Huntington Bancshares - HBAN Stock Forecast, Price & News

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.
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14 Wall Street research analysts have issued 12 month target prices for Huntington Bancshares' stock. Their HBAN share price forecasts range from $13.00 to $18.00. On average, they anticipate the company's stock price to reach $15.47 in the next twelve months. This suggests a possible upside of 43.5% from the stock's current price.
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Huntington Bancshares' stock was trading at $14.10 on January 1st, 2023. Since then, HBAN stock has decreased by 23.5% and is now trading at $10.78.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, April 20th 2023.
View our HBAN earnings forecast.

Huntington Bancshares will be holding an earnings conference call on Thursday, April 20th at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 201-612-7415 with passcode "13737064".

Huntington Bancshares Incorporated (NASDAQ:HBAN) released its quarterly earnings results on Wednesday, October, 27th. The bank reported $0.22 earnings per share for the quarter, missing analysts' consensus estimates of $0.36 by $0.14. The bank had revenue of $1.70 billion for the quarter, compared to analysts' expectations of $1.69 billion. Huntington Bancshares had a net margin of 28.15% and a trailing twelve-month return on equity of 14.79%. The firm's quarterly revenue was up 35.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.27 earnings per share.
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Huntington Bancshares declared a quarterly dividend on Friday, January 20th. Stockholders of record on Monday, March 20th will be given a dividend of $0.155 per share on Monday, April 3rd. This represents a $0.62 dividend on an annualized basis and a dividend yield of 5.75%. The ex-dividend date of this dividend is Friday, March 17th.
Read our dividend analysis for HBAN.

ETFs with the largest weight of Huntington Bancshares (NASDAQ:HBAN) stock in their portfolio include iShares U.S. Regional Banks ETF (IAT), First Trust Nasdaq Bank ETF (FTXO), Invesco KBW Bank ETF (KBWB), Emerge EMPWR Sustainable Dividend Equity ETF (EMCA), Proshares Equities For Rising Rates ETF (EQRR), SPDR S&P Regional Banking ETF (KRE), First Trust Dorsey Wright Momentum & Dividend ETF (DDIV) and Federated Hermes U.S. Strategic Dividend ETF (FDV).

Huntington Bancshares (NASDAQ:HBAN) pays an annual dividend of $0.62 per share and currently has a dividend yield of 5.82%. HBAN has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 42.76%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, HBAN will have a dividend payout ratio of 39.49% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for HBAN.

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.

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).

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

Huntington Bancshares' stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Price T Rowe Associates Inc. MD (5.26%), Charles Schwab Investment Management Inc. (3.14%), Boston Partners (2.60%), JPMorgan Chase & Co. (2.16%), Geode Capital Management LLC (2.10%) and Bank of America Corp DE (1.65%). 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, 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.
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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.
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One share of HBAN stock can currently be purchased for approximately $10.78.

Huntington Bancshares (NASDAQ:HBAN) has a market capitalization of $15.63 billion and generates $7.25 billion in revenue each year. The bank earns $2.24 billion in net income (profit) each year or $1.45 on an earnings per share basis.

The company employs 19,920 workers across the globe.

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.