With 7.67 million shares changed hands, the volume of the stock remained lighter than its average volume of 17.85 million shares. During the session, the Banks – Regional company that operates in wider Financial sector, reached to the highest price of $14.9 whereas the lowest price it dropped to was $14.485. The 52-week range on HBAN shows that it touched its highest point at $15.24 and its lowest point at $9.25 during that stretch. It currently has a 1-year price target of $16.42. With its current market cap of 21.48 billion, HBAN has annualized dividend of $0.62 while the current yield stands at 4.19%. Beta for the stock currently stands at 1.07.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of HBAN was up-trending over the past week, with a rise of 4.01%, but this was down by -1.07% over a month. Three-month performance surged to 8.27% while six-month performance rose 13.42%. The stock gained 32.76% in the past year, while it has gained 16.27% so far this year. A look at the trailing 12-month EPS for HBAN yields 1.05 with Next year EPS estimates of 1.38. For the next quarter, that number is 0.31. This implies an EPS growth rate of -4.45% for this year and 16.08% for next year. EPS is expected to grow by 4.90% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 0.68%.
Float and Shares Shorts:
At present, 1.45 billion HBAN shares are outstanding with a float of 1.43 billion shares on hand for trading. On 2024-08-15, short shares totaled 31.68 million, which was 218.00000000000003 higher than short shares on 1721001600. In addition to Mr. Stephen D. Steinour as the firm’s Chairman, President & CEO, Mr. Zachary J. Wasserman serves as its CFO & Senior EVP.
Institutional Ownership:
Through their ownership of 0.85385 of HBAN’s outstanding shares, institutional investors have minority control over the company.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for HBAN since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.
