Analysts predict that Huntington Bancshares (NASDAQ:HBAN) will post $0.29 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have provided estimates for Huntington Bancshares’ earnings. The lowest EPS estimate is $0.28 and the highest is $0.31. Huntington Bancshares reported earnings per share of $0.26 in the same quarter last year, which suggests a positive year-over-year growth rate of 11.5%. The business is expected to report its next quarterly earnings results 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 financial year, with EPS estimates ranging from $1.20 to $1.26. For the next fiscal year, analysts anticipate 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 EPS calculations are a mean average based on a survey of research firms that follow Huntington Bancshares.
Huntington Bancshares (NASDAQ:HBAN) last released its earnings results on Tuesday, April 24th. The bank reported $0.28 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.28. Huntington Bancshares had a return on equity of 12.64% and a net margin of 26.97%. The company had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.10 billion. During the same quarter in the previous year, the firm posted $0.21 EPS. The firm’s quarterly revenue was up 3.4% on a year-over-year basis.
In related news, EVP Nancy E. Maloney sold 1,958 shares of the company’s stock in a transaction that occurred on Friday, May 4th. The stock was sold at an average price of $14.54, for a total value of $28,469.32. Following the sale, the executive vice president now owns 79,646 shares of the company’s stock, valued at approximately $1,158,052.84. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.05% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently bought and sold shares of HBAN. Macquarie Group Ltd. lifted its stake in shares of Huntington Bancshares by 18.7% during the 4th quarter. Macquarie Group Ltd. now owns 847,190 shares of the bank’s stock worth $13,892,000 after purchasing an additional 133,654 shares during the period. CIBC World Markets Inc. purchased a new position in shares of Huntington Bancshares during the 4th quarter worth $201,000. Wells Fargo & Company MN lifted its stake in shares of Huntington Bancshares by 19.6% during the 4th quarter. Wells Fargo & Company MN now owns 4,610,414 shares of the bank’s stock worth $67,128,000 after purchasing an additional 754,308 shares during the period. Ferris Capital LLC purchased a new position in shares of Huntington Bancshares during the 4th quarter worth $444,000. Finally, Mackenzie Financial Corp purchased a new position in shares of Huntington Bancshares during the 4th quarter worth $20,189,000. 74.66% of the stock is currently owned by hedge funds and other institutional investors.
NASDAQ HBAN opened at $15.15 on Wednesday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.88 and a current ratio of 0.88. Huntington Bancshares has a 12-month low of $15.06 and a 12-month high of $15.29. The company has a market cap of $16.65 billion, a price-to-earnings ratio of 15.46, a price-to-earnings-growth ratio of 1.05 and a beta of 1.34.
The business also recently announced a quarterly dividend, which will be paid on Monday, July 2nd. Investors of record on Monday, June 18th will be paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 2.90%. The ex-dividend date is Friday, June 15th. Huntington Bancshares’s payout ratio is currently 44.90%.
About Huntington Bancshares
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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