Huntington Bancshares (HBAN) Releases Quarterly Earnings, Beats Estimates By $0.01 EPS
Huntington Bancshares (NASDAQ:HBAN) released its earnings data on Friday. The company reported $0.19 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.18 by $0.01, AR Network reports. The company had revenue of $716.80 million for the quarter, compared to the consensus estimate of $693.00 million. During the same quarter last year, the company posted $0.17 earnings per share.
Shares of Huntington Bancshares (NASDAQ:HBAN) opened at 9.30 on Friday. Huntington Bancshares has a 52 week low of $8.04 and a 52 week high of $10.29. The stock has a 50-day moving average of $9.53 and a 200-day moving average of $9.46. The company has a market cap of $7.698 billion and a P/E ratio of 13.38.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, October 1st. Shareholders of record on Wednesday, September 17th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 2.15%.
A number of research firms have recently commented on HBAN. Analysts at Raymond James raised their price target on shares of Huntington Bancshares from $10.50 to $11.00 in a research note on Wednesday, July 9th. On a related note, analysts at Goldman Sachs raised their price target on shares of Huntington Bancshares from $10.00 to $10.25 in a research note on Monday, June 30th. Finally, analysts at Keefe, Bruyette & Woods raised their price target on shares of Huntington Bancshares from $9.00 to $10.00 in a research note on Monday, June 9th. Twelve research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Huntington Bancshares currently has a consensus rating of “Hold” and an average price target of $9.88.
Huntington Bancshares Incorporated (NASDAQ:HBAN) is a multi-state diversified regional bank holding company.
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