Currently, there are 1.45B common shares owned by the public and among those 1.43B shares have been available to trade.
Insiders at the company have transacted a total of 110 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 60 of these insider trades were purchases, accounting for 3,149,182 shares. Insider sales of the common stock occurred on 50 occasions, with total insider shares sold totaling 1,067,465 shares.
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The company’s stock has a 5-day price change of 0.16% and 17.98% over the past three months. HBAN shares are trading 1.10% year to date (YTD), with the 12-month market performance down to -13.86% lower. It has a 12-month low price of $9.13 and touched a high of $15.54 over the same period. HBAN has an average intraday trading volume of 17.63 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 1.34%, 1.44%, and 14.29% respectively.
Institutional ownership of Huntington Bancshares, Inc. (NASDAQ: HBAN) shares accounts for 82.11% of the company’s 1.45B shares outstanding.
It has a market capitalization of $18.63B and a beta (3y monthly) value of 1.11. The stock’s trailing 12-month PE ratio is 10.39, while the earnings-per-share (ttm) stands at $1.24. The company has a debt-to-equity ratio at 0.69. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.04% over the week and 2.42% over the month.
Analysts forecast that Huntington Bancshares, Inc. (HBAN) will achieve an EPS of $0.27 for the current quarter, $0.3 for the next quarter and $1.39 for 2025. The lowest estimate earnings-per-share for the quarter is $0.24 while analysts give the company a high EPS estimate of $0.3. Comparatively, EPS for the current quarter was $0.39 a year ago. Earnings per share for the fiscal year are expected to decrease by -0.89%, and 13.49% over the next financial year. EPS should shrink at an annualized rate of -2.15% over the next five years, compared to 0.68% over the past 5-year period.
Looking at the support for the HBAN, a number of firms have released research notes about the stock. UBS stated their Buy rating for the stock in a research note on February 14, 2024, with the firm’s price target at $14-$15. Evercore ISI coverage for the Huntington Bancshares, Inc. (HBAN) stock in a research note released on January 03, 2024 offered a Outperform rating with a price target of $15. Citigroup on their part issued Buy rating on September 29, 2023.
