancshares, Inc.’s (HBAN) raw stochastic average was set at 77.25%, which indicates a significant increase from 7.32% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 26.50% in the past 14 days, which was lower than the 27.03% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $13.15, while its 200-day Moving Average is $11.77. However, in the short run, Huntington Bancshares, Inc.’s stock first resistance to watch stands at $13.41. Second resistance stands at $13.51. The third major resistance level sits at $13.58. If the price goes on to break the first support level at $13.24, it is likely to go to the next support level at $13.17. Should the price break the second support level, the third support level stands at $13.07.
Huntington Bancshares, Inc. (NASDAQ: HBAN) Key Stats
Market capitalization of the company is 19.38 billion based on 1,450,000K outstanding shares. Right now, sales total 10,837 M and income totals 1,951 M. The company made 2,755 M in profit during its latest quarter, and 243,000 K in sales during its previous quarter.
