With 0.1 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.17 million shares. During the session, the Banks – Regional company that operates in wider Financial sector, reached to the highest price of $15.7045 whereas the lowest price it dropped to was $15.44. The 52-week range on HBNC shows that it touched its highest point at $19.18 and its lowest point at $11.18 during that stretch. It currently has a 1-year price target of $19.70. With its current market cap of 681.96 million, HBNC has annualized dividend of $0.64 while the current yield stands at 4.10%. Beta for the stock currently stands at 1.06.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of HBNC was down-trending over the past week, with a drop of -3.17%, but this was down by -12.99% over a month. Three-month performance surged to 7.07% while six-month performance rose 23.61%. The stock gained 12.23% in the past year, while it has lost -3.17% so far this year. A look at the trailing 12-month EPS for HBNC yields 0.47 with Next year EPS estimates of 1.69. For the next quarter, that number is 0.40. This implies an EPS growth rate of -7.50% for this year and 18.67% for next year.
Float and Shares Shorts:
At present, 43.71 million HBNC shares are outstanding with a float of 42.43 million shares on hand for trading. On 2024-12-13, short shares totaled 0.59 million, which was 134.000005 higher than short shares on 1731628800. In addition to Mr. Thomas M. Prame as the firm’s CEO, President & Director, Ms. Kathie A. DeRuiter serves as its Executive VP & Senior Operations Officer.
Institutional Ownership:
Through their ownership of 0.68807 of HBNC’s outstanding shares, institutional investors have minority control over the company.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for HBNC since 2 analysts follow the stock currently. There are 1 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With HBNC analysts setting a high price target of 22.0 and a low target of 19.0, the average target price over the next 12 months is 20.0. Based on these targets, HBNC could surge 41.03% to reach the target high and rise by 21.79% to reach the target low. Reaching the average price target will result in a growth of 28.21% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $1.46469 being high and $1.37314 being low. For HBNC, this leads to a yearly average estimate of $1.424.
