With 17.46 million shares changed hands, the volume of the stock remained heavier than its average volume of 16.08 million shares. During the session, the Banks – Regional company that operates in wider Financial sector, reached to the highest price of $17.41 whereas the lowest price it dropped to was $17.12. The 52-week range on HBAN shows that it touched its highest point at $18.44 and its lowest point at $12.05 during that stretch. It currently has a 1-year price target of $19.22. With its current market cap of 24.99 billion, HBAN has annualized dividend of $0.62 while the current yield stands at 3.60%. HBAN paid its most recent dividend on 1734480000, while the ex-dividend date for that was 1734480000. Beta for the stock currently stands at 1.10.
Price Performance and Earnings:
Three-month performance surged to 10.12% while six-month performance rose 15.05%. The stock gained 31.10% in the past year, while it has gained 5.72% so far this year. A look at the trailing 12-month EPS for HBAN yields 1.22 with Next year EPS estimates of 1.56. For the next quarter, that number is 0.32. This implies an EPS growth rate of 14.18% for this year and 12.17% for next year. EPS is expected to grow by 12.23% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -0.74%.
Float and Shares Shorts:
At present, 1.45 billion HBAN shares are outstanding with a float of 1.44 billion shares on hand for trading. On 2024-12-31, short shares totaled 42.51 million, which was 293.0 higher than short shares on 1732838400. 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 0.85884005 of HBAN’s outstanding shares, institutional investors have minority control over the company.
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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 22.0 and a low target of 14.5, the average target price over the next 12 months is 18.88889. Based on these targets, HBAN could surge 27.91% to reach the target high and fall by -15.7% to reach the target low. Reaching the average price target will result in a growth of 9.82% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $1.22363 being high and $1.19402 being low. For HBAN, this leads to a yearly average estimate of $1.20389. Based on analyst estimates, the high estimate for the next quarter is $0.36 and the low estimate is $0.32. The average estimate for the next quarter is thus $0.34.
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