While Huntington Bancshares, Inc has underperformed by -0.23%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, HBAN rose by 43.79%, with highs and lows ranging from $18.44 to $11.77, whereas the simple moving average jumped by 19.61% in the last 200 days.
On December 04, 2024, JP Morgan started tracking Huntington Bancshares, Inc (NASDAQ: HBAN) recommending Overweight. A report published by Robert W. Baird on July 26, 2024, Downgraded its rating to ‘Neutral’ for HBAN. Piper Sandler also Downgraded HBAN shares as ‘Underweight’, setting a target price of $11.50 on the company’s shares in a report dated June 14, 2024. JP Morgan May 28, 2024d the rating to Overweight on May 28, 2024, and set its price target from $16 to $18. Jefferies April 08, 2024d its ‘Hold’ rating to ‘Buy’ for HBAN, as published in its report on April 08, 2024. BofA Securities’s report from April 08, 2024 suggests a price prediction of $16 for HBAN shares, giving the stock a ‘Buy’ rating. DA Davidson also rated the stock as ‘Buy’.
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Analysis of Huntington Bancshares, Inc (HBAN)
The current dividend for HBAN investors is set at $0.62 per share, indicating investors will get a return regardless of how the company performs over the next quarter. Further, the quarter-over-quarter increase in sales is 7.38%, showing a positive trend in the upcoming months.
There are several well-rounded types of analysis and research techniques that can be used to gain a clear view of Huntington Bancshares, Inc’s future performance, with equity being one of the most critical indicators. The goal here is to ensure that your current return on equity of 8.46% is sufficient for you to turn a profit off your investment.
As an indicator of volatility for any stock, average volume can also be very valuable, and HBAN is recording an average volume of 13.46M. On a monthly basis, the volatility of the stock is set at 1.89%, whereas on a weekly basis, it is put at 1.98%, with a loss of -2.21% over the past seven days. Furthermore, long-term investors anticipate a median target price of $18.59, showing growth from the present price of $17.24, which can serve as yet another indication of whether HBAN is worth investing in or should be passed over.
How Do You Analyze Huntington Bancshares, Inc Shares?
Huntington Bancshares, Inc (HBAN) is based in the USA and is one of the most prominent companies operating in the Banks – Regional market. When comparing Huntington Bancshares, Inc shares with other companies under Financial, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 16.74, there is a growth in quarterly earnings of -6.27%.
Apart from looking at the fundamentals, you should also pay attention to the number of company employees who own shares. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 1.18%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 84.88% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
HBAN shares are owned by institutional investors to the tune of 84.88% at present.
