About Huntington Bancshares (NASDAQ:HBAN)
Huntington Bancshares Incorporated (Huntington) is a bank holding company. Through its subsidiaries, including its bank subsidiary, The Huntington National Bank (the Bank), the Company provides commercial and consumer banking services, mortgage banking services, automobile financing, recreational vehicle and marine financing, equipment leasing, investment management, trust services, brokerage services, insurance programs, and other financial products and services. Its segments include Consumer and Business Banking, Commercial Banking, Commercial Real Estate and Vehicle Finance, Regional Banking and The Huntington Private Client Group, Home Lending and Treasury/Other. The Bank offers commercial and consumer loans. Its consumer loans include automobile, home equity, residential mortgage, and recreational vehicle (RV) and marine finance loans. It offers demand deposits-noninterest-bearing, demand deposits-interest-bearing, money market deposits, and savings and other domestic deposits.
Industry, Sector and Symbol
Industry BANKS & THRIFTS
Trailing P/E Ratio16.4
Forward P/E Ratio13.28
Sales & Book Value
Annual Sales$4.74 billion
Price / Sales3.74
Cash Flow$1.47 per share
Price / Cash10.94
Book Value$9.09 per share
Price / Book1.77
Net Income$1.19 billion
Return on Equity12.12%
Return on Assets1.14%
Huntington Bancshares (NASDAQ:HBAN) Frequently Asked Questions
What is Huntington Bancshares' stock symbol?
Huntington Bancshares trades on the NASDAQ under the ticker symbol "HBAN."
How often does Huntington Bancshares pay dividends? What is the dividend yield for Huntington Bancshares?
Huntington Bancshares declared a quarterly dividend on Tuesday, January 23rd. Investors of record on Monday, March 19th will be paid a dividend of $0.11 per share on Monday, April 2nd. This represents a $0.44 dividend on an annualized basis and a dividend yield of 2.74%. The ex-dividend date of this dividend is Friday, March 16th. View Huntington Bancshares' Dividend History.
How will Huntington Bancshares' stock buyback program work?
Huntington Bancshares 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.
How were Huntington Bancshares' earnings last quarter?
Huntington Bancshares Incorporated (NASDAQ:HBAN) released its earnings results on Tuesday, January, 23rd. The bank reported $0.26 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.26. The bank had revenue of $1.11 billion for the quarter, compared to analysts' expectations of $1.10 billion. Huntington Bancshares had a net margin of 25.02% and a return on equity of 12.12%. During the same quarter in the previous year, the firm posted $0.18 EPS. View Huntington Bancshares' Earnings History.
When will Huntington Bancshares make its next earnings announcement?
Where is Huntington Bancshares' stock going? Where will Huntington Bancshares' stock price be in 2018?
21 Wall Street analysts have issued 1 year target prices for Huntington Bancshares' shares. Their predictions range from $14.00 to $19.00. On average, they expect Huntington Bancshares' stock price to reach $16.75 in the next year. View Analyst Ratings for Huntington Bancshares.
What are Wall Street analysts saying about Huntington Bancshares stock?
Here are some recent quotes from research analysts about Huntington Bancshares stock:
- 1. According to Zacks Investment Research, "Shares of Huntington have outperformed the industry over the past six months. Yet, the company doesn’t have a decent earnings surprise history. It surpassed the Zacks Consensus Estimate in one of the trailing four quarters. Fourth-quarter 2017 results reflected Huntington’s robust organic growth, partially offset by higher expenses. With the Fed rate hikes, margin pressure for the company finally seems to be easing. Moreover, rising loans and deposits along with improved credit quality are tailwinds. Further, a lower corporate tax rate is likely to support financials. Also, the company's strong liquidity position keeps it well poised to expand through strategic initiatives, which will support profitability in the long run. However, increasing cost base continues to deter bottom-line growth. Also, unsustainable capital deployment activities keep us apprehensive." (2/13/2018)
- 2. Vining Sparks analysts commented, "Continued strong earnings momentum along with a meaningfully higher return-on-tangible common equity should allow HBAN to continue to trade at around a 15x price-to-earnings multiple. This valuation coupled with continued double-digit EPS growth and a 2.7% dividend yield should produce a total shareholder return of over 20%." (1/23/2018)
Are investors shorting Huntington Bancshares?
Huntington Bancshares saw a drop in short interest in February. As of February 28th, there was short interest totalling 12,147,306 shares, a drop of 35.6% from the February 15th total of 18,872,682 shares. Based on an average daily volume of 8,979,597 shares, the days-to-cover ratio is currently 1.4 days. Approximately 1.6% of the company's stock are sold short.
Who are some of Huntington Bancshares' key competitors?
Some companies that are related to Huntington Bancshares include Regions Financial (RF), Citizens Financial Group (CFG), First Republic Bank (FRC), SVB Financial Group (SIVB), Zions Bancorp (ZION), East West Bancorp (EWBC), Signature Bank (SBNY), Cullen/Frost Bankers (CFR), New York Community Bancorp (NYCB), People's United Financial (PBCT), Bank Of The Ozarks (OZRK), PacWest Bancorp (PACW), BOK Financial (BOKF), Commerce Bancshares (CBSH), First Horizon National (FHN), Western Alliance Bancorporation (WAL), Synovus Financial (SNV) and Sterling Bancorp (STL).
Who are Huntington Bancshares' key executives?
Huntington Bancshares' management team includes the folowing people:
- Stephen D. Steinour, Chairman of the Board, President, CEO of the Company and The Huntington National Bank (Age 58)
- Howell D. McCullough III, Chief Financial Officer, Senior Executive Vice President (Age 59)
- Paul G. Heller, Chief Technology and Operations Officer and Senior Executive Vice President (Age 53)
- Rajeev Syal, Chief Human Resource Officer, Senior Executive Vice President (Age 51)
- Helga S. Houston, Senior Executive Vice President, Chief Risk Officer (Age 55)
- Sandra E. Pierce, Senior Executive Vice President, Private Client Group & Regional Banking Director, and Chair of Michigan (Age 58)
- Richard Remiker, Senior Executive Vice President - Commercial Banking for The Huntington National Bank (Age 59)
- Nicholas G. Stanutz, Senior Executive Vice President; Director - Auto Finance and Dealer Services of The Huntington National Bank (Age 62)
- Mark E. Thompson CPA, Senior Executive Vice President (Age 58)
- Richard A. Cheap, General Counsel, Secretary; EVP, General Counsel, Secretary, Cashier of The Huntington National Bank (Age 65)
Who owns Huntington Bancshares stock?
Huntington Bancshares' stock is owned by many different of retail and institutional investors. Top institutional investors include BlackRock Inc. (6.38%), Boston Partners (2.93%), The Manufacturers Life Insurance Company (1.38%), TIAA CREF Investment Management LLC (1.22%), Geode Capital Management LLC (1.13%) and Levin Capital Strategies L.P. (0.82%). Company insiders that own Huntington Bancshares stock include Andrew J Harmening, Daniel J Neumeyer, David S Anderson, Helga Houston, John C Inglis, Nicholas G Stanutz, Paul G Heller, Richard Remiker, Richard W Neu, Sandra E Pierce and Stephen D Steinour. View Institutional Ownership Trends for Huntington Bancshares.
Who sold Huntington Bancshares stock? Who is selling Huntington Bancshares stock?
Huntington Bancshares' stock was sold by a variety of institutional investors in the last quarter, including Standard Life Aberdeen plc, Levin Capital Strategies L.P., Boston Partners, Capital Fund Management S.A., Guggenheim Capital LLC, Metropolitan Life Insurance Co. NY, Pinebridge Investments L.P. and First Trust Advisors LP. Company insiders that have sold Huntington Bancshares company stock in the last year include Daniel J Neumeyer, Helga Houston, Nicholas G Stanutz, Paul G Heller and Richard Remiker. View Insider Buying and Selling for Huntington Bancshares.
Who bought Huntington Bancshares stock? Who is buying Huntington Bancshares stock?
Huntington Bancshares' stock was purchased by a variety of institutional investors in the last quarter, including Amundi Pioneer Asset Management Inc., Deutsche Bank AG, Renaissance Technologies LLC, Teachers Advisors LLC, Millennium Management LLC, Mackenzie Financial Corp, Bank of Montreal Can and Thrivent Financial For Lutherans. Company insiders that have bought Huntington Bancshares stock in the last two years include Andrew J Harmening, John C Inglis, Richard W Neu and Stephen D Steinour. View Insider Buying and Selling for Huntington Bancshares.
How do I buy Huntington Bancshares stock?
Shares of Huntington Bancshares 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, Scottrade, Fidelity and Charles Schwab.
What is Huntington Bancshares' stock price today?
One share of Huntington Bancshares stock can currently be purchased for approximately $16.07.
How big of a company is Huntington Bancshares?
Huntington Bancshares has a market capitalization of $17.71 billion and generates $4.74 billion in revenue each year. The bank earns $1.19 billion in net income (profit) each year or $1.00 on an earnings per share basis. Huntington Bancshares employs 15,770 workers across the globe.
How can I contact Huntington Bancshares?
Huntington Bancshares' mailing address is 41 S HIGH STREET, COLUMBUS OH, 43287. The bank can be reached via phone at 614-480-8300 or via email at [email protected]
MarketBeat Community Rating for Huntington Bancshares (HBAN)MarketBeat's community ratings are surveys of what our community members think about Huntington Bancshares and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
Huntington Bancshares (NASDAQ:HBAN) Analysts' Consensus Rating (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus analyst ratings for company stocks using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Today||30 Days Ago||90 Days Ago||180 Days Ago|
|Consensus Rating: ||Buy||Buy||Buy||Buy|
|Consensus Rating Score: ||2.62||2.62||2.67||2.72|
|Ratings Breakdown: ||0 Sell Rating(s)|
8 Hold Rating(s)
13 Buy Rating(s)
0 Strong Buy Rating(s)
|0 Sell Rating(s)|
8 Hold Rating(s)
13 Buy Rating(s)
0 Strong Buy Rating(s)
|0 Sell Rating(s)|
5 Hold Rating(s)
10 Buy Rating(s)
0 Strong Buy Rating(s)
|0 Sell Rating(s)|
5 Hold Rating(s)
13 Buy Rating(s)
0 Strong Buy Rating(s)
|Consensus Price Target: ||$16.75||$16.74||$15.63||$15.01|
|Price Target Upside: ||4.23% upside||10.84% upside||5.50% upside||16.39% upside|
Huntington Bancshares (NASDAQ:HBAN) Consensus Price Target History
Huntington Bancshares (NASDAQ:HBAN) Analyst Ratings History
(Data available from 3/18/2016 forward)
Huntington Bancshares (NASDAQ:HBAN) Earnings History and Estimates Chart
Huntington Bancshares (NASDAQ HBAN) Earnings History by Quarter
(Earnings results data provided by Zacks Investment Research)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|1/23/2018||Q4 2017||$0.26||$0.26||$1.10 billion||$1.11 billion||View||Listen|
|10/25/2017||Q3 2017||$0.25||$0.23||$1.10 billion||$1.09 billion||View||N/A|
|7/21/2017||Q2 2017||$0.23||$0.26||$1.07 billion||$1.07 billion||View||N/A|
|4/19/2017||Q1 2017||$0.22||$0.21||$1.04 billion||$1.05 billion||View||N/A|
|1/25/2017||Q416||$0.22||$0.24||$1.04 billion||$1.08 billion||View||N/A|
|10/26/2016||Q316||$0.21||$0.22||$874.32 million||$927.81 million||View||Listen|
|7/21/2016||Q216||$0.21||$0.19||$777.02 million||$776.99 million||View||Listen|
|4/20/2016||Q116||$0.20||$0.20||$757.54 million||$754.00 million||View||Listen|
|1/21/2016||Q415||$0.21||$0.21||$761.80 million||$769.13 million||View||Listen|
|10/22/2015||Q315||$0.20||$0.18||$768.43 million||$748.57 million||View||Listen|
|7/23/2015||Q215||$0.21||$0.23||$738.00 million||$780.40 million||View||Listen|
|4/22/2015||Q115||$0.19||$0.19||$712.00 million||$706.90 million||View||N/A|
|1/22/2015||Q414||$0.19||$0.21||$720.27 million||$706.53 million||View||N/A|
|10/17/2014||Q314||$0.19||$0.18||$715.73 million||$713.68 million||View||Listen|
|7/18/2014||Q214||$0.18||$0.19||$693.00 million||$716.80 million||View||N/A|
|4/16/2014||Q114||$0.17||$0.17||$675.78 million||$691.90 million||View||N/A|
|1/15/2014||Q413||$0.17||$0.18||$679.30 million||$677.28 million||View||N/A|
|10/17/2013||Q313||$0.17||$0.20||$684.65 million||$682.00 million||View||N/A|
|7/18/2013||Q2 2013||$0.16||$0.17||$684.15 million||$680.20 million||View||N/A|
|4/17/2013||Q1 2013||$0.16||$0.17||$694.60 million||$676.38 million||View||N/A|
|1/17/2013||Q4 2012||$0.17||$0.19||$705.63 million||View||N/A|
Huntington Bancshares (NASDAQ:HBAN) Earnings Estimates
2018 EPS Consensus Estimate: $1.16
2019 EPS Consensus Estimate: $1.22
(Earnings estimates data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Huntington Bancshares (NASDAQ:HBAN) Dividend Information
|Payout Ratio:||44.00% (Trailing 12 Months of Earnings) |
36.36% (Based on This Year's Estimates)
33.33% (Based on Next Year's Estimates)
Huntington Bancshares (NASDAQ:HBAN) Dividend History by Quarter
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Huntington Bancshares (NASDAQ HBAN) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 1.05%
Institutional Ownership Percentage: 74.07%
Huntington Bancshares (NASDAQ HBAN) Insider Trades by Quarter
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Shares Held After Transaction||Details|
|11/2/2017||Helga Houston||Insider||Sell||14,513||$13.77||$199,844.01||499,824|| |
|10/31/2017||Daniel J Neumeyer||EVP||Sell||43,491||$13.88||$603,655.08||427,270|| |
|8/23/2017||Nicholas G Stanutz||EVP||Sell||16,000||$12.71||$203,360.00||447,722|| |
|7/28/2017||Richard W Neu||Director||Buy||2,450||$13.10||$32,095.00||184,596|| |
|5/18/2017||Stephen D Steinour||CEO||Buy||50,000||$12.40||$620,000.00||3,891,831|| |
|5/15/2017||Andrew J Harmening||EVP||Buy||15,490||$12.92||$200,130.80||35,543|| |
|5/9/2017||Paul G Heller||EVP||Sell||35,720||$12.93||$461,859.60||443,883|| |
|5/4/2017||Richard Remiker||EVP||Sell||1,722||$13.13||$22,609.86||258,258|| |
|2/28/2017||John C Inglis||Director||Buy||7,142||$14.06||$100,416.52||7,142|| |
|2/21/2017||Richard Remiker||EVP||Sell||673||$14.21||$9,563.33||207,539|| |
|2/17/2017||Richard Remiker||EVP||Sell||1,057||$14.02||$14,819.14||209,739|| |
|11/29/2016||Helga Houston||Insider||Sell||8,378||$12.33||$103,300.74||311,219|| |
|11/11/2016||Nicholas G Stanutz||EVP||Sell||25,000||$11.54||$288,500.00||416,511|| |
|11/11/2016||Sandra E Pierce||Insider||Sell||52,994||$11.62||$615,790.28||495,651|| |
|11/9/2016||David S Anderson||EVP||Sell||10,011||$10.60||$106,116.60||102,580|| |
|8/29/2016||David S Anderson||EVP||Sell||9,006||$9.82||$88,438.92||110,233|| |
|8/22/2016||Nicholas G Stanutz||EVP||Sell||35,350||$9.64||$340,774.00||434,650|| |
|5/25/2016||Daniel J Neumeyer||EVP||Sell||9,662||$10.61||$102,513.82||368,576|| |
|5/24/2016||David S Anderson||EVP||Sell||25,000||$10.36||$259,000.00||115,783|| |
|3/14/2016||John B Gerlach Jr||Director||Buy||4,000||$25.00||$100,000.00||4,000|| |
|3/14/2016||Stephen D Steinour||CEO||Buy||20,000||$25.00||$500,000.00||20,000|| |
|3/4/2016||Paul G Heller||EVP||Buy||514||$9.73||$5,001.22||292,010|| |
|3/3/2016||Peter J Kight||Director||Buy||100,000||$9.52||$952,000.00||176,570|| |
|3/2/2016||Stephen D Steinour||CEO||Buy||10,000||$9.27||$92,700.00||3,098,787|| |
|2/26/2016||Eddie R Munson||Director||Buy||3,000||$8.96||$26,880.00||19,641|| |
|2/19/2016||Jonathan A. Levy||Director||Buy||20,000||$8.50||$170,000.00||180,127|| |
|2/1/2016||Howell D Mccullough III||CFO||Buy||25,000||$8.60||$215,000.00||260,045|| |
|4/24/2015||Richard Remiker||EVP||Buy||1,000||$10.78||$10,780.00|| |
|4/24/2015||Stephen D Steinour||CEO||Buy||10,000||$10.79||$107,900.00|| |
|2/4/2015||David S Anderson||EVP||Sell||4,008||$10.32||$41,362.56|| |
|1/27/2015||Eddie R Munson||Director||Buy||7,000||$10.07||$70,490.00|| |
|1/27/2015||Helga Houston||Insider||Sell||4,200||$10.07||$42,294.00|| |
|1/26/2015||Stephen D Steinour||CEO||Buy||9,710||$10.17||$98,750.70|| |
|10/21/2014||Stephen D Steinour||CEO||Buy||17,540||$9.35||$163,999.00|| |
|8/27/2014||Michael J Endres||Director||Sell||32,000||$9.87||$315,840.00|| |
|8/26/2014||Keith D Sanders||Insider||Sell||11,188||$9.92||$110,984.96|| |
|8/22/2014||Keith D Sanders||Insider||Sell||8,651||$9.81||$84,866.31|| |
|8/20/2014||Keith D Sanders||Insider||Sell||3,178||$9.74||$30,953.72|| |
|8/15/2014||David S Anderson||EVP||Sell||18,134||$9.71||$176,081.14|| |
|8/14/2014||Daniel J Neumeyer||EVP||Sell||26,750||$9.68||$258,940.00|| |
|5/6/2014||Richard Neu||Director||Buy||15,100||$9.04||$136,504.00||125,094|| |
|4/24/2014||David Porteous||Director||Buy||2,760||$9.40||$25,944.00||514,626|| |
|4/24/2014||Stephen Steinour||CEO||Buy||10,750||$9.32||$100,190.00||2,174,922|| |
|2/28/2014||Richard Remiker||EVP||Buy||3,000||$9.57||$28,710.00||33,767|| |
|2/28/2014||Stephen Steinour||CEO||Buy||10,000||$9.44||$94,400.00||2,172,722|| |
|2/27/2014||Don Casto III||Director||Buy||1,900||$9.44||$17,936.00||258,490|| |
|2/27/2014||James Dunlap||Insider||Buy||1,000||$9.40||$9,400.00||207,227|| |
|8/30/2013||Daniel Benhase||EVP||Buy||5,000||$8.24||$41,200.00||355,951|| |
|8/6/2013||Nicholas Stanutz||EVP||Sell||10,000||$8.70||$87,000.00||232,272|| |
|7/25/2013||Keith D Sanders||Insider||Sell||2,946||$8.56||$25,217.76|| |
|5/16/2013||Keith D Sanders||Insider||Sell||7,517||$7.65||$57,505.05|| |
|5/14/2013||David S Anderson||EVP||Sell||25,000||$7.60||$190,000.00|| |
|5/13/2013||Stephen D Steinour||CEO||Buy||5,945||$7.48||$44,468.60|| |
|5/1/2013||Peter J Kight||Director||Buy||100,000||$7.12||$712,000.00|| |
|4/22/2013||David L Porteous||Director||Buy||4,740||$6.95||$32,943.00|| |
|4/19/2013||Stephen D Steinour||CEO||Buy||7,600||$6.94||$52,744.00|| |
|2/28/2013||James E Dunlap||Insider||Buy||5,000||$7.04||$35,200.00|| |
|2/27/2013||Paul G Heller||EVP||Buy||10,000||$6.82||$68,200.00|| |
|2/27/2013||Peter J Kight||Director||Buy||14,285||$7.01||$100,137.85|| |
|2/26/2013||Daniel B Benhase||EVP||Buy||10,000||$6.86||$68,600.00|| |
|2/7/2013||David L Porteous||Director||Buy||1,160||$7.15||$8,294.00|| |
|1/23/2013||Stephen D Steinour||CEO||Buy||40,000||$7.04||$281,600.00|| |
|11/26/2012||Richard W Neu||Director||Buy||20,000||$6.26||$125,200.00|| |
|10/23/2012||Daniel B Benhase||EVP||Buy||10,000||$6.31||$63,100.00|| |
|8/16/2012||Daniel J Neumeyer||EVP||Buy||10,000||$6.45||$64,500.00|| |
|8/15/2012||Donald R Kimble||CFO||Buy||5,000||$6.41||$32,050.00|| |
|8/14/2012||David L Porteous||Director||Buy||6,100||$6.50||$39,650.00|| |
Huntington Bancshares (NASDAQ HBAN) News Headlines
Huntington Bancshares (NASDAQ:HBAN) SEC Filings
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Huntington Bancshares (NASDAQ:HBAN) Income Statement, Balance Sheet and Cash Flow Statement
Huntington Bancshares (NASDAQ HBAN) Stock Chart for Sunday, March, 18, 2018