Huntington Bancshares Incorporated (NASDAQ:HBAN) – Equities research analysts at Piper Sandler increased their Q4 2021 earnings per share estimates for shares of Huntington Bancshares in a report issued on Monday, September 13th. Piper Sandler analyst R. Siefers now expects that the bank will earn $0.39 per share for the quarter, up from their previous estimate of $0.38. Piper Sandler also issued estimates for Huntington Bancshares’ Q1 2023 earnings at $0.33 EPS, Q2 2023 earnings at $0.36 EPS and FY2023 earnings at $1.46 EPS.
Huntington Bancshares (NASDAQ:HBAN) last released its quarterly earnings data on Wednesday, July 28th. The bank reported $0.35 EPS for the quarter, topping the consensus estimate of $0.32 by $0.03. The company had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.32 billion. Huntington Bancshares had a return on equity of 12.87% and a net margin of 31.76%.
HBAN opened at $15.04 on Wednesday. The stock’s fifty day moving average is $14.67 and its two-hundred day moving average is $15.17. The company has a market capitalization of $22.21 billion, a P/E ratio of 10.59 and a beta of 1.33. Huntington Bancshares has a 52 week low of $8.52 and a 52 week high of $16.91. The company has a quick ratio of 0.86, a current ratio of 0.87 and a debt-to-equity ratio of 0.42.
Several institutional investors have recently bought and sold shares of the company. Bank of America Corp DE boosted its position in shares of Huntington Bancshares by 59.2% in the 2nd quarter. Bank of America Corp DE now owns 17,047,591 shares of the bank’s stock worth $243,269,000 after purchasing an additional 6,337,573 shares in the last quarter. Newbridge Financial Services Group Inc. boosted its position in shares of Huntington Bancshares by 1,128.8% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 9,806 shares of the bank’s stock worth $140,000 after purchasing an additional 9,008 shares in the last quarter. Parametric Portfolio Associates LLC boosted its position in shares of Huntington Bancshares by 38.3% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 6,691,781 shares of the bank’s stock worth $95,492,000 after purchasing an additional 1,851,987 shares in the last quarter. Leelyn Smith LLC boosted its position in shares of Huntington Bancshares by 886.3% in the 2nd quarter. Leelyn Smith LLC now owns 113,903 shares of the bank’s stock worth $1,625,000 after purchasing an additional 102,355 shares in the last quarter. Finally, Comerica Bank boosted its position in shares of Huntington Bancshares by 118.2% in the 2nd quarter. Comerica Bank now owns 603,705 shares of the bank’s stock worth $8,826,000 after purchasing an additional 327,041 shares in the last quarter. 76.75% of the stock is owned by hedge funds and other institutional investors.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 1st. Stockholders of record on Friday, September 17th will be given a $0.15 dividend. The ex-dividend date is Thursday, September 16th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.99%. Huntington Bancshares’s payout ratio is 86.96%.
Huntington Bancshares Company Profile
Huntington Bancshares, Inc operates as a bank holding company. It provides commercial and consumer banking services, mortgage banking services, automobile financing, recreational vehicle and marine financing, equipment leasing, investment management, trust services, brokerage services, insurance programs, and other financial products and services.
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