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Huntington Bancshares, Inc. (NASDAQ: HBAN) closed the day trading at $13.09 down -0.91% from the previous closing price of $13.21. In other words, the price has decreased by -$0.91 from its previous closing price. On the day, 8.23 million shares were traded. HBAN stock price reached its highest trading level at $13.26 during the session, while it also had its lowest trading level at $13.04.
Ratios:
For a better understanding of HBAN, let’s look at its different ratios. In the meantime, Its Debt-to-Equity ratio is 0.78 whereas as Long-Term Debt/Eq ratio is at 0.77.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Piper Sandler on June 14, 2024, Downgraded its rating to Underweight and sets its target price to $11.50 from $13.50 previously.
On May 28, 2024, JP Morgan Upgraded its rating to Overweight which previously was Neutral and also upped its target price recommendation from $16 to $18.
Jefferies Upgraded its Hold to Buy on April 08, 2024, whereas the target price for the stock was revised from $14 to $16.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on May 30 ’24 when Houston Helga sold 7,278 shares for $13.64 per share. The transaction valued at 99,238 led to the insider holds 648,904 shares of the business.
Kowalski Kendall A sold 15,711 shares of HBAN for $217,454 on May 03 ’24. The Chief Information Officer now owns 65,195 shares after completing the transaction at $13.84 per share. On May 02 ’24, another insider, Syal Rajeev, who serves as the Senior Exec. V.P. of the company, sold 11,155 shares for $13.76 each. As a result, the insider received 153,493 and left with 279,733 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 18898221056 and an Enterprise Value of 24337274880. As of this moment, Huntington’s Price-to-Earnings (P/E) ratio for their current fiscal year is 11.82, and their Forward P/E ratio for the next fiscal year is 9.41. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.71 while its Price-to-Book (P/B) ratio in mrq is 1.12. Its current Enterprise Value per Revenue stands at 3.603.
Stock Price History:
The Beta on a monthly basis for HBAN is 1.08, which has changed by 0.22211814 over the last 52 weeks, in comparison to a change of 0.25510752 over the same period for the S&P500. Over the past 52 weeks, HBAN has reached a high of $14.30, while it has fallen to a 52-week low of $9.25. The 50-Day Moving Average of the stock is -2.48%, while the 200-Day Moving Average is calculated to be 6.14%.
Shares Statistics:
Over the past 3-months, HBAN traded about 16.40M shares per day on average, while over the past 10 days, HBAN traded about 19920610 shares per day. 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 82.40% stake in the company. Shares short for HBAN as of 1718323200 were 25741275 with a Short Ratio of 1.57, compared to 1715731200 on 22580504. Therefore, it implies a Short% of Shares Outstanding of 25741275 and a Short% of Float of 2.0299999.
Dividends & Splits
HBAN’s forward annual dividend rate is 0.62, up from 0.62 a year ago. Against a Trailing Annual Dividend Yield of 0.046934143The stock’s 5-year Average Dividend Yield is 4.79. The current Payout Ratio is 50.09% for HBAN, which recently paid a dividend on 2024-06-17 with an ex-dividend date of 1718582400. Stock splits for the company last occurred on 2000-07-12 when the company split stock in a 11:10 ratio.
Earnings Estimates
The dynamic stock of Huntington Bancshares, Inc. (HBAN) is currently being evaluated by a team of 19.0 analysts, each contributing to its current rating.On average, analysts expect EPS of $0.28 for the current quarter, with a high estimate of $0.3 and a low estimate of $0.26, while EPS last year was $0.35. The consensus estimate for the next quarter is $0.31, with high estimates of $0.33 and low estimates of $0.28.
Analysts are recommending an EPS of between $1.27 and $1.1 for the fiscal current year, implying an average EPS of $1.18. EPS for the following year is $1.4, with 20.0 analysts recommending between $1.65 and $1.28.
Revenue Estimates
16 analysts predict $1.81B in revenue for the current quarter. It ranges from a high estimate of $1.84B to a low estimate of $1.78B. As of the current estimate, Huntington Bancshares, Inc.’s year-ago sales were $1.84BFor the next quarter, 16 analysts are estimating revenue of $1.87B. There is a high estimate of $1.91B for the next quarter, whereas the lowest estimate is $1.82B.
A total of 18 analysts have provided revenue estimates for HBAN’s current fiscal year. The highest revenue estimate was $7.47B, while the lowest revenue estimate was $7.22B, resulting in an average revenue estimate of $7.35B. In the same quarter a year ago, actual revenue was $7.4BBased on 18 analysts’ estimates, the company’s revenue will be $7.85B in the next fiscal year. The high estimate is $8.28B and the low estimate is $7.63B.
