Huntington Bancshares Stock Went Down By Over 20% In The Last 10 Sessions

(VIANEWS) – Shares of Huntington Bancshares (NASDAQ: HBAN) slid by a staggering 20.09% in 10 sessions from $13.74 at 2023-03-09, to $10.98 at 12:11 EST on Thursday, following the last session’s downward trend. NASDAQ is rising 2.49% to $11,960.52, after three consecutive sessions in a row of gains.

Huntington Bancshares’s last close was $11.01, 30.05% under its 52-week high of $15.74.

About Huntington Bancshares

Huntington Bancshares Incorporated operates as the bank holding company for The Huntington National Bank that provides commercial, consumer, and mortgage banking services in the United States. The company operates through four segments: Consumer and Business Banking; Commercial Banking; Vehicle Finance; and Regional Banking and The Huntington Private Client Group (RBHPCG). The Consumer and Business Banking segment offers financial products and services, such as checking accounts, savings accounts, money market accounts, certificates of deposit, credit cards, and consumer and small business loans, as well as investment products. This segment also provides mortgages, insurance, interest rate risk protection, foreign exchange, automated teller machine, and treasury management services, as well as online, mobile, and telephone banking services. It serves consumer and small business customers. The Commercial Banking segment offers regional commercial banking solutions for middle market businesses, government and public sector entities, and commercial real estate developers/REITs; and specialty banking solutions for healthcare, technology and telecommunications, franchise finance, sponsor finance, and global services industries. It also provides asset finance services; capital raising solutions, sales and trading, and corporate risk management products; institutional banking services; and treasury management services. The Vehicle Finance segment provides financing to consumers for the purchase of automobiles, light-duty trucks, recreational vehicles, and marine craft at franchised and other select dealerships, as well as to franchised dealerships for the acquisition of new and used inventory. The RBHPCG segment offers private banking, wealth and investment management, and retirement plan services. As of March 18, 2022, the company had approximately 1,000 branches in 11 states. Huntington Bancshares Incorporated was founded in 1866 and is headquartered in Columbus, Ohio.

Earnings Per Share

As for profitability, Huntington Bancshares has a trailing twelve months EPS of $1.14.

PE Ratio

Huntington Bancshares has a trailing twelve months price to earnings ratio of 9.61. Meaning, the purchaser of the share is investing $9.61 for every dollar of annual earnings.

The company’s return on equity, which measures the profitability of a business relative to shareholder’s equity, for the twelve trailing months is 12.13%.

Revenue Growth

Year-on-year quarterly revenue growth grew by 9.4%, now sitting on 6.97B for the twelve trailing months.

More news about Huntington Bancshares (HBAN).

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