In the past week, HBAN stock has gone down by -1.56%, with a monthly decline of -5.56% and a quarterly plunge of -1.74%. The volatility ratio for the week is 2.97%, and the volatility levels for the last 30 days are 2.50% for Huntington Bancshares Incorporated The simple moving average for the past 20 days is -2.37% for HBAN’s stock, with a -13.14% simple moving average for the past 200 days.
Is It Worth Investing in Huntington Bancshares Incorporated (NASDAQ: HBAN) Right Now?
The price-to-earnings ratio for Huntington Bancshares Incorporated (NASDAQ: HBAN) is above average at 6.90x. The 36-month beta value for HBAN is also noteworthy at 1.10. There are mixed opinions on the stock, with 4 analysts rating it as a “buy,” 2 rating it as “overweight,” 12 rating it as “hold,” and 2 rating it as “sell.”
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The average price estimated by analysts for HBAN is $12.82, which is $2.11 above than the current price. The public float for HBAN is 1.43B, and at present, short sellers hold a 2.85% of that float. The average trading volume of HBAN on September 18, 2023 was 12.46M shares.
HBAN) stock’s latest price update
Huntington Bancshares Incorporated (NASDAQ: HBAN) has seen a decline in its stock price by -1.47 in relation to its previous close of 10.86. However, the company has experienced a -1.56% decline in its stock price over the last five trading sessions. Seeking Alpha reported 2023-09-15 that Huntington Bancshares offers a unique post-crisis investment backed by robust net interest income, low non-performing assets, stable deposits, and solid capital ratios. The bank’s share price is undervalued, presenting a potential capital gain of up to 50% and an elevated 5.5% dividend yield. Through strategic expansion and digital innovation, HBAN is enhancing customer engagement and operational efficiency.
Analysts’ Opinion of HBAN
Many brokerage firms have already submitted their reports for HBAN stocks, with JP Morgan repeating the rating for HBAN by listing it as a “Neutral.” The predicted price for HBAN in the upcoming period, according to JP Morgan is $13 based on the research report published on July 25, 2023 of the current year 2023.
HBAN Trading at -6.26% from the 50-Day Moving Average
After a stumble in the market that brought HBAN to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -32.02% of loss for the given period.
Volatility was left at 2.50%, however, over the last 30 days, the volatility rate increased by 2.97%, as shares sank -4.80% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +0.28% upper at present.
During the last 5 trading sessions, HBAN fell by -1.56%, which changed the moving average for the period of 200-days by -28.90% in comparison to the 20-day moving average, which settled at $10.93. In addition, Huntington Bancshares Incorporated saw -24.11% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at HBAN starting from Heller Paul G, who sale 23,817 shares at the price of $11.89 back on Aug 09. After this action, Heller Paul G now owns 505,910 shares of Huntington Bancshares Incorporated, valued at $283,215 using the latest closing price.
Houston Helga, the Senior Exec. V. P. of Huntington Bancshares Incorporated, sale 12,280 shares at $11.97 during a trade that took place back on Aug 09, which means that Houston Helga is holding 594,564 shares at $146,992 based on the most recent closing price.
Stock Fundamentals for HBAN
Current profitability levels for the company are sitting at:
- +35.08 for the present operating margin
The net margin for Huntington Bancshares Incorporated stands at +28.40. The total capital return value is set at 9.68, while invested capital returns managed to touch 8.54. Equity return is now at value 14.40, with 1.20 for asset returns.
Based on Huntington Bancshares Incorporated (HBAN), the company’s capital structure generated 68.32 points at debt to equity in total, while total debt to capital is 40.59. Total debt to assets is 6.62, with long-term debt to equity ratio resting at 59.86. Finally, the long-term debt to capital ratio is 31.21.
When we switch over and look at the enterprise to sales, we see a ratio of 2.17, with the company’s debt to enterprise value settled at 0.43. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.05.
Conclusion
In summary, Huntington Bancshares Incorporated (HBAN) has had a bad performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
