During the last session, Huntington Bancshares, Inc. (NASDAQ:HBAN)’s traded shares were 10.09 million, with the beta value of the company hitting 1.07. At the end of the trading day, the stock’s price was $14.97, reflecting an intraday gain of 1.22% or $0.18. The 52-week high for the HBAN share is $15.24, that puts it down -1.8 from that peak though still a striking 38.21% gain since the share price plummeted to a 52-week low of $9.25. The company’s market capitalization is $21.74B, and the average intraday trading volume over the past 10 days was 10.71 million shares, and the average trade volume was 17.80 million shares over the past three months.
Huntington Bancshares, Inc. (HBAN) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 2.00. HBAN has a Sell rating from 1 analyst(s) out of 7 analysts who have looked at this stock. 1 analyst(s) recommend to Hold the stock while 1 suggest Overweight, and 4 recommend a Buy rating for it.
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Huntington Bancshares, Inc. (NASDAQ:HBAN) trade information
Huntington Bancshares, Inc. (HBAN) registered a 1.22% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 1.22% in intraday trading to $14.97, hitting a weekly high. The stock’s 5-day price performance is 2.32%, and it has moved by 4.18% in 30 days. Based on these gigs, the overall price performance for the year is 36.09%. The short interest in Huntington Bancshares, Inc. (NASDAQ:HBAN) is 31.68 million shares and it means that shorts have 1.89 day(s) to cover.
The consensus price target of analysts on Wall Street is $16, which implies an increase of 6.44% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $11.5 and $18 respectively. As a result, HBAN is trading at a discount of -20.24% off the target high and 23.18% off the low.
Huntington Bancshares, Inc. (HBAN) estimates and forecasts
Statistics show that Huntington Bancshares, Inc. has underperformed its competitors in share price, compared to the industry in which it operates. Huntington Bancshares, Inc. (HBAN) shares have gone up 15.60% during the last six months, with a year-to-date growth rate less than the industry average at -12.50% against -6.60.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 0.68%. While earnings are projected to return -4.45% in 2024, the next five years will return 4.90% per annum.
HBAN Dividends
Huntington Bancshares, Inc. is due to release its next quarterly earnings on 2024-Oct-17. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for Huntington Bancshares, Inc. is 0.62, with the dividend yield indicating at 4.14 percent, continuing the trend of increasing dividends in recent years. The average dividend yield of the company for the last 5 years is 4.79%.
Huntington Bancshares, Inc. (NASDAQ:HBAN)’s Major holders
Huntington Bancshares, Inc. insiders own 0.93% of total outstanding shares while institutional holders control 85.39%, with the float percentage being 86.19%. VANGUARD GROUP INC is the largest shareholder of the company, while 1240.0 institutions own stock in it. As of 2024-06-30, the company held over 171.75 million shares (or 11.8574% of all shares), a total value of $2.26 billion in shares.
The next largest institutional holding, with 130.34 million shares, is of BLACKROCK INC.’s that is approximately 8.9984% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $1.72 billion.
