Brokerages predict that Huntington Bancshares (NASDAQ:HBAN) will post $0.29 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Seven analysts have made estimates for Huntington Bancshares’ earnings. The lowest EPS estimate is $0.28 and the highest is $0.31. Huntington Bancshares posted earnings of $0.26 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 11.5%. The company is scheduled to issue its next quarterly earnings report on Friday, July 20th.
According to Zacks, analysts expect that Huntington Bancshares will report full-year earnings of $1.21 per share for the current fiscal year, with EPS estimates ranging from $1.20 to $1.26. For the next fiscal year, analysts forecast that the company will post earnings of $1.34 per share, with EPS estimates ranging from $1.30 to $1.43. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that follow Huntington Bancshares.
Huntington Bancshares (NASDAQ:HBAN) last posted its quarterly earnings data on Tuesday, April 24th. The bank reported $0.28 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.28. The company had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.10 billion. Huntington Bancshares had a net margin of 26.97% and a return on equity of 12.64%. The firm’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.21 EPS.
A number of research firms have weighed in on HBAN. BidaskClub raised shares of Huntington Bancshares from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 10th. Hilliard Lyons raised shares of Huntington Bancshares from a “neutral” rating to a “buy” rating and set a $17.00 price objective for the company in a research report on Friday, February 9th. Sandler O’Neill reissued a “buy” rating and issued a $18.00 price objective on shares of Huntington Bancshares in a research report on Tuesday, January 23rd. BMO Capital Markets reissued a “hold” rating and issued a $18.00 price objective on shares of Huntington Bancshares in a research report on Wednesday, January 24th. Finally, Zacks Investment Research cut shares of Huntington Bancshares from a “buy” rating to a “hold” rating in a research report on Tuesday, February 13th. Ten equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Huntington Bancshares currently has an average rating of “Buy” and an average target price of $16.98.
In other Huntington Bancshares news, EVP Nancy E. Maloney sold 1,958 shares of the firm’s stock in a transaction dated Friday, May 4th. The shares were sold at an average price of $14.54, for a total value of $28,469.32. Following the transaction, the executive vice president now owns 79,646 shares of the company’s stock, valued at $1,158,052.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.05% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of HBAN. SWS Partners bought a new position in Huntington Bancshares in the fourth quarter worth about $126,000. Stelac Advisory Services LLC bought a new position in Huntington Bancshares in the first quarter worth about $131,000. IHT Wealth Management LLC lifted its holdings in Huntington Bancshares by 164.4% in the first quarter. IHT Wealth Management LLC now owns 9,421 shares of the bank’s stock worth $138,000 after acquiring an additional 5,858 shares during the last quarter. Institutional & Family Asset Management LLC bought a new position in Huntington Bancshares in the first quarter worth about $140,000. Finally, Kovack Advisors Inc. bought a new position in Huntington Bancshares in the fourth quarter worth about $147,000. 74.66% of the stock is currently owned by hedge funds and other institutional investors.
Huntington Bancshares opened at $15.15 on Wednesday, Marketbeat Ratings reports. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.88 and a quick ratio of 0.88. The stock has a market capitalization of $16.65 billion, a price-to-earnings ratio of 15.46, a PEG ratio of 1.05 and a beta of 1.34. Huntington Bancshares has a 1-year low of $15.06 and a 1-year high of $15.29.
The business also recently declared a quarterly dividend, which will be paid on Monday, July 2nd. Stockholders of record on Monday, June 18th will be given a dividend of $0.11 per share. The ex-dividend date of this dividend is Friday, June 15th. This represents a $0.44 annualized dividend and a dividend yield of 2.90%. Huntington Bancshares’s payout ratio is 44.90%.
Huntington Bancshares Company Profile
Huntington Bancshares Incorporated operates as a holding company for The Huntington National Bank that provides commercial, small business, consumer, and mortgage banking services. The company's Consumer and Business Banking segment offers financial products and services, such as checking accounts, savings accounts, money market accounts, certificates of deposit, consumer loans, and small business loans; and investments, mortgages, insurance, interest rate risk protection, and foreign exchange and treasury management services.
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