Huntington Bancshares Incorporated (NASDAQ:HBAN) – Research analysts at B. Riley lifted their FY2017 earnings per share estimates for Huntington Bancshares in a report issued on Thursday. B. Riley analyst S. Moss now expects that the bank will earn $0.99 per share for the year, up from their prior forecast of $0.98. B. Riley also issued estimates for Huntington Bancshares’ Q4 2017 earnings at $0.26 EPS, Q1 2018 earnings at $0.26 EPS, Q2 2018 earnings at $0.28 EPS, Q3 2018 earnings at $0.29 EPS, Q4 2018 earnings at $0.30 EPS, FY2018 earnings at $1.13 EPS, Q1 2019 earnings at $0.28 EPS, Q2 2019 earnings at $0.30 EPS, Q3 2019 earnings at $0.31 EPS, Q4 2019 earnings at $0.31 EPS and FY2019 earnings at $1.20 EPS.
Huntington Bancshares (NASDAQ:HBAN) last issued its quarterly earnings data on Wednesday, October 25th. The bank reported $0.23 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.25 by ($0.02). Huntington Bancshares had a return on equity of 10.68% and a net margin of 25.22%. The firm had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.10 billion. During the same period in the previous year, the company posted $0.11 earnings per share.
A number of other research analysts also recently weighed in on HBAN. FBR & Co reissued a “hold” rating and set a $14.00 target price on shares of Huntington Bancshares in a research report on Thursday, October 26th. BidaskClub raised shares of Huntington Bancshares from a “hold” rating to a “buy” rating in a research report on Friday, December 22nd. Piper Jaffray Companies reissued a “buy” rating and set a $17.00 target price on shares of Huntington Bancshares in a research report on Tuesday. Nomura increased their target price on shares of Huntington Bancshares from $16.00 to $17.00 and gave the company a “buy” rating in a research report on Thursday, October 26th. Finally, BMO Capital Markets downgraded shares of Huntington Bancshares from an “outperform” rating to a “market perform” rating and set a $16.00 target price for the company. in a research report on Thursday, October 26th. Six investment analysts have rated the stock with a hold rating, twelve have issued 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 price target of $16.31.
Shares of Huntington Bancshares (HBAN) opened at $15.85 on Friday. Huntington Bancshares has a 52-week low of $12.14 and a 52-week high of $15.85. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.88 and a quick ratio of 0.87. The stock has a market cap of $17,130.00, a PE ratio of 19.10, a price-to-earnings-growth ratio of 1.52 and a beta of 1.33.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 2nd. Investors of record on Monday, December 18th were paid a dividend of $0.11 per share. This is a boost from Huntington Bancshares’s previous quarterly dividend of $0.08. This represents a $0.44 dividend on an annualized basis and a dividend yield of 2.78%. The ex-dividend date of this dividend was Friday, December 15th. Huntington Bancshares’s dividend payout ratio is presently 38.55%.
In related news, insider Helga Houston sold 14,513 shares of the company’s stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $13.77, for a total transaction of $199,844.01. Following 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 filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Daniel J. Neumeyer sold 43,491 shares of the company’s stock in a transaction that occurred on Tuesday, October 31st. The shares were sold at an average price of $13.88, for a total transaction of $603,655.08. Following the sale, the executive vice president now owns 427,270 shares in the company, valued at $5,930,507.60. The disclosure for this sale can be found here. Corporate insiders own 1.30% of the company’s stock.
Several hedge funds have recently made changes to their positions in HBAN. Sun Life Financial INC lifted its stake in Huntington Bancshares by 99,812.5% in the 2nd quarter. Sun Life Financial INC now owns 7,993 shares of the bank’s stock worth $108,000 after purchasing an additional 7,985 shares in the last quarter. Verition Fund Management LLC purchased a new stake in Huntington Bancshares in the 2nd quarter worth approximately $139,000. Alpha Cubed Investments LLC purchased a new stake in Huntington Bancshares in the 3rd quarter worth approximately $151,000. ClariVest Asset Management LLC lifted its stake in Huntington Bancshares by 53.4% in the 3rd quarter. ClariVest Asset Management LLC now owns 11,200 shares of the bank’s stock worth $156,000 after purchasing an additional 3,900 shares in the last quarter. Finally, D.A. Davidson & CO. lifted its stake in Huntington Bancshares by 171.7% in the 2nd quarter. D.A. Davidson & CO. now owns 13,800 shares of the bank’s stock worth $186,000 after purchasing an additional 8,720 shares in the last quarter. Institutional investors own 73.53% 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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