Huntington's shares closed at $6.72 Wednesday, trading for 1.2 times their reported Dec. 31 tangible book value of $5.78, and for 10.3 times the consensus 2013 EPS estimate of 65 cents. The consensus 2014 EPS estimate is 68 cents.
Based on a quarterly payout of four cents, the shares have a dividend yield of 2.38%. The company repurchased 23.3 million shares during 2012, at an average price of $6.36.
Jefferies analyst Ken Usdin said in a note following the earnings release that "We view the quarter as a touch soft, but the better guide for net interest income (modest growth) and [management's] trimming of the pace and size of planned investments in '13 should provide some solace."
Usdin rates Huntington a "Buy," with a price target of $7.50, estimating the company will earn 65 cents a share in 2013.
Interested in more on Huntington Bancshares? See TheStreet Ratings' report card for this stock.
Written by Philip van Doorn in Jupiter, Fla.