On Tuesday, Huntington Bancshares, Inc. (NASDAQ: HBAN) opened higher 0.98% from the last session, before settling in for the closing price of $13.28. Price fluctuations for HBAN have ranged from $9.25 to $15.24 over the past 52 weeks.
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During the last 5-year period, the sales growth of Financial Sector giant was 16.92%. Company’s average yearly earnings per share was noted -4.37% at the time writing. With a float of $1.43 billion, this company’s outstanding shares have now reached $1.45 billion.
Huntington Bancshares, Inc. (HBAN) Insider Activity
A key investor’s attitude towards the stock of the Banks – Regional industry is another important factor to consider. The insider ownership of Huntington Bancshares, Inc. is 1.29%, while institutional ownership is 81.98%. The most recent insider transaction that took place on Jul 29 ’24, was worth 169,546. Before that another transaction happened on Jul 29 ’24, when Company’s Officer proposed sale 9,050 for $15.06, making the entire transaction worth $136,294.
Huntington Bancshares, Inc. (HBAN) Earnings and Forecasts
Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.31 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -4.37% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 4.90% 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
Check out the current performance indicators for Huntington Bancshares, Inc. (HBAN). In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.71. Likewise, its price to free cash flow for the trailing twelve months is 7.14.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.05, a number that is poised to hit 0.30 in the next quarter and is forecasted to reach 1.38 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 18.09 million, which is a jump from its year-to-date volume of 17.51 million. As of the previous 9 days, the stock’s Stochastic %D was 14.85%. Additionally, its Average True Range was 0.40.
During the past 100 days, Huntington Bancshares, Inc.’s (HBAN) raw stochastic average was set at 42.57%, which indicates a significant increase from 18.98% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 34.37% in the past 14 days, which was higher than the 26.57% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $13.55, while its 200-day Moving Average is $12.80. However, in the short run, Huntington Bancshares, Inc.’s stock first resistance to watch stands at $13.60. Second resistance stands at $13.79. The third major resistance level sits at $14.00. If the price goes on to break the first support level at $13.20, it is likely to go to the next support level at $12.99. Should the price break the second support level, the third support level stands at $12.80.
Huntington Bancshares, Inc. (NASDAQ: HBAN) Key Stats
There are currently 1,449,254K shares outstanding in the company with a market cap of 19.48 billion. Presently, the company’s annual sales total 10,837 M according to its annual income of 1,951 M. Last quarter, the company’s sales amounted to 2,967 M and its income totaled 474,000 K.
