Huntington Bancshares Incorporated (HBAN): From Top to Bottom

Huntington Bancshares Incorporated (HBAN) is an interesting player in the Financial space, with a focus on Regional – Midwest Banks. The stock has been active on the tape, currently trading at $15.55, down from yesterday’s close by -0.26%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.

Fundamental Analysis

Huntington Bancshares Incorporated (HBAN) currently trades with a market capitalization of $17.02 Billion. That value represents a market adjusting for revenues that have been growing by 11.41 % on a quarterly year/year basis as of the company’s last quarterly report.

You can get a sense of how sustainable that is by a levered free cash flow of $1.72 Billion over the past twelve months. Generally speaking, earnings are expected to grow in coming quarters. Analysts are forecasting earnings of $0.29 on a per share basis this quarter. Perhaps, that suggests something about why 0.98% of the outstanding share supply is held by institutional investors.

Technical Analysis

Sometimes, we can understand most about a stock by simply looking at how it has been trading. Looking at the stock’s movement on the chart, Huntington Bancshares Incorporated recorded a 52-week high of $16.60. It is now trading 1.05% off that level. The stock is trading $15.01 its 50-day moving average by -0.54%. The stock carved out a 52-week low down at $12.14.

In recent action, Huntington Bancshares Incorporated (HBAN) has made a move of +2.64% over the past month, which has come on weak relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 14.57, and it’s gotten there by action that has been more volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 0.88% with $1.09 Billion sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of HBAN.

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