Huntington Bancshares, Inc (NASDAQ:HBAN) shares, rose in value, with the stock price down by -1.63% to the previous day’s close as strong demand from buyers drove the stock to $15.13.
Actively observing the price movement in the recent trading, the stock is buoying the session at $15.38. The PE ratio was 12.40 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 -10.31% over the past month.
With the market capitalization of Huntington Bancshares, Inc currently standing at about $22.00 billion, investors are eagerly awaiting this quarter’s results, scheduled for in April. The company’s Forward Dividend Ratio is 0.62, with its dividend yield at 4.10%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 7.86B, with a low estimate of 1.87B 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% Sell on average. However, medium-term indicators have put the stock in the category of Hold while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0.88, with the price of HBAN currently trading nearly -7.37% and -8.64% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 29.85, while the 7-day volatility ratio is showing 3.18% which for the 30-day chart, stands at 2.40%. Furthermore, Huntington Bancshares, Inc (HBAN)’s beta value is 0.91, and its average true range (ATR) is 0.44.
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 -1.63% in today’s session so far, and over the past year, it grew by 13.25%%. On the other hand, the price of Bank of America Corp. (BAC) has fallen -0.89%% today. The stock, however, is off 18.69% from where it was a year ago. Additionally, there is a gain of 1.17%% for Wells Fargo & Co. (WFC) in recent trading while the stock has seen an overall depriciation of 30.11%% over the past year.
Data on historical trading for Huntington Bancshares, Inc (NASDAQ:HBAN) indicates that the trading volumes over the past 3 months, they’ve averaged 19.06 million. According to company’s latest data on outstanding shares, there are 1.45 billion shares outstanding.
Nearly 1.19% of Huntington Bancshares, Inc’s shares belong to company insiders and institutional investors own 86.10% of the company’s shares. The stock has fallen by -7.01% 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.
