Huntington Bancshares Incorporated (NASDAQ:HBAN) – Analysts at Wedbush upped their Q4 2017 EPS estimates for shares of Huntington Bancshares in a research note issued to investors on Thursday. Wedbush analyst P. Winter now anticipates that the bank will post earnings per share of $0.26 for the quarter, up from their prior forecast of $0.25. Wedbush also issued estimates for Huntington Bancshares’ FY2018 earnings at $1.22 EPS and FY2019 earnings at $1.31 EPS.
Huntington Bancshares (NASDAQ:HBAN) last released its earnings results on Wednesday, October 25th. The bank reported $0.23 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.02). Huntington Bancshares had a return on equity of 11.96% and a net margin of 20.76%. The company had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.10 billion. During the same period last year, the firm posted $0.11 EPS.
Huntington Bancshares (NASDAQ:HBAN) opened at $14.85 on Friday. Huntington Bancshares has a 1-year low of $12.14 and a 1-year high of $14.93. 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 company has a market cap of $15,911.53, a price-to-earnings ratio of 18.33, a PEG ratio of 1.52 and a beta of 1.34.
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 an increase from Huntington Bancshares’s previous quarterly dividend of $0.08. The ex-dividend date was Friday, December 15th. This represents a $0.44 dividend on an annualized basis and a yield of 2.96%. Huntington Bancshares’s dividend payout ratio is presently 39.51%.
In other news, insider Helga Houston sold 14,513 shares of the stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $13.77, for a total value of $199,844.01. Following the sale, the insider now owns 499,824 shares of the company’s stock, valued at $6,882,576.48. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Daniel J. Neumeyer sold 43,491 shares of the stock in a transaction 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 completion of the sale, the executive vice president now directly owns 427,270 shares in the company, valued at approximately $5,930,507.60. The disclosure for this sale can be found here. 1.30% of the stock is owned by corporate insiders.
Institutional investors and hedge funds have recently made changes to their positions in the company. Parametric Portfolio Associates LLC grew its holdings in shares of Huntington Bancshares by 1.2% in the third quarter. Parametric Portfolio Associates LLC now owns 2,883,251 shares of the bank’s stock worth $40,250,000 after purchasing an additional 35,170 shares during the last quarter. Steward Partners Investment Advisory LLC bought a new position in shares of Huntington Bancshares in the third quarter worth about $411,000. GSA Capital Partners LLP bought a new position in shares of Huntington Bancshares in the third quarter worth about $810,000. Belpointe Asset Management LLC bought a new position in shares of Huntington Bancshares in the third quarter worth about $539,000. Finally, Opus Investment Management Inc. bought a new position in shares of Huntington Bancshares in the third quarter worth about $1,543,000. 73.53% of the stock is currently owned by institutional investors and hedge funds.
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About Huntington Bancshares
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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