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. Stockholders of record on Monday, September 18th will be paid a dividend of $0.08 per share on Monday, October 2nd. This represents a $0.32 annualized dividend and a dividend yield of 2.39%. The ex-dividend date is Friday, September 15th. View Huntington Bancshares Incorporated's Dividend History.

Huntington Bancshares Incorporated declared that its Board of Directors has approved a stock repurchase program on Thursday, June 29th 2017, which authorizes the company to buyback $308,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to reacquire up to 2.2% of its stock through open market purchases. Stock buyback programs are often a sign that the company's leadership believes its stock is undervalued.

Huntington Bancshares Incorporated (NASDAQ:HBAN) posted its quarterly earnings data on Friday, July, 21st. The company reported $0.26 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.23 by $0.03. The firm had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.07 billion. Huntington Bancshares Incorporated had a return on equity of 11.39% and a net margin of 18.41%. During the same quarter last year, the company earned $0.19 earnings per share. View Huntington Bancshares Incorporated's Earnings History.

Huntington Bancshares Incorporated is scheduled to release their next quarterly earnings announcement on Wednesday, October, 25th 2017. View Earnings Estimates for Huntington Bancshares Incorporated.

17 brokerages have issued twelve-month target prices for Huntington Bancshares Incorporated's shares. Their predictions range from $13.50 to $17.00. On average, they anticipate Huntington Bancshares Incorporated's share price to reach $15.01 in the next year. 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 increase in short interest in August. As of August 15th, there was short interest totalling 20,669,497 shares, an increase of 10.7% from the July 31st total of 18,665,279 shares. Based on an average daily trading volume, of 7,908,192 shares, the days-to-cover ratio is currently 2.6 days. Currently, 1.9% of the shares of the stock are short sold.

Some companies that are related to Huntington Bancshares Incorporated include ICICI Bank Ltd (IBN), SunTrust Banks (STI), Standard Chartered PLC (STAN), M&T Bank Corporation (MTB), Shinhan Financial Group Co Ltd (SHG), KB Financial Group (KB), KeyCorp (KEY), Regions Financial Corporation (RF), Credicorp (BAP), Banco De Chile (BCH), Banco Santander-Chile (BSAC), Comerica Incorporated (CMA), BanColombia S.A. (CIB), Grupo Aval Acciones y Valores S.A. (AVAL), SVB Financial Group (SIVB), Grupo Supervielle SA -ADR (SUPV), East West Bancorp (EWBC) and Macro Bank (BMA).

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 many different of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (10.09%), FMR LLC (8.81%), BlackRock Inc. (6.16%), State Street Corp (5.33%), Capital International Investors (4.03%) and Boston Partners (3.03%). 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, Richard W Neu, 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 Thrivent Financial For Lutherans, Ameriprise Financial Inc., Russell Investments Group Ltd., FMR LLC, Canada Pension Plan Investment Board, BlackRock Inc., Victory Capital Management Inc. and State Street Corp. 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 acquired by a variety of institutional investors in the last quarter, including Capital International Investors, Vanguard Group Inc., The Manufacturers Life Insurance Company , Nationwide Fund Advisors, Janus Henderson Group PLC, ALGEBRIS UK Ltd, Balyasny Asset Management LLC and Anchor Capital Advisors 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, Richard W Neu 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 $13.38.