Equities analysts predict that Huntington Bancshares Incorporated (NASDAQ:HBAN) will announce earnings of $0.12 per share for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for Huntington Bancshares’ earnings, with the highest EPS estimate coming in at $0.30 and the lowest estimate coming in at ($0.87). Huntington Bancshares reported earnings of $0.33 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 63.6%. The business is scheduled to issue its next quarterly earnings results before the market opens on Thursday, July 23rd.
According to Zacks, analysts expect that Huntington Bancshares will report full year earnings of $0.43 per share for the current year, with EPS estimates ranging from ($0.43) to $0.72. For the next year, analysts expect that the firm will report earnings of $0.92 per share, with EPS estimates ranging from $0.65 to $1.30. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that cover Huntington Bancshares.
Huntington Bancshares (NASDAQ:HBAN) last announced its quarterly earnings data on Thursday, April 23rd. The bank reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.09). Huntington Bancshares had a net margin of 19.65% and a return on equity of 10.40%. The firm had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.15 billion. During the same period in the previous year, the company posted $0.32 EPS. The business’s quarterly revenue was up .8% on a year-over-year basis.
A number of equities analysts have weighed in on HBAN shares. Stephens raised shares of Huntington Bancshares from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $9.00 to $10.50 in a research report on Wednesday, June 3rd. ValuEngine raised shares of Huntington Bancshares from a “sell” rating to a “hold” rating in a research report on Friday, June 5th. Royal Bank of Canada lifted their price target on Huntington Bancshares from $10.00 to $12.00 and gave the stock an “outperform” rating in a research note on Thursday, June 11th. Robert W. Baird upgraded Huntington Bancshares from a “neutral” rating to an “outperform” rating and set a $15.00 price objective on the stock in a research note on Monday, March 9th. Finally, Nomura reaffirmed a “hold” rating and set a $7.00 target price on shares of Huntington Bancshares in a report on Sunday, April 26th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and five have issued a buy rating to the company’s stock. Huntington Bancshares presently has an average rating of “Hold” and an average target price of $10.95.
Shares of Huntington Bancshares stock opened at $9.04 on Friday. The company has a current ratio of 0.89, a quick ratio of 0.88 and a debt-to-equity ratio of 0.93. Huntington Bancshares has a twelve month low of $6.82 and a twelve month high of $15.63. The stock has a market capitalization of $9.00 billion, a P/E ratio of 9.05, a PEG ratio of 4.22 and a beta of 1.51. The business’s fifty day moving average price is $9.26 and its 200 day moving average price is $11.13.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Wednesday, June 17th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Tuesday, June 16th. This represents a $0.60 annualized dividend and a dividend yield of 6.64%. Huntington Bancshares’s dividend payout ratio is presently 47.24%.
In related news, EVP Paul G. Heller sold 46,726 shares of Huntington Bancshares stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $9.10, for a total transaction of $425,206.60. Following the sale, the executive vice president now directly owns 532,943 shares in the company, valued at $4,849,781.30. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Mark E. Thompson sold 11,464 shares of the company’s stock in a transaction dated Monday, April 27th. The stock was sold at an average price of $8.68, for a total transaction of $99,507.52. Following the completion of the sale, the executive vice president now directly owns 644,809 shares of the company’s stock, valued at approximately $5,596,942.12. The disclosure for this sale can be found here. Corporate insiders own 0.70% of the company’s stock.
Large investors have recently modified their holdings of the company. Skandinaviska Enskilda Banken AB publ increased its position in shares of Huntington Bancshares by 16.7% during the 1st quarter. Skandinaviska Enskilda Banken AB publ now owns 183,156 shares of the bank’s stock valued at $1,504,000 after purchasing an additional 26,149 shares during the period. FDx Advisors Inc. boosted its stake in Huntington Bancshares by 5.5% during the first quarter. FDx Advisors Inc. now owns 40,702 shares of the bank’s stock valued at $334,000 after buying an additional 2,127 shares in the last quarter. APG Asset Management N.V. grew its holdings in Huntington Bancshares by 74.8% during the first quarter. APG Asset Management N.V. now owns 1,236,663 shares of the bank’s stock worth $10,153,000 after acquiring an additional 529,005 shares during the period. Carret Asset Management LLC raised its position in Huntington Bancshares by 5.8% in the first quarter. Carret Asset Management LLC now owns 46,676 shares of the bank’s stock worth $383,000 after acquiring an additional 2,556 shares in the last quarter. Finally, Voloridge Investment Management LLC bought a new position in shares of Huntington Bancshares during the 1st quarter valued at about $915,000. 73.97% of the stock is owned by institutional investors.
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 operates through four business segments: Consumer and Business Banking, Commercial Banking, Vehicle Finance, and Regional Banking and The Huntington Private Client Group (RBHPCG).
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