Huntington Bancshares Incorporated [NASDAQ: HBAN] traded at a high on 06/16/20, posting a 1.58 gain after which it closed the day’ session at $10.28. The results of the trading session contributed to over 10488784 shares changing hands. Over the past one week, the price volatility of Huntington Bancshares Incorporated stands at 6.44% while the volatility over the past one month is 5.42%.
The market cap for HBAN stock reached $10.00 billion, with 1.02 billion shares outstanding and 1.00 billion shares in the current float. Compared to the average trading volume of 13.10M shares, HBAN reached a trading volume of 10488784 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Huntington Bancshares Incorporated [HBAN]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for HBAN shares is $10.03 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on HBAN stock is a recommendation set at 2.60. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Stephens have made an estimate for Huntington Bancshares Incorporated shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on June 03, 2020. The new note on the price target was released on March 09, 2020, representing the official price target for Huntington Bancshares Incorporated stock. Previously, the target price had yet another raise from $15 to $16, while BofA/Merrill kept a Buy rating on HBAN stock.
The Average True Range (ATR) for Huntington Bancshares Incorporated is set at 0.62, with the Price to Sales ratio for HBAN stock in the period of the last 12 months amounting to 2.44. The Price to Book ratio for the last quarter was 0.99, with the Price to Cash per share for the same quarter was set at 5.47. Price to Free Cash Flow for HBAN in the course of the last twelve months was 11.40.
How has HBAN stock performed recently?
Huntington Bancshares Incorporated [HBAN] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -6.55. With this latest performance, HBAN shares gained by 36.98% in over the last four-week period, additionally sinking by -33.03% over the last 6 months – not to mention a drop of -21.71% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for HBAN stock in for the last two-week period is set at 58.28, with the RSI for the last a single of trading hit 57.36, and the three-weeks RSI is set at 56.15 for Huntington Bancshares Incorporated [HBAN]. The present Moving Average for the last 50 days of trading for this stock 8.78, while it was recorded at 10.03 for the last single week of trading, and 12.29 for the last 200 days.
Huntington Bancshares Incorporated [HBAN]: Deeper insight into the fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Huntington Bancshares Incorporated [HBAN] shares currently have an operating margin of +30.31. Huntington Bancshares Incorporated’s Net Margin is presently recorded at +25.78.
Return on Total Capital for HBAN is now 7.18, given the latest momentum, and Return on Invested Capital for the company is 7.32. Return on Equity for this stock inclined to 12.32, with Return on Assets sitting at 1.30. When it comes to the capital structure of this company, Huntington Bancshares Incorporated [HBAN] has a Total Debt to Total Equity ratio set at 107.57. Additionally, HBAN Total Debt to Total Capital is recorded at 51.82, with Total Debt to Total Assets ending up at 11.64. Long-Term Debt to Equity for the company is recorded at 72.01, with the Long-Term Debt to Total Capital now at 31.15.
Reflecting on the efficiency of the workforce at the company, Huntington Bancshares Incorporated [HBAN] managed to generate an average of $90,079 per employee.
Earnings analysis for Huntington Bancshares Incorporated [HBAN]
With the latest financial reports released by the company, Huntington Bancshares Incorporated posted 0.33/share EPS, while the average EPS was predicted by analysts to be reported at 0.32/share.When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 3.10%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for HBAN.
Insider trade positions for Huntington Bancshares Incorporated [HBAN]
There are presently around $7,758 million, or 77.40% of HBAN stock, in the hands of institutional investors. The top three institutional holders of HBAN stocks are: VANGUARD GROUP INC with ownership of 123,792,359, which is approximately 3.464% of the company’s market cap and around 1.10% of the total institutional ownership; BLACKROCK INC., holding 88,685,388 shares of the stock with an approximate value of $897.5 million in HBAN stocks shares; and STATE STREET CORP, currently with $521.35 million in HBAN stock with ownership of nearly -0.287% of the company’s market capitalization.
Positions in Huntington Bancshares Incorporated stocks held by institutional investors increased at the end of April and at the time of the April reporting period, where 319 institutional holders increased their position in Huntington Bancshares Incorporated [NASDAQ:HBAN] by around 76,071,242 shares. Additionally, 381 investors decreased positions by around 85,644,081 shares, while 104 investors held positions by with 604,929,509 shares. The mentioned changes placed institutional holdings at 766,644,832 shares, according to the latest SEC report filing. HBAN stock had 77 new institutional investments in for a total of 21,509,557 shares, while 128 institutional investors sold positions of 22,097,102 shares during the same period.