Huntington Bancshares Incorporated (NASDAQ:HBAN) shares, rose in value on Wednesday, 06/22/22, with the stock price up by 0.41% to the previous day’s close as strong demand from buyers drove the stock to $12.17.
Actively observing the price movement in the last trading, the stock closed the session at $12.12, falling within a range of $11.94 and $12.23. The value of beta (5-year monthly) was 1.21 whereas the PE ratio was 16.81 over 12-month period. Referring to stock’s 52-week performance, its high was $17.79, and the low was $11.80. On the whole, HBAN has fluctuated by -6.53% over the past month.
With the market capitalization of Huntington Bancshares Incorporated currently standing at about $17.37 billion, investors are eagerly awaiting this quarter’s results, scheduled for Apr 20, 2022 – Apr 25, 2022. The company’s Forward Dividend Ratio is 0.62, with its dividend yield at 5.09%. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $0.34, which is expected to increase to $0.4 for fiscal year $1.38 and then to about $1.52 by fiscal year 2023. Data indicates that the EPS growth is expected to be 53.30% in 2023, while the next year’s EPS growth is forecast to be 10.10%.
Analysts have estimated the company’s revenue for the quarter at $1.71 billion, with a low estimate of $1.68 billion and a high estimate of $1.73 billion. According to the average forecast, sales growth in current quarter could jump up 32.60%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2023, the company’s y-o-y revenues would reach $6.91 billion, representing an increase of 14.80% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that HBAN’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium term indicators have put the stock in the category of 100% Sell while long term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of HBAN currently trading nearly -7.32% and -8.65% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 37.19, while the 7-day volatility ratio is showing 2.90% which for the 30-day chart, stands at 2.71%. Furthermore, Huntington Bancshares Incorporated (HBAN)’s beta value is 1.20, and its average true range (ATR) is 0.41.
A comparison of Huntington Bancshares Incorporated (HBAN) with its peers suggests the former has fared considerably weaker in the market. HBAN showed an intraday change of 0.41% in last session, and over the past year, it shrunk by -11.04%%. In comparison, JPMorgan Chase & Co. (JPM) has moved lower at -0.56% on the day and was down -23.32% over the past 12 months. On the other hand, the price of Bank of America Corporation (BAC) has fallen -0.76% on the day. The stock, however, is off -18.44% from where it was a year ago. Additionally, there is a loss of -1.00% for Wells Fargo & Company (WFC) in last trading while the stock has seen an overall depriciation of -11.35%% over the past year. The PE ratio stands at 16.81 for Huntington Bancshares Incorporated, compared to 8.55 for JPMorgan Chase & Co., and 9.29 for Bank of America Corporation. Other than that, the overall performance of the S&P 500 during the last trading session shows that it lost -0.13%. Meanwhile, the Dow Jones Industrial Slipped by -0.15%.
Data on historical trading for Huntington Bancshares Incorporated (NASDAQ:HBAN) indicates that the trading volumes over the past 3 months, they’ve averaged 12.86 million. According to company’s latest data on outstanding shares, there are 1.44 billion shares outstanding.
Nearly 0.80% of Huntington Bancshares Incorporated’s shares belong to company insiders and institutional investors own 83.00% of the company’s shares. The stock has fallen by -21.08% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the HBAN stock heading into the next quarter.