Huntington Bancshares, Inc (NASDAQ:HBAN) shares, rose in value on Friday, January 03, with the stock price down by -0.68% to the previous day’s close as strong demand from buyers drove the stock to $16.13.
Actively observing the price movement in the recent trading, the stock is buoying the session at $16.24, falling within a range of $16.01 and $16.3. The value of beta (5-year monthly) is 1.057 whereas the PE ratio is 15.66 over 12-month period. Referring to stock’s 52-week performance, its high was $18.44, and the low was $12.02. On the whole, HBAN has fluctuated by -8.51% over the past month.
With the market capitalization of Huntington Bancshares, Inc currently standing at about $23.43 billion, investors are eagerly awaiting this quarter’s results, scheduled for in February. The company’s Forward Dividend Ratio is 0.62, with its dividend yield at 3.84%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 7.33B, with a low estimate of 1.85B and a high estimate of 1.93B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 1.88B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that HBAN’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 3.58, with the price of HBAN currently trading nearly -3.56% and -4.46% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 36.67, while the 7-day volatility ratio is showing 1.84% which for the 30-day chart, stands at 2.16%. Furthermore, Huntington Bancshares, Inc (HBAN)’s beta value is 1.09, and its average true range (ATR) is 0.36.
A comparison of Huntington Bancshares, Inc (HBAN) with its peers suggests the former has fared considerably weaker in the market. HBAN showed an intraday change of -0.68% in today’s session so far, and over the past year, it grew by 28.83%%.
Data on historical trading for Huntington Bancshares, Inc (NASDAQ:HBAN) indicates that the trading volumes over the past 10 days have averaged 16.7 and over the past 3 months, they’ve averaged 14.22 million. According to company’s latest data on outstanding shares, there are 1.45 billion shares outstanding.
Nearly 1.18% of Huntington Bancshares, Inc’s shares belong to company insiders and institutional investors own 84.90% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 28.21 million shares as on 2024-12-13, resulting in a short ratio of 2.23. According to the data, the short interest in Huntington Bancshares, Inc (HBAN) stood at 222.00 of shares outstanding as of 2024-12-13; the number of short shares registered in 2024-11-15 reached 33.65 million. The stock has fallen by -0.86% 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.
