In the latest trading session, 4.67 million Huntington Bancshares, Inc (NASDAQ:HBAN) shares changed hands as the company’s beta touched 1.09. With the company’s most recent per share price at $17.03 changing hands around $0.44 or 2.68% at last look, the market valuation stands at $24.75B. HBAN’s current price is a discount, trading about -8.28% off its 52-week high of $18.44. The share price had its 52-week low at $12.02, which suggests the last value was 29.42% up since then. When we look at Huntington Bancshares, Inc’s average trading volume, we note the 10-day average is 15.58 million shares, with the 3-month average coming to 14.68 million.
Analysts gave the Huntington Bancshares, Inc (HBAN) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.00. If we narrow down to specifics, the data shows that 1 out of 7 analysts rate the stock as a Sell, with a further 1 assigning it an Overweight rating. Of the remaining, 1 recommended HBAN as a Hold, 4 felt it is a Buy and 0 rated the stock as Underweight. Huntington Bancshares, Inc’s EPS for the current quarter is expected to be 0.32.
Huntington Bancshares, Inc (NASDAQ:HBAN) trade information
Instantly HBAN is in green as seen in intraday trades today. With action 2.93%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 4.70%, with the 5-day performance at 2.93% in the green. However, in the 30-day time frame, Huntington Bancshares, Inc (NASDAQ:HBAN) is -0.79% down. Looking at the short shares, we see there were 42.51 million shares sold at short interest cover period of 3.02 days.
The consensus price target for the stock as assigned by Wall Street analysts is 16.5, meaning bulls need a downside of -3.21% from its recent market value. According to analyst projections, HBAN’s forecast low is 15 with 18 as the target high. To hit the forecast high, the stock’s price needs a -5.7% plunge from its current level, while the stock would need to tank 11.92% for it to hit the projected low.
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 19.38% over the past 6 months, a -10.29% in annual growth rate that is considerably lower than the industry average of -5.80%. Year-over-year growth is forecast to reach -0.27% down from the last financial year.
Consensus estimates given by 14 financial analysts project the company’s revenue in the current quarter to hit an average of 1.89B. 10 analysts are of the opinion that Huntington Bancshares, Inc’s revenue for the current quarter will be 1.87B. The company’s revenue for the corresponding quarters a year ago was 1.72B and 1.75B respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 9.68%. The estimates for the next quarter sales put growth at 6.51%.
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 2025 estimates are for Huntington Bancshares, Inc earnings to decrease by -2.91%, but the outlook for the next 5-year period is at 4.71% per year.
HBAN Dividends
Huntington Bancshares, Inc is expected to release its next quarterly earnings report in February. The 3.64% annual yield figure for the share gives it an annual dividend of 0.62. It is important to note, however, that the 3.64% 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. During the past 5 years, the average dividend yield was 4.79 per year.
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 85.88% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 86.69%. There are 85.88% institutions holding the Huntington Bancshares, Inc stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 11.8574% of the shares, roughly 171.75 million HBAN shares worth $2.26 billion.
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 8.9984% or 130.34 million shares worth $1.72 billion as of 2024-06-30.
Among Mutual Funds, the top two as of Sep 30, 2024 were Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund. With 45.91 shares estimated at $778.81 million under it, the former controlled 3.16% of total outstanding shares. On the other hand, Vanguard 500 Index Fund held about 2.62% of the shares, roughly 38.04 shares worth around $645.32 million.
