Currently, there are 1.45B common shares owned by the public and among those 1.43B shares have been available to trade.
The company’s stock has a 5-day price change of 2.35% and -7.20% over the past three months. HBAN shares are trading -0.71% year to date (YTD), with the 12-month market performance up to 18.70% higher. It has a 12-month low price of $9.25 and touched a high of $14.30 over the same period. HBAN has an average intraday trading volume of 15.36 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 -3.87%, -6.31%, and 3.10% respectively.
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Institutional ownership of Huntington Bancshares, Inc. (NASDAQ: HBAN) shares accounts for 82.49% of the company’s 1.45B shares outstanding.
It has a market capitalization of $18.30B and a beta (3y monthly) value of 1.07. The stock’s trailing 12-month PE ratio is 11.40, while the earnings-per-share (ttm) stands at $1.11. The company has a debt-to-equity ratio at 0.78. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.07% over the week and 2.28% over the month.
Earnings per share for the fiscal year are expected to decrease by -3.13%, and 18.20% over the next financial year. EPS should shrink at an annualized rate of -5.50% 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. Piper Sandler stated their Underweight rating for the stock in a research note on June 14, 2024, with the firm’s price target at $13.50-$11.50. JP Morgan coverage for the Huntington Bancshares, Inc. (HBAN) stock in a research note released on May 28, 2024 offered a Overweight rating with a price target of $18. Jefferies was of a view on April 08, 2024 that the stock is Buy, while BofA Securities gave the stock Buy rating on April 08, 2024, issuing a price target of $14- $16. DA Davidson on their part issued Buy rating on February 27, 2024.
