Huntington Bancshares (HBAN) to Release Earnings on Friday

Huntington Bancshares (NASDAQ:HBAN) is set to release its earnings data before the market opens on Friday, April 19th. Analysts expect Huntington Bancshares to post earnings of $0.26 per share for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

Huntington Bancshares (NASDAQ:HBAN) last posted its quarterly earnings data on Friday, January 19th. The bank reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.15. The company had revenue of $2.76 billion for the quarter, compared to analysts’ expectations of $1.75 billion. Huntington Bancshares had a return on equity of 12.96% and a net margin of 18.00%. During the same period in the previous year, the firm posted $0.43 EPS. On average, analysts expect Huntington Bancshares to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Huntington Bancshares Trading Down 1.7 %

Shares of Huntington Bancshares stock opened at $13.04 on Wednesday. The stock has a market cap of $18.91 billion, a P/E ratio of 10.52, a P/E/G ratio of 2.47 and a beta of 1.11. The stock’s 50 day simple moving average is $13.22 and its 200-day simple moving average is $12.09. Huntington Bancshares has a 1-year low of $9.13 and a 1-year high of $14.07. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.87 and a quick ratio of 0.87.

Huntington Bancshares Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Monday, March 18th were issued a dividend of $0.155 per share. This represents a $0.62 annualized dividend and a dividend yield of 4.75%. The ex-dividend date of this dividend was Friday, March 15th. Huntington Bancshares’s dividend payout ratio is currently 50.00%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Jefferies Financial Group upgraded Huntington Bancshares from a “hold” rating to a “buy” rating and boosted their target price for the stock from $14.00 to $16.00 in a report on Monday, April 8th. Keefe, Bruyette & Woods boosted their target price on Huntington Bancshares from $14.00 to $15.00 and gave the stock a “market perform” rating in a report on Friday, April 5th. JPMorgan Chase & Co. lifted their price target on shares of Huntington Bancshares from $15.00 to $16.00 and gave the company a “neutral” rating in a research report on Thursday, April 4th. StockNews.com lowered shares of Huntington Bancshares from a “hold” rating to a “sell” rating in a research report on Friday, December 29th. Finally, Morgan Stanley lifted their price target on shares of Huntington Bancshares from $13.00 to $16.00 and gave the company an “overweight” rating in a research report on Wednesday, February 7th. One analyst has rated the stock with a sell rating, seven have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $14.97.

Insider Buying and Selling at Huntington Bancshares

In other Huntington Bancshares news, insider Helga Houston sold 28,700 shares of the business’s stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $13.17, for a total value of $377,979.00. Following the sale, the insider now owns 568,222 shares of the company’s stock, valued at $7,483,483.74. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, insider Helga Houston sold 28,700 shares of the company’s stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $13.17, for a total transaction of $377,979.00. Following the sale, the insider now owns 568,222 shares of the company’s stock, valued at $7,483,483.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Ann B. Crane sold 58,000 shares of the company’s stock in a transaction on Friday, March 8th. The stock was sold at an average price of $13.54, for a total value of $785,320.00. Following the sale, the director now directly owns 192,247 shares in the company, valued at approximately $2,603,024.38. The disclosure for this sale can be found here. Insiders have sold a total of 102,241 shares of company stock valued at $1,360,359 over the last quarter. 0.92% of the stock is owned by company insiders.

Institutional Trading of Huntington Bancshares

A number of large investors have recently modified their holdings of HBAN. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its stake in shares of Huntington Bancshares by 12.3% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 5,573,633 shares of the bank’s stock worth $70,897,000 after purchasing an additional 611,580 shares in the last quarter. DRW Securities LLC acquired a new position in shares of Huntington Bancshares during the fourth quarter worth $200,000. Harbour Investments Inc. grew its stake in shares of Huntington Bancshares by 6.9% during the fourth quarter. Harbour Investments Inc. now owns 24,601 shares of the bank’s stock worth $313,000 after purchasing an additional 1,582 shares in the last quarter. O Dell Group LLC acquired a new position in shares of Huntington Bancshares during the fourth quarter worth $110,000. Finally, Public Employees Retirement System of Ohio grew its stake in shares of Huntington Bancshares by 2.8% during the fourth quarter. Public Employees Retirement System of Ohio now owns 603,008 shares of the bank’s stock worth $7,670,000 after purchasing an additional 16,606 shares in the last quarter. Hedge funds and other institutional investors own 80.72% of the company’s stock.

Huntington Bancshares Company Profile

Huntington Bancshares Incorporated operates as the bank holding company for The Huntington National Bank that provides commercial, consumer, and mortgage banking services in the United States. The company offers financial products and services to consumer and business customers, including deposits, lending, payments, mortgage banking, dealer financing, investment management, trust, brokerage, insurance, and other financial products and services.