Huntington Bancshares Incorporated [NASDAQ: HBAN] surged by $0.08 during the normal trading session on Friday and reaching a high of $11.58 during the day while it closed the day at $11.41. The company report on April 14, 2023 that Huntington National Bank extends Huntington ChoicePay into higher education and business services.
Bank activates digital capabilities in new sectors to expand on enterprise payments strategy.
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Huntington National Bank, a subsidiary of Huntington Bancshares, Incorporated (Nasdaq: HBAN) announced its expansion of Huntington ChoicePay into other sectors, including higher education and business services. Using Huntington ChoicePay in their business-to-consumer payables allows these clients to disburse funds to end-users in electronic payment forms, predominantly in pre-paid cards and closed-loop cards from major retailers.
Huntington Bancshares Incorporated stock has also gained 1.97% of its value over the past 7 days. However, HBAN stock has declined by -22.12% in the 3 months of the year. Over the past six months meanwhile, it has lost -12.43% and lost -19.08% year-on date.
The market cap for HBAN stock reached $16.42 billion, with 1.44 billion shares outstanding and 1.43 billion shares in the current float. Compared to the average trading volume of 20.64M shares, HBAN reached a trading volume of 13923085 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 $13.03 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 2.70. 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 Neutral, with their previous recommendation back on April 10, 2023. While these analysts kept the previous recommendation, Keefe Bruyette dropped their target price from $13.50 to $13. The new note on the price target was released on April 06, 2023, representing the official price target for Huntington Bancshares Incorporated stock. Previously, the target price had yet another raise to $15, while DA Davidson analysts kept a Neutral rating on HBAN stock. On December 13, 2022, analysts decreased their price target for HBAN shares from 15.50 to 14.50.
The Average True Range (ATR) for Huntington Bancshares Incorporated is set at 0.48, with the Price to Sales ratio for HBAN stock in the period of the last 12 months amounting to 2.75. The Price to Book ratio for the last quarter was 1.06, with the Price to Cash per share for the same quarter was set at 6.61. Price to Free Cash Flow for HBAN in the course of the last twelve months was 5.63.
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 1.97. With this latest performance, HBAN shares gained by 5.16% in over the last four-week period, additionally sinking by -12.43% over the last 6 months – not to mention a drop of -15.29% 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 42.67, with the RSI for the last a single of trading hit 50.27, and the three-weeks RSI is set at 39.82 for Huntington Bancshares Incorporated [HBAN]. The present Moving Average for the last 50 days of trading for this stock 13.16, while it was recorded at 11.35 for the last single week of trading, and 13.78 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 +35.08. Huntington Bancshares Incorporated’s Net Margin is presently recorded at +28.40.
Return on Total Capital for HBAN is now 9.68, given the latest momentum, and Return on Invested Capital for the company is 8.54. Return on Equity for this stock inclined to 12.09, with Return on Assets sitting at 1.25. When it comes to the capital structure of this company, Huntington Bancshares Incorporated [HBAN] has a Total Debt to Total Equity ratio set at 68.32. Additionally, HBAN Total Debt to Total Capital is recorded at 40.59, with Total Debt to Total Assets ending up at 6.62. Long-Term Debt to Equity for the company is recorded at 59.86, with the Long-Term Debt to Total Capital now at 31.21.
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 $13,423 million, or 83.70% of HBAN stock, in the hands of institutional investors. The top three institutional holders of HBAN stocks are: VANGUARD GROUP INC with ownership of 169,503,604, which is approximately 1.071% of the company’s market cap and around 0.60% of the total institutional ownership; BLACKROCK INC., holding 136,933,885 shares of the stock with an approximate value of $1.56 billion in HBAN stocks shares; and PRICE T ROWE ASSOCIATES INC /MD/, currently with $866.11 million in HBAN stock with ownership of nearly 5.006% of the company’s market capitalization.
Positions in Huntington Bancshares Incorporated stocks held by institutional investors increased at the end of Thursday and at the time of the Thursday reporting period, where 505 institutional holders increased their position in Huntington Bancshares Incorporated [NASDAQ:HBAN] by around 47,993,673 shares. Additionally, 334 investors decreased positions by around 44,446,172 shares, while 153 investors held positions by with 1,084,002,101 shares. The mentioned changes placed institutional holdings at 1,176,441,946 shares, according to the latest SEC report filing. HBAN stock had 126 new institutional investments in for a total of 11,741,036 shares, while 64 institutional investors sold positions of 5,839,383 shares during the same period.