Analysts Say Huntington Bancshares Incorporated (NASDAQ:HBAN) Should Remain On Your Watch List – Stocks Register

Analysts Say Huntington Bancshares Incorporated (NASDAQ:HBAN) Should Remain On Your Watch List

Huntington Bancshares Incorporated (NASDAQ:HBAN) traded at $15.32 at close of the session on Friday, Apr 30, made a downturn move of -1.16% on its previous day’s price.

Get the hottest stocks to trade every day before the market opens 100% free. Click here now.

Looking at the stock we see that its previous close was $15.5 and the beta (5Y monthly) reads 1.37 with the day’s price range being $15.29 – 15.62. The company has a trailing 12-month PE ratio of 13.37. In terms of its 52-week price range, HBAN has a high of $16.91 and a low of $6.99. The company’s stock has gained about -2.54% over that past 30 days.

Huntington Bancshares Incorporated has a market cap of $15.85 Billion and is expected to release its quarterly earnings report on Jul 21, 2021- Jul 26, 2021. With its Forward Dividend at 0.6 and a yield of 3.92%, the company’s investors could be anxious for the HBAN stock to gain ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of $0.29, with the EPS growth for the year raised at $1.24 for 2021 and $1.39 for next year. These figures represent 0.8% and 0.12% growth in EPS for the two years respectively.

Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $1.23 Billion, with a low of $1.18 Billion and a high of $1.49 Billion. The median projection represents growth adding up to 7.6% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2021 is expected to hit $5.92 Billion, or +22.4% up from figures reported last year.

There have been 2 upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the HBAN stock, short term indicators assign the stock an average of Hold, while medium term indicators assign it an average of 50% Buy. Long term indicators on average place the stock in the category of 100% Buy.

Based on estimates by 19 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 10 have rated the Huntington Bancshares Incorporated (HBAN) stock as a Hold, while 6 rate it as a Buy. 3 analyst(s) rate it as outperform while none of them rated it as underperform, whereas none suggest the stock as a Sell. The stock has an overall rating of Overweight and investors could take advantage and scoop up stock of the company.

Looking further, we note that the PEG ratio for the HBAN stock currently stands at 0, and the current price level is -2.73% off its SMA20 and -3.26% from its 50-day simple moving average. The RSI (14) is pointing at 46.3 while the volatility over the past week is 1.8% and jumps to 2.65% over the past one month. The beta value is 1.37, while the average true range (ATR) is currently pointing at 0.47. The average price target for the stock over the next 12 months is $17.25, with the estimates having a low of $14 and a high of $20. These price ends are -8.62% and +30.55% off the current price level respectively, although investors could be excited at the prospect of a +12.6% if the HBAN share price touches on the median price of $17.25.

The 2021 Backdoor Crypto Portfolio (free)

Even if you’re not actively in crypto, you deserve to know what’s actually going on...

Because while leading assets such as Bitcoin (BTC) and Ethereum (ETH) are climbing in value, a select group of public “crypto stocks” are surging right along with them. More importantly, these stocks are outpacing the returns these leading crypto assets aren already producing.

Click here to get the full story… along with our long list of backdoor Bitcoin strategies. It’s free.


Let’s briefly compare Huntington Bancshares Incorporated (HBAN) stock to its peers. We find that current price change of -1.16% and +65.8% over the past 12 months for HBAN betters that of Commerce Bancshares (CBSH), which has seen its stock price fall -1.97% in the last trading session and was +33.52% over the last one year. Another of its peers Ump Financial Corp (UMBF) has dropped -1.31% previous session, and was +90.85% up over the past year, while Wintrust Finl Corp (WTFC) was also down -1.16% in the last session, while its price remained in the green at 65.8% over the same period. Huntington Bancshares Incorporated has a P/E ratio of 13.37 compared to Commerce Bancshares’ 28.98 and Ump Financial Corp’s 12.24. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial were at -0.72% and -0.54%, respectively, at close of the trading.

Coming back to Huntington Bancshares Incorporated (NASDAQ:HBAN), we note that the average 3-month trading volume was 11.94 Million, while that of the preceding 10-day period stands at 17.19 Million. Current shares outstanding are 1.02 Billion.

Get the hottest stocks to trade every day before the market opens 100% free. Click here now.

According to data from Thomson Reuters, insiders hold 0.97% of the company’s shares while institutions hold 77.73%. The data shows that short shares as of April 14, 2021, stood at 43.34 Million at a short ratio of 3.92. This represents a 4.26% short interest in shares outstanding on April 14, 2021. Shares short rose in April from the previous month at 41.52 Million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock +21.3% up in year-to-date price movement.

Leave a Comment

Your email address will not be published. Required fields are marked *

Related Posts

Get The Best Stocks To Trade Every Day!

Join now to get the pre-market morning brief 100% free

We do not sell or share your information with anyone.

We save you valuable time every morning with our early morning newsletter!... 100% Free

Best stocks ideas

Analysts’ Upgrades & Downgrades

Insider Watchlist

Important Earnings

We do not sell or share your information with anyone.