In the last trading session, 12.71 million shares of the Huntington Bancshares, Inc. (NASDAQ:HBAN) were traded, and its beta was 1.07. Most recently the company’s share price was $14.73, and it changed around $0.09 or 0.61% from the last close, which brings the market valuation of the company to $21.39B. HBAN currently trades at a discount to its 52-week high of $15.24, offering almost -3.46% off that amount. The share price’s 52-week low was $9.25, which indicates that the current value has risen by an impressive 37.2% since then. We note from Huntington Bancshares, Inc.’s average daily trading volume that its 10-day average is 10.83 million shares, with the 3-month average coming to 14.91 million.
Huntington Bancshares, Inc. stock received a consensus recommendation rating of Hold, based on a mean score of 2.00. If we narrow it down even further, the data shows that 0 out of 26 analysts rate the stock as a Sell; another 7 rate it as Overweight. Among the rest, 11 recommended HBAN as a Hold, whereas 8 deemed it a Buy, and 0 rated it as Underweight. Huntington Bancshares, Inc. is expected to report earnings per share of 0.3 for the current quarter.
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Huntington Bancshares, Inc. (NASDAQ:HBAN) trade information
Instantly HBAN has showed a green trend with a performance of 0.61% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 14.84 on recent trading dayincreased the stock’s daily price by 0.74%. The company’s shares are currently up 15.80% year-to-date, but still up 2.86% over the last five days. On the other hand, Huntington Bancshares, Inc. (NASDAQ:HBAN) is 0.48% up in the 30-day period. We can see from the shorts that 33.98 million shares have been sold at a short interest cover period of 2.92 day(s).
The consensus price target as assigned by Wall Street analysts is $16, which translates to bulls needing to increase their stock price by 7.94% from its current value. Analyst projections state that HBAN is forecast to be at a low of $11.5 and a high of $18.
Huntington Bancshares, Inc. (HBAN) estimates and forecasts
Huntington Bancshares, Inc. share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 4.91 percent over the past six months and at a -13.24% annual growth rate that is well below the industry average of -6.30%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will loss -14.30% in revenue this quarter, and will report an increase of 3.30% in the next quarter. The year-over-year growth rate is expected to be -1.10%, down from the previous year.
Consensus estimates provided by 15 financial analysts predict the company will bring in an average of 1.86B in revenue for the current quarter. 15 analysts expect Huntington Bancshares, Inc. to make 1.89B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 1.89B and 1.73B respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -1.40%. Forecasts for the next quarter put sales growth at 9.20%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 0.68%. Huntington Bancshares, Inc. earnings are expected to increase by -5.44% in 2024, but the outlook is positive 3.98% per year for the next five years.
HBAN Dividends
Huntington Bancshares, Inc.’s next quarterly earnings report is expected to be released in November. The annual dividend yield of the stock is 4.21 percent and its annual dividend per share was 0.62. It is important to note, however, that the 4.21% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision. The average dividend yield for the past five years averaged 4.8 per year.
Huntington Bancshares, Inc. (NASDAQ:HBAN)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 0.93% of Huntington Bancshares, Inc. shares, and 85.09% of them are in the hands of institutional investors. The stock currently has a share float of 85.90%. Huntington Bancshares, Inc. stock is held by 1234.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 11.8574% of the shares, which is about 171.75 million shares worth $2.26 billion.
BLACKROCK INC., with 8.9984% or 130.34 million shares worth $1.72 billion as of 2024-06-30, holds the second largest percentage of outstanding shares.
