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Huntington Bancshares Incorporated (HBAN)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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14.76-0.24 (-1.60%)
At close: 4:00PM EST
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  • J
    Jacob
    Extended Trades is showing the company reported on 12/31 they bought back 452,395 shares and currently hold 5,527,689 shares. Comments?
    Bullish
  • B
    Brad
    WOW ...On the move today!!
    Bullish
  • B
    Bofo
    FED released the results of their 2nd Bank Stress Tests after market close today. Results were very good, banks are generally well capitalized to withstand any loan defaults. The restriction on Bank share buybacks was lifted but buyback amount cannot exceed trailing 12 month earnings. Great news for banks, especially those with solid earnings. Most banks up big in after-hours trading.
    Not sure if HBAN ot TCF will do any buybacks with the merger in progress.
    Bullish
  • J
    Jacob
    If there is anyone waiting to get into HBAN because of the law suits over TCF, think about the fact that HBAN paid 150% of tangible book value. Don't think a judge will listen to those lawyers more than a minute!
    Bullish
  • T
    Thaer
    STRONG BUY WILL BE 15-18 by FEB STRONG STRONG BUY!!
  • J
    Jacob
    Bofo, I want to thank you for many accurate posts on various bank sites. I just saw an announcement from JPM that they will start a $30 billion share buyback plan. That should start a major run by regional banks. I have been accumulating such shares since March. I would be interested in your thoughts on this.
    Bullish
  • B
    Bofo
    @Omar - Bank Merges/Acquisitions are usually valuated based upon Tangible Book Value, not Total Book Value. This method excludes all the fuzzy valuations such as goodwill.
    TCF tangible book is $26.07/share & TCF stockholders are receiving 3.0028 shares of HBAN for each TCF share. That represents a fairly high premium for the merger - about 1.4X - 1.5X TBV.
    HBAN will need to issue approx 500 million additional shares to complete the merger.
    The new merged HBAN will have different financials as they will need to account for all these new shares & assimilate the TCF assets and liabilities. A bit complex to fully understand how this will all work currently.
    HBAN has stated that the transaction will initially reduce TBV by 7% (not good) but increase 2022 earnings by 18% (good if it happens).
    HBAn need to supply current shareholders with much more information on how this merger will work and details on the cost savings and synergies that will be created by forming a larger bank.
  • J
    Jeff
    This merger should be worth $2 or $3 bucks a share within 6 month right?
    I dont't know ? Any thoughts.
    Bullish
  • J
    Jacob
    Piper Sandler just moved HBAN to overweight.
  • W
    WT
    In mergers, the acquiring company’s stock will usually fall. The acquired company’s stock usually gains. Arbs have played this for years with more to be made with non-financial company mergers. Today’s volume, I believe, shows our Wall Street friends all over this deal.
  • J
    Jacob
    J.P. Morgan just upgraded HBAN to a target of $16.50.
  • Y
    Yahoo Finance Insights
    Huntington Bancshares reached a 52 Week high at 15.01
  • D
    Daewoo_67
    I wonder what the stock price would be if HBAN had investor friendly management. I don't have many shares but I will be withhold votes for the directors in the future. It appears to me they are just collecting a check.
  • w
    willtori
    Share price down. HBAN never recovered from the first meriot acquisition. Will this be the same? CEO talks about long term shareholder value, but all I see is an overpaid CEO.
  • J
    Jacob
    Remember JPM upgraded to $16.50!
    Bullish
  • J
    Jeff
    Huntington Bancshares And TCF Financial Corporation Announce Merger
  • O
    Omar
    They are buying TCF with a slight premium on about a .97 book value/share..... very very cheap. It’s a good time to do this, if they can afford it. Very cheap!
  • D
    Daniel
    is this a good stock to buy?
  • D
    Dragon
    didn't know merger = panic sell-off.

    fascinating
  • g
    gary
    Banks are in fire with the government turning them loose.
    Bullish