Huntington Bancshares (HBAN) Stock Forecast, Price & News

13 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Huntington Bancshares in the last year. There are currently 1 sell rating, 7 hold ratings, 4 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" HBAN shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in HBAN, but not buy additional shares or sell existing shares.
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13 analysts have issued 1 year price objectives for Huntington Bancshares' shares. Their HBAN share price forecasts range from $11.00 to $16.00. On average, they predict the company's stock price to reach $13.83 in the next year. This suggests a possible upside of 27.0% from the stock's current price.
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Huntington Bancshares' stock was trading at $14.10 at the start of the year. Since then, HBAN stock has decreased by 22.8% and is now trading at $10.89.
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Huntington Bancshares saw a increase in short interest in May. As of May 15th, there was short interest totaling 50,830,000 shares, an increase of 7.9% from the April 30th total of 47,090,000 shares. Based on an average daily trading volume, of 21,580,000 shares, the days-to-cover ratio is currently 2.4 days.
View Huntington Bancshares' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, July 20th 2023.
View our HBAN earnings forecast.

Huntington Bancshares Incorporated (NASDAQ:HBAN) posted its quarterly earnings results on Thursday, April, 20th. The bank reported $0.38 EPS for the quarter, topping the consensus estimate of $0.37 by $0.01. The bank earned $2.54 billion during the quarter, compared to analysts' expectations of $1.90 billion. Huntington Bancshares had a trailing twelve-month return on equity of 15.33% and a net margin of 27.06%. During the same quarter last year, the business earned $0.32 EPS.
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Huntington Bancshares declared a quarterly dividend on Wednesday, April 19th. Shareholders of record on Monday, June 19th will be given a dividend of $0.155 per share on Monday, July 3rd. This represents a $0.62 annualized dividend and a dividend yield of 5.69%. The ex-dividend date is Thursday, June 15th.
Read our dividend analysis for HBAN.

ETFs with the largest weight of Huntington Bancshares (NASDAQ:HBAN) stock in their portfolio include iShares U.S. Regional Banks ETF (IAT), Invesco KBW Bank ETF (KBWB), SPDR S&P Regional Banking ETF (KRE), First Trust Nasdaq Bank ETF (FTXO), Proshares Equities For Rising Rates ETF (EQRR), First Trust NASDAQ Rising Dividend Achievers (RDVY), FT Cboe Vest Rising Dividend Achievers Target Income ETF (RDVI).First Trust Dorsey Wright Momentum & Dividend ETF (DDIV).

Huntington Bancshares (NASDAQ:HBAN) pays an annual dividend of $0.62 per share and currently has a dividend yield of 5.93%. HBAN has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 40.00%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, HBAN will have a dividend payout ratio of 45.26% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for HBAN.

1,027 employees have rated Huntington Bancshares Chief Executive Officer Steve Steinour on Glassdoor.com. Steve Steinour has an approval rating of 88% among the company's employees. 69.0% of employees surveyed would recommend working at Huntington Bancshares to a friend.

Based on aggregate information from My MarketBeat watchlists, some companies that other Huntington Bancshares investors own include General Electric (GE), Bank of America (BAC), AT&T (T), Ford Motor (F), KeyCorp (KEY), Wells Fargo & Company (WFC), JPMorgan Chase & Co. (JPM), AbbVie (ABBV), Energy Transfer (ET) and Verizon Communications (VZ).

Huntington Bancshares trades on the NASDAQ under the ticker symbol "HBAN."

Huntington Bancshares' stock is owned by many different retail and institutional investors. Top institutional investors include BlackRock Inc. (9.53%), State Street Corp (5.12%), Price T Rowe Associates Inc. MD (4.63%), Charles Schwab Investment Management Inc. (3.03%), FMR LLC (2.60%) and Geode Capital Management LLC (2.20%). Insiders that own company stock include David L Porteous, Donald Lee Dennis, Gary Torgow, Helga Houston, Jana J Litsey, Julie C Tutkovics, Kenneth J Phelan, Mark E Thompson, Michael Scott Jones, Paul G Heller, Rafael Diaz-Granados, Rajeev Syal, Richard A Pohle, Richard H King, Sandra E Pierce, Sandra E Pierce, Scott D Kleinman, Stephen D Steinour, Steven Lee Rhodes and Zachary Jacob Wasserman.
View institutional ownership trends.

Shares of HBAN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of HBAN stock can currently be purchased for approximately $10.89.

Huntington Bancshares (NASDAQ:HBAN) has a market capitalization of $15.72 billion and generates $7.95 billion in revenue each year. The bank earns $2.24 billion in net income (profit) each year or $1.55 on an earnings per share basis.

The company employs 19,920 workers across the globe.

Huntington Bancshares' mailing address is 41 South High Street, COLUMBUS OH, 43287. The official website for the company is www.huntington.com. The bank can be reached via phone at (614) 480-2665, via email at huntington.investor.relations@huntington.com, or via fax at 614-480-3761.