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In the latest session, Huntington Bancshares, Inc. (NASDAQ: HBAN) closed at $14.37 down -3.88% from its previous closing price of $14.95. In other words, the price has decreased by -$3.88 from its previous closing price. On the day, 13.44 million shares were traded. HBAN stock price reached its highest trading level at $14.98 during the session, while it also had its lowest trading level at $14.32.
Ratios:
For a deeper understanding of Huntington Bancshares, Inc.’s stock, let’s take a closer look at its various ratios. In the meantime, Its Debt-to-Equity ratio is 0.85 whereas as Long-Term Debt/Eq ratio is at 0.84.
On June 14, 2024, Piper Sandler Downgraded its rating to Underweight which previously was Neutral and also lowered its target price recommendation from $13.50 to $11.50.
JP Morgan Upgraded its Neutral to Overweight on May 28, 2024, whereas the target price for the stock was revised from $16 to $18.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Jul 29 ’24 when Houston Helga bought 11,288 shares for $15.02 per share.
Lawlor Brendan A bought 9,050 shares of HBAN for $136,294 on Jul 29 ’24. On Jul 29 ’24, another insider, Houston Helga, who serves as the Senior Exec. V. P. of the company, sold 11,288 shares for $15.02 each. As a result, the insider received 169,546 and left with 618,832 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, HBAN now has a Market Capitalization of 20871417856 and an Enterprise Value of 27369459712. As of this moment, Huntington’s Price-to-Earnings (P/E) ratio for their current fiscal year is 13.66, and their Forward P/E ratio for the next fiscal year is 10.41. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.79. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.83 while its Price-to-Book (P/B) ratio in mrq is 1.22. Its current Enterprise Value per Revenue stands at 4.078.
Stock Price History:
Over the past 52 weeks, HBAN has reached a high of $15.24, while it has fallen to a 52-week low of $9.25. The 50-Day Moving Average of the stock is 5.95%, while the 200-Day Moving Average is calculated to be 12.90%.
Shares Statistics:
For the past three months, HBAN has traded an average of 17.35M shares per day and 18534440 over the past ten days. A total of 1.45B shares are outstanding, with a floating share count of 1.43B. Insiders hold about 1.29% of the company’s shares, while institutions hold 82.11% stake in the company. Shares short for HBAN as of 1721001600 were 32239737 with a Short Ratio of 1.86, compared to 1718323200 on 25741275. Therefore, it implies a Short% of Shares Outstanding of 32239737 and a Short% of Float of 2.53.
Dividends & Splits
According to the company, the forward annual dividend rate for HBAN is 0.62, from 0.62 in the trailing year. Against a Trailing Annual Dividend Yield of 0.041471574The stock’s 5-year Average Dividend Yield is 4.79.
