Huntington Bancshares, Inc (NASDAQ:HBAN) shares, rose in value on Thursday, February 13, with the stock price up by 0.12% to the previous day’s close as strong demand from buyers drove the stock to $16.61.
Actively observing the price movement in the last trading, the stock closed the session at $16.59. The PE ratio was 13.58 over 12-month period. Referring to stock’s 52-week performance, its high was $18.44, and the low was $12.05. On the whole, HBAN has fluctuated by 0.12% over the past month.
With the market capitalization of Huntington Bancshares, Inc currently standing at about $24.13 billion, investors are eagerly awaiting this quarter’s results, scheduled for in March. The company’s Forward Dividend Ratio is 0.62, with its dividend yield at 3.73%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 7.84B, with a low estimate of 1.86B and a high estimate of 1.93B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 1.89B.
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 50% Buy 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 0.99, with the price of HBAN currently trading nearly -2.17% and -1.46% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 44.26, while the 7-day volatility ratio is showing 1.83% which for the 30-day chart, stands at 2.02%. Furthermore, Huntington Bancshares, Inc (HBAN)’s beta value is 1.10, and its average true range (ATR) is 0.37.
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 0.12% in last session, and over the past year, it grew by 31.20%%.
Data on historical trading for Huntington Bancshares, Inc (NASDAQ:HBAN) indicates that the trading volumes over the past 3 months, they’ve averaged 16.29 million. According to company’s latest data on outstanding shares, there are 1.45 billion shares outstanding.
Nearly 1.20% of Huntington Bancshares, Inc’s shares belong to company insiders and institutional investors own 84.84% of the company’s shares. The stock has risen by 2.09% 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.
