In the last trading session, 23.17 million Huntington Bancshares, Inc (NASDAQ:HBAN) shares changed hands as the company’s beta touched 0.92. With the company’s per share price at $14.76 changed hands at -$0.14 or -0.94% during last session, the market valuation stood at $21.56B. HBAN’s last price was a discount, traded about -24.93% off its 52-week high of $18.44. The share price had its 52-week low at $12.05, which suggests the last value was 18.36% up since then. When we look at Huntington Bancshares, Inc’s average trading volume, we note the 10-day average is 26.18 million shares, with the 3-month average coming to 20.85 million.
Analysts gave the Huntington Bancshares, Inc (HBAN) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.86. 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 0.31.
Huntington Bancshares, Inc (NASDAQ:HBAN) trade information
Instantly HBAN was in red as seen at the end of in last trading. With action 2.50%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -9.28%, with the 5-day performance at 2.50% in the green. However, in the 30-day time frame, Huntington Bancshares, Inc (NASDAQ:HBAN) is -11.78% down. Looking at the short shares, we see there were 58.6 million shares sold at short interest cover period of 2.72 days.
The consensus price target for the stock as assigned by Wall Street analysts is 18, meaning bulls need an upside of 18.0% from its current market value. According to analyst projections, HBAN’s forecast low is 15 with 21 as the target high. To hit the forecast high, the stock’s price needs a -42.28% plunge from its current level, while the stock would need to soar -1.63% for it to hit the projected low.
Huntington Bancshares, Inc (HBAN) estimates and forecasts
Year-over-year growth is forecast to reach 6.34% up from the last financial year.
Consensus estimates given by 13 financial analysts project the company’s revenue in the current quarter to hit an average of 1.89B. 13 analysts are of the opinion that Huntington Bancshares, Inc’s revenue for the current quarter will be 1.95B. The company’s revenue for the corresponding quarters a year ago was 1.75B and 1.8B respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 7.76%. The estimates for the next quarter sales put growth at 8.08%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -0.74%. The 2025 estimates are for Huntington Bancshares, Inc earnings to increase by 14.47%, but the outlook for the next 5-year period is at 13.75% per year.
HBAN Dividends
Huntington Bancshares, Inc is expected to release its next quarterly earnings report on 2025-Jan-16. The 4.20% annual yield figure for the share gives it an annual dividend of 0.62. It is important to note, however, that the 4.20% 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 4.76 per year.
Huntington Bancshares, Inc (NASDAQ:HBAN)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 0.95% of Huntington Bancshares, Inc shares while 86.93% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 87.76%. There are 86.93% 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 Dec 31, 2024 were Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund . With 45.37 shares estimated at $669.7 million under it, the former controlled 3.11% of total outstanding shares. On the other hand, Vanguard 500 Index Fund held about 2.69% of the shares, roughly 39.32 shares worth around $580.41 million.
