---
title: Huntington Bancshares (HBAN) — intrinsic value and fair price
canonical: https://sweetvaluelab.com/stocks/hban
ticker: HBAN
as_of: 2026-10-17
sector: Financial Services
industry: Banks - Regional
---
# Huntington Bancshares (HBAN)

Huntington Bancshares (HBAN) closed at $15.27 on Oct 16, 2026, overvalued by 15% vs its model value of $13.33 (from the justified price to tangible book).

## Key figures

| Figure | Value |
| --- | ---: |
| Last close | $15.27 (Oct 16, 2026) |
| Model value (from the justified price to tangible book) | $13.33 |
| Price vs model | overvalued by 15% vs model |
| Range of that model | $11.66 – $15.55 |
| Market value | $30.9B |
| P/E (fiscal 2025) | 11.0 |
| Net margin (fiscal 2025) | 17.7% |
| Free cash flow (fiscal 2025) | $2.2B |
| Dividend yield (trailing twelve months) | 4.06% |
| Beta | 0.97 |
| Cost of capital (WACC) | 10.38% |
| Business classification | Dividend Payer (Low/slowing growth (~6% recent), High profitability (142% net margin), Pays dividends, Highly cyclical earnings, Strong FCF yield (7.2%)) |

## On the stock lists

| List | Place | Figure | Page |
| --- | ---: | ---: | --- |
| Lowest P/E | #22 | 11.0× | https://sweetvaluelab.com/lists/lowest-pe |
| Near 52-week lows | #7 | +1.7% | https://sweetvaluelab.com/lists/near-52-week-lows |

## Dividends

| Figure | Value |
| --- | ---: |
| Trailing dividend yield | 4.06% |
| Dividends per share, last 12 months | $0.62 |
| Dividends / earnings (fiscal 2025) | 41.1% |
| Raised | — |
| Growth over 5 years | 0.7% a year |
| Latest payment | $0.155, ex-date Sep 17, 2026, paid Oct 1, 2026 |

| Year of payments | Dividends per share |
| --- | ---: |
| To Sep 16, 2021 | $0.60 |
| To Sep 16, 2022 | $0.62 |
| To Sep 15, 2023 | $0.62 |
| To Sep 17, 2024 | $0.62 |
| To Sep 17, 2025 | $0.62 |
| Trailing twelve months (to Sep 17, 2026) | $0.62 |

## Valuation models

Each model's value per share and the role the engine gave it for this business. The headline above is one model's value; every other model is listed with its own, and each has a page of its own under the valuation. Computed Oct 17, 2026.

| Model | Role | Value per share | Low | High |
| --- | --- | ---: | ---: | ---: |
| P/TBV · justified | primary | $13.33 | $11.66 | $15.55 |
| P/E · peers | cross check | $16.97 | $16.45 | $20.95 |
| P/E · own history | cross check | $17.01 | $14.46 | $19.56 |
| PEG | sanity check | $11.45 | $11.45 | $11.45 |
| Dividend discount | cross check | $10.55 | $7.44 | $16.52 |

## Insider activity (SEC Form 4)

No open-market insider buys or sales filed in the past 90 days.

| Date | Insider | Relationship | Transaction | Shares | Value |
| --- | --- | --- | --- | ---: | ---: |
| Oct 1, 2026 | Wasserman Zachary Jacob | CFO and Senior Exec. V.P. | Grant / award | 2,699.167 | $0 |
| Oct 1, 2026 | Tate Jeffrey L. | Director | Grant / award | 632.361 | $0 |
| Oct 1, 2026 | Tate Jeffrey L. | Director | Grant / award | 54.008 | $0 |
| Oct 1, 2026 | STEINOUR STEPHEN D | Chairman & CEO | Grant / award | 7,250.127 | $0 |
| Oct 1, 2026 | STEINOUR STEPHEN D | Chairman & CEO | Grant / award | 591.473 | $0 |

## Recent SEC filings

| Filed | Form | What | Filing |
| --- | --- | --- | --- |
| Sep 24, 2026 | 8-K | 5.02 Departure/Election of Directors or Officers | https://www.sec.gov/Archives/edgar/data/49196/000004919626000081/hban-20260918.htm |
| Sep 18, 2026 | 8-K | 8.01 Other Events; 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/49196/000004919626000079/hban-20260918.htm |
| Sep 16, 2026 | 8-K | 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/49196/000004919626000077/hban-20260916.htm |
| Sep 10, 2026 | 8-K | 5.02 Departure/Election of Directors or Officers; 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/49196/000004919626000073/hban-20260903.htm |
| Jul 28, 2026 | 10-Q | Quarterly report | https://www.sec.gov/Archives/edgar/data/49196/000004919626000066/hban-20260630.htm |

## Superinvestors holding it (latest 13F)

| Manager | Quarter | Shares | Value |
| --- | --- | ---: | ---: |
| Mairs & Power | 2026-06-30 | 26,178 | $464,136 |

1 tracked managers in all.

## About

Huntington Bancshares Incorporated, established in Columbus, Ohio, in 1866, operates as the bank holding company for The Huntington National Bank, providing a comprehensive suite of commercial, consumer, and mortgage banking services across the United States. Its operations are organized into four key segments. The Consumer and Business Banking segment offers essential financial products to individuals and small businesses, including checking, savings, money market, and certificate of deposit accounts, along with credit cards, various loans, and investment opportunities. This segment also facilitates mortgages, insurance, interest rate risk protection, foreign exchange, and provides convenient access through ATMs, online, mobile, and telephone banking. For larger entities, the Commercial Banking segment delivers specialized financial solutions to middle-market businesses, government and…

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Source: https://sweetvaluelab.com/stocks/hban (SweetValueLab, free, no account). Prices and statements from Financial Modeling Prep; filings from SEC EDGAR. Research and educational data, not investment advice; nothing here is a recommendation to buy, sell or hold any security.