In the last trading session, 9.17 million Huntington Bancshares, Inc. (NASDAQ:HBAN) shares changed hands as the company’s beta touched 1.12. With the company’s per share price at $13.34 changed hands at -$0.03 or -0.22% during last session, the market valuation stood at $19.42B. HBAN’s last price was a discount, traded about -3.22% off its 52-week high of $13.77. The share price had its 52-week low at $9.13, which suggests the last value was 31.56% up since then. When we look at Huntington Bancshares, Inc.’s average trading volume, we note the 10-day average is 17.59 million shares, with the 3-month average coming to 17.77 million.
Huntington Bancshares, Inc. (NASDAQ:HBAN) trade information
Instantly HBAN was in red as seen at the end of in last trading. With action 2.62%, the performance over the past five days has been green. The drop to weekly highs of 13.74 subtracted -0.22% to the stock’s daily price. The company’s shares are showing year-to-date upside of 4.87%, with the 5-day performance at 2.62% in the green. However, in the 30-day time frame, Huntington Bancshares, Inc. (NASDAQ:HBAN) is 4.38% up. Looking at the short shares, we see there were 35.1 million shares sold at short interest cover period of 2.04 days.
Huntington Bancshares, Inc. (HBAN) estimates and forecasts
Data shows that the Huntington Bancshares, Inc. share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 28.15% over the past 6 months, a -11.03% in annual growth rate that is considerably lower than the industry average of -6.60%. Moreover, analysts have looked to lower expectations by upgrading its fiscal year 2024 revenue estimates. The rating firms predict current quarter revenue for Huntington Bancshares, Inc. will fall -30.80%, while the growth in revenue is estimated to hit -14.30% for the next quarter. Year-over-year growth is forecast to reach -0.10% down from the last financial year.
Consensus estimates given by 16 financial analysts project the company’s revenue in the current quarter to hit an average of $1.77 billion. 16 analysts are of the opinion that Huntington Bancshares, Inc.’s revenue for the quarter ending Jun 2024 will be $1.83 billion. The company’s revenue for the corresponding quarters a year ago was $1.93 billion and $1.84 billion respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -8.50%. The estimates for the next quarter sales put growth at -0.80%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 0.68%. The 2024 estimates are for Huntington Bancshares, Inc. earnings to decrease by -0.99%, but the outlook for the next 5-year period is at -5.50% per year.
HBAN Dividends
Huntington Bancshares, Inc. is expected to release its next quarterly earnings report between April 18 and April 22. The 4.65% annual yield figure for the share gives it an annual dividend of 0.62. It is important to note, however, that the 4.65% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision.
Huntington Bancshares, Inc. (NASDAQ:HBAN)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 0.93% of Huntington Bancshares, Inc. shares while 82.06% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 82.84%. There are 82.06% institutions holding the Huntington Bancshares, Inc. stock share, with Vanguard Group Inc the top institutional holder. As of Dec 30, 2023, the company held 11.85% of the shares, roughly 171.8 million HBAN shares worth $2.29 billion.
Blackrock Inc. holds the second largest percentage of outstanding shares, with 9.12% or 132.19 million shares worth $1.76 billion as of Dec 30, 2023.
Among Mutual Funds, the top two as of Dec 30, 2023 were Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund. With 45.3 million shares estimated at $604.32 million under it, the former controlled 3.12% of total outstanding shares. On the other hand, Vanguard 500 Index Fund held about 2.44% of the shares, roughly 35.38 million shares worth around $471.93 million.
