How to Buy Huntington Bancshares Stock
Huntington Bancshares Inc
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.
Huntington Bancshares stock last closed at $10.52, up 0.96% from the previous day, and has decreased 23.82% in one year. It has underperformed other stocks in the Banks - Regional industry by 0.06 percentage points. Huntington Bancshares stock is currently +15.22% from its 52-week low of $9.13, and -33.16% from its 52-week high of $15.74.
At the moment, there are 1.44B shares of HBAN outstanding. The market cap of HBAN is $15.19B. In the past 24 hours, 8.9M HBAN shares were traded.
How to Buy Huntington Bancshares Stock
Not sure how to invest in Huntington Bancshares stock? Here's how.
- Choose where to buy Huntington Bancshares stock: You need to choose an online brokerage, but don't worry - we've tried dozens of stock brokerages and apps to help you decide where to buy Huntington Bancshares stock.
- Sign up for a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected.
- Deposit money your investment account: Choose your payment method and add your info.
- Evaluate Huntington Bancshares stock: The Huntington Bancshares ticker symbol is HBAN. Is Huntington Bancshares stock a good investment? Should you buy shares of HBAN? How do HBAN's underlying business fundamentals look? Do top analysts think Huntington Bancshares is a good buy? Why has HBAN's stock price moved recently? (Hint: Our stock market research tools can help you evaluate if HBAN is a good stock to buy).
- Execute your HBAN purchase: Decide if you will purchase HBAN shares at the current market price or use a limit order to purchase HBAN stock at a specific price.
- Track your HBAN position: Create a watchlist to get live updates on your position in Huntington Bancshares stock.
Step 1: Choose where to buy Huntington Bancshares stock
You will need an online brokerage account in order to access the NASDAQ market and buy HBAN shares.
Our favorite brokerage: eToro
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Get $10 towards your purchase of shares by opening an account with eToro now.
Open eToro AccountStep 2: Sign up for a brokerage account
Now that you've selected your brokerage, you'll need to fill out some personal information so you can buy HBAN stock today.
How to Start a New Brokerage Account on eToro
- Click here to get started.
- Enter your personal details to start your new trading account.
- Submit your application by clicking the "Create Account" button.
Step 3: Deposit money your investment account
Now that you have finished signing up on stock market apps, you need to deposit funds:
Watch the tutorial below if you need help depositing funds into your brokerage account.
Step 4: Evaluate Huntington Bancshares stock
After you have identified the best place to buy Huntington Bancshares stock, it's critical to research their stock prior to investing, so you truly comprehend the risk and opportunity.
Huntington Bancshares stock at a glance
HBAN Overview
WallStreetZen was designed to help everyday investors do better fundamental analysis in less time.
You can view all of the due diligence checks on HBAN's stock page.
Is HBAN stock overvalued?
You can use many financial metrics, analyses, models, and charts to gauge HBAN's intrinsic value.
Using relative valuations measures:
- HBAN may be undervalued based on its P/E ratio of 6.74x, relative to Banks - Regional industry P/E ratio of 20.04x
- HBAN may be undervalued based on its P/B ratio of 0.81x, relative to Banks - Regional industry P/B ratio of 0.88x
You can do more valuation analysis on HBAN's stock here.
A quick look at HBAN Financials
Signs that HBAN is financially healthy:
- HBAN earnings of $2.93B is not sufficient to cover its interest payments.
- HBAN profit margin has gone up from 17.6% to 31.6% in the past year.
Signs that HBAN is not financially healthy:
- HBAN has a relatively high debt to equity ratio of 9.08.
- Total HBAN debt is higher than 5 years ago, relative to shareholder equity.
- HBAN's operating cash flow of $3.31B allows it to safely service it's debt of $19.97B.
Do Wall Street analysts think it's a good time to buy HBAN stock
Out of 10 Equities analysts who give forecasts on HBAN, the consensus analyst rating on HBAN is a Buy
Please keep in mind that analyst ratings are not recommendations, nor are they financial advice.
Latest HBAN Analyst Forecasts
Ryan Nash, a bottom 7% analyst from Goldman Sachs maintains HBAN with a strong buy rating and lowers their HBAN price target from $13.50 to $12.00, on May 19, 2023.
Betsy Graseck, a bottom 9% analyst from Morgan Stanley maintains HBAN with a strong buy rating and lowers their HBAN price target from $13.00 to $12.00, on May 16, 2023.
Scott Siefers, a top 22% analyst from Piper Sandler maintains HBAN with a hold rating and raises their HBAN price target from $12.00 to $13.00, on Apr 21, 2023.
Jon Arfstrom, a top 35% analyst from RBC Capital maintains HBAN with a buy rating and lowers their HBAN price target from $16.00 to $15.00, on Apr 21, 2023.
David Chiaverini, a bottom 9% analyst from Wedbush reiterates HBAN with a hold rating and maintains their HBAN price target from $12.00 to $12.00, on Apr 21, 2023.
You can dig deeper into what analysts are forecasting on the Huntington Bancshares stock forecast page.
HBAN Trading Indicators
HBAN Performance Metrics
Last year, HBAN earnings were $2.27B. In the past 5 year, HBAN's earnings have increased by 6.47% per year. This was slower than the Banks - Regional industry average of 20.03%.
Last year, HBAN revenue was $7.18B. In the past five year, HBAN's revenue has gone up by 11.58% per year. This was faster than the Banks - Regional industry average of 6.1%.
Find out more about HBAN's earnings and revenue performance here.
Who is buying/selling HBAN?
Over the past 12 months, executives and large shareholders at HBAN have sold more shares than they have bought.
Paul G. Heller, Sr. EVP Chief Technology Off of HBAN, was the latest HBAN insider to sell. They sold $1,470,240.00 worth of HBAN stock on May 12, 2023.
Research more about who owns HBAN shares here.
Does HBAN provide a stable income stream?
Huntington Bancshares pays a dividend of 5.89%, compared to the Banks - Regional industry's average dividend yield of 4.25%. If you owned $1,000 of HBAN stock, you would have been paid $58.94 last year.
Huntington Bancshares dividend payments have consistently grown over the past decade and have remained stable.
Dig into more data about Huntington Bancshares dividend yield and history here.
Get opinions from other investors
One of the major reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to see what other traders have to say.
Step 5: Execute your HBAN purchase
There are two primary order types:
- Market order: A market order is an order to buy or sell a security at the best possible price.
Market orders are generally fine for most investors. - Limit order: A limit order is an order to buy or sell a stock at a specific price (or better).
If you want to make sure you're buying or selling at an exact price limit, use a limit order.
Hit the Open Trade button and eToro will place your order.
If you want additional help with buying stocks on eToro, watch the how to video below:
Step 6: Track your HBAN position
Now that you own some HBAN stock, you'll want to stay up-to-date on your investment.
Put HBAN on a watchlist to keep track of your HBAN stock.
HBAN Feed
How to Buy Stock in Huntington Bancshares
To reiterate, here are the 6 steps to buy Huntington Bancshares stock:
- Choose where to buy Huntington Bancshares stock
- Sign up for a brokerage account
- Deposit money your investment account
- Evaluate Huntington Bancshares stock
- Execute your HBAN purchase
- Track your HBAN position
If you require a online brokerage, eToro is our recommended venue.
Get Started with eToro TodayIf you want to get the latest news on your new investment in Huntington Bancshares, create a watchlist today.
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