Huntington Bancshares, Inc. [NASDAQ: HBAN] surged by $0.13 during the normal trading session on while it closed the day at $13.90.
Huntington Bancshares, Inc. stock has also gained 2.13% of its value over the past 7 days. However, HBAN stock has declined by -1.91% in the 3 months of the year. Over the past six months meanwhile, it has gained 8.26% and gained 9.28% year-on date.
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The market cap for HBAN stock reached $20.19 billion, with 1.45 billion shares outstanding and 1.43 billion shares in the current float. Compared to the average trading volume of 17.77M shares, HBAN reached a trading volume of 10559525 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, Inc. [HBAN]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for HBAN shares is $16.42 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 2.00. 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.
Robert W. Baird have made an estimate for Huntington Bancshares, Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on July 26, 2024. While these analysts kept the previous recommendation, Piper Sandler dropped their target price from $13.50 to $11.50. The new note on the price target was released on June 14, 2024, representing the official price target for Huntington Bancshares, Inc. stock. Previously, the target price had yet another raise from $16 to $18, while JP Morgan kept a Overweight rating on HBAN stock. On April 08, 2024, analysts increased their price target for HBAN shares from 14 to 16.
The Average True Range (ATR) for Huntington Bancshares, Inc. is set at 0.37, with the Price to Sales ratio for HBAN stock in the period of the last 12 months amounting to 1.77. The Price to Book ratio for the last quarter was 1.18. Price to Free Cash Flow for HBAN in the course of the last twelve months was 7.40.
HBAN stock trade performance evaluation
Huntington Bancshares, Inc. [HBAN] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 2.13. With this latest performance, HBAN shares dropped by -2.80% in over the last four-week period, additionally plugging by 8.26% over the last 6 months – not to mention a rise of 22.68% 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 51.22, with the RSI for the last a single of trading hit 52.53, and the three-weeks RSI is set at 51.40 for Huntington Bancshares, Inc. [HBAN]. The present Moving Average for the last 50 days of trading for this stock 13.53, while it was recorded at 13.60 for the last single week of trading, and 12.96 for the last 200 days.
Huntington Bancshares, Inc. [HBAN]: An insightful look at the core fundamentals
Huntington Bancshares, Inc.’s liquidity data is similarly interesting compelling, with a Current Ratio set at 0.11.
Earnings per share (EPS) analysis for Huntington Bancshares, Inc. [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, Inc. go to 4.90%.
Huntington Bancshares, Inc. [HBAN]: Institutional Ownership
The top three institutional holders of HBAN stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.5034%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $178.43 billion in HBAN stocks shares; and BERKSHIRE HATHAWAY INC, currently with $135.36 billion in HBAN stock with ownership which is approximately 5.1238%.
