Huntington Bancshares Incorporated [HBAN] Is Currently -0.89 below its 200 Period Moving Avg: What Does This Mean?


Huntington Bancshares Incorporated [NASDAQ: HBAN] closed the trading session at $12.27 on 07/08/22. The day’s price range saw the stock hit a low of $12.18, while the highest price level was $12.46. The company report on June 29, 2022 that HUNTINGTON BANCSHARES INCORPORATED TO ANNOUNCE 2022 SECOND QUARTER EARNINGS AND HOLD EARNINGS CONFERENCE CALL JULY 21, 2022.

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Huntington Bancshares Incorporated (NASDAQ: HBAN) expects to report its 2022 second quarter earnings on Thursday, July 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.

The stocks have a year to date performance of -20.43 percent and weekly performance of 2.00 percent. The stock has been moved at -25.27 percent over the last six months. The stock has performed -10.76 percent around the most recent 30 days and changed -13.04 percent over the most recent 3-months.

If compared to the average trading volume of 13.52M shares, HBAN reached to a volume of 9432887 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 $15.91 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 2.30. 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 Neutral, with their previous recommendation back on July 08, 2022. While these analysts kept the previous recommendation, JP Morgan dropped their target price from $17.50 to $14.50. The new note on the price target was released on July 01, 2022, representing the official price target for Huntington Bancshares Incorporated stock. Previously, the target price had yet another raise to $14, while Wedbush analysts kept a Neutral rating on HBAN stock. On June 03, 2022, analysts decreased their price target for HBAN shares from 17 to 15.

The Average True Range (ATR) for Huntington Bancshares Incorporated is set at 0.38, with the Price to Sales ratio for HBAN stock in the period of the last 12 months amounting to 3.94. The Price to Book ratio for the last quarter was 1.08, with the Price to Cash per share for the same quarter was set at 4.76. Price to Free Cash Flow for HBAN in the course of the last twelve months was 9.37.

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 2.00. With this latest performance, HBAN shares dropped by -10.76% in over the last four-week period, additionally sinking by -25.27% over the last 6 months – not to mention a drop of -10.37% 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 44.38, with the RSI for the last a single of trading hit 46.99, and the three-weeks RSI is set at 43.44 for Huntington Bancshares Incorporated [HBAN]. The present Moving Average for the last 50 days of trading for this stock 12.95, while it was recorded at 12.20 for the last single week of trading, and 14.85 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 +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 per share (EPS) analysis for Huntington Bancshares Incorporated [HBAN] stock

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 $14,288 million, or 83.10% of HBAN stock, in the hands of institutional investors. The top three institutional holders of HBAN stocks are: VANGUARD GROUP INC with ownership of 162,794,916, which is approximately 1.467% of the company’s market cap and around 0.80% of the total institutional ownership; BLACKROCK INC., holding 136,897,261 shares of the stock with an approximate value of $1.68 billion in HBAN stocks shares; and STATE STREET CORP, currently with $970.08 million in HBAN stock with ownership of nearly -0.655% of the company’s market capitalization.

Positions in Huntington Bancshares Incorporated stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 455 institutional holders increased their position in Huntington Bancshares Incorporated [NASDAQ:HBAN] by around 74,678,018 shares. Additionally, 335 investors decreased positions by around 59,795,430 shares, while 146 investors held positions by with 1,030,014,168 shares. The mentioned changes placed institutional holdings at 1,164,487,616 shares, according to the latest SEC report filing. HBAN stock had 90 new institutional investments in for a total of 21,220,061 shares, while 58 institutional investors sold positions of 10,025,811 shares during the same period.