Huntington Bancshares Incorporated (NASDAQ:HBAN) – Investment analysts at Jefferies Group issued their Q1 2018 EPS estimates for shares of Huntington Bancshares in a research note issued to investors on Tuesday, according to Zacks Investment Research. Jefferies Group analyst K. Usdin expects that the bank will earn $0.27 per share for the quarter. Jefferies Group also issued estimates for Huntington Bancshares’ Q2 2018 earnings at $0.27 EPS, Q3 2018 earnings at $0.29 EPS and Q4 2018 earnings at $0.31 EPS.
HBAN has been the topic of a number of other research reports. Morgan Stanley increased their price objective on Huntington Bancshares from $14.50 to $16.50 and gave the company an “equal weight” rating in a report on Wednesday, December 13th. BidaskClub upgraded Huntington Bancshares from a “hold” rating to a “buy” rating in a report on Friday, December 22nd. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $14.25 price objective on shares of Huntington Bancshares in a report on Friday, October 13th. Nomura increased their price objective on Huntington Bancshares from $16.00 to $17.00 and gave the company a “buy” rating in a report on Thursday, October 26th. Finally, Robert W. Baird reiterated a “hold” rating and issued a $16.00 price objective on shares of Huntington Bancshares in a report on Wednesday, January 3rd. Eleven research 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. The company has a consensus rating of “Buy” and an average price target of $16.75.
Shares of Huntington Bancshares (NASDAQ:HBAN) traded down $0.26 during midday trading on Friday, reaching $16.08. The company’s stock had a trading volume of 12,410,661 shares, compared to its average volume of 10,070,000. Huntington Bancshares has a 12 month low of $12.14 and a 12 month high of $16.53. The stock has a market cap of $17,110.00, a P/E ratio of 16.08, a price-to-earnings-growth ratio of 1.24 and a beta of 1.35. The company has a current ratio of 0.88, a quick ratio of 0.87 and a debt-to-equity ratio of 0.94.
Huntington Bancshares (NASDAQ:HBAN) last issued its quarterly earnings results on Tuesday, January 23rd. The bank reported $0.26 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.26. Huntington Bancshares had a return on equity of 12.12% and a net margin of 25.02%. The company had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.10 billion. During the same quarter in the prior year, the business earned $0.18 EPS.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Raymond James Trust N.A. boosted its position in shares of Huntington Bancshares by 1.3% in the 2nd quarter. Raymond James Trust N.A. now owns 22,377 shares of the bank’s stock valued at $303,000 after purchasing an additional 289 shares during the period. Investment Centers of America Inc. lifted its position in Huntington Bancshares by 0.9% during the 2nd 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 during the period. National Asset Management Inc. lifted its position in Huntington Bancshares by 5.2% during the 2nd quarter. National Asset Management Inc. now owns 14,630 shares of the bank’s stock worth $198,000 after acquiring an additional 719 shares during the period. Suntrust Banks Inc. lifted its position in Huntington Bancshares by 1.4% during the 2nd quarter. Suntrust Banks Inc. now owns 85,608 shares of the bank’s stock worth $1,157,000 after acquiring an additional 1,142 shares during the period. Finally, Williams Jones & Associates LLC lifted its position in Huntington Bancshares by 0.3% during the 2nd quarter. Williams Jones & Associates LLC now owns 370,792 shares of the bank’s stock worth $5,013,000 after acquiring an additional 1,150 shares during the period. 73.71% of the stock is owned by hedge funds and other institutional investors.
The company also recently announced a quarterly dividend, which will be paid on Monday, April 2nd. Investors of record on Monday, March 19th will be given a $0.11 dividend. The ex-dividend date is Friday, March 16th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 2.74%. Huntington Bancshares’s dividend payout ratio (DPR) is presently 32.00%.
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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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