Huntington Bancshares, Inc. (NASDAQ: HBAN) has a higher price-to-earnings ratio of 12.46x compared to its average ratio. HBAN has 36-month beta value of 1.10. Analysts have mixed views on the stock, with 8 analysts rating it as a “buy,” 7 as “overweight,” 11 as “hold,” and 0 as “sell.”
The public float for HBAN is 1.43B, and currently, short sellers hold a 1.76% ratio of that float. The average trading volume of HBAN on May 06, 2024 was 17.19M shares.
HBAN) stock’s latest price update
Huntington Bancshares, Inc. (NASDAQ: HBAN)’s stock price has plunge by 0.95relation to previous closing price of 13.67. Nevertheless, the company has seen a 1.85% surge in its stock price over the last five trading sessions. Schwab Network reported 2024-04-19 that Huntington Bank (HBAN) CFO Zach Wasserman joins Diane King Hall to discuss the company’s 1Q earnings. Its adjusted EPS came in at $0.28 versus an estimated $0.25 and revenue came in at $1.75B versus $1.74B.
HBAN’s Market Performance
HBAN’s stock has risen by 1.85% in the past week, with a monthly rise of 2.07% and a quarterly rise of 9.61%. The volatility ratio for the week is 1.76% while the volatility levels for the last 30 days are 2.16% for Huntington Bancshares, Inc. The simple moving average for the past 20 days is 2.09% for HBAN’s stock, with a 15.55% simple moving average for the past 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 2.99% 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 -1.92% of loss for the given period.
Volatility was left at 2.16%, however, over the last 30 days, the volatility rate increased by 1.76%, as shares surge +1.47% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +7.31% upper at present.
During the last 5 trading sessions, HBAN rose by +1.85%, which changed the moving average for the period of 200-days by +16.16% in comparison to the 20-day moving average, which settled at $13.53. In addition, Huntington Bancshares, Inc. saw 8.49% 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 Syal Rajeev, who sale 11,155 shares at the price of $13.76 back on May 02 ’24. After this action, Syal Rajeev now owns 279,733 shares of Huntington Bancshares, Inc., valued at $153,493 using the latest closing price.
Syal Rajeev, the Senior Exec. V.P. of Huntington Bancshares, Inc., sale 11,627 shares at $13.67 during a trade that took place back on May 01 ’24, which means that Syal Rajeev is holding 329,607 shares at $158,931 based on the most recent closing price.
Stock Fundamentals for HBAN
Current profitability levels for the company are sitting at:
- 0.26 for the present operating margin
- 1.0 for the gross margin
The net margin for Huntington Bancshares, Inc. stands at 0.21. The total capital return value is set at 0.03. Equity return is now at value 9.29, with 0.92 for asset returns.
Based on Huntington Bancshares, Inc. (HBAN), the company’s capital structure generated 0.44 points at debt to capital in total, while cash flow to debt ratio is standing at 0.2. The debt to equity ratio resting at 0.78. The interest coverage ratio of the stock is 0.55.
Currently, EBITDA for the company is 2.36 billion with net debt to EBITDA at 1.53. When we switch over and look at the enterprise to sales, we see a ratio of 2.72. The receivables turnover for the company is 1.15for 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 0.11.
Conclusion
To put it simply, Huntington Bancshares, Inc. (HBAN) has had a better performance in recent times. Analysts have a bullish opinion on the stock, with some rating 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.
