While Huntington Bancshares, Inc. has overperformed by 3.17%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, HBAN fell by -10.75%, with highs and lows ranging from $15.36 to $9.13, whereas the simple moving average jumped by 17.67% in the last 200 days.
On February 27, 2024, DA Davidson Upgraded Huntington Bancshares, Inc. (NASDAQ: HBAN) to Buy. A report published by UBS on February 14, 2024, Upgraded its rating to ‘Buy’ for HBAN. Evercore ISI also Upgraded HBAN shares as ‘Outperform’, setting a target price of $15 on the company’s shares in a report dated January 03, 2024. Barclays January 02, 2024d the rating to Equal Weight on January 02, 2024, and set its price target from $12 to $15. Wolfe Research October 23, 2023d its ‘Underperform’ rating to ‘Peer Perform’ for HBAN, as published in its report on October 23, 2023. Citigroup’s report from September 29, 2023 suggests a price prediction of $12 for HBAN shares, giving the stock a ‘Buy’ rating. JP Morgan also rated the stock as ‘Neutral’.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
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 18.40%, 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 10.52% 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 17.63M. On a monthly basis, the volatility of the stock is set at 2.23%, whereas on a weekly basis, it is put at 2.06%, with a gain of 4.54% over the past seven days. Furthermore, long-term investors anticipate a median target price of $14.47, showing growth from the present price of $13.36, 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 10.79, there is a growth in quarterly earnings of -65.17%.
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 1.23%. 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 82.04% 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 82.04% at present.
