Equities analysts expect Huntington Bancshares Incorporated (NASDAQ:HBAN) to announce sales of $1.10 billion for the current fiscal quarter, Zacks reports. Six analysts have provided estimates for Huntington Bancshares’ earnings. The highest sales estimate is $1.11 billion and the lowest is $1.08 billion. Huntington Bancshares reported sales of $1.04 billion during the same quarter last year, which indicates a positive year over year growth rate of 5.8%. The company is scheduled to announce its next quarterly earnings results on Wednesday, April 18th.
According to Zacks, analysts expect that Huntington Bancshares will report full year sales of $1.10 billion for the current fiscal year, with estimates ranging from $4.57 billion to $4.61 billion. For the next financial year, analysts forecast that the business will post sales of $4.78 billion per share, with estimates ranging from $4.61 billion to $4.88 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that follow Huntington Bancshares.
Huntington Bancshares (NASDAQ:HBAN) last posted its earnings results on Tuesday, January 23rd. The bank reported $0.26 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.26. Huntington Bancshares had a net margin of 25.02% and a return on equity of 12.12%. The company had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same quarter in the prior year, the business posted $0.18 EPS.
HBAN has been the topic of a number of analyst reports. Morgan Stanley upped their target price 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. BidaskClub upgraded shares of Huntington Bancshares from a “hold” rating to a “buy” rating in a research note on Friday, December 22nd. Robert W. Baird reiterated a “hold” rating and issued a $16.00 price objective on shares of Huntington Bancshares in a research note on Wednesday, January 3rd. Nomura increased their price objective on shares of Huntington Bancshares from $16.00 to $17.00 and gave the company a “buy” rating in a research note on Thursday, October 26th. Finally, Piper Jaffray Companies reiterated a “buy” rating and issued a $17.00 price objective on shares of Huntington Bancshares in a research note on Tuesday, January 9th. Ten analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $16.75.
Institutional investors have recently added to or reduced their stakes in the company. SWS Partners bought a new position in shares of Huntington Bancshares during the 4th quarter valued at approximately $126,000. Kovack Advisors Inc. bought a new position in shares of Huntington Bancshares during the 4th quarter valued at approximately $147,000. Verition Fund Management LLC bought a new position in shares of Huntington Bancshares during the 2nd quarter valued at approximately $139,000. Alpha Cubed Investments LLC bought a new position in shares of Huntington Bancshares during the 3rd quarter valued at approximately $151,000. Finally, Mariner Wealth Advisors LLC bought a new position in shares of Huntington Bancshares during the 4th quarter valued at approximately $158,000. 74.09% of the stock is owned by hedge funds and other institutional investors.
Shares of Huntington Bancshares (NASDAQ HBAN) opened at $15.90 on Wednesday. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.88 and a quick ratio of 0.87. Huntington Bancshares has a fifty-two week low of $12.14 and a fifty-two week high of $16.53. The firm has a market cap of $17,170.00, a PE ratio of 18.28, a P/E/G ratio of 1.20 and a beta of 1.35.
The business also recently announced 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 dividend on an annualized basis and a dividend yield of 2.77%. The ex-dividend date of this dividend is Friday, March 16th. Huntington Bancshares’s dividend payout ratio is currently 27.59%.
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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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