Huntington Bancshares Incorporated (NASDAQ:HBAN) – Analysts at Jefferies Group upped their Q4 2017 EPS estimates for Huntington Bancshares in a research note issued on Monday, according to Zacks Investment Research. Jefferies Group analyst K. Usdin now anticipates that the bank will post earnings per share of $0.27 for the quarter, up from their prior forecast of $0.26.
Huntington Bancshares (NASDAQ:HBAN) last announced its quarterly earnings data on Tuesday, January 23rd. The bank reported $0.26 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.26. Huntington Bancshares had a net margin of 25.02% and a return on equity of 12.12%. The business had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same period in the prior year, the business posted $0.18 earnings per share.
HBAN has been the topic of several other reports. Zacks Investment Research upgraded shares of Huntington Bancshares from a “hold” rating to a “strong-buy” rating and set a $17.00 target price on the stock in a report on Tuesday, January 9th. Hilliard Lyons lowered shares of Huntington Bancshares from a “buy” rating to a “neutral” rating and set a $17.00 target price on the stock. in a report on Wednesday, January 24th. Barclays increased their target price on shares of Huntington Bancshares from $14.00 to $17.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 2nd. Piper Jaffray Companies reiterated a “buy” rating and issued a $15.50 target price on shares of Huntington Bancshares in a report on Tuesday, October 17th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $16.25 target price on shares of Huntington Bancshares in a report on Friday, December 22nd. Eleven investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Huntington Bancshares presently has an average rating of “Buy” and a consensus target price of $16.75.
Shares of Huntington Bancshares (HBAN) traded down $0.26 during midday trading on Tuesday, reaching $16.08. 12,434,608 shares of the company traded hands, compared to its average volume of 10,070,000. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.88 and a quick ratio of 0.87. The firm has a market capitalization of $17,380.00, a price-to-earnings ratio of 16.08, a P/E/G ratio of 1.23 and a beta of 1.35. Huntington Bancshares has a fifty-two week low of $12.14 and a fifty-two week high of $16.53.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 2nd. Stockholders of record on Monday, March 19th will be given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 2.74%. The ex-dividend date of this dividend is Friday, March 16th. Huntington Bancshares’s dividend payout ratio is 32.00%.
Several hedge funds have recently modified their holdings of the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of Huntington Bancshares by 0.3% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 80,766 shares of the bank’s stock worth $1,092,000 after acquiring an additional 216 shares in the last quarter. Raymond James Trust N.A. increased its position in shares of Huntington Bancshares by 1.3% during the second quarter. Raymond James Trust N.A. now owns 22,377 shares of the bank’s stock worth $303,000 after acquiring an additional 289 shares in the last quarter. Investment Centers of America Inc. increased its position in shares of Huntington Bancshares by 0.9% during the second quarter. Investment Centers of America Inc. now owns 77,865 shares of the bank’s stock worth $1,053,000 after acquiring an additional 676 shares in the last quarter. National Asset Management Inc. increased its position in shares of Huntington Bancshares by 5.2% during the second quarter. National Asset Management Inc. now owns 14,630 shares of the bank’s stock worth $198,000 after acquiring an additional 719 shares in the last quarter. Finally, Suntrust Banks Inc. grew its position in Huntington Bancshares by 1.4% in the second quarter. Suntrust Banks Inc. now owns 85,608 shares of the bank’s stock valued at $1,157,000 after purchasing an additional 1,142 shares in the last quarter. 73.71% of the stock is owned by 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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