Huntington Bancshares Incorporated Company Profile (NASDAQ:HBAN)

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

Huntington Bancshares Incorporated announced a quarterly dividend on Friday, July 21st. Stockholders of record on Monday, September 18th will be given a dividend of $0.08 per share on Monday, October 2nd. This represents a $0.32 annualized dividend and a dividend yield of 2.39%. The ex-dividend date of this dividend is Friday, September 15th. View Huntington Bancshares Incorporated's Dividend History.

Huntington Bancshares Incorporated declared that its board has approved a share buyback program on Thursday, June 29th 2017, which authorizes the company to buyback $308,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to purchase up to 2.2% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's board believes its stock is undervalued.

Huntington Bancshares Incorporated (NASDAQ:HBAN) issued its earnings results on Friday, July, 21st. The company reported $0.26 EPS for the quarter, topping the Zacks' consensus estimate of $0.23 by $0.03. The business earned $1.07 billion during the quarter, compared to the consensus estimate of $1.07 billion. Huntington Bancshares Incorporated had a net margin of 18.41% and a return on equity of 11.39%. During the same period in the previous year, the firm posted $0.19 EPS. View Huntington Bancshares Incorporated's Earnings History.

16 analysts have issued twelve-month price targets for Huntington Bancshares Incorporated's stock. Their forecasts range from $13.50 to $16.50. On average, they anticipate Huntington Bancshares Incorporated's stock price to reach $14.82 in the next twelve months. View Analyst Ratings for Huntington Bancshares Incorporated.

Here are some recent quotes from research analysts about Huntington Bancshares Incorporated stock:

• 1. According to Zacks Investment Research, "Huntington’s shares outperformed the Zacks categorized Midwest Banks industry, over the last six months. Following the recent Fed rate hike, margin pressure for the company finally seems to be easing.  Notably, the company has increased its prime lending rate to 4.00% from 3.75% on recent hike. The company’s steady capital deployment activities continue to enhance its shareholders value. Further, FirstMerit deal is expected to result in $255 million of annualized cost savings. However, escalating costs remains a major headwind for the company. Also, a stringent regulatory landscape will continue to hurt the financials in the near-term." (4/12/2017)
• 2. FBR & Co analysts commented, "We reiterate our Market Perform rating on Huntington Bancshares following 4Q16 results. This quarter, purchase accounting accretion boosted NIM and helped offset higher credit costs and expenses. Core NIM will benefit from the December rate hike, and the integration of FirstMerit continues to go well. While this was a solid quarter, we remain on the sidelines given relative valuation. We reiterate our 2017 EPS estimate of $0.95 and raise our 2018 EPS estimate to $1.10 (from $1.05) to reflect slightly more net interest income. With our new estimates, we raise our price target to $15 (from $14), equal to 13.6x our 2018 EPS estimate and 2.1x 4Q17E TBV." (1/25/2017)

Huntington Bancshares Incorporated saw a decline in short interest in June. As of June 30th, there was short interest totalling 14,812,571 shares, a decline of 13.7% from the June 15th total of 17,165,400 shares. Based on an average trading volume of 10,237,787 shares, the short-interest ratio is currently 1.4 days. Currently, 1.4% of the company's shares are short sold.

Some companies that are related to Huntington Bancshares Incorporated include SunTrust Banks (STI), Standard Chartered PLC (STAN), M&T Bank Corporation (MTB), KB Financial Group (KB), Shinhan Financial Group Co Ltd (SHG), KeyCorp (KEY), Regions Financial Corporation (RF), Credicorp (BAP), Banco De Chile (BCH), Comerica Incorporated (CMA), Banco Santander-Chile (BSAC), BanColombia S.A. (CIB), CIT Group Inc (DEL) (CIT), SVB Financial Group (SIVB), East West Bancorp (EWBC), Signature Bank (SBNY), Grupo Supervielle SA -ADR (SUPV) and New York Community Bancorp (NYCB).

Huntington Bancshares Incorporated's management team includes the folowing people:

• Stephen D. Steinour, Chairman of the Board, President, CEO of the Company and The Huntington National Bank
• Howell D. McCullough III, Chief Financial Officer, Senior Executive Vice President
• Paul G. Heller, Chief Technology and Operations Officer and Senior Executive Vice President
• Rajeev Syal, Chief Human Resource Officer, Senior Executive Vice President
• Helga S. Houston, Senior Executive Vice President, Chief Risk Officer
• Sandra E. Pierce, Senior Executive Vice President, Private Client Group & Regional Banking Director, and Chair of Michigan
• Richard Remiker, Senior Executive Vice President - Commercial Banking for The Huntington National Bank
• Nicholas G. Stanutz, Senior Executive Vice President; Director - Auto Finance and Dealer Services of The Huntington National Bank
• Mark E. Thompson CPA, Senior Executive Vice President
• Richard A. Cheap, General Counsel, Secretary; EVP, General Counsel, Secretary, Cashier of The Huntington National Bank

Huntington Bancshares Incorporated's stock is owned by a number of of institutional and retail investors. Top institutional investors include Bank of Montreal Can (0.38%), Huntington National Bank (0.32%), Vaughan Nelson Investment Management L.P. (0.26%), Russell Investments Group Ltd. (0.25%), Sit Investment Associates Inc. (0.16%) and Gateway Investment Advisers LLC (0.15%). Company insiders that own Huntington Bancshares Incorporated stock include Andrew J Harmening, Daniel J Neumeyer, David S Anderson, Eddie R Munson, Helga Houston, Howell D Mccullough III, John B Gerlach Jr, John C Inglis, Jonathan A Levy, Nicholas G Stanutz, Paul G Heller, Peter J Kight, Richard Remiker, Sandra E Pierce and Stephen D Steinour. View Institutional Ownership Trends for Huntington Bancshares Incorporated.

Huntington Bancshares Incorporated's stock was sold by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., Berkshire Asset Management LLC PA, Assenagon Asset Management S.A., US Bancorp DE, Huntington National Bank, ING Groep NV, Exxonmobil Investment Management Inc. TX and Meeder Asset Management Inc.. Company insiders that have sold Huntington Bancshares Incorporated stock in the last year include David S Anderson, Helga Houston, Nicholas G Stanutz, Paul G Heller, Richard Remiker and Sandra E Pierce. View Insider Buying and Selling for Huntington Bancshares Incorporated.

Huntington Bancshares Incorporated's stock was purchased by a variety of institutional investors in the last quarter, including Bank of Montreal Can, Vaughan Nelson Investment Management L.P., Miller Howard Investments Inc. NY, Mn Services Vermogensbeheer B.V., Park National Corp OH, National Pension Service, Sit Investment Associates Inc. and Manning & Napier Advisors LLC. Company insiders that have bought Huntington Bancshares Incorporated stock in the last two years include Andrew J Harmening, Eddie R Munson, Howell D Mccullough III, John B Gerlach Jr, John C Inglis, Jonathan A Levy, Paul G Heller, Peter J Kight and Stephen D Steinour. View Insider Buying and Selling for Huntington Bancshares Incorporated.

Shares of Huntington Bancshares Incorporated can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Huntington Bancshares Incorporated stock can currently be purchased for approximately $13.40.