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
Stock Exchange NASDAQ
Industry National commercial banks
Sub-IndustryRegional Banks
SectorFinance
SymbolNASDAQ:HBAN
CUSIP44615010
Phone614-480-2265
Debt
Debt-to-Equity Ratio0.95
Current Ratio0.90
Quick Ratio0.90
Price-To-Earnings
Trailing P/E Ratio16.49
Forward P/E Ratio13.02
P/E Growth1.03
Sales & Book Value
Annual Sales$4.74 billion
Price / Sales3.76
Cash Flow$1.4972 per share
Price / Cash10.78
Book Value$9.09 per share
Price / Book1.78
Profitability
EPS (Most Recent Fiscal Year)$0.98
Net Income$1.19 billion
Net Margins27.90%
Return on Equity12.93%
Return on Assets1.24%
Miscellaneous
Employees15,770
Outstanding Shares1,104,230,000
Market Cap$17.49 billion
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 announced a quarterly dividend on Wednesday, July 18th. Shareholders of record on Monday, September 17th will be given a dividend of $0.14 per share on Monday, October 1st. This represents a $0.56 annualized dividend and a yield of 3.47%. The ex-dividend date is Friday, September 14th. This is a boost from Huntington Bancshares's previous quarterly dividend of $0.11. View Huntington Bancshares' Dividend History.
How will Huntington Bancshares' stock buyback program work?
Huntington Bancshares declared that its Board of Directors has initiated a stock repurchase program on Thursday, June 29th 2017, which authorizes the company to buyback $308,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to repurchase up to 2.2% of its shares through open market purchases. Shares buyback programs are generally a sign that the company's board of directors believes its shares are undervalued.
How were Huntington Bancshares' earnings last quarter?
Huntington Bancshares Incorporated (NASDAQ:HBAN) posted its earnings results on Wednesday, July, 25th. The bank reported $0.30 EPS for the quarter, beating the consensus estimate of $0.29 by $0.01. The bank had revenue of $1.12 billion for the quarter, compared to analysts' expectations of $1.13 billion. Huntington Bancshares had a net margin of 27.90% and a return on equity of 12.93%. During the same quarter in the prior year, the firm posted $0.26 EPS. View Huntington Bancshares' Earnings History.
When is Huntington Bancshares' next earnings date?
What price target have analysts set for HBAN?
20 analysts have issued 1 year price objectives for Huntington Bancshares' stock. Their predictions range from $14.00 to $20.00. On average, they anticipate Huntington Bancshares' share price to reach $17.05 in the next year. This suggests a possible upside of 5.7% from the stock's current price. View Analyst Price Targets for Huntington Bancshares.
What is the consensus analysts' recommendation for Huntington Bancshares?
20 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Huntington Bancshares in the last year. There are currently 9 hold ratings and 11 buy ratings for the stock, resulting in a consensus recommendation of "Buy." 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 three months. The company possesses a decent earnings surprise history, beating the Zacks Consensus Estimate in one of the trailing four quarters, and in-line results in the remaining three. The company’s second-quarter 2018 earnings were driven by higher revenues. Continued growth in loan and deposit balances was also recorded. Consistent rise in cost base continues to deter bottom-line growth. Also, unsustainable capital-deployment activities keep us apprehensive. However, with the Fed rate hikes, margin pressure for the company 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 over the long run." (8/3/2018)
- 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 July. As of July 31st, there was short interest totalling 32,396,163 shares, an increase of 212.0% from the July 13th total of 10,384,010 shares. Based on an average daily trading volume, of 9,093,019 shares, the days-to-cover ratio is presently 3.6 days. Currently, 3.0% of the company's stock are sold short. 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), Industrial & Cmrcl Bnk f China (IDCBY), UBS Group (UBS), National Australia Bank (NABZY), DBS Grp HOLDING/S (DBSDY), Capital One Financial (COF), Mizuho Financial Group (MFG), Intesa Sanpaolo (ISNPY), BB&T (BBT), SunTrust Banks (STI), Standard Chartered (SCBFF), DANSKE Bk A/S/S (DNKEY), BANCO DO BRASIL/S (BDORY), KeyCorp (KEY) and Regions Financial (RF).
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, Sr. EVP of Private Client Group & Regional Banking Director (Age 59)
Has Huntington Bancshares been receiving favorable news coverage?
Press coverage about HBAN stock has been trending somewhat positive recently, according to Accern Sentiment Analysis. The research firm identifies positive and negative press coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Huntington Bancshares earned a daily sentiment score of 0.05 on Accern's scale. They also gave media stories about the bank an impact score of 46.86 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company's share price in the immediate future. View Recent Headlines for Huntington Bancshares.
Who are Huntington Bancshares' major shareholders?
Huntington Bancshares' stock is owned by many different of retail and institutional investors. Top institutional investors include FMR LLC (7.88%), BlackRock Inc. (6.29%), Boston Partners (2.79%), Dimensional Fund Advisors LP (1.12%), Bank of America Corp DE (1.08%) and Bank of New York Mellon Corp (0.78%). 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 institutional investors are selling Huntington Bancshares stock?
HBAN stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, Millennium Management LLC, Renaissance Technologies LLC, Morgan Stanley, EJF Capital LLC, Bank of America Corp DE, Canada Pension Plan Investment Board and State of Wisconsin Investment Board. 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, Paul G Heller and Richard Remiker. View Insider Buying and Selling for Huntington Bancshares.
Which institutional investors are buying Huntington Bancshares stock?
HBAN stock was purchased by a variety of institutional investors in the last quarter, including Stelliam Investment Management LP, Janus Henderson Group PLC, LSV Asset Management, Zacks Investment Management, Algebris UK Ltd, Standard Life Aberdeen plc, Payden & Rygel and Glenmede Trust Co. NA. 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 $16.13.
How big of a company is Huntington Bancshares?
Huntington Bancshares has a market capitalization of $17.49 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 614-480-2265 or via email at [email protected]
MarketBeat Community Rating for Huntington Bancshares (NASDAQ 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.
