On Friday, Huntington Bancshares, Inc. (NASDAQ: HBAN) opened higher 2.88% from the last session, before settling in for the closing price of $14.22. Price fluctuations for HBAN have ranged from $9.25 to $15.24 over the past 52 weeks.
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It was noted that within the last five years, the titan of the Financial sector saw sales topped by 16.92%. Company’s average yearly earnings per share was noted -4.45% at the time writing. With a float of $1.43 billion, this company’s outstanding shares have now reached $1.45 billion.
In terms of profitability, gross margin is 100.42%, operating margin of 22.15%, and the pretax margin is 21.48%.
Huntington Bancshares, Inc. (HBAN) Insider and Institutional Ownership
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 1.30%, while institutional ownership is 84.23%. The most recent insider transaction that took place on Jul 29 ’24, was worth 136,293. In this transaction Executive VP and CCO of this company sold 9,050 shares at a rate of $15.06, taking the stock ownership to the 11,111 shares. Before that another transaction happened on Jul 29 ’24, when Company’s Senior Exec. V. P. sold 11,288 for $15.02, making the entire transaction worth $169,546. This insider now owns 618,832 shares in total.
Huntington Bancshares, Inc. (HBAN) Latest Financial update
According to the Wall Street analysts, stocks earnings will be around -4.45% 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 1.87. Likewise, its price to free cash flow for the trailing twelve months is 7.79.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.05, a number that is poised to hit 0.31 in the next quarter and is forecasted to reach 1.38 in one year’s time.
Technical Analysis of Huntington Bancshares, Inc. (HBAN)
The latest stats from [Huntington Bancshares, Inc., HBAN] show that its last 5-days average volume of 12.23 million was inferior to 17.04 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 91.94%. Additionally, its Average True Range was 0.34.
During the past 100 days, Huntington Bancshares, Inc.’s (HBAN) raw stochastic average was set at 80.75%, which indicates a significant decrease from 92.95% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 19.61% in the past 14 days, which was lower than the 25.98% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $13.66, while its 200-day Moving Average is $13.06. Now, the first resistance to watch is $14.82. This is followed by the second major resistance level at $15.01. The third major resistance level sits at $15.29. If the price goes on to break the first support level at $14.36, it is likely to go to the next support level at $14.08. The third support level lies at $13.89 if the price breaches the second support level.
Huntington Bancshares, Inc. (NASDAQ: HBAN) Key Stats
There are currently 1,449,254K shares outstanding in the company with a market cap of 21.25 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.
