Huntington Bancshares Incorporated (NASDAQ:HBAN) – Stock analysts at B. Riley boosted their FY2017 earnings per share (EPS) estimates for shares of Huntington Bancshares in a research report issued on Thursday. B. Riley analyst S. Moss now forecasts that the bank will post earnings of $0.99 per share for the year, up from their previous forecast of $0.98. B. Riley also issued estimates for Huntington Bancshares’ Q4 2017 earnings at $0.26 EPS, Q1 2018 earnings at $0.26 EPS, Q2 2018 earnings at $0.28 EPS, Q3 2018 earnings at $0.29 EPS, Q4 2018 earnings at $0.30 EPS, FY2018 earnings at $1.13 EPS, Q1 2019 earnings at $0.28 EPS, Q2 2019 earnings at $0.30 EPS, Q3 2019 earnings at $0.31 EPS, Q4 2019 earnings at $0.31 EPS and FY2019 earnings at $1.20 EPS.
Huntington Bancshares (NASDAQ:HBAN) last released its earnings results on Wednesday, October 25th. The bank reported $0.23 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.25 by ($0.02). The company had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.10 billion. Huntington Bancshares had a return on equity of 10.68% and a net margin of 25.22%. During the same period in the previous year, the firm posted $0.11 EPS.
HBAN has been the subject of several other research reports. Morgan Stanley boosted their target price on shares of Huntington Bancshares from $14.50 to $16.50 and gave the stock an “equal weight” rating in a research report on Wednesday, December 13th. BidaskClub raised shares of Huntington Bancshares from a “hold” rating to a “buy” rating in a research report on Friday, December 22nd. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $14.25 target price on shares of Huntington Bancshares in a research report on Friday, October 13th. Robert W. Baird reaffirmed a “hold” rating and issued a $16.00 price target on shares of Huntington Bancshares in a report on Wednesday, January 3rd. Finally, Sanford C. Bernstein raised shares of Huntington Bancshares from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $15.00 to $17.00 in a report on Thursday, September 14th. Six research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. Huntington Bancshares presently has a consensus rating of “Buy” and a consensus target price of $16.31.
Shares of Huntington Bancshares (HBAN) opened at $15.63 on Friday. The firm has a market cap of $16,900.00, a PE ratio of 18.83, a PEG 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 $15.69. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.88 and a quick ratio of 0.87.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 2nd. Stockholders of record on Monday, December 18th were issued a $0.11 dividend. The ex-dividend date was Friday, December 15th. This is a positive change from Huntington Bancshares’s previous quarterly dividend of $0.08. This represents a $0.44 annualized dividend and a dividend yield of 2.82%. Huntington Bancshares’s payout ratio is 38.55%.
In other Huntington Bancshares news, EVP Daniel J. Neumeyer sold 43,491 shares of the business’s stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $13.88, for a total transaction of $603,655.08. Following the completion of the transaction, the executive vice president now directly owns 427,270 shares of the company’s stock, valued at approximately $5,930,507.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Helga Houston sold 14,513 shares of the business’s stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $13.77, for a total transaction of $199,844.01. Following the transaction, the insider now directly owns 499,824 shares of the company’s stock, valued at $6,882,576.48. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.
Institutional investors have recently bought and sold shares of the business. Sun Life Financial INC boosted its stake in 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 during the period. Verition Fund Management LLC acquired a new position in Huntington Bancshares during the 2nd quarter valued at about $139,000. Alpha Cubed Investments LLC acquired a new position in Huntington Bancshares during the 3rd quarter valued at about $151,000. ClariVest Asset Management LLC boosted its stake in 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 during the period. Finally, D.A. Davidson & CO. boosted its stake in 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 during the period. 73.53% of the stock is owned by hedge funds and other institutional investors.
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Huntington Bancshares Company Profile
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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