In today’s recent session, 4.93 million shares of the Huntington Bancshares, Inc (NASDAQ:HBAN) have been traded, and its beta is 1.09. Most recently the company’s share price was $16.68, and it changed around -$0.18 or -1.04% from the last close, which brings the market valuation of the company to $24.24B. HBAN at last check was trading at a discount to its 52-week high of $18.44, offering almost -10.55% off that amount. The share price’s 52-week low was $12.05, which indicates that the recent value has risen by an impressive 27.76% since then. We note from Huntington Bancshares, Inc’s average daily trading volume that its 10-day average is 20.42 million shares, with the 3-month average coming to 16.27 million.
Huntington Bancshares, Inc stock received a consensus recommendation rating of Buy, based on a mean score of 2.00. If we narrow it down even further, the data shows that 0 out of 21 analysts rate the stock as a Sell; another 4 rate it as Overweight. Among the rest, 7 recommended HBAN as a Hold, whereas 8 deemed it a Buy, and 2 rated it as Underweight. Huntington Bancshares, Inc is expected to report earnings per share of 0.31 for the current quarter.
Huntington Bancshares, Inc (NASDAQ:HBAN) trade information
Instantly HBAN has been showing red trend so far today with a performance of -1.04% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 17.23 on recent trading dayincreased the stock’s daily price by 3.19%. The company’s shares are currently up 2.55% year-to-date, but still down -1.39% over the last five days. On the other hand, Huntington Bancshares, Inc (NASDAQ:HBAN) is 2.87% up in the 30-day period. We can see from the shorts that 42.51 million shares have been sold at a short interest cover period of 3.02 day(s).
The consensus price target as assigned by Wall Street analysts is $18, which translates to bulls needing to increase their stock price by 7.33% from its current value. Analyst projections state that HBAN is forecast to be at a low of $15 and a high of $21.
Huntington Bancshares, Inc (HBAN) estimates and forecasts
The year-over-year growth rate is expected to be 6.12%, up from the previous year.
Consensus estimates provided by 15 financial analysts predict the company will bring in an average of 1.89B in revenue for the current quarter. 15 analysts expect Huntington Bancshares, Inc to make 1.94B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 1.75B and 1.8B respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 7.61%. Forecasts for the next quarter put sales growth at 7.58%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -0.74%. Huntington Bancshares, Inc earnings are expected to increase by 14.51% in 2025, but the outlook is positive 13.72% per year for the next five years.
HBAN Dividends
Huntington Bancshares, Inc’s next quarterly earnings report is expected to be released in March. The annual dividend yield of the stock is 3.72 percent and its annual dividend per share was 0.62. It is important to note, however, that the 3.72% 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 4.79 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 85.88% of them are in the hands of institutional investors. The stock currently has a share float of 86.69%. Huntington Bancshares, Inc stock is held by 1243.0 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.
Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund were the top two Mutual Funds as of Sep 30, 2024. The former held 45.91 shares worth $763.88 million, making up 3.16% of all outstanding shares. On the other hand, Vanguard 500 Index Fund held roughly 38.04 shares worth around $632.96 million, which represents about 2.62% of the total shares outstanding.
