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NASDAQ:HBAN

Huntington Bancshares Stock Forecast, Price & News

$12.46
-0.23 (-1.81 %)
(As of 11/27/2020 12:00 AM ET)
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Today's Range
$12.37
Now: $12.46
$12.76
50-Day Range
$9.46
MA: $10.76
$12.93
52-Week Range
$6.82
Now: $12.46
$15.63
Volume3.93 million shs
Average Volume11.03 million shs
Market Capitalization$12.68 billion
P/E Ratio17.55
Dividend Yield4.73%
Beta1.46
Huntington Bancshares Incorporated operates as a holding company for The Huntington National Bank that provides commercial, small business, consumer, and mortgage banking services. The company operates through four business 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, consumer loans, mortgage loans, credit cards, and small business loans, as well as investment products. It also provides insurance, interest rate risk protection, foreign exchange, and treasury management services, as well as online, mobile, and telephone banking services. The Commercial Banking segment offers banking solutions and asset finance services; corporate risk management services; institutional sales, trading, and underwriting services; institutional corporate banking services; treasury management services; and other financing solutions, as well as lends real estate developers, REITs, and other customers. 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 provides deposits, lending, banking, wealth management, investment and portfolio management, fiduciary administration, trust, retirement plan, and institutional and mutual fund custody services. As of January 23, 2020, the company operated through 868 full-service branches, including 12 private client group offices, and 1,448 automated teller machines located in 7 Midwestern states. Huntington Bancshares Incorporated was founded in 1866 and is headquartered in Columbus, Ohio.
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Beat the Market (BTM) Rank

Analyst Opinion: 1.2Community Rank: 1.8Dividend Strength: 3.3Insider Behavior: 1.7Valuation: 3.1 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.23 out of 5 stars


Industry, Sector and Symbol

Industry National commercial banks
Sub-IndustryRegional Banks
SectorFinance
Current SymbolNASDAQ:HBAN
CUSIP44615010
Phone614-480-2265
Employees15,664

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$5.66 billion
Cash Flow$2.15 per share
Book Value$10.54 per share

Profitability

Net Income$1.41 billion

Miscellaneous

Outstanding Shares1,017,311,000
Market Cap$12.68 billion
Next Earnings Date1/28/2021 (Estimated)
OptionableOptionable
$12.46
-0.23 (-1.81 %)
(As of 11/27/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Huntington Bancshares (NASDAQ:HBAN) Frequently Asked Questions

How has Huntington Bancshares' stock price been impacted by Coronavirus?

Huntington Bancshares' stock was trading at $9.13 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, HBAN shares have increased by 36.5% and is now trading at $12.46.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Huntington Bancshares?

17 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Huntington Bancshares in the last year. There are currently 10 hold ratings and 7 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for Huntington Bancshares
.

What stocks does MarketBeat like better than Huntington Bancshares?

Wall Street analysts have given Huntington Bancshares a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's winning trading ideas this year have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Huntington Bancshares wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Huntington Bancshares' next earnings date?

Huntington Bancshares is scheduled to release its next quarterly earnings announcement on Thursday, January 28th 2021.
View our earnings forecast for Huntington Bancshares
.

How were Huntington Bancshares' earnings last quarter?

Huntington Bancshares Incorporated (NASDAQ:HBAN) posted its earnings results on Thursday, October, 22nd. The bank reported $0.27 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.25 by $0.02. The bank earned $1.25 billion during the quarter, compared to analyst estimates of $1.22 billion. Huntington Bancshares had a net margin of 15.34% and a return on equity of 7.70%. The business's revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.34 earnings per share.
View Huntington Bancshares' earnings history
.

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

Huntington Bancshares declared a quarterly dividend on Thursday, October 22nd. Shareholders of record on Friday, December 18th will be paid a dividend of $0.15 per share on Monday, January 4th. This represents a $0.60 annualized dividend and a yield of 4.82%. The ex-dividend date of this dividend is Thursday, December 17th.
View Huntington Bancshares' dividend history
.

What guidance has Huntington Bancshares issued on next quarter's earnings?

Huntington Bancshares issued an update on its FY 2020 Pre-Market earnings guidance on Thursday, October, 22nd. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $4.834-4.857 billion, compared to the consensus revenue estimate of $4.78 billion.

What price target have analysts set for HBAN?

17 brokers have issued 12-month price objectives for Huntington Bancshares' stock. Their forecasts range from $7.00 to $15.00. On average, they expect Huntington Bancshares' share price to reach $10.38 in the next year. This suggests that the stock has a possible downside of 16.7%.
View analysts' price targets for Huntington Bancshares
.

Are investors shorting Huntington Bancshares?

Huntington Bancshares saw a decrease in short interest during the month of October. As of October 30th, there was short interest totaling 17,340,000 shares, a decrease of 14.5% from the October 15th total of 20,270,000 shares. Based on an average trading volume of 8,530,000 shares, the short-interest ratio is presently 2.0 days. Approximately 1.7% of the company's shares are short sold.
View Huntington Bancshares' Short Interest
.

Who are some of Huntington Bancshares' key competitors?

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).

Who are Huntington Bancshares' key executives?

Huntington Bancshares' management team includes the following people:
  • Mr. Stephen D. Steinour, Chairman, Pres & CEO (Age 61, Pay $2.79M)
  • Mr. Zachary J. Wasserman, CFO & Sr. EVP (Age 45, Pay $198.09k)
  • Mr. Paul G. Heller, Chief Technology and Operations Officer & Sr. EVP (Age 56, Pay $1.32M)
  • Ms. Helga S. Houston, Sr. EVP & Chief Risk Officer (Age 59, Pay $1.15M)
  • Mr. Andrew J. Harmening, Sr. EVP of Consumer & Bus. Banking Director (Age 50, Pay $1.89M)
  • Ms. Nancy E. Maloney, Exec. VP, Controller & Principal Accounting Officer
  • Mr. Mark A. Muth, Sr. VP & Director of Investor Relations
  • Ms. Jana J. Litsey, Sr. EVP & Gen. Counsel (Age 58)
  • Ms. Julie C. Tutkovics, Exec. VP and Chief Communications & Marketing Director (Age 49)
  • Mr. Rajeev Syal, Chief HR Officer & Sr. EVP (Age 54)

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 retail and institutional investors. Top institutional investors include BlackRock Inc. (8.52%), Boston Partners (5.78%), State Street Corp (5.19%), JPMorgan Chase & Co. (2.80%), Charles Schwab Investment Management Inc. (1.46%) and Newport Trust Co (1.03%). Company insiders that own Huntington Bancshares stock include Daniel J Neumeyer, Helga Houston, Kathleen H Ransier, Mark E Thompson, Nancy E Maloney, Paul G Heller, Rajeev Syal, Richard Remiker, Richard W Neu and Stephen D Steinour.
View institutional ownership trends for Huntington Bancshares
.

Which institutional investors are selling Huntington Bancshares stock?

HBAN stock was sold by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., Morgan Stanley, Wells Fargo & Company MN, State of Alaska Department of Revenue, Raymond James & Associates, Victory Capital Management Inc., The Manufacturers Life Insurance Company, and Federated Hermes Inc.. Company insiders that have sold Huntington Bancshares company stock in the last year include Mark E Thompson, and Paul G Heller.
View insider buying and selling activity for Huntington Bancshares
.

Which institutional investors are buying Huntington Bancshares stock?

HBAN stock was purchased by a variety of institutional investors in the last quarter, including Boston Partners, Charles Schwab Investment Management Inc., Carlson Capital L P, Great West Life Assurance Co. Can, Great West Life Assurance Co. Can, State Street Corp, BlackRock Inc., and Teacher Retirement System of Texas. Company insiders that have bought Huntington Bancshares stock in the last two years include Richard W Neu, and Stephen D Steinour.
View insider buying and selling activity for Huntington Bancshares
.

How do I buy shares of Huntington Bancshares?

Shares of HBAN can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Huntington Bancshares' stock price today?

One share of HBAN stock can currently be purchased for approximately $12.46.

How big of a company is Huntington Bancshares?

Huntington Bancshares has a market capitalization of $12.68 billion and generates $5.66 billion in revenue each year. The bank earns $1.41 billion in net income (profit) each year or $1.27 on an earnings per share basis. Huntington Bancshares employs 15,664 workers across the globe.

What is Huntington Bancshares' official website?

The official website for Huntington Bancshares is www.huntington.com.

How can I contact Huntington Bancshares?

Huntington Bancshares' mailing address is 41 South High Street, COLUMBUS OH, 43287. The bank can be reached via phone at 614-480-2265 or via email at [email protected]

This page was last updated on 11/28/2020 by MarketBeat.com Staff

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