HBAN Stock Summary and Trading Ideas (Huntington Bancshares | NASDAQ:HBAN)

Huntington Bancshares Inc is a regional bank holding company headquartered in Columbus, Ohio. The bank operates in two business segments: Consumer & Regional Banking and Commercial Banking. The bank derives the maximum of its revenue from the Consumer & Business Banking segment. The other segment of the bank consists of Treasury and others. The bank also provides auto dealer, equipment finance, investment management, trust, brokerage, capital market services, and other services.

Huntington Bancshares trades on the NASDAQ stock market under the symbol HBAN.

As of April 16, 2024, HBAN stock price declined to $12.97 with 3,491,695 million shares trading.

HBAN has a beta of 1.59, meaning it tends to be more sensitive to market movements. HBAN has a correlation of 0.33 to the broad based SPY ETF.

HBAN has a market cap of $18.78 billion. This is considered a Large Cap stock.

Last quarter Huntington Bancshares reported $2 billion in Revenue and $.27 earnings per share. This fell short of revenue expectation by $-49 million and met earnings estimates .

In the last 3 years, HBAN stock traded as high as $17.79 and as low as $9.13.

The top ETF exchange traded funds that HBAN belongs to (by Net Assets): VTI, VOO, VO, SCHD, DVY.

HBAN has underperformed the market in the last year with a price return of +19.1% while the SPY ETF gained +23.6%. HBAN has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +4.8% and -5.5%, respectively, while the SPY returned +5.9% and -3.6%, respectively.

HBAN support price is $13.02 and resistance is $13.51 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that HBAN stock will trade within this expected range on the day.