Huntington Bancshares, Inc. (NASDAQ: HBAN) has a price-to-earnings ratio of 13.14x that is above its average ratio. Additionally, the 36-month beta value for HBAN is 1.08. 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 currently, short sellers hold a 1.99% ratio of that float. The average trading volume of HBAN on August 16, 2024 was 17.77M shares.
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HBAN) stock’s latest price update
The stock price of Huntington Bancshares, Inc. (NASDAQ: HBAN) has jumped by 0.33 compared to previous close of 13.77. Despite this, the company has seen a gain of 1.51% in its stock price over the last five trading days. seekingalpha.com reported 2024-07-29 that Huntington Bancshares shares have risen by 24% in the past year, outperforming the market with a 15% return since my recent buy recommendation. Strong Q2 results show solid deposit growth and loan performance, positioning HBAN for further earnings growth in 2025. Despite a higher valuation, HBAN’s strong credit quality and limited CRE losses make it a safer investment with potential for modest multiple expansions.
HBAN’s Market Performance
HBAN’s stock has risen by 1.51% in the past week, with a monthly drop of -3.39% and a quarterly drop of -2.51%. The volatility ratio for the week is 2.12% while the volatility levels for the last 30 days are 2.47% for Huntington Bancshares, Inc. The simple moving average for the past 20 days is -2.86% for HBAN’s stock, with a 6.81% simple moving average for the past 200 days.
Analysts’ Opinion of HBAN
Many brokerage firms have already submitted their reports for HBAN stocks, with Robert W. Baird repeating the rating for HBAN by listing it as a “Neutral.” The predicted price for HBAN in the upcoming period, according to Robert W. Baird is $15 based on the research report published on July 26, 2024 of the current year 2024.
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 2.16% 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 -9.38% of loss for the given period.
Volatility was left at 2.47%, however, over the last 30 days, the volatility rate increased by 2.12%, as shares sank -6.97% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +2.94% upper at present.
During the last 5 trading sessions, HBAN rose by +1.58%, which changed the moving average for the period of 200-days by +44.61% in comparison to the 20-day moving average, which settled at $14.17. In addition, Huntington Bancshares, Inc. saw 8.61% 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 Lawlor Brendan A, who sale 9,050 shares at the price of $15.06 back on Jul 29 ’24. After this action, Lawlor Brendan A now owns 11,111 shares of Huntington Bancshares, Inc., valued at $136,293 using the latest closing price.
Houston Helga, the Senior Exec. V. P. of Huntington Bancshares, Inc., sale 11,288 shares at $15.02 during a trade that took place back on Jul 29 ’24, which means that Houston Helga is holding 618,832 shares at $169,546 based on the most recent closing price.
Stock Fundamentals for HBAN
Current profitability levels for the company are sitting at:
- 0.22 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 0.03. 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 0.17. The debt to equity ratio resting at 0.85. The interest coverage ratio of the stock is 0.63.
Currently, EBITDA for the company is 2.36 billion with net debt to EBITDA at 16.04. When we switch over and look at the enterprise to sales, we see a ratio of 3.74. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.11.
Conclusion
In conclusion, Huntington Bancshares, Inc. (HBAN) has seen mixed performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it 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.
