Reviewing The Case For Huntington Bancshares, Inc (HBAN) Going Higher

Currently, there are 1.45B common shares owned by the public and among those 1.44B shares have been available to trade.

The company’s stock has a 5-day price change of -2.22% and 20.12% over the past three months. HBAN shares are trading 38.44% year to date (YTD), with the 12-month market performance up to 50.51% higher. It has a 12-month low price of $11.68 and touched a high of $18.44 over the same period. HBAN has an average intraday trading volume of 13.66 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 -0.63%, 8.06%, and 22.56% 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 $25.45B and a beta (3y monthly) value of 1.08. The stock’s trailing 12-month PE ratio is 17.10, while the earnings-per-share (ttm) stands at $1.03. The company has a PEG of 4.14 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 1.92% over the week and 1.90% over the month.

Earnings per share for the fiscal year are expected to decrease by -3.76%, and 12.57% 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. JP Morgan stated their Overweight rating for the stock in a research note on December 04, 2024, with the firm’s price target at $18.50-$20. Robert W. Baird coverage for the Huntington Bancshares, Inc (HBAN) stock in a research note released on July 26, 2024 offered a Neutral rating with a price target of $15. Piper Sandler was of a view on June 14, 2024 that the stock is Underweight, while JP Morgan gave the stock Overweight rating on May 28, 2024, issuing a price target of $16- $18. Jefferies on their part issued Buy rating on April 08, 2024.

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