Huntington Bancshares Incorporated [NASDAQ: HBAN] gained 3.04% or 0.44 points to close at $14.90 with a heavy trading volume of 27385380 shares. The company report on April 22, 2021 that Huntington Bancshares Incorporated Declares Quarterly Cash Dividends On Its Common And Preferred Stocks.
Huntington Bancshares Incorporated (www.huntington.com) announced that the Board of Directors declared a quarterly cash dividend on the company’s common stock (Nasdaq: HBAN) of $0.15 per common share, unchanged from the prior quarter. The common stock cash dividend is payable July 1, 2021, to shareholders of record on June 17, 2021.
In addition, the Board declared quarterly cash dividends on its seven series of preferred stock. The Board declared a quarterly cash dividend on its Floating Rate Series B Non-Cumulative Perpetual Preferred Stock (CUSIP#: 446150500) of $7.20937324 per share (equivalent to $0.1802343 per depositary receipt share). The Board declared a quarterly cash dividend on its 5.875% Series C Non-Cumulative Perpetual Preferred Stock (Nasdaq: HBANN) of $14.69 per share (equivalent to $0.36725 per depositary receipt share). The Board declared a quarterly cash dividend on its 6.25% Series D Non-Cumulative Perpetual Preferred Stock (Nasdaq: HBANO) of $15.625 per share (equivalent to $0.390625 per depositary receipt share). The Board declared a quarterly cash dividend on its 5.70% Series E Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock (CUSIP#: 446150AL8) of $1,425.00 per share (equivalent to $14.25 per depositary receipt share). The Board declared a quarterly cash dividend on its 5.625% Series F Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock (CUSIP#: 446150AT1) of $1,406.25 per share (equivalent to $14.0625 per depositary share). The Board declared a quarterly cash dividend on its 4.450% Series G Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock (CUSIP#: 446150AV6) of $1,112.50 per share (equivalent to $11.1250 per depositary share). Finally, the Board declared a quarterly cash dividend on its 4.5% Series H Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock (Nasdaq: HBANP) of $19.50 per share (equivalent to $0.48750 per depositary share). All seven preferred stock cash dividends are payable July 15, 2021, to their respective shareholders of record on July 1, 2021.
It opened the trading session at $14.476, the shares rose to $14.985 and dropped to $14.30, the range by which the price of stock traded the whole day. The daily chart for HBAN points out that the company has recorded 53.77% gains over the past six months. However, it is still -113.16% lower than its most recent low trading price.
If we look at the average trading volume of 12.25M shares, HBAN reached to a volume of 27385380 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying 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 $17.33 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 0.55, with the Price to Sales ratio for HBAN stock in the period of the last 12 months amounting to 4.06. The Price to Book ratio for the last quarter was 1.40, with the Price to Cash per share for the same quarter was set at 8.12. Price to Free Cash Flow for HBAN in the course of the last twelve months was 12.19.
Trading performance analysis for HBAN stock
Huntington Bancshares Incorporated [HBAN] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -7.91. With this latest performance, HBAN shares dropped by -2.74% in over the last four-week period, additionally plugging by 53.77% over the last 6 months – not to mention a rise of 88.13% 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 40.69, with the RSI for the last a single of trading hit 37.36, and the three-weeks RSI is set at 43.92 for Huntington Bancshares Incorporated [HBAN]. The present Moving Average for the last 50 days of trading for this stock 15.79, while it was recorded at 15.18 for the last single week of trading, and 12.24 for the last 200 days.
Huntington Bancshares Incorporated [HBAN]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and Huntington Bancshares Incorporated [HBAN] shares currently have an operating margin of +6.41. Huntington Bancshares Incorporated’s Net Margin is presently recorded at +16.11.
Return on Total Capital for HBAN is now 1.41, given the latest momentum, and Return on Invested Capital for the company is 4.18. 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 67.38. Additionally, HBAN Total Debt to Total Capital is recorded at 40.26, with Total Debt to Total Assets ending up at 7.12. Long-Term Debt to Equity for the company is recorded at 61.68, with the Long-Term Debt to Total Capital now at 30.64.
Huntington Bancshares Incorporated [HBAN]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, Huntington Bancshares Incorporated posted 0.13/share EPS, while the average EPS was predicted by analysts to be reported at 0.04/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 225.00%. 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%.
An analysis of insider ownership at Huntington Bancshares Incorporated [HBAN]
There are presently around $11,474 million, or 77.70% of HBAN stock, in the hands of institutional investors. The top three institutional holders of HBAN stocks are: VANGUARD GROUP INC with ownership of 113,297,155, which is approximately -1.454% of the company’s market cap and around 0.90% of the total institutional ownership; BLACKROCK INC., holding 83,646,254 shares of the stock with an approximate value of $1.25 billion in HBAN stocks shares; and BOSTON PARTNERS, currently with $870.44 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 April and at the time of the April reporting period, where 339 institutional holders increased their position in Huntington Bancshares Incorporated [NASDAQ:HBAN] by around 55,714,678 shares. Additionally, 311 investors decreased positions by around 41,018,671 shares, while 100 investors held positions by with 673,330,484 shares. The mentioned changes placed institutional holdings at 770,063,833 shares, according to the latest SEC report filing. HBAN stock had 101 new institutional investments in for a total of 9,435,688 shares, while 52 institutional investors sold positions of 2,318,519 shares during the same period.