Huntington Bancshares Incorporated (HBAN) Expected to Announce Earnings of $0.33 Per Share

Equities analysts forecast that Huntington Bancshares Incorporated (NASDAQ:HBAN) will report $0.33 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Seven analysts have issued estimates for Huntington Bancshares’ earnings, with estimates ranging from $0.31 to $0.34. Huntington Bancshares posted earnings per share of $0.28 during the same quarter last year, which would indicate a positive year over year growth rate of 17.9%. The firm is expected to issue its next earnings results on Tuesday, April 23rd.

According to Zacks, analysts expect that Huntington Bancshares will report full year earnings of $1.34 per share for the current financial year, with EPS estimates ranging from $1.32 to $1.38. For the next fiscal year, analysts anticipate that the business will post earnings of $1.44 per share, with EPS estimates ranging from $1.39 to $1.49. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research firms that cover Huntington Bancshares.

Huntington Bancshares (NASDAQ:HBAN) last announced its quarterly earnings data on Thursday, January 24th. The bank reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.02). The firm had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.16 billion. Huntington Bancshares had a net margin of 26.43% and a return on equity of 13.93%. During the same period last year, the business earned $0.26 earnings per share.

HBAN has been the topic of a number of recent analyst reports. Raymond James decreased their price objective on shares of Huntington Bancshares from $17.00 to $16.00 and set a “buy” rating on the stock in a research note on Wednesday, October 24th. Vining Sparks reissued a “buy” rating and issued a $18.00 price objective on shares of Huntington Bancshares in a research note on Thursday, January 24th. ValuEngine raised shares of Huntington Bancshares from a “sell” rating to a “hold” rating in a research note on Monday, November 12th. Sandler O’Neill cut shares of Huntington Bancshares from a “buy” rating to a “hold” rating and set a $16.00 price objective on the stock. in a research note on Thursday, November 29th. They noted that the move was a valuation call. Finally, Jefferies Financial Group cut shares of Huntington Bancshares from a “buy” rating to a “hold” rating and set a $14.00 price objective on the stock. in a research note on Monday, January 28th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $16.54.

NASDAQ:HBAN traded up $0.11 during mid-day trading on Tuesday, reaching $14.12. The stock had a trading volume of 7,375,778 shares, compared to its average volume of 11,304,915. The stock has a market capitalization of $14.87 billion, a price-to-earnings ratio of 11.77, a price-to-earnings-growth ratio of 1.15 and a beta of 1.35. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.87 and a quick ratio of 0.86. Huntington Bancshares has a 12 month low of $11.12 and a 12 month high of $16.60.

The business also recently announced a quarterly dividend, which will be paid on Monday, April 1st. Shareholders of record on Monday, March 18th will be paid a dividend of $0.14 per share. The ex-dividend date is Friday, March 15th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 3.97%. Huntington Bancshares’s payout ratio is presently 46.67%.

In other news, EVP Mark E. Thompson sold 18,510 shares of Huntington Bancshares stock in a transaction on Monday, January 28th. The shares were sold at an average price of $13.49, for a total transaction of $249,699.90. Following the transaction, the executive vice president now owns 667,175 shares in the company, valued at $9,000,190.75. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Daniel J. Neumeyer sold 60,000 shares of Huntington Bancshares stock in a transaction on Monday, February 11th. The stock was sold at an average price of $13.71, for a total transaction of $822,600.00. Following the transaction, the executive vice president now owns 356,615 shares in the company, valued at approximately $4,889,191.65. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 83,330 shares of company stock worth $1,142,335. Insiders own 1.05% of the company’s stock.

Several large investors have recently modified their holdings of HBAN. Boston Partners lifted its holdings in shares of Huntington Bancshares by 54.3% during the fourth quarter. Boston Partners now owns 49,450,631 shares of the bank’s stock worth $589,451,000 after purchasing an additional 17,411,546 shares during the period. Bessemer Group Inc. lifted its holdings in shares of Huntington Bancshares by 71,683.5% during the fourth quarter. Bessemer Group Inc. now owns 4,963,826 shares of the bank’s stock worth $59,169,000 after purchasing an additional 4,956,911 shares during the period. BlackRock Inc. lifted its holdings in shares of Huntington Bancshares by 6.3% during the fourth quarter. BlackRock Inc. now owns 73,785,659 shares of the bank’s stock worth $879,523,000 after purchasing an additional 4,341,210 shares during the period. APG Asset Management N.V. lifted its holdings in shares of Huntington Bancshares by 5,477.5% during the fourth quarter. APG Asset Management N.V. now owns 2,454,100 shares of the bank’s stock worth $25,590,000 after purchasing an additional 2,410,100 shares during the period. Finally, Conning Inc. lifted its holdings in shares of Huntington Bancshares by 6,415.4% during the third quarter. Conning Inc. now owns 2,265,666 shares of the bank’s stock worth $33,804,000 after purchasing an additional 2,230,892 shares during the period. Institutional investors own 76.20% of the company’s stock.

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 operates through four business segments: Consumer and Business Banking, Commercial Banking, Vehicle Finance, and Regional Banking and The Huntington Private Client Group (RBHPCG).

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

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