Huntington Bancshares, Inc. (HBAN) poses a Brand-New Opportunity for Investors with beta value of 1.08

Huntington Bancshares, Inc. (NASDAQ: HBAN) started the day on Wednesday, remained unchanged at $13.48, before settling in for the price of $13.48 at the close. Taking a more long-term approach, HBAN posted a 52-week range of $9.25-$15.24.

In the past 5-years timespan, the Financial sector firm’s annual sales growth was 16.92%. Meanwhile, its Annual Earning per share during the time was 0.68%. Nevertheless, stock’s Earnings Per Share (EPS) this year is -4.24%. This publicly-traded company’s shares outstanding now amounts to $1.45 billion, simultaneously with a float of $1.43 billion. The organization now has a market capitalization sitting at $19.58 billion. At the time of writing, stock’s 50-day Moving Average stood at $13.52, while the 200-day Moving Average is $12.91.

Huntington Bancshares, Inc. (HBAN) Ownership Facts and Figures

Now let’s turn our focus to how large-scale investors are working with this stock of the Banks – Regional Industry. Huntington Bancshares, Inc.’s current insider ownership accounts for 1.30%, in contrast to 82.91% institutional ownership. According to the most recent insider trade that took place on Jul 29 ’24, this organization’s Executive VP and CCO sold 9,050 shares at the rate of 15.06, making the entire transaction reach 136,293 in total value, affecting insider ownership by 11,111. Preceding that transaction, on Jul 29 ’24, Company’s Senior Exec. V. P. sold 11,288 for 15.02, making the whole transaction’s value amount to 169,546. This particular insider is now the holder of 618,832 in total.

Huntington Bancshares, Inc. (HBAN) Earnings and Revenue Records

Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.31 per share during the current fiscal year.

Huntington Bancshares, Inc.’s EPS decrease for this current 12-month fiscal period is -4.24% and is forecasted to reach 1.38 in the upcoming year. Considering the longer run, market analysts have predicted that Company’s EPS will increase by 4.90% 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 0.37. Alongside those numbers, its PE Ratio stands at $12.82, and its Beta score is 1.08. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 1.72. Similarly, its price to free cash flow for trailing twelve months is now 7.17.

In the same vein, HBAN’s Diluted EPS (Earnings per Share) trailing twelve months is recorded 1.05, a figure that is expected to reach 0.30 in the next quarter, and analysts are predicting that it will be 1.38 at the market close of one year from today.

Technical Analysis of Huntington Bancshares, Inc. (HBAN)

If we take a close look at the recent performances of Huntington Bancshares, Inc. (NASDAQ: HBAN), its last 5-days Average volume was 11.11 million that shows plunge from its year to date volume of 17.28 million. During the previous 9 days, stock’s Stochastic %D was recorded 28.81% While, its Average True Range was 0.38.

Raw Stochastic average of Huntington Bancshares, Inc. (HBAN) in the period of the previous 100 days is set at 44.76%, which indicates a major rise in contrast to 22.42% 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 30.04% that was higher than 26.09% volatility it exhibited in the past 100-days period.