On Tuesday, Huntington Bancshares, Inc. (NASDAQ: HBAN) opened higher 1.77% from the last session, before settling in for the closing price of $15.27. Price fluctuations for HBAN have ranged from $9.25 to $16.03 over the past 52 weeks.
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A company in the Financial sector has jumped its sales by 16.92% annually for the last half of the decade. Company’s average yearly earnings per share was noted -4.05% 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 100.38%, operating margin of 19.28%, and the pretax margin is 18.63%.
Huntington Bancshares, Inc. (HBAN) Insider Updates
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 1.31%, while institutional ownership is 84.19%. The most recent insider transaction that took place on Oct 15 ’24, was worth 39,568. Before that another transaction happened on Jul 29 ’24, when Company’s Executive VP and CCO sold 9,050 for $15.06, making the entire transaction worth $136,293. This insider now owns 11,111 shares in total.
Huntington Bancshares, Inc. (HBAN) Performance Highlights and Predictions
If we go through the results of last quarter, which was made public on 9/30/2024, the company posted 0.3 earnings per share (EPS) for the quarter, besting the agreed prediction (set at 0.27) by 0.03. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.3 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -4.05% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 4.08% 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 1.94. Likewise, its price to free cash flow for the trailing twelve months is 8.27.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.03, a number that is poised to hit 0.30 in the next quarter and is forecasted to reach 1.34 in one year’s time.
Technical Analysis of Huntington Bancshares, Inc. (HBAN)
Let’s dig in a bit further. During the last 5-days, its volume was 18.42 million. That was better than the volume of 16.25 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 50.85%. Additionally, its Average True Range was 0.35.
During the past 100 days, Huntington Bancshares, Inc.’s (HBAN) raw stochastic average was set at 87.58%, which indicates a significant increase from 75.56% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 22.29% in the past 14 days, which was lower than the 27.01% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $14.61, while its 200-day Moving Average is $13.68. However, in the short run, Huntington Bancshares, Inc.’s stock first resistance to watch stands at $15.66. Second resistance stands at $15.78. The third major resistance level sits at $16.00. If the price goes on to break the first support level at $15.32, it is likely to go to the next support level at $15.10. Assuming the price breaks the second support level, the third support level stands at $14.98.
Huntington Bancshares, Inc. (NASDAQ: HBAN) Key Stats
There are currently 1,449,254K shares outstanding in the company with a market cap of 22.57 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 3,078 M and its income totaled 517,000 K.
