Huntington Bancshares (HBAN) Scheduled to Post Earnings on Tuesday
Huntington Bancshares (NASDAQ:HBAN) is scheduled to be posting its quarterly earnings results before the market opens on Tuesday, January 23rd. Analysts expect Huntington Bancshares to post earnings of $0.26 per share for the quarter.
Huntington Bancshares (NASDAQ:HBAN) last issued its earnings results on Wednesday, October 25th. The bank reported $0.23 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.25 by ($0.02). The business had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.10 billion. Huntington Bancshares had a return on equity of 11.96% and a net margin of 20.76%. During the same quarter in the previous year, the firm posted $0.11 earnings per share. On average, analysts expect Huntington Bancshares to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Shares of Huntington Bancshares (NASDAQ HBAN) opened at $15.85 on Tuesday. The firm has a market capitalization of $17,130.00, a P/E ratio of 19.10, a price-to-earnings-growth ratio of 1.24 and a beta of 1.33. The company has a quick ratio of 0.87, a current ratio of 0.88 and a debt-to-equity ratio of 0.96. Huntington Bancshares has a 1-year low of $12.14 and a 1-year high of $15.85.
In related news, EVP Daniel J. Neumeyer sold 43,491 shares of Huntington Bancshares stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $13.88, for a total transaction of $603,655.08. Following the transaction, the executive vice president now owns 427,270 shares of the company’s stock, valued at $5,930,507.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Helga Houston sold 14,513 shares of Huntington Bancshares stock in a transaction that occurred 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 transaction, the insider now directly owns 499,824 shares in the company, valued at approximately $6,882,576.48. The disclosure for this sale can be found here. 1.30% of the stock is owned by insiders.
A number of equities research analysts have weighed in on the company. BidaskClub upgraded Huntington Bancshares from a “hold” rating to a “buy” rating in a report on Wednesday, January 10th. Vining Sparks reiterated a “buy” rating and issued a $19.00 target price on shares of Huntington Bancshares in a report on Monday, January 8th. Piper Jaffray Companies reiterated a “buy” rating and issued a $17.00 target price on shares of Huntington Bancshares in a report on Tuesday, January 9th. Zacks Investment Research upgraded Huntington Bancshares from a “hold” rating to a “strong-buy” rating and set a $17.00 target price for the company in a report on Tuesday, January 9th. Finally, Morgan Stanley lifted their target price on Huntington Bancshares from $14.50 to $16.50 and gave the stock an “equal weight” rating in a report on Wednesday, December 13th. Six analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $16.31.
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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