Huntington Bancshares, Inc (NASDAQ: HBAN) on Monday, plunged -1.28% from the previous trading day, before settling in for the closing price of $18.01. Within the past 52 weeks, HBAN’s price has moved between $11.10 and $18.44.
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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. The company achieved an average annual earnings per share of -3.65%. With a float of $1.44 billion, this company’s outstanding shares have now reached $1.45 billion.
In terms of profitability, gross margin is 105.29%, operating margin of 20.27%, and the pretax margin is 19.55%.
Huntington Bancshares, Inc (HBAN) Insider and Institutional Ownership
Observing investor behavior towards Banks – Regional industry stocks is more important than anything else. The insider ownership of Huntington Bancshares, Inc is 1.21%, while institutional ownership is 84.90%. The most recent insider transaction that took place on Nov 27 ’24, was worth 51,510. Before that another transaction happened on Nov 22 ’24, when Company’s Chief DEI Officer, SVP sold 2,840 for $17.63, making the entire transaction worth $50,069. This insider now owns 16,373 shares in total.
Huntington Bancshares, Inc (HBAN) Latest Financial update
As on 9/30/2024, Multinational firm has announced its last quarter scores, in which it reported 0.27 earnings per share (EPS) for the period topping the consensus outlook (set at 0.27) by 0. 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 -3.65% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 4.13% 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 2.23. Likewise, its price to free cash flow for the trailing twelve months is 19.45.
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 1.35 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 10.0 million. That was inferior than the volume of 15.94 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 52.53%. Additionally, its Average True Range was 0.38.
During the past 100 days, Huntington Bancshares, Inc’s (HBAN) raw stochastic average was set at 87.83%, which indicates a significant increase from 38.70% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 15.06% in the past 14 days, which was lower than the 30.49% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $16.05, while its 200-day Moving Average is $14.27. However, in the short run, Huntington Bancshares, Inc’s stock first resistance to watch stands at $18.00. Second resistance stands at $18.21. The third major resistance level sits at $18.34. If the price goes on to break the first support level at $17.65, it is likely to go to the next support level at $17.52. The third support level lies at $17.31 if the price breaches the second support level.
Huntington Bancshares, Inc (NASDAQ: HBAN) Key Stats
Market capitalization of the company is 25.83 billion based on 1,452,811K outstanding shares. Right now, sales total 10,837 M and income totals 1,951 M. The company made 3,078 M in profit during its latest quarter, and 517,000 K in sales during its previous quarter.
