HBAN Is Down 10% After 90 Days. What History Says Now

HBAN Exits Yellow Zone After 93 Days. What History Says

Huntington Bancshares Incorporated (HBAN) is down 9.7% from its all-time high as of June 23, 2026, and has been in this drawdown for approximately 93 days. The Drawdown Severity Score™ has improved to 1.7, placing it in the green zone with a Slightly Elevated risk classification. In 35 comparable prior drops of 5% or more, the stock took an average of 390 days to recover.

What Caused the Recovery?

The transition of Huntington Bancshares out of the yellow zone was driven by a combination of fundamental stability and institutional interest. According to Yahoo Finance, the company has been recognized as one of the best dividend stocks to buy under $25, which helped attract income-focused investors looking for defensive assets. This renewed interest helped the stock establish a firm price floor during its recent consolidation phase.

Additionally, institutional trading dynamics have provided a tailwind for the stock. Stock Traders Daily reported that the price action of HBAN began shifting rotational strategy timing for systematic portfolios, leading to increased buying pressure. Positive sentiment surrounding the company's CHIPS integration, as highlighted by Simply Wall St, also contributed to the stabilization of the stock, helping it transition from the yellow zone back into the green zone.

The Journey: Drawdown Duration and Depth

The current drawdown began 93 days prior to June 23, 2026, when the stock peaked at its all-time high of $19.27. From that peak, selling pressure dragged the stock down to its current price of $17.40, representing a total decline of 9.7%. During the deepest parts of this sell-off, the stock crossed into the yellow zone, signaling elevated risk for investors tracking the asset.

While the stock spent significant time under pressure, the recent upward movement has successfully mitigated some of the immediate downside momentum. The transition back to the green zone suggests that the selling pressure has exhausted itself for now, allowing the stock to stabilize. However, reclaiming the previous peak will still require a sustained upward trend.

Recovery By the Numbers

As of June 23, 2026, HBAN is trading at $17.40, which is exactly 9.7% below its all-time high of $19.27. The Drawdown Severity Score™ has improved to 1.7, which is classified as Slightly Elevated. This score indicates that while the stock is no longer in a high-risk zone, it has not yet fully returned to a neutral state.

To completely erase this drawdown and reclaim its all-time high, the stock must gain approximately 10.75% from its current price. This recovery process will depend heavily on whether the stock can maintain its current support levels. Investors will be watching closely to see if the current momentum is strong enough to carry the stock back toward its previous peak.

Understanding the Drawdown Severity Score™

Our proprietary Drawdown Severity Score™ is a dynamic metric that measures the intensity of an asset's price decline relative to its own historical volatility and drawdown patterns. A score of 1.7 places HBAN in the green zone, which carries a Slightly Elevated risk classification. This is a clear improvement from the yellow zone, which represents a higher risk state where selling pressure is more pronounced.

By analyzing both the depth and duration of the current decline, the severity score provides a normalized view of risk that goes beyond simple percentage declines. For example, a 9.7% decline in a highly volatile stock might result in a very low severity score, whereas the same decline in a historically stable regional bank stock like HBAN signals a more meaningful shift in trend. This explains why the current score of 1.7 still carries a Slightly Elevated classification despite the stock recovering enough to exit the yellow zone.

Historical Context: Comparing Past Pullbacks

To understand what lies ahead for HBAN, we must look at how the stock has behaved during previous declines. Historically, HBAN has experienced 104 total drawdown events. The average maximum drawdown across all of these historical events is -7.1%, with an average drawdown duration of 137 days.

However, when we isolate deeper declines of 5% or more, the historical timeline changes significantly. Our data shows that HBAN has dropped by 5% or more 35 times in its history. The average duration of these comparable drops is 390 days, which is substantially longer than the average for all pullbacks.

This historical data shows that while the current 93-day duration is shorter than the average 5%+ drop duration of 390 days, it has already surpassed the average drawdown duration of 137 days when including all minor pullbacks. The depth of -9.7% is also deeper than the historical average max drawdown of -7.1%.

Valuation Analysis and Risk Framing

As of 2026-06-24, the valuation metrics present a mixed historical context when contrasted with the current -9.7% price drawdown. The Price-to-Sales (P/S) ratio stands at 2.5, placing it in the 61st percentile of its own daily history since 2006-06-23, which is within its typical historical range relative to its historical median of 2.2. Meanwhile, the EV-to-EBITDA ratio is 16.8, ranking in the 82nd percentile of its daily record since 2006-06-23, positioning this multiple above its own typical historical range when compared to its historical median of 11.7. This divergence indicates that while the price drawdown has brought the P/S multiple closer to its historical median, the enterprise value relative to operating earnings remains elevated compared to historical norms.

Is the Pullback Over? What the Data Suggests

While the transition to a Slightly Elevated severity score of 1.7 indicates a positive shift, historical patterns suggest that recoveries are rarely linear. With 35 comparable drops of 5% or more taking an average of 390 days to fully resolve, the current 93-day duration suggests that the stock could remain in a prolonged recovery phase. Investors should prepare for the possibility of extended consolidation before the stock makes a clean run at its previous highs.

Recent insider activity also warrants attention. According to Stock Titan, a Huntington Bancshares director reported the sale of 223,522 shares, which may signal caution among internal stakeholders. Simply Wall St also raised questions regarding recent insider selling patterns, which historically can create short-term headwinds even as technical indicators improve.

Furthermore, broader industry trends will continue to play a major role in the stock's trajectory. Yahoo Finance noted that comparing Huntington Bancshares' performance to other regional bank stocks is crucial, as sector-wide factors like interest rate expectations and credit quality trends often dictate individual stock recoveries. If the regional banking sector faces renewed headwinds, HBAN could easily retest its recent lows.

Key Levels and Severity Scores to Monitor

Investors tracking HBAN should monitor several key levels based on our proprietary data. The primary threshold is the current price of $17.40, which serves as the baseline for the current recovery. To maintain its position in the green zone, the stock must avoid crossing back into the yellow zone, which would occur if the severity score rises above its current 1.7 level.

A drop below the current price of $17.40 would increase the drawdown depth beyond -9.7%, potentially pushing the severity score back up. Conversely, a continued move toward the all-time high of $19.27 will keep lowering the severity score toward zero, indicating a complete risk normalization. Tracking these specific levels will help investors objectively assess whether the recovery is gaining strength or losing momentum.