Huntington Bancshares Incorporated [NASDAQ: HBAN] slipped around -0.26 points on Monday, while shares priced at $15.09 at the close of the session, down -1.69%. The company report on March 23, 2022 that HUNTINGTON BANCSHARES INCORPORATED TO ANNOUNCE 2022 FIRST QUARTER EARNINGS AND HOLD EARNINGS CONFERENCE CALL APRIL 21, 2022.
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Huntington Bancshares Incorporated (Nasdaq: HBAN) expects to report its 2022 first quarter earnings on Thursday, April 21, 2022, prior to the market opening. A news release and supporting financial data will be available at that time on the Investor Relations section of the company’s website.
Huntington Bancshares Incorporated stock is now -2.14% down from its year-to-date (YTD) trading value. HBAN Stock saw the intraday high of $15.26 and lowest of $14.8391 per share. The company’s 52-week high price is 17.79, which means current price is +7.94% above from all time high which was touched on 01/18/22.
Compared to the average trading volume of 12.60M shares, HBAN reached a trading volume of 6229902 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 $17.91 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.
UBS have made an estimate for Huntington Bancshares Incorporated shares, keeping their opinion on the stock as Buy, with their previous recommendation back on January 13, 2022. While these analysts kept the previous recommendation, Morgan Stanley raised their target price to Equal-Weight. The new note on the price target was released on January 11, 2022, representing the official price target for Huntington Bancshares Incorporated stock. Previously, the target price had yet another raise to $17, while Barclays analysts kept a Underweight rating on HBAN stock. On November 17, 2021, analysts decreased their price target for HBAN shares from 20 to 18.
The Average True Range (ATR) for Huntington Bancshares Incorporated is set at 0.52, with the Price to Sales ratio for HBAN stock in the period of the last 12 months amounting to 5.13. The Price to Book ratio for the last quarter was 1.27, with the Price to Cash per share for the same quarter was set at 5.69. Price to Free Cash Flow for HBAN in the course of the last twelve months was 20.19.
How has HBAN stock performed recently?
Huntington Bancshares Incorporated [HBAN] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.07. With this latest performance, HBAN shares dropped by -3.08% in over the last four-week period, additionally sinking by -4.49% over the last 6 months – not to mention a drop of -3.33% 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 48.58, with the RSI for the last a single of trading hit 49.21, and the three-weeks RSI is set at 48.12 for Huntington Bancshares Incorporated [HBAN]. The present Moving Average for the last 50 days of trading for this stock 15.49, while it was recorded at 15.20 for the last single week of trading, and 15.30 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 +26.42. Huntington Bancshares Incorporated’s Net Margin is presently recorded at +21.50.
Return on Equity for this stock inclined to 8.02, with Return on Assets sitting at 0.87.
Earnings analysis for Huntington Bancshares Incorporated [HBAN]
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%.
Insider trade positions for Huntington Bancshares Incorporated [HBAN]
There are presently around $17,426 million, or 81.20% of HBAN stock, in the hands of institutional investors. The top three institutional holders of HBAN stocks are: VANGUARD GROUP INC with ownership of 160,441,341, which is approximately -1.639% of the company’s market cap and around 0.60% of the total institutional ownership; BLACKROCK INC., holding 129,122,618 shares of the stock with an approximate value of $1.95 billion in HBAN stocks shares; and STATE STREET CORP, currently with $1.2 billion in HBAN stock with ownership of nearly 2.318% 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 432 institutional holders increased their position in Huntington Bancshares Incorporated [NASDAQ:HBAN] by around 58,930,896 shares. Additionally, 344 investors decreased positions by around 59,670,494 shares, while 147 investors held positions by with 1,036,197,452 shares. The mentioned changes placed institutional holdings at 1,154,798,842 shares, according to the latest SEC report filing. HBAN stock had 114 new institutional investments in for a total of 8,021,402 shares, while 70 institutional investors sold positions of 5,126,921 shares during the same period.