Huntington Bancshares, Inc. [NASDAQ: HBAN] traded at a high on Friday, posting a 12.41 gain after which it closed the day’ session at $12.32. The company report on February 6, 2024 at 10:00 AM that Capstone Partners Strengthens Industry Coverage for 2024 with Additional Agriculture and Industrial Technology Expertise.
Capstone Partners, a leading middle market investment banking firm, is pleased to announce the appointment of three seasoned M&A advisory professionals as new Managing Directors on its industry banking teams. Steven Dana will join the firm’s Industrial Technology Investment Banking Group and Jerry Sturgill and Skye Root will join the firm’s Agriculture Investment Banking Group, enhancing the firm’s substantial portfolio of specialized sector knowledge.
Steven Dana brings nearly 20 years of industry experience to the firm’s Industrial Technology Investment Banking Group, where he will leverage expertise in key areas including supply chain automation, robotics, internet of things (IoT), and industrial software. Dana joins Capstone from Drake Star Partners, a middle market investment banking firm in New York, where he was a Partner and led the firm’s Industrial Technology practice.
The results of the trading session contributed to over 16.54M shares changing hands. Over the past one week, the price volatility of Huntington Bancshares, Inc. stands at 2.21% while the volatility over the past one month is 2.65%.
The market cap for HBAN stock reached $17.97 billion, with 1.45 billion shares outstanding and 1.43 billion shares in the current float. Compared to the average trading volume of 0.85 shares, HBAN reached a trading volume of 16.54M 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, Inc. [HBAN]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for HBAN shares is $14.34 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 2.39. 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.
Evercore ISI have made an estimate for Huntington Bancshares, Inc. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on January 03, 2024.
The Average True Range (ATR) for Huntington Bancshares, Inc. is set at 0.33, with the Price to Sales ratio for HBAN stock in the period of the last 12 months amounting to 1.67. The Price to Book ratio for the last quarter was 1.06. Price to Free Cash Flow for HBAN in the course of the last twelve months was 5.94.
How has HBAN stock performed recently?
Huntington Bancshares, Inc. [HBAN] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.43. With this latest performance, HBAN shares dropped by -4.02% in over the last four-week period, additionally plugging by 3.76% over the last 6 months – not to mention a drop of -19.62% 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 46.03, with the RSI for the last a single of trading hit 41.89, and the three-weeks RSI is set at 49.40 for Huntington Bancshares, Inc. [HBAN]. The present Moving Average for the last 50 days of trading for this stock 12.50, while it was recorded at 12.37 for the last single week of trading, and 11.16 for the last 200 days.
Huntington Bancshares, Inc. [HBAN]: Deeper insight into the fundamentals
Huntington Bancshares, Inc.’s liquidity data is similarly interesting compelling, with a Current Ratio set at 0.10.
Earnings analysis for Huntington Bancshares, Inc. [HBAN]
With the latest financial reports released by the company, Huntington Bancshares, Inc. posted 0.39/share EPS, while the average EPS was predicted by analysts to be reported at 0.37/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 5.40%. 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, Inc. go to -2.15%.
Insider trade positions for Huntington Bancshares, Inc. [HBAN]
The top three institutional holders of HBAN stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in HBAN stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in HBAN stock with ownership which is approximately 5.8325%.
