Huntington Bancshares - HBAN Stock Forecast, Price & News

Huntington Bancshares Incorporated operates as the bank holding company for The Huntington National Bank that provides commercial, consumer, and mortgage banking services in the United States. The company operates through four 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, credit cards, and consumer and small business loans, as well as investment products. This segment also provides mortgages, insurance, interest rate risk protection, foreign exchange, automated teller machine, and treasury management services, as well as online, mobile, and telephone banking services. It serves consumer and small business customers. The Commercial Banking segment offers regional commercial banking solutions for middle market businesses, government and public sector entities, and commercial real estate developers/REITs; and specialty banking solutions for healthcare, technology and telecommunications, franchise finance, sponsor finance, and global services industries. It also provides asset finance services; capital raising solutions, sales and trading, and corporate risk management products; institutional banking services; and treasury management services. 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 offers private banking, wealth and investment management, and retirement plan services. As of March 18, 2022, the company had approximately 1,000 branches in 11 states. Huntington Bancshares Incorporated was founded in 1866 and is headquartered in Columbus, Ohio.

Huntington Bancshares Stock Up 1.1 %

HBAN opened at $14.35 on Friday. The company has a fifty day moving average price of $12.76 and a 200-day moving average price of $13.87. The firm has a market capitalization of $20.70 billion, a P/E ratio of 12.81 and a beta of 1.20. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.82 and a quick ratio of 0.81. Huntington Bancshares has a one year low of $11.67 and a one year high of $17.79.

Huntington Bancshares (NASDAQ:HBAN - Get Rating) last released its quarterly earnings results on Thursday, July 21st. The bank reported $0.35 EPS for the quarter, beating analysts' consensus estimates of $0.34 by $0.01. Huntington Bancshares had a net margin of 25.58% and a return on equity of 13.11%. During the same quarter last year, the company posted $0.35 earnings per share. Equities research analysts expect that Huntington Bancshares will post 1.46 earnings per share for the current fiscal year.

Huntington Bancshares Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 3rd. Stockholders of record on Monday, September 19th will be issued a dividend of $0.155 per share. This represents a $0.62 dividend on an annualized basis and a dividend yield of 4.32%. The ex-dividend date of this dividend is Friday, September 16th. Huntington Bancshares's dividend payout ratio is currently 55.36%.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. StockNews.com raised shares of Huntington Bancshares from a "sell" rating to a "hold" rating in a report on Friday, April 22nd. Raymond James reduced their price objective on shares of Huntington Bancshares from $18.00 to $16.00 and set a "strong-buy" rating for the company in a research note on Thursday, July 7th. Wedbush lowered shares of Huntington Bancshares from an "outperform" rating to a "neutral" rating and set a $14.00 price objective for the company. in a research note on Thursday, June 30th. Argus upgraded shares of Huntington Bancshares from a "hold" rating to a "buy" rating and set a $15.00 price objective for the company in a research note on Thursday, July 28th. Finally, Piper Sandler lowered shares of Huntington Bancshares from an "overweight" rating to a "neutral" rating and reduced their price objective for the company from $14.00 to $13.50 in a research note on Friday, July 8th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $15.11.

Insider Transactions at Huntington Bancshares

In other news, insider Helga Houston sold 28,166 shares of Huntington Bancshares stock in a transaction on Tuesday, May 31st. The shares were sold at an average price of $13.77, for a total transaction of $387,845.82. Following the completion of the sale, the insider now directly owns 496,474 shares of the company's stock, valued at approximately $6,836,446.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Helga Houston sold 28,166 shares of Huntington Bancshares stock in a transaction on Tuesday, May 31st. The shares were sold at an average price of $13.77, for a total transaction of $387,845.82. Following the completion of the sale, the insider now directly owns 496,474 shares of the company's stock, valued at approximately $6,836,446.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Zachary Jacob Wasserman sold 5,456 shares of Huntington Bancshares stock in a transaction on Tuesday, May 31st. The stock was sold at an average price of $13.72, for a total transaction of $74,856.32. Following the sale, the chief financial officer now directly owns 207,777 shares of the company's stock, valued at $2,850,700.44. The disclosure for this sale can be found here. 0.72% of the stock is currently owned by insiders.