At the time of writing, Huntington Bancshares, Inc. [HBAN] stock is trading at $13.34, down -0.22%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The HBAN shares have gain 2.62% over the last week, with a monthly amount glided 4.38%, and seem to be holding up well over a long-time horizon.
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On 26, March 2024, Huntington National Bank receives 2023 Greenwich Best Brand, Excellence Awards for middle market and business banking. In a post published today on Yahoo Finance, The Huntington National Bank has received seven awards from Coalition Greenwich for the banking, financing and investing services it delivered to small businesses and middle market companies last year.
From an analyst’s perspective:
Huntington Bancshares, Inc. [NASDAQ: HBAN] stock has seen the most recent analyst activity on February 27, 2024, when DA Davidson upgraded its rating to a Buy and also boosted its price target to $15.50 from $14. Previously, UBS upgraded its rating to Buy on February 14, 2024, and elevated its price target to $15. On January 03, 2024, upgrade upgraded it’s rating to Outperform and revised its price target to $15 on the stock. Barclays upgraded its rating to a Equal Weight and increased its price target to $15 on January 02, 2024. Wolfe Research upgraded its rating to a Peer Perform. Citigroup started tracking with a Buy rating for this stock on September 29, 2023, and assigned it a price target of $12. In a note dated July 25, 2023, JP Morgan upgraded an Neutral rating on this stock and boosted its target price from $12 to $13.
For the past year, the stock price of Huntington Bancshares, Inc. fluctuated between $9.13 and $13.77. Currently, Wall Street analysts expect the stock to reach $16.8 within the next 12 months. Huntington Bancshares, Inc. [NASDAQ: HBAN] shares were valued at $13.34 at the most recent close of the market. An investor can expect a potential return of 25.94% based on the average HBAN price forecast.
Analyzing the HBAN fundamentals
According to Huntington Bancshares, Inc. [NASDAQ:HBAN], the company’s sales were 10.77B for trailing twelve months, which represents an 18.40% jump. Gross Profit Margin for this corporation currently stands at 1.0% with Operating Profit Margin at 0.4%, Pretax Profit Margin comes in at 0.32%, and Net Profit Margin reading is 0.26%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.1 and Total Capital is 0.02. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.64.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 13.29 points at the first support level, and at 13.25 for the second support level. However, for the 1st resistance point, the stock is sitting at 13.42, and for the 2nd resistance point, it is at 13.51.
Ratios To Look Out For
It is important to note that Huntington Bancshares, Inc. [NASDAQ:HBAN] has a current ratio of 0.08. Considering the valuation of this stock, the price to sales ratio is 1.80, the price to book ratio is 1.14 and price to earnings (TTM) ratio is 10.78.
Transactions by insiders
Recent insider trading involved CRANE ANN B, Director, that happened on Mar 08 ’24 when 58000.0 shares were sold. Senior Exec. V.P., Tutkovics Julie C completed a deal on Feb 20 ’24 to sell 15541.0 shares. Meanwhile, Senior Exec. V. P. Houston Helga sold 28700.0 shares on Jan 30 ’24.
