Huntington Bancshares, Inc. (NASDAQ:HBAN) shares, rose in value, with the stock price up by 0.95% to the previous day’s close as strong demand from buyers drove the stock to $13.76.
Actively observing the price movement in the last trading, the stock closed the session at $13.63. The PE ratio was 12.42 over 12-month period. Referring to stock’s 52-week performance, its high was $14.07, and the low was $9.13. On the whole, HBAN has fluctuated by 2.92% over the past month.
The company’s Forward Dividend Ratio is 0.62, with its dividend yield at 4.51%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 7.4B, with a low estimate of 1.79B and a high estimate of 1.9B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 1.82B.
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 100% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of HBAN currently trading nearly 1.68% and 3.65% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 58.55, while the 7-day volatility ratio is showing 2.65% which for the 30-day chart, stands at 2.25%. Furthermore, Huntington Bancshares, Inc. (HBAN)’s beta value is 1.11, and its average true range (ATR) is 0.33.
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 0.95% in last session, and over the past year, it grew by 22.86%%.
Data on historical trading for Huntington Bancshares, Inc. (NASDAQ:HBAN) indicates that the trading volumes over the past 3 months, they’ve averaged 17.85 million. According to company’s latest data on outstanding shares, there are 1.45 billion shares outstanding.
Nearly 1.30% of Huntington Bancshares, Inc.’s shares belong to company insiders and institutional investors own 81.82% of the company’s shares. The stock has risen by 8.18% 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.
