Huntington Bancshares (HBAN) Stock Forecast, Price & News

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Huntington Bancshares in the last twelve months. There are currently 7 hold ratings, 3 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street 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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11 equities research analysts have issued 12 month price targets for Huntington Bancshares' shares. Their HBAN share price forecasts range from $12.00 to $15.00. On average, they predict the company's share price to reach $13.13 in the next year. This suggests a possible upside of 27.7% 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 shares have decreased by 27.1% and is now trading at $10.28.
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The company is scheduled to release its next quarterly earnings announcement on Friday, October 20th 2023.
View our HBAN earnings forecast.

Huntington Bancshares will be holding an earnings conference call on Friday, October 20th at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link.

Huntington Bancshares Incorporated (NASDAQ:HBAN) released its quarterly earnings results on Friday, July, 21st. The bank reported $0.35 EPS for the quarter, topping the consensus estimate of $0.34 by $0.01. The bank had revenue of $2.72 billion for the quarter, compared to the consensus estimate of $1.84 billion. Huntington Bancshares had a trailing twelve-month return on equity of 15.20% and a net margin of 24.74%. During the same period in the previous year, the business posted $0.36 earnings per share.
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Huntington Bancshares declared a quarterly dividend on Wednesday, July 19th. Investors of record on Monday, September 18th will be given a dividend of $0.155 per share on Monday, October 2nd. This represents a $0.62 annualized dividend and a dividend yield of 6.03%. The ex-dividend date of this dividend is Friday, September 15th.
Read our dividend analysis for HBAN.

ETFs with the largest weight of Huntington Bancshares (NASDAQ:HBAN) stock in their portfolio include Tuttle Long Cramer Tracker ETF (LJIM), iShares U.S. Regional Banks ETF (IAT), Invesco KBW Bank ETF (KBWB), First Trust Nasdaq Bank ETF (FTXO), Proshares Equities For Rising Rates ETF (EQRR), First Trust Rising Dividend Achievers ETF (RDVY), FT Cboe Vest Rising Dividend Achievers Target Income ETF (RDVI) and Invesco High Yield Equity Dividend Achievers ETF (PEY).

Huntington Bancshares (NASDAQ:HBAN) pays an annual dividend of $0.62 per share and currently has a dividend yield of 6.01%. 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 48.82% 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 a variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (9.19%), State Street Corp (5.06%), Charles Schwab Investment Management Inc. (3.14%), Geode Capital Management LLC (2.24%), JPMorgan Chase & Co. (2.02%) and Boston Partners (1.52%). 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.
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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 $10.28.

Huntington Bancshares (NASDAQ:HBAN) has a market capitalization of $14.88 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.