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 1.13% and 22.45% over the past three months. HBAN shares are trading 40.64% year to date (YTD), with the 12-month market performance up to 64.58% higher. It has a 12-month low price of $10.73 and touched a high of $17.97 over the same period. HBAN has an average intraday trading volume of 13.64 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 5.92%, 13.84%, and 26.54% respectively.
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Institutional ownership of Huntington Bancshares, Inc (NASDAQ: HBAN) shares accounts for 84.88% of the company’s 1.45B shares outstanding.
It has a market capitalization of $26.39B and a beta (3y monthly) value of 1.07. The stock’s trailing 12-month PE ratio is 17.37, while the earnings-per-share (ttm) stands at $1.03. The company has a PEG of 4.20 and the debt-to-equity ratio at 0.80. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.84% over the week and 2.15% over the month.
Earnings per share for the fiscal year are expected to decrease by -3.65%, and 12.66% over the next financial year. EPS should grow at an annualized rate of 4.13% 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. Robert W. Baird stated their Neutral rating for the stock in a research note on July 26, 2024, with the firm’s price target at $15. Piper Sandler coverage for the Huntington Bancshares, Inc (HBAN) stock in a research note released on June 14, 2024 offered a Underweight rating with a price target of $11.50. JP Morgan was of a view on May 28, 2024 that the stock is Overweight, while Jefferies gave the stock Buy rating on April 08, 2024, issuing a price target of $14- $16. BofA Securities on their part issued Buy rating on April 08, 2024.
