With 31.68 million shares changed hands, the volume of the stock remained heavier than its average volume of 12.76 million shares. During the session, the Banks – Regional company that operates in wider Financial sector, reached to the highest price of $17.54 whereas the lowest price it dropped to was $17.16. The 52-week range on HBAN shows that it touched its highest point at $17.53 and its lowest point at $10.10 during that stretch. It currently has a 1-year price target of $16.96. With its current market cap of 25.25 billion, HBAN has annualized dividend of $0.62 while the current yield stands at 3.57%. 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 11.48%, but this was up by 16.33% over a month. Three-month performance surged to 27.70% while six-month performance rose 23.97%. The stock gained 66.48% in the past year, while it has gained 36.64% so far this year. A look at the trailing 12-month EPS for HBAN yields 1.03 with Next year EPS estimates of 1.34. For the next quarter, that number is 0.30. This implies an EPS growth rate of -3.78% for this year and 12.54% for next year. EPS is expected to grow by 4.08% 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 2024-10-15, short shares totaled 29.39 million, which was 202.0 higher than short shares on 1726185600. 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 0.85258 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 7 analysts follow the stock currently. There are 4 analysts who recommend BUY ratings, while 1 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 1 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With HBAN analysts setting a high price target of 19.0 and a low target of 15.0, the average target price over the next 12 months is 16.7. Based on these targets, HBAN could surge 9.32% to reach the target high and fall by -13.69% to reach the target low. Reaching the average price target will result in a decline of -3.91% from current levels.
Analysts have provided yearly estimates in a range of $1.20297 being high and $1.17339 being low. For HBAN, this leads to a yearly average estimate of $1.19311.
