Home Sectors Financial Services Trading Results: Huntington Bancshares (NASDAQ: HBAN)

Trading Results: Huntington Bancshares (NASDAQ: HBAN)

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Huntington Bancshares trades as part of the financial services sector and trades as part of the banking industry. The company CEO is Stephen D. Steinour. Huntington Bancshares Inc is a multi-state financial holding company. It provides full-service commercial, small business, consumer, and mortgage banking services, as well as automobile financing, investment management services, and among others.

Previous Intraday Trading Performance:

The HBAN stock showed a previous change of 2.55% with an open at 13.54 and a close of 13.69. It reached an intraday high of 13.81 and a low of 13.46.

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Liquidity:

The stock has a market cap of $14.4b with 1.1b shares outstanding, of which the float is 1.0b shares. Trading volume reached 14,201,703 shares compared to its average volume of 17,005,246 shares. Based on the current average volume and close price, the trading liquidity is good.

Historical Trading Performance:

Over the last five trading days, Huntington Bancshares shares returned 2.16% and in the past 30 trading days it returned -3.77%. Over three months, it changed 7.36%. In one year it has changed -3.10% and within that year its 52-week high was 16.53 and its 52-week low was 11.12. HBAN stock is 23.11% above its 52 Week Low.

Our calculations show a 200 day moving average of 14.04 and a 50 day moving average of 13.51. Currently HBAN stock is trading -2.48% below its 200 day moving average and may be a good opportunity to buy, but should check other indicators to confirm a buy signal.

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Earnings:

The last annual fiscal EPS for the company was reported at 1.21 that ended on 31st of December 2018, which according to the previous close, that is a PE of 11.31. Based on 9 analyst estimates, the consensus EPS for the next quarter is 0.32. The TTM EPS is 1.20, which comes to a TTM PE of 11.41. Historically, the PE high was 21.30 and the PE low was 9.70. If the stock reached its PE low, that would represent a price of 11.64, which is a decrease of -14.99%.

The dividend per share is currently 0.56, which is a dividend yield of 4.09%. Also, the payout ratio is 46.67%, therefore the dividend is safe according to our calculations. HBAN stock has a high dividend yield, but because the company has sufficient earnings to cover future dividends, it may be a good investment opportunity for an income portfolio.

Base on our calculations, the intrinsic value per share is 19.43, which means it is possibly undervalued and has a margin of safety of 29.53%

Indicators to Watch:

Based on the latest filings, there is 1.00% of insider ownership and 135.40% of institutional ownership. Short-interest is 0, which is 0.00% of shares outstanding. The short-interest ratio or days-to-cover ratio is 0.00.

The current calculated beta is 1.36

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Fundamental Indicators:

Based on last reported financials, the company’s return on equity is 13.47%, return on assets is 1.24%, profit margin is 26.40%, price-to-sales is 3.47 and price-to-book is 1.45.

Company Scores:

All scores are out of six:
 3  :Valuation Score
 3  :Past Performance Score
 6  :Financial Strength Score
 1  :Future Growth Score
 6  :Dividend Score
 3  :Overall Score

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John Jones
Worked for several Wall Street firms: Salomon Smith Barney, UBS, and Charles Schwab. Has developed skills and gained extensive experience over the years that is used today to uncover winning penny stocks.Also was an attorney for small businesses in Scottsdale, Arizona. That experience and understanding of law provides a unique perspective and edge in discovering quality companies in various industries.

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