Analysts expect Huntington Bancshares Incorporated (NASDAQ:HBAN) to report earnings per share (EPS) of $0.31 for the current quarter, according to Zacks Investment Research. Six analysts have issued estimates for Huntington Bancshares’ earnings. The lowest EPS estimate is $0.27 and the highest is $0.35. Huntington Bancshares reported earnings per share of $0.26 in the same quarter last year, which would indicate a positive year-over-year growth rate of 19.2%. The business is expected to report its next quarterly earnings results before the market opens on Thursday, January 24th.
According to Zacks, analysts expect that Huntington Bancshares will report full-year earnings of $1.22 per share for the current year, with EPS estimates ranging from $1.18 to $1.25. For the next fiscal year, analysts forecast that the firm will post earnings of $1.36 per share, with EPS estimates ranging from $1.32 to $1.43. Zacks’ earnings per share calculations are an average based on a survey of research analysts that cover Huntington Bancshares.
Huntington Bancshares (NASDAQ:HBAN) last released its earnings results on Tuesday, October 23rd. The bank reported $0.33 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.01. The firm had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.15 billion. Huntington Bancshares had a return on equity of 13.73% and a net margin of 29.13%. The company’s revenue was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.25 EPS.
Several equities analysts have recently weighed in on the company. Zacks Investment Research upgraded Huntington Bancshares from a “hold” rating to a “buy” rating and set a $18.00 price objective for the company in a report on Tuesday, September 25th. BidaskClub cut Huntington Bancshares from a “hold” rating to a “sell” rating in a report on Tuesday, October 2nd. Vining Sparks restated a “buy” rating and issued a $19.00 price objective on shares of Huntington Bancshares in a report on Tuesday, October 9th. ValuEngine downgraded shares of Huntington Bancshares from a “hold” rating to a “sell” rating in a research note on Monday, October 22nd. Finally, BMO Capital Markets cut their target price on shares of Huntington Bancshares from $17.00 to $15.00 and set a “market perform” rating for the company in a research note on Wednesday, October 24th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and seven have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $16.97.
In other news, Director Kathleen H. Ransier sold 4,820 shares of Huntington Bancshares stock in a transaction that occurred on Thursday, November 29th. The shares were sold at an average price of $14.53, for a total value of $70,034.60. Following the completion of the sale, the director now directly owns 113,712 shares in the company, valued at $1,652,235.36. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Stephen D. Steinour purchased 17,493 shares of the company’s stock in a transaction dated Thursday, October 25th. The stock was acquired at an average price of $13.48 per share, with a total value of $235,805.64. Following the completion of the transaction, the chief executive officer now owns 4,768,399 shares of the company’s stock, valued at approximately $64,278,018.52. The disclosure for this purchase can be found here. Company insiders own 1.05% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of HBAN. Conning Inc. grew its stake in shares of Huntington Bancshares by 6,415.4% in the third quarter. Conning Inc. now owns 2,265,666 shares of the bank’s stock worth $33,804,000 after purchasing an additional 2,230,892 shares during the last quarter. Capital World Investors bought a new stake in shares of Huntington Bancshares during the third quarter worth about $31,742,000. Capital Research Global Investors bought a new stake in shares of Huntington Bancshares during the third quarter worth about $29,531,000. Standard Life Aberdeen plc increased its position in shares of Huntington Bancshares by 119.3% during the third quarter. Standard Life Aberdeen plc now owns 3,091,022 shares of the bank’s stock worth $46,118,000 after acquiring an additional 1,681,782 shares in the last quarter. Finally, Deutsche Bank AG increased its position in shares of Huntington Bancshares by 56.1% during the third quarter. Deutsche Bank AG now owns 3,803,926 shares of the bank’s stock worth $56,753,000 after acquiring an additional 1,366,857 shares in the last quarter. 76.64% of the stock is currently owned by hedge funds and other institutional investors.
HBAN stock opened at $13.52 on Friday. The stock has a market cap of $14.43 billion, a price-to-earnings ratio of 13.80, a PEG ratio of 0.87 and a beta of 1.35. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.90 and a quick ratio of 0.89. Huntington Bancshares has a 1 year low of $11.12 and a 1 year high of $16.60.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 1st. Shareholders of record on Monday, March 18th will be given a dividend of $0.14 per share. The ex-dividend date is Friday, March 15th. This represents a $0.56 annualized dividend and a yield of 4.14%. Huntington Bancshares’s dividend payout ratio (DPR) is presently 57.14%.
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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