Huntington Bancshares, Inc. (NASDAQ: HBAN)’s stock price has dropped by -1.33 in relation to previous closing price of 13.49. Nevertheless, the company has seen a loss of -2.13% in its stock price over the last five trading days. Zacks Investment Research reported 2024-04-12 that Huntington Bancshares (HBAN) doesn’t possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Is It Worth Investing in Huntington Bancshares, Inc. (NASDAQ: HBAN) Right Now?
The price-to-earnings ratio for Huntington Bancshares, Inc. (NASDAQ: HBAN) is above average at 10.75x. The 36-month beta value for HBAN is also noteworthy at 1.12. There are mixed opinions on the stock, with 8 analysts rating it as a “buy,” 7 rating it as “overweight,” 11 rating it as “hold,” and 0 rating it as “sell.”
The public float for HBAN is 1.44B, and at present, short sellers hold a 1.88% of that float. The average trading volume of HBAN on April 15, 2024 was 17.74M shares.
HBAN’s Market Performance
HBAN’s stock has seen a -2.13% decrease for the week, with a -0.97% drop in the past month and a 4.64% gain in the past quarter. The volatility ratio for the week is 1.91%, and the volatility levels for the past 30 days are at 2.16% for Huntington Bancshares, Inc. The simple moving average for the last 20 days is -1.41% for HBAN’s stock, with a simple moving average of 13.21% for the last 200 days.
Analysts’ Opinion of HBAN
Many brokerage firms have already submitted their reports for HBAN stocks, with Jefferies repeating the rating for HBAN by listing it as a “Buy.” The predicted price for HBAN in the upcoming period, according to Jefferies is $16 based on the research report published on April 08, 2024 of the current year 2024.
BofA Securities, on the other hand, stated in their research note that they expect to see HBAN reach a price target of $16, previously predicting the price at $14. The rating they have provided for HBAN stocks is “Buy” according to the report published on April 08th, 2024.
DA Davidson gave a rating of “Buy” to HBAN, setting the target price at $15.50 in the report published on February 27th of the current year.
HBAN Trading at 1.29% 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 -5.40% of loss for the given period.
Volatility was left at 2.16%, however, over the last 30 days, the volatility rate increased by 1.91%, as shares surge +1.91% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +4.56% upper at present.
During the last 5 trading sessions, HBAN fell by -2.13%, which changed the moving average for the period of 200-days by +26.28% in comparison to the 20-day moving average, which settled at $13.51. In addition, Huntington Bancshares, Inc. saw 4.64% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at HBAN starting from CRANE ANN B, who sale 58,000 shares at the price of $13.54 back on Mar 08 ’24. After this action, CRANE ANN B now owns 192,247 shares of Huntington Bancshares, Inc., valued at $785,140 using the latest closing price.
Tutkovics Julie C, the Senior Exec. V.P. of Huntington Bancshares, Inc., sale 15,541 shares at $12.68 during a trade that took place back on Feb 20 ’24, which means that Tutkovics Julie C is holding 303,455 shares at $197,060 based on the most recent closing price.
Stock Fundamentals for HBAN
Current profitability levels for the company are sitting at:
- 0.4 for the present operating margin
- 1.0 for the gross margin
The net margin for Huntington Bancshares, Inc. stands at 0.26. The total capital return value is set at 0.02. Equity return is now at value 10.52, with 1.05 for asset returns.
Based on Huntington Bancshares, Inc. (HBAN), the company’s capital structure generated 0.39 points at debt to capital in total, while cash flow to debt ratio is standing at 0.21. The debt to equity ratio resting at 0.64. The interest coverage ratio of the stock is 0.85.
Currently, EBITDA for the company is 2.36 billion with net debt to EBITDA at 0.64. When we switch over and look at the enterprise to sales, we see a ratio of 2.89. The receivables turnover for the company is 1.09for trailing twelve months and the total asset turnover is 0.04. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.09.
Conclusion
In summary, Huntington Bancshares, Inc. (HBAN) has had a mixed performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
