Huntington Bancshares Incorporated [NASDAQ: HBAN] plunged by -$0.13 during the normal trading session on Monday and reaching a high of $12.62 during the day while it closed the day at $12.26. The company report on December 21, 2020 that Lifshitz Law Firm, P.C. Announces Investigation of INFO, SPGI, LORL, PS, PRVL, CKH, TCF, HBAN, and ZAGG.
IHS Markit Ltd. (NYSE: INFO) – S&P Global (NYSE: SPGI).
Huntington Bancshares Incorporated stock has also loss -2.00% of its value over the past 7 days. However, HBAN stock has inclined by 37.91% in the 3 months of the year. Over the past six months meanwhile, it has gained 20.20% and lost -18.70% year-on date.
The market cap for HBAN stock reached $12.42 billion, with 1.02 billion shares outstanding and 1.01 billion shares in the current float. Compared to the average trading volume of 9.32M shares, HBAN reached a trading volume of 20730581 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to 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 $13.38 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 2.40. 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 Equal-Weight, with their previous recommendation back on December 17, 2020. While these analysts kept the previous recommendation, JP Morgan raised their target price from $11 to $16.50. The new note on the price target was released on December 15, 2020, representing the official price target for Huntington Bancshares Incorporated stock.
The Average True Range (ATR) for Huntington Bancshares Incorporated is set at 0.42, with the Price to Sales ratio for HBAN stock in the period of the last 12 months amounting to 3.29. The Price to Book ratio for the last quarter was 1.16, with the Price to Cash per share for the same quarter was set at 7.49. Price to Free Cash Flow for HBAN in the course of the last twelve months was 10.24.
HBAN stock trade performance evaluation
Huntington Bancshares Incorporated [HBAN] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.00. With this latest performance, HBAN shares gained by 2.59% in over the last four-week period, additionally plugging by 20.20% over the last 6 months – not to mention a drop of -19.08% 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 50.11, with the RSI for the last a single of trading hit 42.20, and the three-weeks RSI is set at 53.59 for Huntington Bancshares Incorporated [HBAN]. The present Moving Average for the last 50 days of trading for this stock 11.46, while it was recorded at 12.42 for the last single week of trading, and 9.63 for the last 200 days.
Huntington Bancshares Incorporated [HBAN]: An insightful look at the core fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Huntington Bancshares Incorporated [HBAN] shares currently have an operating margin of +30.25. Huntington Bancshares Incorporated’s Net Margin is presently recorded at +25.73.
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.
Earnings per share (EPS) analysis for Huntington Bancshares Incorporated [HBAN] stock
With the latest financial reports released by the company, Huntington Bancshares Incorporated posted 0.28/share EPS, while the average EPS was predicted by analysts to be reported at 0.31/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -9.70%. 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. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Huntington Bancshares Incorporated go to -2.25%.
Huntington Bancshares Incorporated [HBAN]: Insider Ownership positions
There are presently around $9,346 million, or 76.60% of HBAN stock, in the hands of institutional investors. The top three institutional holders of HBAN stocks are: VANGUARD GROUP INC with ownership of 114,968,489, which is approximately -2.922% of the company’s market cap and around 0.20% of the total institutional ownership; BLACKROCK INC., holding 86,661,381 shares of the stock with an approximate value of $1.07 billion in HBAN stocks shares; and BOSTON PARTNERS, currently with $728.63 million in HBAN stock with ownership of nearly 7.941% of the company’s market capitalization.
Positions in Huntington Bancshares Incorporated stocks held by institutional investors increased at the end of October and at the time of the October reporting period, where 303 institutional holders increased their position in Huntington Bancshares Incorporated [NASDAQ:HBAN] by around 55,109,500 shares. Additionally, 313 investors decreased positions by around 46,822,283 shares, while 119 investors held positions by with 652,351,399 shares. The mentioned changes placed institutional holdings at 754,283,182 shares, according to the latest SEC report filing. HBAN stock had 60 new institutional investments in for a total of 5,377,914 shares, while 82 institutional investors sold positions of 6,520,612 shares during the same period.