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Sell Every Stock, Except ONE (Ticker Revealed) (Ad)
3 Mid Caps You Haven't Heard Of But Need To Know About
Why Turkey's currency is crashing after Erdogan got reelected
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Will NIO Partake In China's Economic Awakening?
"Unknown laser company making HUGE profit from Russia-Ukraine War" (Ad)
Cactus Opens The Cash Flow Wellhead With Flexsteel Acquisition 
BJ's Restaurants' Approaching Buy Point As Earnings Surge 150%
S&P 500   4,298.86
DOW   33,876.78
QQQ   354.50
3 EV Stocks You Need To Have On Your Watchlist
Sell Every Stock, Except ONE (Ticker Revealed) (Ad)
3 Mid Caps You Haven't Heard Of But Need To Know About
Why Turkey's currency is crashing after Erdogan got reelected
Trade Smarter: Discover Hidden Opportunities w/ A.I. (Ad)
Even at $2,000+ Per Share, These 3 Stocks Are Deals
Will NIO Partake In China's Economic Awakening?
"Unknown laser company making HUGE profit from Russia-Ukraine War" (Ad)
Cactus Opens The Cash Flow Wellhead With Flexsteel Acquisition 
BJ's Restaurants' Approaching Buy Point As Earnings Surge 150%
S&P 500   4,298.86
DOW   33,876.78
QQQ   354.50
3 EV Stocks You Need To Have On Your Watchlist
Sell Every Stock, Except ONE (Ticker Revealed) (Ad)
3 Mid Caps You Haven't Heard Of But Need To Know About
Why Turkey's currency is crashing after Erdogan got reelected
Trade Smarter: Discover Hidden Opportunities w/ A.I. (Ad)
Even at $2,000+ Per Share, These 3 Stocks Are Deals
Will NIO Partake In China's Economic Awakening?
"Unknown laser company making HUGE profit from Russia-Ukraine War" (Ad)
Cactus Opens The Cash Flow Wellhead With Flexsteel Acquisition 
BJ's Restaurants' Approaching Buy Point As Earnings Surge 150%
NASDAQ:HBAN

Huntington Bancshares (HBAN) Stock Forecast, Price & News

$10.95
-0.25 (-2.23%)
(As of 06/9/2023 ET)
Compare
Today's Range
$10.90
$11.21
50-Day Range
$9.28
$11.84
52-Week Range
$9.13
$15.74
Volume
11.07 million shs
Average Volume
18.18 million shs
Market Capitalization
$15.81 billion
P/E Ratio
7.06
Dividend Yield
5.66%
Price Target
$13.83

Huntington Bancshares MarketRank™ Forecast

Analyst Rating
Hold
2.38 Rating Score
Upside/​Downside
26.3% Upside
$13.83 Price Target
Short Interest
Healthy
3.52% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.43
Upright™ Environmental Score
News Sentiment
1.21mentions of Huntington Bancshares in the last 14 days
Based on 6 Articles This Week
Insider Trading
Selling Shares
$1.01 M Sold Last Quarter
Proj. Earnings Growth
-4.86%
From $1.44 to $1.37 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

3.07 out of 5 stars

Finance Sector

72nd out of 868 stocks

National Commercial Banks Industry

12th out of 85 stocks


HBAN stock logo

About Huntington Bancshares (NASDAQ:HBAN) Stock

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.

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HBAN Stock News Headlines

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See More Headlines

HBAN Price History

HBAN Company Calendar

Ex-Dividend for 4/3 Dividend
3/17/2023
Dividend Payable
4/03/2023
Last Earnings
4/20/2023
Today
6/10/2023
Ex-Dividend for 7/3 Dividend
6/15/2023
Dividend Payable
7/03/2023
Next Earnings (Estimated)
7/20/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
National commercial banks
Sub-Industry
Regional Banks
Sector
Finance
Current Symbol
NASDAQ:HBAN
CUSIP
44615010
Employees
19,920
Year Founded
1866

Price Target and Rating

Average Stock Price Forecast
$13.83
High Stock Price Forecast
$16.00
Low Stock Price Forecast
$11.00
Forecasted Upside/Downside
+26.3%
Consensus Rating
Hold
Rating Score (0-4)
2.38
Research Coverage
13 Analysts

Profitability

Net Income
$2.24 billion
Pretax Margin
33.50%

Debt

Sales & Book Value

Annual Sales
$7.95 billion
Cash Flow
$1.86 per share
Book Value
$10.81 per share

Miscellaneous

Outstanding Shares
1,443,610,000
Free Float
1,430,767,000
Market Cap
$15.81 billion
Optionable
Optionable
Beta
1.07

Social Links


Key Executives

  • Steve Steinour
    Chairman, President & Chief Executive Officer
  • Paul G. HellerPaul G. Heller
    Senior EVP, Chief Operations & Technology Officer
  • Zachary J. WassermanZachary J. Wasserman
    Chief Financial Officer & Senior Executive VP
  • Helga S. HoustonHelga S. Houston
    Chief Risk Officer & Senior Executive VP
  • Rajeev SyalRajeev Syal
    Chief Human Resources Officer & Senior EVP













HBAN Stock - Frequently Asked Questions

Should I buy or sell Huntington Bancshares stock right now?

13 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Huntington Bancshares in the last twelve months. There are currently 1 sell rating, 7 hold ratings, 4 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research 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.
View HBAN analyst ratings
or view top-rated stocks.

What is Huntington Bancshares' stock price forecast for 2023?

13 brokerages have issued 12 month target prices for Huntington Bancshares' stock. Their HBAN share price forecasts range from $11.00 to $16.00. On average, they predict the company's share price to reach $13.83 in the next twelve months. This suggests a possible upside of 26.3% 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 2023?

Huntington Bancshares' stock was trading at $14.10 at the beginning of the year. Since then, HBAN stock has decreased by 22.3% and is now trading at $10.95.
View the best growth stocks for 2023 here
.

When is Huntington Bancshares' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, July 20th 2023.
View our HBAN earnings forecast
.

How were Huntington Bancshares' earnings last quarter?

Huntington Bancshares Incorporated (NASDAQ:HBAN) issued its earnings results on Thursday, April, 20th. The bank reported $0.38 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.37 by $0.01. The bank had revenue of $2.54 billion for the quarter, compared to the consensus estimate of $1.90 billion. Huntington Bancshares had a net margin of 27.06% and a trailing twelve-month return on equity of 15.33%. During the same quarter in the previous year, the company posted $0.32 earnings per share.
Read the conference call transcript
.

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

Huntington Bancshares declared a quarterly dividend on Wednesday, April 19th. Shareholders of record on Monday, June 19th will be paid a dividend of $0.155 per share on Monday, July 3rd. This represents a $0.62 annualized dividend and a dividend yield of 5.66%. The ex-dividend date of this dividend is Thursday, June 15th.
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 5.43%. 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 45.26% 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).

What is Huntington Bancshares' stock symbol?

Huntington Bancshares trades on the NASDAQ under the ticker symbol "HBAN."

Who are Huntington Bancshares' major shareholders?

Huntington Bancshares' stock is owned by a variety of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (9.53%), State Street Corp (5.12%), Price T Rowe Associates Inc. MD (4.63%), Charles Schwab Investment Management Inc. (3.03%), FMR LLC (2.60%) and Geode Capital Management LLC (2.20%). 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.
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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Huntington Bancshares' stock price today?

One share of HBAN stock can currently be purchased for approximately $10.95.

How much money does Huntington Bancshares make?

Huntington Bancshares (NASDAQ:HBAN) has a market capitalization of $15.81 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.

How many employees does Huntington Bancshares have?

The company employs 19,920 workers across the globe.

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.
Read More
How can I contact Huntington Bancshares?

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.

This page (NASDAQ:HBAN) was last updated on 6/10/2023 by MarketBeat.com Staff

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