Huntington Bancshares Incorporated (NASDAQ:HBAN) – Equities research analysts at Wedbush increased their FY2017 earnings per share (EPS) estimates for shares of Huntington Bancshares in a research note issued on Wednesday. Wedbush analyst P. Winter now anticipates that the bank will post earnings per share of $0.97 for the year, up from their previous estimate of $0.96. Wedbush also issued estimates for Huntington Bancshares’ Q4 2017 earnings at $0.25 EPS and FY2018 earnings at $1.02 EPS.
Huntington Bancshares (NASDAQ:HBAN) last announced 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 business had revenue of $1.09 billion for the quarter, compared to analyst estimates 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 company earned $0.11 earnings per share.
Several other brokerages have also recently commented on HBAN. Piper Jaffray Companies reiterated a “buy” rating and set a $15.50 price target on shares of Huntington Bancshares in a research report on Tuesday, October 17th. FBR & Co reiterated a “hold” rating and set a $14.00 price target on shares of Huntington Bancshares in a research report on Thursday, October 26th. Nomura boosted their price target on Huntington Bancshares from $16.00 to $17.00 and gave the stock a “buy” rating in a research report on Thursday, October 26th. BMO Capital Markets cut Huntington Bancshares from an “outperform” rating to a “market perform” rating and set a $16.00 price target for the company. in a research report on Thursday, October 26th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $14.25 price target on shares of Huntington Bancshares in a research report on Friday, October 13th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $15.34.
Shares of Huntington Bancshares (HBAN) opened at $14.85 on Friday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.87 and a current ratio of 0.88. Huntington Bancshares has a 12-month low of $12.14 and a 12-month high of $14.93. The company has a market capitalization of $15,695.34, a P/E ratio of 15.13, a P/E/G ratio of 1.66 and a beta of 1.33.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Monday, December 18th will be issued a $0.11 dividend. This is a boost from Huntington Bancshares’s previous quarterly dividend of $0.08. This represents a $0.44 annualized dividend and a yield of 2.96%. The ex-dividend date of this dividend is Friday, December 15th. Huntington Bancshares’s dividend payout ratio is presently 39.51%.
In other Huntington Bancshares news, insider Helga Houston sold 14,513 shares of the company’s stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $13.77, for a total value of $199,844.01. Following the completion of the sale, the insider now directly owns 499,824 shares in the company, valued at approximately $6,882,576.48. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Daniel J. Neumeyer sold 43,491 shares of the company’s stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $13.88, for a total value of $603,655.08. Following the completion of the sale, the executive vice president now owns 427,270 shares of the company’s stock, valued at $5,930,507.60. The disclosure for this sale can be found here. 1.30% of the stock is owned by corporate insiders.
A number of large investors have recently modified their holdings of the business. Lincoln National Corp grew its holdings in shares of Huntington Bancshares by 0.6% during the 2nd quarter. Lincoln National Corp now owns 14,350 shares of the bank’s stock worth $194,000 after purchasing an additional 84 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in shares of Huntington Bancshares by 0.3% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 80,766 shares of the bank’s stock worth $1,092,000 after purchasing an additional 216 shares during the period. Raymond James Trust N.A. grew its holdings in shares of Huntington Bancshares by 1.3% during the 2nd quarter. Raymond James Trust N.A. now owns 22,377 shares of the bank’s stock worth $303,000 after purchasing an additional 289 shares during the period. GHP Investment Advisors Inc. grew its holdings in shares of Huntington Bancshares by 0.3% during the 2nd quarter. GHP Investment Advisors Inc. now owns 149,042 shares of the bank’s stock worth $2,015,000 after purchasing an additional 451 shares during the period. Finally, MAI Capital Management grew its holdings in shares of Huntington Bancshares by 1.5% during the 2nd quarter. MAI Capital Management now owns 34,493 shares of the bank’s stock worth $466,000 after purchasing an additional 515 shares during the period. Institutional investors own 73.77% of the company’s stock.
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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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