Huntington Bancshares Incorporated (HBAN) is a regional bank-holding company with headquarters in Columbus, Ohio. The company has $123 billion in assets and 839 branches in its network, alongside 1,322 ATMs across about seven Midwestern states.
This April, HBAN said that it expects greater demand for loans later this year, and its lending pipelines are already widespread. In addition, the company’s first-quarter report showed substantial net interest income and loan rises. In the first quarter of 2021, HBAN had an EPS of $0.48, beating estimates by $0.16.
Its revenue for the quarter was $1.37 billion, representing an 18.77% growth year over year and beating estimates by $142.5 million. The stock has a forward PE ratio of 10.16 and has gained 17.26% in the past six months and 16.32% year to date.
By the end of the first quarter of 2021, of a total surveyed 866 hedge funds, 27 held stakes in HBAN. The total value of their stakes was $154 million. This is compared to 29 hedge funds in the previous quarter, with a total stake value of roughly $88.6 million. Thus, this is a good dividend stock to buy.