Huntington Bancshares, Inc. (NASDAQ: HBAN) on Monday, soared 0.84% from the previous trading day, before settling in for the closing price of $15.39. Within the past 52 weeks, HBAN’s price has moved between $9.25 and $15.43.
Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '24.
Small-cap Uranium stocks are booming in 2024! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!
Get the FREE Report with all the details here.
Sponsored
Annual sales at Financial sector company grew by 16.92% over the past five years. The company achieved an average annual earnings per share of -5.50%. 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 Updates
Observing investor behavior towards Banks – Regional industry stocks is more important than anything else. The insider ownership of Huntington Bancshares, Inc. is 1.31%, while institutional ownership is 84.21%. 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) Performance Highlights and Predictions
According to the Wall Street analysts, stocks earnings will be around -5.50% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 4.55% 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 1.98. Likewise, its price to free cash flow for the trailing twelve months is 8.26.
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 1.35 in one year’s time.
Technical Analysis of Huntington Bancshares, Inc. (HBAN)
Huntington Bancshares, Inc. (NASDAQ: HBAN) saw its 5-day average volume 12.13 million, a negative change from its year-to-date volume of 16.18 million. As of the previous 9 days, the stock’s Stochastic %D was 95.81%. Additionally, its Average True Range was 0.32.
During the past 100 days, Huntington Bancshares, Inc.’s (HBAN) raw stochastic average was set at 98.30%, which indicates a significant increase from 96.18% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 22.39% in the past 14 days, which was lower than the 27.11% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $14.36, while its 200-day Moving Average is $13.59. Nevertheless, the first resistance level for the watch stands at $15.65 in the near term. At $15.77, the stock is likely to face the second major resistance level. The third major resistance level sits at $15.97. If the price goes on to break the first support level at $15.33, it is likely to go to the next support level at $15.13. Assuming the price breaks the second support level, the third support level stands at $15.01.
Huntington Bancshares, Inc. (NASDAQ: HBAN) Key Stats
Market capitalization of the company is 22.54 billion based on 1,449,254K outstanding shares. Right now, sales total 10,837 M and income totals 1,951 M. The company made 2,967 M in profit during its latest quarter, and 474,000 K in sales during its previous quarter.
