Huntington Bancshares (HBAN) Projected to Post Quarterly Earnings on Thursday

Huntington Bancshares (NASDAQ:HBAN) is anticipated to issue its quarterly earnings data before the market opens on Thursday, April 17th. Analysts expect Huntington Bancshares to post earnings of $0.31 per share and revenue of $1.89 billion for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Huntington Bancshares (NASDAQ:HBAN) last announced its quarterly earnings data on Friday, January 17th. The bank reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.03. Huntington Bancshares had a net margin of 16.23% and a return on equity of 11.23%. During the same period in the prior year, the company earned $0.27 earnings per share. On average, analysts expect Huntington Bancshares to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Huntington Bancshares Trading Up 1.9 %

HBAN opened at $13.40 on Wednesday. Huntington Bancshares has a one year low of $11.92 and a one year high of $18.45. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.88 and a current ratio of 0.89. The stock has a market cap of $19.57 billion, a price-to-earnings ratio of 10.89, a P/E/G ratio of 1.33 and a beta of 0.89. The stock’s 50 day moving average price is $15.06 and its 200-day moving average price is $16.03.

Huntington Bancshares Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 18th were paid a $0.155 dividend. The ex-dividend date was Tuesday, March 18th. This represents a $0.62 dividend on an annualized basis and a yield of 4.63%. Huntington Bancshares’s payout ratio is 50.41%.

Analyst Upgrades and Downgrades

HBAN has been the subject of a number of recent analyst reports. Piper Sandler lowered their target price on shares of Huntington Bancshares from $17.50 to $17.00 and set an “underweight” rating for the company in a research note on Tuesday, January 21st. Royal Bank of Canada reissued an “outperform” rating and issued a $20.00 price objective on shares of Huntington Bancshares in a research report on Tuesday, January 21st. Citigroup reduced their target price on shares of Huntington Bancshares from $20.00 to $18.00 and set a “buy” rating on the stock in a research report on Monday, March 24th. Robert W. Baird upgraded Huntington Bancshares from a “neutral” rating to an “outperform” rating and set a $18.00 price target for the company in a report on Friday, March 7th. Finally, Stephens restated an “equal weight” rating and set a $18.50 price objective on shares of Huntington Bancshares in a report on Friday, February 7th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $17.94.

Insider Transactions at Huntington Bancshares

In related news, CFO Zachary Jacob Wasserman sold 38,451 shares of the company’s stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $14.38, for a total transaction of $552,925.38. Following the transaction, the chief financial officer now directly owns 335,538 shares of the company’s stock, valued at $4,825,036.44. This represents a 10.28 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, VP Scott D. Kleinman sold 69,088 shares of the firm’s stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $14.67, for a total value of $1,013,520.96. Following the completion of the sale, the vice president now directly owns 453,129 shares of the company’s stock, valued at approximately $6,647,402.43. This represents a 13.23 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 111,781 shares of company stock valued at $1,631,151 in the last 90 days. Insiders own 0.89% of the company’s stock.

About Huntington Bancshares

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. The company offers financial products and services to consumer and business customers, including deposits, lending, payments, mortgage banking, dealer financing, investment management, trust, brokerage, insurance, and other financial products and services.