Digging Up the Facts on Huntington Bancshares Incorporated (HBAN)

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 $16.29, down from yesterday’s close by -1.15%. 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 $17.55 Billion. That value represents a market adjusting for revenues that have been growing by 9.62 % 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 $1.58 Billion over the past twelve months. Generally speaking, earnings are expected to grow in coming quarters. Analysts are forecasting earnings of $0.28 on a per share basis this quarter. Perhaps, that suggests something about why 0.97% of the outstanding share supply is held by institutional investors.

Technical Analysis

No analysis is ever complete without a thorough survey of a stock’s technical behavior. Looking at the stock’s movement on the chart, Huntington Bancshares Incorporated recorded a 52-week high of $16.60. It is now trading 0.31% off that level. The stock is trading $15.74 its 50-day moving average by -0.55%. The stock carved out a 52-week low down at $12.14.

In recent action, Huntington Bancshares Incorporated (HBAN) has made a move of +5.23% 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 16.68, 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 1.14% with $1.06 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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