Huntington Bancshares Incorporated [NASDAQ: HBAN] closed the trading session at $14.32 on 02/10/21. The day’s price range saw the stock hit a low of $14.20, while the highest price level was $14.525. The company report on February 11, 2021 that Huntington Bancshares Incorporated Announces Additions To The Executive Leadership Team Structure For Combined Company Following TCF Merger.
TCF National Bank CEO Tom Shafer and President Mike Jones to join Huntington executive leadership team along with Donald Dennis, Huntington’s Chief Diversity Equity & Inclusion Officer.
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Huntington Bancshares Incorporated (Nasdaq: HBAN; www.huntington.com) announced that Tom Shafer, CEO of TCF National Bank, will join Huntington’s Executive Leadership Team as co-President of Commercial Banking following the completion of Huntington’s merger with TCF, which is expected to occur late in the second quarter, subject to the satisfaction of customary closing conditions.
The stocks have a year to date performance of 13.38 percent and weekly performance of 5.14 percent. The stock has been moved at 41.92 percent over the last six months. The stock has performed -2.78 percent around the most recent 30 days and changed 19.83 percent over the most recent 3-months.
If compared to the average trading volume of 12.20M shares, HBAN reached to a volume of 6887377 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 $15.66 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 2.30. 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.
Piper Sandler have made an estimate for Huntington Bancshares Incorporated shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on January 05, 2021. The new note on the price target was released on December 17, 2020, representing the official price target for Huntington Bancshares Incorporated stock. Previously, the target price had yet another raise from $11 to $16.50, while JP Morgan kept a Overweight rating on HBAN stock.
The Average True Range (ATR) for Huntington Bancshares Incorporated is set at 0.41, with the Price to Sales ratio for HBAN stock in the period of the last 12 months amounting to 4.01. The Price to Book ratio for the last quarter was 1.36, with the Price to Cash per share for the same quarter was set at 7.43. Price to Free Cash Flow for HBAN in the course of the last twelve months was 20.36.
HBAN stock trade performance evaluation
Huntington Bancshares Incorporated [HBAN] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 5.14. With this latest performance, HBAN shares dropped by -2.78% in over the last four-week period, additionally plugging by 41.92% over the last 6 months – not to mention a rise of 2.07% 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 60.47, with the RSI for the last a single of trading hit 63.43, and the three-weeks RSI is set at 59.77 for Huntington Bancshares Incorporated [HBAN]. The present Moving Average for the last 50 days of trading for this stock 13.38, while it was recorded at 14.20 for the last single week of trading, and 10.58 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 +18.56. Huntington Bancshares Incorporated’s Net Margin is presently recorded at +15.60.
Return on Total Capital for HBAN is now 4.23, given the latest momentum, and Return on Invested Capital for the company is 4.01. Return on Equity for this stock inclined to 6.59, with Return on Assets sitting at 0.70. When it comes to the capital structure of this company, Huntington Bancshares Incorporated [HBAN] has a Total Debt to Total Equity ratio set at 65.69. Additionally, HBAN Total Debt to Total Capital is recorded at 39.65, with Total Debt to Total Assets ending up at 6.94. Long-Term Debt to Equity for the company is recorded at 77.32, with the Long-Term Debt to Total Capital now at 38.80.
Earnings per share (EPS) analysis for Huntington Bancshares Incorporated [HBAN] stock
With the latest financial reports released by the company, Huntington Bancshares Incorporated posted 0.03/share EPS, while the average EPS was predicted by analysts to be reported at 0.17/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -82.40%. 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 -2.15%.
Huntington Bancshares Incorporated [HBAN]: Insider Ownership positions
There are presently around $10,656 million, or 77.00% 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 83,646,254 shares of the stock with an approximate value of $1.2 billion in HBAN stocks shares; and BOSTON PARTNERS, currently with $836.56 million in HBAN stock with ownership of nearly -0.662% of the company’s market capitalization.
Positions in Huntington Bancshares Incorporated stocks held by institutional investors increased at the end of January and at the time of the January reporting period, where 299 institutional holders increased their position in Huntington Bancshares Incorporated [NASDAQ:HBAN] by around 57,452,735 shares. Additionally, 324 investors decreased positions by around 53,689,237 shares, while 107 investors held positions by with 632,957,354 shares. The mentioned changes placed institutional holdings at 744,099,326 shares, according to the latest SEC report filing. HBAN stock had 67 new institutional investments in for a total of 10,413,850 shares, while 70 institutional investors sold positions of 4,695,378 shares during the same period.