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 Friday, July 21st. Investors 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 yield of 2.47%. 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 authorized a stock buyback program on Thursday, June 29th 2017, which allows the company to buyback $308,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to reacquire up to 2.2% of its shares through open market purchases. Shares buyback programs are generally a sign that the company's management believes its shares are undervalued.

Huntington Bancshares Incorporated (NASDAQ:HBAN) announced its earnings results on Friday, July, 21st. The company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.03. The company had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.07 billion. Huntington Bancshares Incorporated had a return on equity of 11.07% and a net margin of 17.54%. During the same quarter last year, the business earned $0.19 EPS. View Huntington Bancshares Incorporated's Earnings History.

16 equities research analysts have issued 1 year target prices for Huntington Bancshares Incorporated's shares. Their forecasts range from $13.50 to $16.50. On average, they expect Huntington Bancshares Incorporated's stock price to reach $14.80 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 decrease in short interest in 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 currently 1.4 days. Currently, 1.4% of the shares of the stock are sold short.

Some companies that are related to Huntington Bancshares Incorporated include SunTrust Banks (STI), Standard Chartered PLC (STAN), Deutsche Bank AG (DB), 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), Grupo Aval Acciones y Valores S.A. (AVAL), SVB Financial Group (SIVB), East West Bancorp (EWBC) and Signature Bank (SBNY).

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 variety 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%), Sit Investment Associates Inc. (0.16%), Gateway Investment Advisers LLC (0.15%) and National Pension Service (0.10%). 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, Huntington National Bank, Exxonmobil Investment Management Inc. TX, Meeder Asset Management Inc., Oakbrook Investments LLC, State of Alaska Department of Revenue and James Investment Research 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 $12.97.