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NASDAQ:HBAN

Huntington Bancshares (HBAN) Stock Price, News & Analysis

$15.01
+0.15 (+1.01%)
(As of 07/22/2024 ET)
Today's Range
$14.73
$15.08
50-Day Range
$12.34
$15.01
52-Week Range
$9.25
$15.08
Volume
23.47 million shs
Average Volume
17.52 million shs
Market Capitalization
$21.75 billion
P/E Ratio
13.52
Dividend Yield
4.13%
Price Target
$15.13

Huntington Bancshares MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.69 Rating Score
Upside/​Downside
3.3% Upside
$15.50 Price Target
Short Interest
Healthy
1.74% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.43
Upright™ Environmental Score
News Sentiment
0.65mentions of Huntington Bancshares in the last 14 days
Based on 32 Articles This Week
Insider Trading
Selling Shares
$2.15 M Sold Last Quarter
Proj. Earnings Growth
14.53%
From $1.17 to $1.34 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.

4.84 out of 5 stars

Finance Sector

45th out of 856 stocks

National Commercial Banks Industry

9th out of 84 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

270x more lucrative than NVIDIA???
Is the AI boom losing steam? According to the Wall Street Journal, the pace of innovation in AI is slowing down... Its usefulness is limited... And the cost of running AI remains "exorbitant."
Huntington Bancshares (NASDAQ:HBAN) Issues Quarterly Earnings Results
270x more lucrative than NVIDIA???
Is the AI boom losing steam? According to the Wall Street Journal, the pace of innovation in AI is slowing down... Its usefulness is limited... And the cost of running AI remains "exorbitant."
Huntington Bancshares Q2 Earnings and Revenues Beat Estimates
See More Headlines
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Company Calendar

Ex-Dividend for 7/1 Dividend
6/17/2024
Dividend Payable
7/01/2024
Last Earnings
7/19/2024
Today
7/23/2024
Next Earnings (Estimated)
10/18/2024
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
$15.50
High Stock Price Target
$18.00
Low Stock Price Target
$13.50
Potential Upside/Downside
+0.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.69
Research Coverage
17 Analysts

Profitability

Net Income
$1.95 billion
Pretax Margin
19.24%

Debt

Sales & Book Value

Annual Sales
$10.84 billion
Cash Flow
$2.04 per share
Book Value
$11.74 per share

Miscellaneous

Outstanding Shares
1,449,250,000
Free Float
1,436,356,000
Market Cap
$21.75 billion
Optionable
Optionable
Beta
1.06

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HBAN Stock Analysis - Frequently Asked Questions

How have HBAN shares performed this year?

Huntington Bancshares' stock was trading at $12.72 on January 1st, 2024. Since then, HBAN stock has increased by 18.0% and is now trading at $15.01.
View the best growth stocks for 2024 here
.

How were Huntington Bancshares' earnings last quarter?

Huntington Bancshares Incorporated (NASDAQ:HBAN) announced its earnings results on Friday, July, 19th. The bank reported $0.30 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.28 by $0.02. The bank earned $2.97 billion during the quarter, compared to analyst estimates of $1.81 billion. Huntington Bancshares had a net margin of 15.86% and a trailing twelve-month return on equity of 11.99%.
Read the conference call transcript
.

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.

Does Huntington Bancshares have any subsidiaries?

Huntington Bancshares subsidiaries include these companies: Torana, Capstone Partners, TCF Financial, Hutchinson Shockey Erley & Co., First Merit Bank, Macquarie Equipment Finance, Camco Financial, and others.

Who are Huntington Bancshares' major shareholders?

Huntington Bancshares' top institutional investors include Raymond James & Associates (0.46%), Sumitomo Mitsui Trust Holdings Inc. (0.26%), Randolph Co Inc (0.13%) and Raymond James Financial Services Advisors Inc. (0.12%). Insiders that own company stock include Gary Torgow, Helga Houston, Stephen D Steinour, Paul G Heller, Brantley J Standridge, Rajeev Syal, Zachary Jacob Wasserman, Julie C Tutkovics, Scott D Kleinman, Ann B Crane, Steven Lee Rhodes, Kenneth J Phelan, Richard H King, Kendall A Kowalski, David L Porteous, Michael Scott Jones, Rafael Diaz-Granados, Richard A Pohle, Donald Lee Dennis and Jana J Litsey.
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.

What other stocks do shareholders of Huntington Bancshares own?

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

This page (NASDAQ:HBAN) was last updated on 7/23/2024 by MarketBeat.com Staff

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