Huntington Bancshares Incorporated Company Profile (NASDAQ:HBAN)

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

Huntington Bancshares Incorporated declared a quarterly dividend on Wednesday, April 19th. Investors of record on Monday, June 19th will be paid a dividend of $0.08 per share on Monday, July 3rd. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.36%. The ex-dividend date of this dividend is Thursday, June 15th. View Huntington Bancshares Incorporated's Dividend History.

Huntington Bancshares Incorporated declared that its Board of Directors has initiated a share repurchase plan on Thursday, June 29th 2017, which permits the company to repurchase $308,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to repurchase up to 2.2% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's board of directors believes its shares are undervalued.

Huntington Bancshares Incorporated (NASDAQ:HBAN) released its earnings results on Thursday, July, 21st. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by $0.02. The company earned $776.99 million during the quarter, compared to analysts' expectations of $777.02 million. Huntington Bancshares Incorporated had a return on equity of 11.07% and a net margin of 17.54%. During the same period in the prior year, the firm posted $0.23 EPS. View Huntington Bancshares Incorporated's Earnings History.

Huntington Bancshares Incorporated is scheduled to release their next quarterly earnings announcement on Friday, July, 21st 2017. View Earnings Estimates for Huntington Bancshares Incorporated.

18 brokerages have issued 1 year price objectives for Huntington Bancshares Incorporated's stock. Their predictions range from $9.23 to $16.50. On average, they anticipate Huntington Bancshares Incorporated's stock price to reach $14.19 in the next year. 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 decrease in short interest in the month of June. As of June 30th, there was short interest totalling 14,812,571 shares, a decrease of 13.7% from the June 15th total of 17,165,400 shares. Based on an average daily trading volume, of 10,237,787 shares, the short-interest ratio is presently 1.4 days. Currently, 1.4% of the shares of the stock are short sold.

Some companies that are related to Huntington Bancshares Incorporated include Royal Bank of Scotland Group plc (RBS), Standard Chartered PLC (STAN), SunTrust Banks (STI), M&T Bank Corporation (MTB), Shinhan Financial Group Co Ltd (SHG), KB Financial Group (KB), 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) and Grupo Supervielle SA -ADR (SUPV).

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 many different of institutional and retail investors. Top institutional shareholders include Bank of Montreal Can (0.38%), Vaughan Nelson Investment Management L.P. (0.26%), Sit Investment Associates Inc. (0.16%), Gateway Investment Advisers LLC (0.15%), National Pension Service (0.10%) and Chevy Chase Trust Holdings Inc. (0.09%). 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 Assenagon Asset Management S.A., US Bancorp DE, Exxonmobil Investment Management Inc. TX, Meeder Asset Management Inc., Oakbrook Investments LLC, State of Alaska Department of Revenue, James Investment Research Inc. and Macnealy Hoover Investment 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., Mn Services Vermogensbeheer B.V., Park National Corp OH, National Pension Service, Sit Investment Associates Inc., Manning & Napier Advisors LLC and Gateway Investment Advisers 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 $13.56.