Huntington Bancshares Incorporated operates as a holding company for The Huntington National Bank that provides commercial, small business, consumer, and mortgage banking services. The company's Consumer and Business Banking segment offers financial products and services, such as checking accounts, savings accounts, money market accounts, certificates of deposit, consumer loans, and small business loans; and investments, mortgages, insurance, interest rate risk protection, and foreign exchange and treasury management services. Its Commercial Banking segment provides corporate risk management services; institutional sales, trading, and underwriting services; treasury management services; and other financing solutions, as well as lends real estate developers, REITs, and other customers. The company's Vehicle Finance segment offers financing for automobiles, light-duty trucks, recreational vehicles, and marine craft at franchised dealerships; and financing the acquisition of new and used vehicle inventory of franchised dealerships. Its Regional Banking and The Huntington Private Client Group segment provides deposits, lending, other banking, wealth management, investment and portfolio management, fiduciary administration, trust, retirement plan and trust, and institutional and mutual fund custody services. The company provides online, mobile, and telephone banking services, as well as ATM services. As of December 31, 2017, it had 10 private client group offices and 956 branches. The company was founded in 1866 and is headquartered in Columbus, Ohio.
Industry, Sector and Symbol
Industry National commercial banks
Sub-IndustryRegional Banks
SectorFinance
SymbolNASDAQ:HBAN
CUSIP44615010
Phone614-480-8300
Debt
Debt-to-Equity Ratio0.85
Current Ratio0.88
Quick Ratio0.88
Price-To-Earnings
Trailing P/E Ratio15.77
Forward P/E Ratio12.77
P/E Growth1.07
Sales & Book Value
Annual Sales$4.74 billion
Price / Sales3.59
Cash Flow$1.4771 per share
Price / Cash10.46
Book Value$9.09 per share
Price / Book1.70
Profitability
EPS (Most Recent Fiscal Year)$0.98
Net Income$1.19 billion
Net Margins26.97%
Return on Equity12.64%
Return on Assets1.20%
Miscellaneous
Employees15,770
Outstanding Shares1,101,800,000
Huntington Bancshares (NASDAQ:HBAN) Frequently Asked Questions
What is Huntington Bancshares' stock symbol?
Huntington Bancshares trades on the NASDAQ under the ticker symbol "HBAN."
How often does Huntington Bancshares pay dividends? What is the dividend yield for Huntington Bancshares?
Huntington Bancshares declared a quarterly dividend on Thursday, April 19th. Stockholders of record on Monday, June 18th will be paid a dividend of $0.11 per share on Monday, July 2nd. This represents a $0.44 annualized dividend and a dividend yield of 2.85%. The ex-dividend date is Friday, June 15th. View Huntington Bancshares' Dividend History.
How will Huntington Bancshares' stock buyback program work?
Huntington Bancshares announced that its Board of Directors has authorized a stock repurchase plan on Thursday, June 29th 2017, which authorizes the company to repurchase $308,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to purchase up to 2.2% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's leadership believes its stock is undervalued.
How were Huntington Bancshares' earnings last quarter?
Huntington Bancshares Incorporated (NASDAQ:HBAN) issued its quarterly earnings results on Tuesday, April, 24th. The bank reported $0.28 EPS for the quarter, meeting the consensus estimate of $0.28. The bank earned $1.09 billion during the quarter, compared to analyst estimates of $1.10 billion. Huntington Bancshares had a net margin of 26.97% and a return on equity of 12.64%. Huntington Bancshares's revenue for the quarter was up 3.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.21 earnings per share. View Huntington Bancshares' Earnings History.
When is Huntington Bancshares' next earnings date?
What price target have analysts set for HBAN?
21 analysts have issued twelve-month target prices for Huntington Bancshares' shares. Their predictions range from $14.00 to $20.00. On average, they anticipate Huntington Bancshares' share price to reach $16.9750 in the next year. View Analyst Ratings for Huntington Bancshares.
What are Wall Street analysts saying about Huntington Bancshares stock?
Here are some recent quotes from research analysts about Huntington Bancshares stock:
- 1. According to Zacks Investment Research, "Shares of Huntington have outperformed the industry over the past six months. Yet, the company doesn’t have a decent earnings surprise history. It surpassed the Zacks Consensus Estimate in one of the trailing four quarters. With the Fed rate hikes, margin pressure for the company finally seems to be easing. Moreover, rising loans and deposits along with improved credit quality are tailwinds. Also, the company's strong liquidity position keeps it well poised to expand through strategic initiatives, which will support profitability in the long run. However, increasing cost base continues to deter bottom-line growth. Also, unsustainable capital deployment activities keep us apprehensive." (4/6/2018)
- 2. Vining Sparks analysts commented, "Continued strong earnings momentum along with a meaningfully higher return-on-tangible common equity should allow HBAN to continue to trade at around a 15x price-to-earnings multiple. This valuation coupled with continued double-digit EPS growth and a 2.7% dividend yield should produce a total shareholder return of over 20%." (1/23/2018)
Are investors shorting Huntington Bancshares?
Huntington Bancshares saw a increase in short interest in the month of May. As of May 31st, there was short interest totalling 11,885,402 shares, an increase of 23.8% from the May 15th total of 9,597,645 shares. Based on an average trading volume of 8,468,621 shares, the days-to-cover ratio is presently 1.4 days. Approximately 1.1% of the shares of the company are short sold. View Huntington Bancshares' Current Options Chain.
Who are some of Huntington Bancshares' key competitors?
Some companies that are related to Huntington Bancshares include PNC Financial Services Group (PNC), UBS Group (UBS), National Australia Bank (NABZY), DBS Grp HOLDING/S (DBSDY), Intesa Sanpaolo (ISNPY), Capital One Financial (COF), Mizuho Financial Group (MFG), BB&T (BBT), SunTrust Banks (STI), Standard Chartered (SCBFF), DANSKE Bk A/S/S (DNKEY), KeyCorp (KEY), Regions Financial (RF), BANCO DO BRASIL/S (BDORY) and Shinhan Financial Group (SHG).
Who are Huntington Bancshares' key executives?
Huntington Bancshares' management team includes the folowing people:
- Mr. Stephen D. Steinour, Chairman, Pres & CEO (Age 59)
- Mr. Howell D. McCullough III, Sr. EVP & CFO (Age 61)
- Mr. Paul G. Heller, Chief Technology and Operations Officer & Sr. EVP (Age 54)
- Ms. Helga S. Houston, Sr. EVP & Chief Risk Office (Age 57)
- Ms. Sandra E. Pierce, Private Client Group Director & Sr. EVP (Age 59)
Has Huntington Bancshares been receiving favorable news coverage?
News headlines about HBAN stock have trended somewhat positive on Thursday, according to Accern Sentiment. The research firm scores the sentiment of media coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Huntington Bancshares earned a coverage optimism score of 0.18 on Accern's scale. They also gave media headlines about the bank an impact score of 46.47 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock's share price in the next few days.
Who are Huntington Bancshares' major shareholders?
Huntington Bancshares' stock is owned by a number of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (6.33%), Boston Partners (2.73%), JPMorgan Chase & Co. (2.44%), The Manufacturers Life Insurance Company (1.13%), Dimensional Fund Advisors LP (1.09%) and Northern Trust Corp (1.07%). Company insiders that own Huntington Bancshares stock include Andrew J Harmening, Daniel J Neumeyer, David L Porteous, David S Anderson, Helga Houston, John C Inglis, Nancy E Maloney, Nicholas G Stanutz, Paul G Heller, Richard Remiker, Richard W Neu, Sandra E Pierce and Stephen D Steinour. View Institutional Ownership Trends for Huntington Bancshares.
Which major investors are selling Huntington Bancshares stock?
HBAN stock was sold by a variety of institutional investors in the last quarter, including Levin Capital Strategies L.P., The Manufacturers Life Insurance Company, Russell Investments Group Ltd., Boston Partners, Victory Capital Management Inc., Neuberger Berman Group LLC, Maltese Capital Management LLC and EJF Capital LLC. Company insiders that have sold Huntington Bancshares company stock in the last year include Daniel J Neumeyer, David L Porteous, Helga Houston, Nancy E Maloney, Nicholas G Stanutz and Paul G Heller. View Insider Buying and Selling for Huntington Bancshares.
Which major investors are buying Huntington Bancshares stock?
HBAN stock was acquired by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., FIL Ltd, Palisade Capital Management LLC NJ, BlackRock Inc., Wells Fargo & Company MN, Millennium Management LLC, Dimensional Fund Advisors LP and Uniplan Investment Counsel Inc.. Company insiders that have bought Huntington Bancshares stock in the last two years include Andrew J Harmening, John C Inglis, Richard W Neu and Stephen D Steinour. View Insider Buying and Selling for Huntington Bancshares.
How do I buy shares of Huntington Bancshares?
Shares of HBAN can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Huntington Bancshares' stock price today?
One share of HBAN stock can currently be purchased for approximately $15.45.
How big of a company is Huntington Bancshares?
Huntington Bancshares has a market capitalization of $16.93 billion and generates $4.74 billion in revenue each year. The bank earns $1.19 billion in net income (profit) each year or $0.98 on an earnings per share basis. Huntington Bancshares employs 15,770 workers across the globe.
How can I contact Huntington Bancshares?
Huntington Bancshares' mailing address is 41 South High Street, COLUMBUS OH, 43287. The bank can be reached via phone at 614-480-8300 or via email at [email protected]
MarketBeat Community Rating for Huntington Bancshares (HBAN)
MarketBeat's community ratings are surveys of what our community members think about Huntington Bancshares and other stocks. Vote "Outperform" if you believe HBAN will outperform the S&P 500 over the long term. Vote "Underperform" if you believe HBAN will underperform the S&P 500 over the long term. You may vote once every thirty days.
