Huntington Bancshares to Post Q1 2018 Earnings of $0.27 Per Share, B. Riley Forecasts (HBAN)

Huntington Bancshares (NASDAQ:HBAN) – Stock analysts at B. Riley raised their Q1 2018 earnings per share (EPS) estimates for Huntington Bancshares in a research note issued on Thursday, April 12th. B. Riley analyst S. Moss now anticipates that the bank will earn $0.27 per share for the quarter, up from their previous forecast of $0.26. B. Riley also issued estimates for Huntington Bancshares’ Q2 2018 earnings at $0.30 EPS, Q3 2018 earnings at $0.32 EPS, Q4 2018 earnings at $0.31 EPS, Q1 2019 earnings at $0.29 EPS, Q2 2019 earnings at $0.32 EPS, Q3 2019 earnings at $0.34 EPS, Q4 2019 earnings at $0.35 EPS and FY2019 earnings at $1.30 EPS.

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Huntington Bancshares (NASDAQ:HBAN) last issued its quarterly earnings data on Tuesday, January 23rd. The bank reported $0.26 EPS for the quarter, hitting analysts’ consensus estimates of $0.26. Huntington Bancshares had a net margin of 25.02% and a return on equity of 12.12%. The firm 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 firm earned $0.18 EPS.

A number of other brokerages have also commented on HBAN. ValuEngine lowered shares of Huntington Bancshares from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Morgan Stanley increased their price objective on shares of Huntington Bancshares from $16.50 to $17.00 and gave the stock an “equal weight” rating in a report on Friday, January 26th. BidaskClub raised shares of Huntington Bancshares from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, March 7th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $16.75 target price on shares of Huntington Bancshares in a research note on Wednesday, January 24th. Finally, JPMorgan Chase raised their target price on shares of Huntington Bancshares from $16.00 to $17.00 and gave the company a “neutral” rating in a research note on Thursday, January 25th. Nine equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Huntington Bancshares has a consensus rating of “Buy” and a consensus price target of $16.98.

Shares of NASDAQ:HBAN opened at $14.67 on Monday. Huntington Bancshares has a 12 month low of $12.14 and a 12 month high of $16.60. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.87 and a current ratio of 0.88. The stock has a market cap of $16,160.25, a price-to-earnings ratio of 14.97, a P/E/G ratio of 1.02 and a beta of 1.33.

The company also recently declared a quarterly dividend, which was paid on Monday, April 2nd. Investors of record on Monday, March 19th were given a $0.11 dividend. The ex-dividend date of this dividend was Friday, March 16th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 3.00%. Huntington Bancshares’s dividend payout ratio is 44.90%.

Several large investors have recently made changes to their positions in HBAN. Amundi Pioneer Asset Management Inc. acquired a new stake in shares of Huntington Bancshares in the 4th quarter valued at approximately $45,268,000. Deutsche Bank AG raised its position in shares of Huntington Bancshares by 123.8% in the 4th quarter. Deutsche Bank AG now owns 3,140,256 shares of the bank’s stock valued at $45,718,000 after acquiring an additional 1,737,095 shares during the period. Renaissance Technologies LLC raised its position in shares of Huntington Bancshares by 487.2% in the 4th quarter. Renaissance Technologies LLC now owns 2,078,244 shares of the bank’s stock valued at $30,259,000 after acquiring an additional 1,724,300 shares during the period. Teachers Advisors LLC raised its position in shares of Huntington Bancshares by 28.7% in the 4th quarter. Teachers Advisors LLC now owns 7,737,456 shares of the bank’s stock valued at $112,657,000 after acquiring an additional 1,723,377 shares during the period. Finally, Millennium Management LLC raised its position in shares of Huntington Bancshares by 47.7% in the 4th quarter. Millennium Management LLC now owns 4,923,997 shares of the bank’s stock valued at $71,693,000 after acquiring an additional 1,590,283 shares during the period. Institutional investors and hedge funds own 73.92% of the company’s stock.

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Huntington Bancshares Company Profile

Huntington Bancshares Incorporated operates as a holding company for The Huntington National Bank that provides commercial, small business, consumer, and mortgage banking services. The company's Consumer and Business Banking segment offers financial products and services, such as checking accounts, savings accounts, money market accounts, certificates of deposit, consumer loans, and small business loans; and investments, mortgages, insurance, interest rate risk protection, and foreign exchange and treasury management services.

Earnings History and Estimates for Huntington Bancshares (NASDAQ:HBAN)

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