Huntington Bancshares Incorporated (NASDAQ:HBAN) – Jefferies Group raised their FY2018 earnings per share (EPS) estimates for Huntington Bancshares in a research note issued on Monday. Jefferies Group analyst K. Usdin now expects that the bank will earn $1.15 per share for the year, up from their previous estimate of $1.05. Jefferies Group also issued estimates for Huntington Bancshares’ FY2019 earnings at $1.25 EPS.
A number of other equities research analysts have also recently commented on the stock. Sanford C. Bernstein raised shares of Huntington Bancshares from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $15.00 to $17.00 in a report on Thursday, September 14th. Morgan Stanley lifted their price target on shares of Huntington Bancshares from $14.50 to $16.50 and gave the stock an “equal weight” rating in a report on Wednesday, December 13th. Nomura lifted their price target on shares of Huntington Bancshares from $16.00 to $17.00 and gave the stock a “buy” rating in a report on Thursday, October 26th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $14.25 price target on shares of Huntington Bancshares in a report on Friday, October 13th. Finally, BMO Capital Markets cut shares of Huntington Bancshares from an “outperform” rating to a “market perform” rating and set a $16.00 price target on the stock. in a report on Thursday, October 26th. Six investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $16.31.
Huntington Bancshares (NASDAQ:HBAN) traded up $0.28 during trading on Wednesday, hitting $15.23. 6,983,700 shares of the company’s stock traded hands, compared to its average volume of 12,018,700. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.87 and a current ratio of 0.88. The company has a market cap of $16,800.00, a PE ratio of 18.35, a P/E/G ratio of 1.52 and a beta of 1.33. Huntington Bancshares has a 1 year low of $12.14 and a 1 year high of $15.39.
Huntington Bancshares (NASDAQ:HBAN) last posted its earnings results on Wednesday, October 25th. The bank reported $0.23 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.25 by ($0.02). Huntington Bancshares had a return on equity of 11.96% and a net margin of 20.76%. The firm had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.10 billion. During the same period in the prior year, the business earned $0.11 EPS.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 2nd. Shareholders of record on Monday, December 18th were issued a dividend of $0.11 per share. This is a boost from Huntington Bancshares’s previous quarterly dividend of $0.08. The ex-dividend date was Friday, December 15th. This represents a $0.44 dividend on an annualized basis and a yield of 2.89%. Huntington Bancshares’s payout ratio is presently 38.55%.
In other Huntington Bancshares news, EVP Daniel J. Neumeyer sold 43,491 shares of the business’s stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $13.88, for a total transaction of $603,655.08. Following the sale, the executive vice president now owns 427,270 shares of the company’s stock, valued at approximately $5,930,507.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Helga Houston sold 14,513 shares of the business’s stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $13.77, for a total transaction of $199,844.01. Following the sale, the insider now directly owns 499,824 shares in the company, valued at approximately $6,882,576.48. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.
A number of hedge funds have recently modified their holdings of the business. Sun Life Financial INC grew its position in shares of Huntington Bancshares by 99,812.5% during the 2nd quarter. Sun Life Financial INC now owns 7,993 shares of the bank’s stock valued at $108,000 after purchasing an additional 7,985 shares in the last quarter. Verition Fund Management LLC purchased a new position in shares of Huntington Bancshares during the 2nd quarter valued at $139,000. Alpha Cubed Investments LLC purchased a new position in shares of Huntington Bancshares during the 3rd quarter valued at $151,000. ClariVest Asset Management LLC grew its position in shares of Huntington Bancshares by 53.4% during the 3rd quarter. ClariVest Asset Management LLC now owns 11,200 shares of the bank’s stock valued at $156,000 after purchasing an additional 3,900 shares in the last quarter. Finally, D.A. Davidson & CO. grew its position in shares of Huntington Bancshares by 171.7% during the 2nd quarter. D.A. Davidson & CO. now owns 13,800 shares of the bank’s stock valued at $186,000 after purchasing an additional 8,720 shares in the last quarter. 73.53% of the stock is currently owned by institutional investors and hedge funds.
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About Huntington Bancshares
Huntington Bancshares Incorporated (Huntington) is a bank holding company. Through its subsidiaries, including its bank subsidiary, The Huntington National Bank (the Bank), the Company 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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