Analysts Expect Huntington Bancshares Incorporated (NASDAQ:HBAN) Will Post Earnings of $0.32 Per Share

Analysts expect that Huntington Bancshares Incorporated (NASDAQ:HBAN) will announce earnings of $0.32 per share for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for Huntington Bancshares’ earnings. The lowest EPS estimate is $0.31 and the highest is $0.34. Huntington Bancshares reported earnings per share of $0.29 during the same quarter last year, which indicates a positive year over year growth rate of 10.3%. The company is expected to report its next quarterly earnings results on Thursday, January 23rd.

According to Zacks, analysts expect that Huntington Bancshares will report full-year earnings of $1.30 per share for the current year, with EPS estimates ranging from $1.29 to $1.31. For the next fiscal year, analysts anticipate that the company will post earnings of $1.32 per share, with EPS estimates ranging from $1.27 to $1.35. Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Huntington Bancshares.

Huntington Bancshares (NASDAQ:HBAN) last issued its quarterly earnings results on Thursday, October 24th. The bank reported $0.34 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.33 by $0.01. Huntington Bancshares had a net margin of 25.24% and a return on equity of 13.83%. The business had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter in the prior year, the company earned $0.33 EPS. The firm’s quarterly revenue was up 3.6% on a year-over-year basis.

HBAN has been the topic of a number of research reports. Raymond James reiterated a “buy” rating and set a $16.00 target price on shares of Huntington Bancshares in a research report on Friday, October 25th. ValuEngine raised shares of Huntington Bancshares from a “sell” rating to a “hold” rating in a research note on Tuesday, October 29th. DA Davidson reissued a “neutral” rating on shares of Huntington Bancshares in a report on Monday, November 18th. Bank of America cut shares of Huntington Bancshares from a “buy” rating to a “neutral” rating and set a $15.00 price objective for the company. in a research report on Friday, October 25th. Finally, BidaskClub upgraded shares of Huntington Bancshares from a “sell” rating to a “hold” rating in a research report on Monday, September 2nd. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $15.10.

In other Huntington Bancshares news, insider Helga Houston sold 14,055 shares of Huntington Bancshares stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $14.23, for a total value of $200,002.65. Following the completion of the sale, the insider now owns 474,498 shares of the company’s stock, valued at approximately $6,752,106.54. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Mark E. Thompson sold 17,337 shares of Huntington Bancshares stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $15.06, for a total transaction of $261,095.22. Following the completion of the sale, the executive vice president now directly owns 684,559 shares of the company’s stock, valued at approximately $10,309,458.54. The disclosure for this sale can be found here. Insiders sold a total of 93,108 shares of company stock worth $1,352,544 in the last ninety days. Insiders own 1.22% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the stock. Hartford Investment Management Co. lifted its stake in shares of Huntington Bancshares by 0.6% in the 2nd quarter. Hartford Investment Management Co. now owns 120,515 shares of the bank’s stock valued at $1,666,000 after purchasing an additional 754 shares during the last quarter. Ballentine Partners LLC lifted its holdings in shares of Huntington Bancshares by 3.9% during the second quarter. Ballentine Partners LLC now owns 24,489 shares of the bank’s stock worth $338,000 after purchasing an additional 925 shares during the period. Creative Planning lifted its stake in shares of Huntington Bancshares by 5.2% in the 2nd quarter. Creative Planning now owns 179,149 shares of the bank’s stock valued at $2,476,000 after purchasing an additional 8,840 shares during the period. Psagot Investment House Ltd. acquired a new position in shares of Huntington Bancshares during the 2nd quarter worth about $117,000. Finally, SG Americas Securities LLC lifted its holdings in Huntington Bancshares by 1,504.2% in the 2nd quarter. SG Americas Securities LLC now owns 316,845 shares of the bank’s stock valued at $4,379,000 after purchasing an additional 297,094 shares in the last quarter. 74.88% of the stock is owned by institutional investors.

HBAN traded down $0.02 during midday trading on Friday, hitting $15.19. The company had a trading volume of 27,781 shares, compared to its average volume of 5,904,911. Huntington Bancshares has a twelve month low of $11.12 and a twelve month high of $15.25. The company has a market capitalization of $15.71 billion, a PE ratio of 12.65, a P/E/G ratio of 2.86 and a beta of 1.46. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.90 and a current ratio of 0.91. The firm’s 50-day simple moving average is $14.67 and its 200-day simple moving average is $13.86.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Wednesday, December 18th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Tuesday, December 17th. This represents a $0.60 dividend on an annualized basis and a yield of 3.95%. Huntington Bancshares’s payout ratio is presently 50.00%.

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 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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Earnings History and Estimates for Huntington Bancshares (NASDAQ:HBAN)

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