[30], On October 3, 2009, the Federal Deposit Insurance Corporation named Huntington as receiver of a $400 million deposit portfolio from the bank failure of Warren Bank in Warren, Michigan. The bank has a network of branches and ATMs across eight Midwestern states. Four related parties own HPCI's common stock: Huntington Capital Financing LLC; Huntington Preferred Capital II, Inc.; Huntington Preferred Capital Holdings, Inc.; and Huntington Bancshares Incorporated. All these entities are tied via ownership and/or interlocking directorships to Huntington Bancshares, either directly or through Huntington National Bank. [57][58][59], On December 13, 2020, Huntington management announced a merger with Detroit-based TCF Bank. In 1971, Huntington Bancshares acquired First National Bank & Trust Company of Lima, The Woodville State Bank, and the Kent-based The Portage National Bank. View insider buying and selling activity for Huntington Bancshares or or view top insider-buying stocks. Get short term trading ideas from the MarketBeat Idea Engine. Huntington Bancshares to Acquire TCF Financial and Create Top 10 U.S. Bank The deal continues the recent wave of regional bank consolidation and creates a bank with $168 billion in assets. [37][38][39][40], In 2012, Huntington was in merger discussions with Flint, Michigan-based Citizens Republic Bancorp. HBAN has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. [61], In 2012, Huntington started displaying old checks that were written by famous people, including 24 former U.S. Presidents such as Abraham Lincoln, George Washington, Thomas Jefferson, Andrew Jackson, Theodore Roosevelt, Franklin Roosevelt, and Niles, Ohio native William McKinley. Huntington Bancshares Incorporated is a regional bank holding company headquartered in Columbus, Ohio, with $123 billion of assets and a network of … It was organized under Ohio law in 1992 and designated as a REIT in 1998. Find real-time HBAN - Huntington Bancshares Inc stock quotes, company profile, news and forecasts from CNN Business. [52][53][54], In January 2016, Huntington announced it would purchase Akron-based FirstMerit Corporation for $3.4 billion, making it one of the largest banks in Ohio. [63] The checks are estimated to be worth over $75,000 today. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. [29] Ultimately, PNC sold the overlapping branches to First Niagara Bank. [60] Under the terms of the merger agreement, the bank will retain the Huntington name with commercial banking headquartered in Detroit and retail banking based in Columbus. Fundamental company data provided by Morningstar and Zacks Investment Research. About Huntington. Dive deeper with interactive charts and top stories of HUNTINGTON BANCSHARES INCORPORATED. This payout ratio is at a healthy, sustainable level, below 75%. Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter. Huntington Bancshares has a market value of $13.15 billion, while TCF Financial's market capitalization is $5.3 billion, according to Refinitiv data. One share of HBAN stock can currently be purchased for approximately $13.54. © 2021 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. [4], P. W. Huntington formed P. W. Huntington & Company in 1866, operating on the northwest corner of High and Broad Streets. The company's bottom line came in … Huntington Bancshares is scheduled to release its next quarterly earnings announcement on Thursday, April 22nd 2021. In 1975, the company changed its logo to its current "honeycomb" logo. Top institutional shareholders include KAMES CAPITAL plc (0.27%), New York State Teachers Retirement System (0.14%), Gateway Investment Advisers LLC (0.12%), Randolph Co Inc (0.12%), Strs Ohio (0.12%) and Crossmark Global Holdings Inc. (0.05%). You can’t afford to miss out on the once in a decade chance to buy after the recent dip in the markets. Huntington Bancshares Inc. will acquire TCF Financial Corp. in an all-stock deal valued at almost $6 billion, one of the largest regional bank tie-ups this year. Specifically, they have bought $0.00 in company stock and sold $508,000.00 in company stock. [9] Huntington acquired the tiny Savings Bank of Chillicothe, Ohio in the early 1980s, which gained some fame in 2011 when 100-year-old June Gregg revealed to Huntington officials that her father had opened a savings account for her as a baby with Savings Bank in 1913 and that she had subsequently kept the account open. Real time Huntington Bancshares (HBAN) stock price quote, stock graph, news & analysis. HBAN stock was bought by a variety of institutional investors in the last quarter, including KAMES CAPITAL plc, Strs Ohio, Nisa Investment Advisors LLC, Game Plan Financial Advisors LLC, Candriam Luxembourg S.C.A., Kestra Advisory Services LLC, Brookstone Capital Management, and First Midwest Bank Trust Division. View the latest Huntington Bancshares Inc. (HBAN) stock price, news, historical charts, analyst ratings and financial information from WSJ. 659 employees have rated Huntington Bancshares CEO Steve Steinour on Glassdoor.com. In 1966, Huntington Bancshares Incorporated (HBI) was established as a bank holding company. Get Huntington Bancshares (HBAN:NASDAQ) real-time stock quotes, news, price and financial information from CNBC. During the same period in the previous year, the company earned $0.28 earnings per share. [45][46][47][48], In September 2014, the company acquired 24 offices of Bank of America in Central Michigan, including the Port Huron, Flint, and Saginaw markets. Get Huntington Bancshares (HBAN:NASDAQ) real-time stock quotes, news and financial information from CNBC. [41][42], In the first quarter of 2013, Huntington changed its ATMs to new ones that allow customers to make deposits by inserting cash and checks directly into the ATM. Get the latest Huntington Bancshares Incorporated HBAN detailed stock quotes, stock … After the stock dividend was paid, HPCLI became a wholly owned subsidiary of Huntington Preferred Capital Holdings, which holds all the shares of HPCLI. You can opt out at any time. Huntington Bancshares (NASDAQ:HBAN) Q4 earnings and revenue fall short of consensus estimates as it navigated the low interest rate environment and economic volatility from … Export data to Excel for your own analysis. Huntington Bancshares updated its FY 2021 Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. VP, Controller & Principal Accounting Officer, Exec. The dividend payout ratio of Huntington Bancshares is 47.24%. Chief Technology and Operations Officer & Sr. EVP, Sr. EVP of Consumer & Bus. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. This stock is largely held by the same companies as the common stock, but a small fraction of the available shares are sold on the open market. To see all exchange delays and terms of use please see disclaimer. View insider buying and selling activity for Huntington Bancshares or view top insider-selling stocks. Vote “Underperform” if you believe HBAN will underperform the S&P 500 over the long term. In 1973, Alger Savings Bank merged into an affiliate in Kenton, Ohio. 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. The official website for Huntington Bancshares is www.huntington.com. Huntington Bancshares Incorporated is a regional bank holding company headquartered in Columbus, Ohio, with $120 billion of assets … Huntington Bancshares has received a consensus rating of Hold. Huntington Bancshares employs 15,664 workers across the globe. 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). TCF pays a dividend yield of 4.03%. [20][21][22][23][24], In November 2008, the United States Department of the Treasury invested $1.4 billion in the company as part of the Troubled Asset Relief Program and in December 2010, the company repaid the Treasury. Huntington Bancshares has only been increasing its dividend for 1 years. 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. [55] Due to Sherman Antitrust Act concerns by the United States Department of Justice, it sold 11 branches in Canton and two in Ashtabula to First Commonwealth Bank. Huntington Bancshares Inc has agreed to buy TCF Financial Corp for $6 billion in stock, marking the latest tie-up among U.S. regional lenders seeking scale. [15][16][17], In March 2006, the company acquired Unizan Financial. Huntington Bancshares has a PEG Ratio of 3.26. This suggests that the stock has a possible downside of 11.3%. All rights reserved. Huntington Bancshares has a P/B Ratio of 1.31. Huntington Bancshares declared a quarterly dividend on Friday, January 22nd. Huntington Bancshares pays an annual dividend of $0.60 per share, with a dividend yield of 4.09%. [44], In March 2014, the company acquired Ohio-based Camco Financial, holding company for Advantage Bank, for $97 million in stock. The company's average rating score is 2.44, and is based on 8 buy ratings, 10 hold ratings, and no sell ratings. View Huntington Bancshares' dividend history. In 1969, it acquired the Ashland-based Farmers Bank. The U.S. government made a profit of over $144 million from its investment in the company. This payout ratio is at a healthy, sustainable level, below 75%. Sign-up to receive the latest news and ratings for HBAN and its competitors with MarketBeat's FREE daily newsletter. © American Consumer News, LLC dba MarketBeat® 2010-2021. Huntington officials later confirmed it and gave her account a temporary increase in her interest rate to 5% as a centenarian present for her 98-year loyalty to Huntington and the Chillicothe branch's predecessor, Savings Bank. According to analysts' consensus price target of $12.01, Huntington Bancshares has a forecasted downside of 10.9% from its current price of $13.48. View analyst ratings for Huntington Bancshares or view MarketBeat's top 5 stock picks. MarketBeat's community ratings are surveys of what our community members think about Huntington Bancshares and other stocks. CEO Commentary: "We are pleased with our … The consensus among Wall Street equities research analysts is that investors should "hold" Huntington Bancshares stock. [34][35][36], In March 2012, the bank acquired Dearborn-based Fidelity Bank. View our full suite of financial calendars and market data tables, all for free. Huntington Bancshares has been the subject of 8 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Huntington Bancshares Incorporated operates as a holding company for The Huntington National Bank that provides commercial, small business, consumer, and mortgage banking services. Please log in to your account or sign up in order to add this asset to your watchlist. View which stocks have been most impacted by COVID-19. It also provides insurance, interest rate risk protection, foreign exchange, and treasury management services, as well as online, mobile, and telephone banking services. On average, they anticipate Huntington Bancshares' stock price to reach $12.01 in the next twelve months. Earnings for Huntington Bancshares are expected to grow by 69.44% in the coming year, from $0.72 to $1.22 per share. [65], Coordinates: .mw-parser-output .geo-default,.mw-parser-output .geo-dms,.mw-parser-output .geo-dec{display:inline}.mw-parser-output .geo-nondefault,.mw-parser-output .geo-multi-punct{display:none}.mw-parser-output .longitude,.mw-parser-output .latitude{white-space:nowrap}39°57′40″N 83°00′02″W / 39.961153°N 83.000594°W / 39.961153; -83.000594, list of largest banks in the United States, Huntington Convention Center of Cleveland, "Huntington Bancshares Incorporated 2017 Form 10-K Annual Report", "Huntington hires Ex-Citizens Financial exec as CEO", "Huntington Bank cites tax reform for spike in small business loans", "Shaping Columbus: P.W. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. In January 2009, the bank's Board of Directors named Steve Steinour as president, CEO, and chairman, succeeding Thomas Hoaglan, who retired after eight years in those positions. Some companies that are related to Huntington Bancshares include Truist Financial (TFC), The PNC Financial Services Group (PNC), First Republic Bank (FRC), SVB Financial Group (SIVB), Fifth Third Bancorp (FITB), M&T Bank (MTB), KeyCorp (KEY), Regions Financial (RF), East West Bancorp (EWBC), Signature Bank (SBNY), Commerce Bancshares (CBSH), First Horizon (FHN), Zions Bancorporation, National Association (ZION), Western Alliance Bancorporation (WAL) and Prosperity Bancshares (PB). [6] Huntington died in 1918 shortly after turning the bank over to his sons. View the latest HBAN stock quote and chart on MSN Money. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. View all of HBAN's competitors. Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: You have already added five stocks to your watchlist. In 1922, the bank received full trust powers from the Federal Reserve System. (Add your “outperform” vote. Wall Street analysts have given Huntington Bancshares a "Hold" rating, but there may be better short-term opportunities in the market. ), Huntington Bancshares has received 869 “underperform” votes. MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Huntington Bancshares had a trailing twelve-month return on equity of 7.70% and a net margin of 15.34%. In 1972, it acquired The First National Bank of Wadsworth and The First National Bank of Kenton, also establishing the first 24-hour, fully automated banking office. Company insiders that have bought Huntington Bancshares stock in the last two years include Richard W Neu, and Stephen D Steinour. Since then, HBAN stock has increased by 48.3% and is now trading at $13.54. Their forecasts range from $7.00 to $16.50. The fund owned 100,478 shares of the bank’s stock after acquiring an additional 14,148 shares during the period. [18][19], In July 2007, the company acquired Sky Financial Group Inc. based in Bowling Green, Ohio, which increased its presence in Indiana and Ohio and expanded it into Western Pennsylvania for the first time. This raised the number of Huntington branches in Michigan to 173, including over 40 locations housed in Meijer stores. 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. There are currently 10 hold ratings and 8 buy ratings for the stock. View Huntington Bancshares Incorporated HBAN investment & stock information. On December 31, 2007, Huntington Preferred Capital paid common stock dividends consisting of cash and the stock of HPCLI to its common stock shareholders. HBAN stock was sold by a variety of institutional investors in the last quarter, including First American Bank, Beese Fulmer Investment Management Inc., CX Institutional, Crossmark Global Holdings Inc., Park National Corp OH, Randolph Co Inc, State of Alaska Department of Revenue, and New York State Teachers Retirement System. In 1981, the bank acquired Alexandria Bank Company and renamed it The Huntington State Bank, with a loan production office opening in Cincinnati, Ohio. Based on earnings estimates, Huntington Bancshares will have a dividend payout ratio of 49.18% next year. Huntington Bancshares is a leading dividend payer. The bank reported $0.27 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.29 by $0.02. Want to see which stocks are moving? Identify stocks that meet your criteria using seven unique stock screeners. But, a noted mining expert‘s new report uncovers what might be, as in maybe, some serious value in a ”once-small” company with a massive property right next to world-famous majors. In 1979, a loan production office opened in Dayton, Ohio.[9]. 72.59% of the stock of Huntington Bancshares is held by institutions. Huntington Bancshares' mailing address is 41 South High Street, COLUMBUS OH, 43287. (RTTNews) - Huntington Bancshares Inc. (HBAN) announced a profit for fourth quarter that dropped from the same period last year. Huntington Bancshares does not yet have a strock track record of dividend growth. [31][32][33], On December 18, 2009, Huntington signed a 45-day lease with the FDIC to run a bridge bank for the failed Citizens State Bank in New Baltimore, Michigan. 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