Stock analysts expect Huntington Bancshares Incorporated (NASDAQ: HBAN) to report earnings per share (EPS) of $ 0.33 for the current fiscal quarter, Zack reports. Four analysts provided earnings estimates for Huntington Bancshares. The highest EPS estimate is $ 0.41 and the lowest is $ 0.30. Huntington Bancshares reported earnings per share of $ 0.13 in the same quarter last year, indicating a positive year-over-year growth rate of 153.8%. The company is expected to release its next quarterly earnings report on Thursday, July 22.
According to Zacks, analysts expect Huntington Bancshares to report annual earnings of $ 1.49 per share for the current fiscal year, with EPS estimates ranging from $ 1.35 to $ 1.67. For the next fiscal year, analysts predict the company will post earnings of $ 1.38 per share, with EPS estimates ranging from $ 1.30 to $ 1.53. Zacks’ EPS calculations are an average based on a survey of research analysts who cover Huntington Bancshares.
Huntington Bancshares (NASDAQ: HBAN) last released its results on Wednesday, April 21. The bank reported earnings per share (EPS) of $ 0.48 for the quarter, beating Thomson Reuters’ consensus estimate of $ 0.32 of $ 0.16. The company posted revenue of $ 1.37 billion for the quarter, compared to analysts’ expectations of $ 1.22 billion. Huntington Bancshares had a net margin of 25.18% and a return on equity of 12.08%. The company’s revenue for the quarter increased 18.8% from the same quarter last year. During the same period of the previous year, the company posted EPS of $ 0.03.
Several research firms recently commented on HBAN. Barclays raised its price target on Huntington Bancshares shares from $ 15.00 to $ 17.00 and gave the company an “equal weight” rating in a report released on Wednesday, April 7. Raymond James raised his price target for the shares of Huntington Bancshares from $ 15.00 to $ 18.00 and gave the stock an “outperformance” rating in a report released on Wednesday, March 24. Deutsche Bank Aktiengesellschaft raised its price target for Huntington Bancshares shares from $ 14.00 to $ 16.00 and assigned the company a “conservation” rating in a research note on Thursday April 1. Morgan Stanley raised its target price on Huntington Bancshares shares from $ 17.25 to $ 18.50 and gave the company an “equal weight” rating in a research note on Thursday, March 18. Finally, Stephens raised his price target for Huntington Bancshares shares from $ 14.00 to $ 17.50 and gave the company an “equal weight” rating in a research report published on Tuesday, March 30. Six analysts rated the stock with a conservation rating and seven issued a buy rating for the stock. The stock currently has an average rating of “Buy” and a consensus price target of $ 15.08.
Actions of HBAN stock traded at $ 0.25 on Friday, reaching $ 13.27. 45,653,864 shares of the company were traded for an average volume of 15,094,613. The company has a quick ratio of 0.85, a current ratio of 0.87 and a debt ratio of 0.66. Huntington Bancshares has a one-year low of $ 8.01 and a one-year high of $ 16.91. The company’s fifty-day moving average is $ 15.46. The stock has a market cap of $ 13.51 billion, a PE ratio of 11.54 and a beta of 1.35.
The company also recently declared a quarterly dividend, which will be paid on Thursday, July 1. Shareholders of record on Thursday, June 17 will receive a dividend of $ 0.15. This represents a dividend of $ 0.60 on an annualized basis and a dividend yield of 4.52%. The ex-dividend date is Wednesday June 16. Huntington Bancshares’ dividend payout ratio is currently 86.96%.
Meanwhile, Executive Vice President Rajeev Syal sold 27,674 shares of the company in a transaction dated Monday, May 3. The shares were sold for an average price of $ 15.50, for a total value of $ 428,947.00. Following the sale, the Executive Vice President now directly owns 285,009 shares of the company, valued at approximately $ 4,417,639.50. The sale was disclosed in a legal file with the SEC, which can be accessed through this link. In addition, Executive Vice President Scott D. Kleinman sold 6,225 shares of the company in a transaction dated Thursday, May 6. The shares were sold at an average price of $ 15.56, for a total trade of $ 96,861.00. After the sale is finalized, the Executive Vice President now owns 212,853 shares of the company, valued at $ 3,311,992.68. Disclosure of this sale can be found here. Insiders have sold a total of 121,390 shares of the company valued at $ 1,924,912 in the past ninety days. 1.04% of the shares are currently owned by insiders.
Several institutional investors and hedge funds have recently bought and sold shares of HBAN. Los Angeles Capital Management LLC increased its position in shares of Huntington Bancshares by 335.4% in the 4th quarter. Los Angeles Capital Management LLC now owns 2,721,211 shares of the bank valued at $ 34,369,000 after acquiring an additional 2,096,211 shares in the last quarter. US Bancorp DE increased its stake in Huntington Bancshares by 20.8% in the fourth quarter. US Bancorp DE now owns 191,255 shares of the bank valued at $ 2,416,000 after purchasing an additional 32,992 shares last quarter. SG Americas Securities LLC increased its stake in the shares of Huntington Bancshares by 314.5% during the 4th quarter. SG Americas Securities LLC now owns 57,011 shares of the bank valued at $ 720,000 after acquiring an additional 43,258 shares in the last quarter. Lincoln National Corp increased its stake in the shares of Huntington Bancshares by 14.5% during the 4th quarter. Lincoln National Corp now owns 18,431 shares of the bank valued at $ 233,000 after acquiring an additional 2,330 shares in the last quarter. Finally, Aperio Group LLC increased its position in Huntington Bancshares shares by 2.7% during the 4th quarter. Aperio Group LLC now owns 772,662 shares of the bank valued at $ 9,759,000 after purchasing an additional 20,323 shares in the last quarter. 79.93% of the shares are currently held by institutional investors and hedge funds.
About Huntington Bancshares
Huntington Bancshares Incorporated is a regional banking holding company headquartered in Columbus, Ohio, with $ 123 billion in assets and a network of 839 branches, including 11 Private Client Group offices and 1,322 ATMs in seven Midwestern states. . Founded in 1866, National Huntington Bank and its affiliates provide services to individuals, small businesses, businesses, cash management, wealth management, brokerage, trusts and insurance.
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