NASDAQ:HBAN

Huntington Bancshares (HBAN) Stock Price, News & Analysis

$13.77
+0.14 (+1.03%)
(As of 03:27 PM ET)
Today's Range
$13.46
$13.78
50-Day Range
$12.72
$14.04
52-Week Range
$9.13
$14.07
Volume
8.92 million shs
Average Volume
17.78 million shs
Market Capitalization
$19.97 billion
P/E Ratio
12.41
Dividend Yield
4.50%
Price Target
$15.17

Huntington Bancshares MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.69 Rating Score
Upside/​Downside
10.5% Upside
$15.17 Price Target
Short Interest
Healthy
1.86% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.43
Upright™ Environmental Score
News Sentiment
0.79mentions of Huntington Bancshares in the last 14 days
Based on 36 Articles This Week
Insider Trading
Selling Shares
$1.36 M Sold Last Quarter
Proj. Earnings Growth
16.39%
From $1.22 to $1.42 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.99 out of 5 stars

Finance Sector

2nd out of 855 stocks

National Commercial Banks Industry

2nd out of 83 stocks

HBAN stock logo

About Huntington Bancshares Stock (NASDAQ:HBAN)

Huntington Bancshares Incorporated is a regional bank holding company based in Columbus, Ohio, United States. Founded in 1866, the company provides full-service commercial and consumer banking services, including deposit accounts, loans, mortgages, credit cards, wealth management, and insurance services. The company operates over 900 branches across Ohio, Illinois, Indiana, Kentucky, Michigan, Pennsylvania, and West Virginia.

The company's leadership team is led by Chairman, President, and Chief Executive Officer Stephen D. Steinour. Steinour has been with Huntington Bancshares since 2009 and has led the company through significant growth, including acquiring FirstMerit Corporation in 2016, which expanded the company's presence in the Midwest. Other key leadership team members include Zachary J. Wasserman, Chief Financial Officer, and Helga Houston, Chief Risk Officer. 

Since 2020, Huntington Bancshares has seen unsteady growth in its key financial metrics. The company reports increased revenue and increased profits. The company's profit margin has remained steady at around 25% over the past few years. The company's debt levels have remained manageable, with a debt-to-equity on par with industry peers. The company's ownership structure has also remained stable. The largest institutional shareholder, Vanguard Group, Inc. Huntington Bancshares, trades at a price-to-earnings ratio below the industry average. The company's price-to-book ratio is slightly below the industry average as well. These metrics suggest that the company may be undervalued relative to its peers in the banking industry.

Regarding market performance, Huntington Bancshares has performed well in recent years. The company's stock price has steadily risen over the past three years recovering from a collapse in the stock price in Q1 of 2020. The company's trading volume has also remained steady, with an average daily volume of around 7 million shares.

The banking industry is highly regulated, and regulatory changes can significantly impact the industry. In recent years, there have been several regulatory changes that have affected the banking industry, including changes to the Dodd-Frank Act and the Consumer Financial Protection Bureau. These changes have increased compliance costs for banks and have placed additional regulatory burdens on the industry.

Huntington Bancshares faces competition from other regional and national banks, as well as from non-bank financial institutions. In particular, the rise of fintech companies has disrupted the traditional banking industry, with many consumers turning to digital banking solutions. Huntington Bancshares has responded to this trend by investing in its digital banking capabilities, including the launch of its digital-only bank, Huntington Digital Bank, in 2020.

Looking ahead, Huntington Bancshares has several growth opportunities. The company has continued to expand its presence in the Midwest through acquisitions and organic growth. It has also invested in its digital banking capabilities to meet changing consumer preferences. The company has also focused on expanding its wealth management and insurance services to provide additional sources of revenue. Additionally, the company has identified several markets where it believes it can expand its commercial and consumer banking services.

Despite these growth opportunities, Huntington Bancshares also faces several risks and challenges. Changes in consumer preferences and technology could disrupt the traditional banking industry, and regulatory changes could increase compliance costs and place additional regulatory burdens on the industry. Additionally, increased competition from fintech companies and non-bank financial institutions could impact the company's market share and revenue growth.

HBAN Stock Price History

HBAN Stock News Headlines

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Q1 2024 Huntington Bancshares Inc Earnings Call
Huntington Bancshares Incorporated (HBAN)
See More Headlines
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Company Calendar

Ex-Dividend for 4/1 Dividend
3/15/2024
Dividend Payable
4/01/2024
Last Earnings
4/19/2024
Today
4/24/2024
Next Earnings (Estimated)
7/19/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
National commercial banks
Sub-Industry
Regional Banks
Current Symbol
NASDAQ:HBAN
CUSIP
44615010
Employees
19,955
Year Founded
1866

Price Target and Rating

Average Stock Price Target
$15.17
High Stock Price Target
$16.00
Low Stock Price Target
$12.00
Potential Upside/Downside
+11.3%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.69
Research Coverage
16 Analysts

Profitability

Net Income
$1.95 billion
Pretax Margin
19.24%

Debt

Sales & Book Value

Annual Sales
$10.84 billion
Cash Flow
$2.07 per share
Book Value
$11.74 per share

Miscellaneous

Outstanding Shares
1,450,000,000
Free Float
1,436,660,000
Market Cap
$19.76 billion
Optionable
Optionable
Beta
1.11

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HBAN Stock Analysis - Frequently Asked Questions

Should I buy or sell Huntington Bancshares stock right now?

16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Huntington Bancshares in the last twelve months. There are currently 6 hold ratings, 9 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" HBAN shares.
View HBAN analyst ratings
or view top-rated stocks.

What is Huntington Bancshares' stock price target for 2024?

16 Wall Street analysts have issued 1 year price targets for Huntington Bancshares' shares. Their HBAN share price targets range from $12.00 to $16.00. On average, they expect the company's share price to reach $15.17 in the next twelve months. This suggests a possible upside of 10.5% from the stock's current price.
View analysts price targets for HBAN
or view top-rated stocks among Wall Street analysts.

How have HBAN shares performed in 2024?

Huntington Bancshares' stock was trading at $12.72 on January 1st, 2024. Since then, HBAN stock has increased by 7.9% and is now trading at $13.72.
View the best growth stocks for 2024 here
.

Are investors shorting Huntington Bancshares?

Huntington Bancshares saw a drop in short interest in March. As of March 31st, there was short interest totaling 26,950,000 shares, a drop of 36.5% from the March 15th total of 42,430,000 shares. Based on an average daily trading volume, of 17,480,000 shares, the days-to-cover ratio is currently 1.5 days.
View Huntington Bancshares' Short Interest
.

When is Huntington Bancshares' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Friday, July 19th 2024.
View our HBAN earnings forecast
.

How were Huntington Bancshares' earnings last quarter?

Huntington Bancshares Incorporated (NASDAQ:HBAN) released its quarterly earnings results on Friday, April, 19th. The bank reported $0.28 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.25 by $0.03. The bank earned $2.85 billion during the quarter, compared to analyst estimates of $1.74 billion. Huntington Bancshares had a trailing twelve-month return on equity of 11.99% and a net margin of 15.86%. During the same quarter in the previous year, the firm earned $0.38 EPS.
Read the conference call transcript
.

How often does Huntington Bancshares pay dividends? What is the dividend yield for Huntington Bancshares?

Huntington Bancshares announced a quarterly dividend on Friday, April 19th. Shareholders of record on Monday, June 17th will be paid a dividend of $0.155 per share on Monday, July 1st. This represents a $0.62 annualized dividend and a dividend yield of 4.52%. The ex-dividend date of this dividend is Monday, June 17th.
Read our dividend analysis for HBAN
.

Is Huntington Bancshares a good dividend stock?

Huntington Bancshares (NASDAQ:HBAN) pays an annual dividend of $0.62 per share and currently has a dividend yield of 4.58%. HBAN has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 55.86%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, HBAN will have a dividend payout ratio of 43.66% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for HBAN.

What is Steve Steinour's approval rating as Huntington Bancshares' CEO?

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.

What other stocks do shareholders of Huntington Bancshares own?

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).

Who are Huntington Bancshares' major shareholders?

Huntington Bancshares' stock is owned by a number of institutional and retail investors. Top institutional investors include Raymond James & Associates (0.51%), Sumitomo Mitsui Trust Holdings Inc. (0.28%), Raymond James Financial Services Advisors Inc. (0.12%), AMF Tjanstepension AB (0.12%), Los Angeles Capital Management LLC (0.06%) and Brookstone Capital Management (0.05%). Insiders that own company stock include Ann B Crane, David L Porteous, Donald Lee Dennis, Gary Torgow, Helga Houston, Jana J Litsey, Julie C Tutkovics, Kenneth J Phelan, 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
.

How do I buy shares of Huntington Bancshares?

Shares of HBAN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Does Huntington Bancshares have any subsidiaries?
The following companies are subsidiares of Huntington Bancshares: 41 South High Ltd., 7575 Corporation, 791 801 AND 803 W. Big Beaver Road LLC, AFL-HBAN Solar Trust, AM-HBAN Solar Trust, CASCADE Holdings LLC, CE Capital LLC, CFC-HBAN Solar Trust, CHEMBACO LLC, CREPD LLC, Camco Financial, Capstone Partners, Community Bank Insurance Agency Inc., FMRC Inc., First Merit Bank, FirstMerit Advisors Inc., FirstMerit Community Development Corporation, FirstMerit Securities Inc., FirstMerit Title Agency LTD., Forty-One Corporation, Fourteen Corporation, GC1-HBAN Solar Trust, Gateway One Lending & Finance LLC, HBI Payments Holdings Inc., HBI Specialty Insurance Inc., HBI Title Services Inc., HCFFL LLC, HLFB Inc., HMFAL II LLC, HMFAL LLC, HNB I LLC, HPAL Holdings LLC, HPAL II LLC, HPAL LLC, HPCDS Inc., HPCF Corporation, HPCKAL LLC, HPCLI Inc., HREIC Holdings LLC, Haberer Registered Investment Advisor Inc., Henry Acquisitions Inc., Huntington Bancshares Financial Corporation, Huntington Capital Financing Holdings I Inc., Huntington Capital Financing Holdings II Inc., Huntington Capital Financing OREO Inc., Huntington Capital I, Huntington Capital II, Huntington Captive Insurance Company, Huntington Equipment Finance Inc., Huntington Equity Investments LLC, Huntington Finance LLC, Huntington Funding LLC, Huntington Insurance Inc., Huntington LT, Huntington Merchant Services LLC, Huntington Mezzanine Opportunities Inc., Huntington Municipal Fund II Inc., Huntington Municipal Fund Inc., Huntington Municipal Securities Inc., Huntington New Markets CDE LLC, Huntington Preferred Capital II Inc., Huntington Preferred Capital Inc. *, Huntington Public Capital Corporation, Huntington Renewable Energy Investments LLC, Huntington Residential Mortgage Securities Inc., Huntington Securities Inc., Huntington Technology Finance Inc., Huntington West Inc., Hutchinson Shockey Erley & Co., J.G. Weisser Sohne GmbH & Co. KG, J.G. Weisser Sohne GmbH & Co. KG., Macquarie Equipment Finance, Metropolitan Savings Service Corporation, Midwest Funding LLC, Mobile Consultants Inc., Prospect Trust I, Rate Risk Management Advisors LLC, Red Iron Acceptance LLC, Red Mountain LLC, STB Auto Exchange LLC, Sky Capital LLC, Sky Financial Capital Trust III, Sky Financial Capital Trust IV, Sky Financial Group, TCF Agency Insurance Services Inc., TCF Auto Receivables LLC, TCF Bank International Inc., TCF Commercial Finance Australia Pty Ltd, TCF Commercial Finance Canada Inc., TCF Commercial Finance LLC, TCF Commercial Finance New Zealand Limited, TCF Financial, TCF Foundation, TCF Illinois Realty Investments LLC, TCF International Operations Inc., TCF Inventory Finance Inc., TCF Investments Management Inc., TCF Management Corporation, TCF Servicing Company LLC, TCF Trust, TCFIF Joint Venture I LLC, TVPX 2019 MSN 6800199 Business Trust, TVPX 9095 Business Trust, The Derlam Company, The Huntington Capital Investment Company, The Huntington Capital Investment Company II, The Huntington Community Development Corporation, The Huntington Investment Company, The Huntington Kentucky LLC, The Huntington Leasing Company, The Huntington National Bank, The Huntington Real Estate Investment Company, The Huntington Real Estate Investment Company II, Thirty-Seven Corporation, Torana, Tower Hill Securities Inc., Troy BNK Investors LLC, Unizan Capital LLC, and Winthrop Resources Holdings I LLC.
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This page (NASDAQ:HBAN) was last updated on 4/24/2024 by MarketBeat.com Staff

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