The price-to-earnings ratio for Huntington Bancshares, Inc. (NASDAQ: HBAN) is above average at 14.33x. The 36-month beta value for HBAN is also noteworthy at 1.06. 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 1.43B, and at present, short sellers hold a 2.25% of that float. The average trading volume of HBAN on July 26, 2024 was 17.21M shares.
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HBAN) stock’s latest price update
Huntington Bancshares, Inc. (NASDAQ: HBAN)’s stock price has plunge by 0.30relation to previous closing price of 15.06. Nevertheless, the company has seen a 1.65% surge in its stock price over the last five trading sessions. benzinga.com reported 2024-07-26 that Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our analyst ratings page.
HBAN’s Market Performance
HBAN’s stock has risen by 1.65% in the past week, with a monthly rise of 18.84% and a quarterly rise of 11.23%. The volatility ratio for the week is 2.38% while the volatility levels for the last 30 days are 2.32% for Huntington Bancshares, Inc. The simple moving average for the last 20 days is 9.50% for HBAN stock, with a simple moving average of 19.60% for the last 200 days.
Analysts’ Opinion of HBAN
Piper Sandler, on the other hand, stated in their research note that they expect to see HBAN reach a price target of $11.50, previously predicting the price at $13.50. The rating they have provided for HBAN stocks is “Underweight” according to the report published on June 14th, 2024.
JP Morgan gave a rating of “Overweight” to HBAN, setting the target price at $18 in the report published on May 28th of the current year.
HBAN Trading at 11.95% 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 -0.92% of loss for the given period.
Volatility was left at 2.32%, however, over the last 30 days, the volatility rate increased by 2.38%, as shares surge +17.80% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +6.92% upper at present.
During the last 5 trading sessions, HBAN rose by +1.31%, which changed the moving average for the period of 200-days by +49.50% in comparison to the 20-day moving average, which settled at $13.91. In addition, Huntington Bancshares, Inc. saw 18.75% 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 Maloney Nancy E, who sale 57,537 shares at the price of $15.15 back on Jul 23 ’24. After this action, Maloney Nancy E now owns 69,595 shares of Huntington Bancshares, Inc., valued at $871,686 using the latest closing price.
Wasserman Zachary Jacob, the CFO and Senior Exec. V.P. of Huntington Bancshares, Inc., sale 33,000 shares at $15.13 during a trade that took place back on Jul 23 ’24, which means that Wasserman Zachary Jacob is holding 265,809 shares at $499,290 based on the most recent closing price.
Stock Fundamentals for HBAN
Current profitability levels for the company are sitting at:
- 0.15 for the present operating margin
- 1.0 for the gross margin
The net margin for Huntington Bancshares, Inc. stands at 0.18. The total capital return value is set at 0.02. Equity return is now at value 8.79, with 0.87 for asset returns.
Based on Huntington Bancshares, Inc. (HBAN), the company’s capital structure generated 0.46 points at debt to capital in total, while cash flow to debt ratio is standing at 0.18. The debt to equity ratio resting at 0.85. The interest coverage ratio of the stock is 0.44.
Currently, EBITDA for the company is 2.36 billion with net debt to EBITDA at 31.92. When we switch over and look at the enterprise to sales, we see a ratio of 5.82. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.12.
Conclusion
In summary, Huntington Bancshares, Inc. (HBAN) has had a better 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.
