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NASDAQ:HBAN

Huntington Bancshares - HBAN Stock Forecast, Price & News

$14.33
0.00 (0.00%)
(As of 08/18/2022 12:00 AM ET)
Add
Compare
Today's Range
$14.21
$14.38
50-Day Range
$11.84
$14.47
52-Week Range
$11.67
$17.79
Volume
7.48 million shs
Average Volume
12.73 million shs
Market Capitalization
$20.67 billion
P/E Ratio
12.79
Dividend Yield
4.33%
Price Target
$15.11

Huntington Bancshares MarketRank™ Forecast

Analyst Rating
Hold
2.21 Rating Score
Upside/​Downside
5.4% Upside
$15.11 Price Target
Short Interest
Healthy
3.09% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.38
Upright™ Environmental Score
News Sentiment
0.76mentions of Huntington Bancshares in the last 14 days
Based on 4 Articles This Week
Insider Trading
Selling Shares
$629,537 Sold Last Quarter
Proj. Earnings Growth
4.11%
From $1.46 to $1.52 Per Share

Overall MarketRank

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

2.67 out of 5 stars

Finance Sector

187th out of 914 stocks

National Commercial Banks Industry

23rd out of 88 stocks

HBAN stock logo

About Huntington Bancshares (NASDAQ:HBAN) Stock

Huntington Bancshares Incorporated operates as the bank holding company for The Huntington National Bank that provides commercial, consumer, and mortgage banking services in the United States. The company operates through four segments: Consumer and Business Banking; Commercial Banking; Vehicle Finance; and Regional Banking and The Huntington Private Client Group (RBHPCG). The Consumer and Business Banking segment offers financial products and services, such as checking accounts, savings accounts, money market accounts, certificates of deposit, credit cards, and consumer and small business loans, as well as investment products. This segment also provides mortgages, insurance, interest rate risk protection, foreign exchange, automated teller machine, and treasury management services, as well as online, mobile, and telephone banking services. It serves consumer and small business customers. The Commercial Banking segment offers regional commercial banking solutions for middle market businesses, government and public sector entities, and commercial real estate developers/REITs; and specialty banking solutions for healthcare, technology and telecommunications, franchise finance, sponsor finance, and global services industries. It also provides asset finance services; capital raising solutions, sales and trading, and corporate risk management products; institutional banking services; and treasury management services. The Vehicle Finance segment provides financing to consumers for the purchase of automobiles, light-duty trucks, recreational vehicles, and marine craft at franchised and other select dealerships, as well as to franchised dealerships for the acquisition of new and used inventory. The RBHPCG segment offers private banking, wealth and investment management, and retirement plan services. As of March 18, 2022, the company had approximately 1,000 branches in 11 states. Huntington Bancshares Incorporated was founded in 1866 and is headquartered in Columbus, Ohio.

Analysts Set New Price Targets

Several brokerages have recently commented on HBAN. StockNews.com raised Huntington Bancshares from a "sell" rating to a "hold" rating in a research report on Friday, April 22nd. Wolfe Research downgraded Huntington Bancshares from a "peer perform" rating to an "underperform" rating and dropped their target price for the company from $15.00 to $11.00 in a report on Thursday, May 26th. Morgan Stanley decreased their price target on shares of Huntington Bancshares from $17.00 to $14.00 and set an "equal weight" rating for the company in a report on Tuesday, July 12th. Keefe, Bruyette & Woods lowered shares of Huntington Bancshares from a "market perform" rating to an "underperform" rating and dropped their price objective for the company from $17.00 to $15.00 in a research note on Thursday, June 2nd. Finally, Raymond James decreased their target price on shares of Huntington Bancshares from $18.00 to $16.00 and set a "strong-buy" rating for the company in a research note on Thursday, July 7th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $15.11.

Huntington Bancshares Price Performance

Shares of NASDAQ:HBAN remained flat at $14.33 during trading hours on Thursday. The company had a trading volume of 7,477,392 shares, compared to its average volume of 12,730,672. The firm has a fifty day moving average of $12.80 and a 200-day moving average of $13.86. Huntington Bancshares has a fifty-two week low of $11.67 and a fifty-two week high of $17.79. The stock has a market cap of $20.67 billion, a PE ratio of 12.79 and a beta of 1.20. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.82 and a quick ratio of 0.81.

Huntington Bancshares (NASDAQ:HBAN - Get Rating) last issued its quarterly earnings results on Thursday, July 21st. The bank reported $0.35 EPS for the quarter, topping analysts' consensus estimates of $0.34 by $0.01. Huntington Bancshares had a return on equity of 13.11% and a net margin of 25.58%. During the same quarter last year, the firm earned $0.35 earnings per share. On average, research analysts expect that Huntington Bancshares will post 1.46 earnings per share for the current year.

Huntington Bancshares Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 3rd. Stockholders of record on Monday, September 19th will be given a dividend of $0.155 per share. This represents a $0.62 dividend on an annualized basis and a dividend yield of 4.33%. The ex-dividend date is Friday, September 16th. Huntington Bancshares's dividend payout ratio is currently 55.36%.

Insider Activity at Huntington Bancshares

In related news, CFO Zachary Jacob Wasserman sold 11,618 shares of the business's stock in a transaction dated Tuesday, August 16th. The stock was sold at an average price of $14.36, for a total transaction of $166,834.48. Following the transaction, the chief financial officer now directly owns 230,394 shares in the company, valued at $3,308,457.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Huntington Bancshares news, CFO Zachary Jacob Wasserman sold 11,618 shares of Huntington Bancshares stock in a transaction on Tuesday, August 16th. The shares were sold at an average price of $14.36, for a total transaction of $166,834.48. Following the sale, the chief financial officer now owns 230,394 shares in the company, valued at $3,308,457.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Gary Torgow purchased 19,382 shares of the stock in a transaction on Wednesday, July 27th. The stock was acquired at an average cost of $12.90 per share, for a total transaction of $250,027.80. Following the acquisition, the director now directly owns 893,301 shares in the company, valued at $11,523,582.90. The disclosure for this purchase can be found here. Over the last 90 days, insiders sold 45,240 shares of company stock worth $629,537. Company insiders own 0.72% of the company's stock.

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HBAN Stock News Headlines

Huntington Bancshares (HBAN) Could Be a Great Choice
Huntington Bancshares (NASDAQ:HBAN) Lifted to Buy at Argus
Huntington Bancshares Inc - Stock News
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HBAN Company Calendar

Ex-Dividend for 7/1 Dividend
6/16/2022
Dividend Payable
7/01/2022
Last Earnings
7/21/2022
Today
8/18/2022
Ex-Dividend for 10/3 Dividend
9/16/2022
Dividend Payable
10/03/2022
Next Earnings (Estimated)
10/27/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
National commercial banks
Sub-Industry
Regional Banks
Sector
Finance
Current Symbol
NASDAQ:HBAN
CUSIP
44615010
Employees
18,442
Year Founded
1866

Price Target and Rating

Average Stock Price Forecast
$15.11
High Stock Price Forecast
$21.00
Low Stock Price Forecast
$11.00
Forecasted Upside/Downside
+5.4%
Consensus Rating
Hold
Rating Score (0-4)
2.21
Research Coverage
14 Analysts

Profitability

Net Income
$1.30 billion
Pretax Margin
31.47%

Debt

Sales & Book Value

Annual Sales
$6.08 billion
Cash Flow
$1.32 per share
Book Value
$10.96 per share

Miscellaneous

Outstanding Shares
1,442,194,000
Free Float
1,431,810,000
Market Cap
$20.67 billion
Optionable
Optionable
Beta
1.20

Social Links


Key Executives

  • Mr. Stephen D. SteinourMr. Stephen D. Steinour (Age 63)
    Chairman, Pres & CEO
    Comp: $4.37M
  • Mr. Zachary J. WassermanMr. Zachary J. Wasserman (Age 47)
    CFO & Sr. EVP
    Comp: $1.84M
  • Mr. Paul G. HellerMr. Paul G. Heller (Age 58)
    Chief Technology and Operations Officer & Sr. EVP
    Comp: $1.88M
  • Mr. Michael Scott JonesMr. Michael Scott Jones (Age 54)
    Sr. EVP, Head of Middle Mkt. Banking of Minnesota & Colorado and Chair for Minnesota & Colorado
    Comp: $4.17M
  • Mr. Thomas C. Shafer (Age 63)
    Sr. Exec. VP
    Comp: $8.99M
  • Ms. Nancy E. Maloney
    Exec. VP, Controller & Principal Accounting Officer
  • Mr. Timothy R. Sedabres
    Exec. VP & Head of Investor Relations
  • Ms. Jana J. LitseyMs. Jana J. Litsey (Age 59)
    Sr. EVP & Gen. Counsel
  • Ms. Julie C. TutkovicsMs. Julie C. Tutkovics (Age 51)
    Exec. VP and Chief Communications & Marketing Officer
  • Mr. Rajeev  SyalMr. Rajeev Syal (Age 56)
    Sr. EVP & Chief HR Officer













HBAN Stock - Frequently Asked Questions

Should I buy or sell Huntington Bancshares stock right now?

14 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Huntington Bancshares in the last twelve months. There are currently 3 sell ratings, 6 hold ratings, 4 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street 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 2022?

14 Wall Street analysts have issued 1-year price objectives for Huntington Bancshares' stock. Their HBAN share price forecasts range from $11.00 to $21.00. On average, they predict the company's stock price to reach $15.11 in the next twelve months. This suggests a possible upside of 5.4% 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 2022?

Huntington Bancshares' stock was trading at $15.42 on January 1st, 2022. Since then, HBAN shares have decreased by 7.1% and is now trading at $14.33.
View the best growth stocks for 2022 here
.

When is Huntington Bancshares' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, October 27th 2022.
View our HBAN earnings forecast
.

How were Huntington Bancshares' earnings last quarter?

Huntington Bancshares Incorporated (NASDAQ:HBAN) released its quarterly earnings data on Thursday, July, 21st. The bank reported $0.35 earnings per share for the quarter, topping analysts' consensus estimates of $0.34 by $0.01. Huntington Bancshares had a net margin of 25.58% and a trailing twelve-month return on equity of 13.11%. During the same period in the prior year, the company posted $0.35 EPS.
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 Thursday, July 21st. Stockholders of record on Monday, September 19th will be given a dividend of $0.155 per share on Monday, October 3rd. This represents a $0.62 annualized dividend and a yield of 4.33%. The ex-dividend date of this dividend is Friday, September 16th.
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 4.33%. HBAN has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 11 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 55.36%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, HBAN will have a dividend payout ratio of 40.79% 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?

659 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.

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 many different retail and institutional investors. Top institutional shareholders include State Street Corp (5.14%), Price T Rowe Associates Inc. MD (4.80%), FMR LLC (3.01%), JPMorgan Chase & Co. (2.03%), Victory Capital Management Inc. (1.36%) and Northern Trust Corp (0.99%). Insiders that own company stock include 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, Rajeev Syal, Richard A Pohle, Richard H King, Richard Remiker, Richard W Neu, 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 $14.33.

How much money does Huntington Bancshares make?

Huntington Bancshares (NASDAQ:HBAN) has a market capitalization of $20.67 billion and generates $6.08 billion in revenue each year. The bank earns $1.30 billion in net income (profit) each year or $1.12 on an earnings per share basis.

How many employees does Huntington Bancshares have?

The company employs 18,442 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., 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
When was Huntington Bancshares founded?

Huntington Bancshares was founded in 1866.

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 8/18/2022 by MarketBeat.com Staff

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