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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 $12.44, up 0.73% from the previous day, and has increased 13.5% in one year. It has overperformed other stocks in the Banks - Regional industry by 0.03 percentage points. Huntington Bancshares stock is currently +34.49% from its 52-week low of $9.25, and -12.98% from its 52-week high of $14.30.

At the moment, there are 1.45B shares of HBAN outstanding. The market cap of HBAN is $18.03B. In the past 24 hours, 30.36M HBAN shares were traded.

How to Buy Huntington Bancshares Stock

Not sure how to invest in Huntington Bancshares stock? Here's how.
  1. 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.
  2. Sign up for a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected.
  3. Deposit money your investment account: Choose your payment method and add your info.
  4. 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).
  5. 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.
  6. 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.

A brokerage account allows you to buy and sell a number of investments, such as stocks, bonds, mutual funds, and ETFs.

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Step 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.

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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.

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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 Price
$12.44
1w %
-7.37%
1y %
13.5%
5y %
-7.23%
P/E
11.11x
P/B
0.93x
P/S
2.66x
PEG
1.1x
Revenue
$6.77B
Earnings
$1.63B
Fore. Rev. Growth
7.96%
Fore. Earn. Growth
11.19%
Market Cap
$18.03B
Next Earnings
Jul 19, 2024
Next Dividend
Jul 1, 2024

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 11.11x, relative to Banks - Regional industry P/E ratio of -8.48x
  • HBAN may be undervalued based on its P/B ratio of 0.93x, relative to Banks - Regional industry P/B ratio of 1.01x
  • HBAN may be overvalued based on its PEG ratio of 1.1x

You can do additional valuation analysis on HBAN's stock here.

Is HBAN a healthy company?

Signs that HBAN is financially healthy:

  • HBAN earnings of $2.12B is not sufficient to cover its interest payments.

Signs that HBAN is not financially healthy:

  • HBAN's operating cash flow of $2.99B allows it to safely service it's debt of $15.08B.
  • HBAN has a relatively high debt to equity ratio of 9.01.
  • Total HBAN debt is higher than 5 years ago, relative to shareholder equity.
  • HBAN profit margin has gone down from 31.6% to 24% in the past year.

Is HBAN stock a Buy, Hold, or Sell, according to Wall Street analysts?

Out of 15 Equities analysts who track HBAN, the consensus analyst rating on HBAN is a Strong Buy

It's important to keep in mind that analyst ratings are not recommendations, nor are they investment advice.

Latest HBAN Analyst Ratings

Ken Usdin, a top 32% analyst from Jefferies upgrades HBAN to a strong buy rating and raises their HBAN price target from $14.00 to $16.00, on Apr 8, 2024.

Ebrahim Poonawala, a top 19% analyst from Bank of America upgrades HBAN to a strong buy rating and raises their HBAN price target from $14.00 to $16.00, on Apr 8, 2024.

Bank of America's Ebrahim Poonawala upgraded their rating on Huntington Bancshares (NASDAQ: HBAN) from Hold to Strong Buy on 2024/04/08. The analyst also raised their price target by 14.3% from $14 to $16.

Poonawala thinks Huntington Bancshares can handle "multiple macroeconomic scenarios" and that the company's franchise investments and good execution will boost revenue growth into 2025. 

Based on increased forecasts for NII (Net Interest Income), the analyst increased their EPS estimates for FY 2024, 2025, and 2026 by 4%, 15%, and 14%, respectively.

John Pancari, a bottom 14% analyst from Evercore ISI Group maintains HBAN with a buy rating and raises their HBAN price target from $15.00 to $16.00, on Mar 28, 2024.

Scott Siefers, a top 22% analyst from Piper Sandler maintains HBAN with a hold rating and raises their HBAN price target from $13.00 to $14.00, on Mar 8, 2024.

Peter Winter, a top 34% analyst from DA Davidson upgrades HBAN to a strong buy rating and raises their HBAN price target from $14.00 to $15.50, on Feb 27, 2024.

You can dive deeper into what analysts are saying on the Huntington Bancshares stock forecast page.

HBAN Trading Indicators

SMA10
13.23
SMA20
13.57
SMA50
13.61
SMA100
13.33
SMA200
12.22
MACD
-0.28
MACD Signal
-0.12
MACD Histogram
-0.16
RSI
28.95
Stochastic %K
5.83
Stochastic %D
8.04
StochRSI %K
3.2
StochRSI %D
1.8

How are HBAN Revenues/Earnings doing?

Last year, HBAN earnings were $1.63B. Over the past five year, HBAN's earnings have grown by -2.17% per year. This was slower than the Banks - Regional industry average of 13.96%.

Last year, HBAN revenue was $6.77B. Over the last 5 year, HBAN's revenue has gone up by 9.34% per year. This was slower than the Banks - Regional industry average of 11.03%.

Dive into HBAN's earnings and revenue performance here.

Who is buying/selling HBAN?

In the past year, insiders at HBAN have sold more shares than they have bought.

Helga Houston, Senior Exec. V. P. of HBAN, was the latest HBAN insider to sell. They sold $596,940.96 worth of HBAN shares on May 30, 2024.

Get more info about who owns HBAN stock here.

Can I get consistent income from HBAN stock?

Huntington Bancshares pays a dividend of 4.98%, compared to the Banks - Regional industry's average dividend yield of 3.76%. If you owned $1,000 worth of HBAN stock, you would have received $49.84 in the past 12 months.

Huntington Bancshares dividend payments have consistently grown over the past decade and have remained stable.

Find more data about Huntington Bancshares dividend yield and history here.

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Step 5: Execute your HBAN purchase

There are two primary types of orders:

  • Market order: A market order is an order to buy or sell a security at the best price on the market.
    Market orders are generally sufficient.
  • Limit order: A limit order is an order to buy or sell a stock at a specific price (or better).
    If you want to ensure you're buying or selling at a particular dollar amount, place a limit order.

Click the Open button and eToro will execute the order.

If you want additional assistance investing in stocks on eToro, click the helpful video below:

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Step 6: Track your HBAN position

Now that you own some shares in HBAN, you'll want to keep up with your new shares.

Create a watchlist to keep track of your HBAN stock.

HBAN Feed

How to Buy Stock in Huntington Bancshares

To summarize, here are the 6 steps to buy stock in Huntington Bancshares:

  1. Choose where to buy Huntington Bancshares stock
  2. Sign up for a brokerage account
  3. Deposit money your investment account
  4. Evaluate Huntington Bancshares stock
  5. Execute your HBAN purchase
  6. Track your HBAN position

If you require a place to buy stocks, eToro is our recommended option.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you would like to watch your investment in Huntington Bancshares, add HBAN to your watchlist by clicking the button below.

NASDAQ: HBAN
$12.44+0.09 (+0.73%)
Updated Jun 12, 2024
Open eToro Account
NASDAQ: HBAN
$12.44+0.09 (+0.73%)
Updated Jun 12, 2024
Open eToro Account

FAQ

How much does it cost to buy one Huntington Bancshares share?

As of Jun 12, 2024, it costs $12.44 to buy one share of Huntington Bancshares stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $6, you can buy 0.482 shares of HBAN.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Huntington Bancshares stock?

According to 15 Wall Street analysts who monitor Huntington Bancshares, their consensus recommendation is to buy Huntington Bancshares stock.

What is the best way to buy Huntington Bancshares stock?

One way to place an order for Huntington Bancshares stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.