$0.26 EPS Expected for Huntington Bancshares Incorporated (HBAN) This Quarter
Equities analysts expect Huntington Bancshares Incorporated (NASDAQ:HBAN) to announce $0.26 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Seven analysts have provided estimates for Huntington Bancshares’ earnings, with the highest EPS estimate coming in at $0.27 and the lowest estimate coming in at $0.25. Huntington Bancshares posted earnings of $0.24 per share during the same quarter last year, which indicates a positive year over year growth rate of 8.3%. The business is expected to announce its next earnings report before the market opens on Tuesday, January 23rd.
According to Zacks, analysts expect that Huntington Bancshares will report full-year earnings of $0.89 per share for the current year, with EPS estimates ranging from $0.88 to $0.90. For the next year, analysts anticipate that the business will report earnings of $1.17 per share, with EPS estimates ranging from $1.04 to $1.27. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Huntington Bancshares.
Huntington Bancshares (NASDAQ:HBAN) last announced its earnings results on Wednesday, October 25th. The bank reported $0.23 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.25 by ($0.02). The firm had revenue of $1.09 billion for 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 period in the previous year, the firm earned $0.11 EPS.
In other Huntington Bancshares news, EVP Daniel J. Neumeyer sold 43,491 shares of the business’s 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 sale, the executive vice president now directly owns 427,270 shares of the company’s stock, valued at approximately $5,930,507.60. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Helga Houston sold 14,513 shares of the business’s stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $13.77, for a total transaction of $199,844.01. Following the sale, the insider now directly owns 499,824 shares in the company, valued at $6,882,576.48. The disclosure for this sale can be found here. 1.30% of the stock is owned by insiders.
Large investors have recently made changes to their positions in the business. Sun Life Financial INC raised its stake in Huntington Bancshares by 99,812.5% during the 2nd quarter. Sun Life Financial INC now owns 7,993 shares of the bank’s stock valued at $108,000 after purchasing an additional 7,985 shares during the period. Verition Fund Management LLC acquired a new stake in Huntington Bancshares during the 2nd quarter valued at $139,000. Alpha Cubed Investments LLC acquired a new stake in Huntington Bancshares during the 3rd quarter valued at $151,000. ClariVest Asset Management LLC grew its holdings in shares of Huntington Bancshares by 53.4% during the 3rd quarter. ClariVest Asset Management LLC now owns 11,200 shares of the bank’s stock valued at $156,000 after acquiring an additional 3,900 shares in the last quarter. Finally, D.A. Davidson & CO. grew its holdings in shares of Huntington Bancshares by 171.7% during the 2nd quarter. D.A. Davidson & CO. now owns 13,800 shares of the bank’s stock valued at $186,000 after acquiring an additional 8,720 shares in the last quarter. 73.70% of the stock is currently owned by institutional investors.
Huntington Bancshares (HBAN) opened at $15.68 on Wednesday. The stock has a market capitalization of $16,950.00, a price-to-earnings ratio of 18.89, a price-to-earnings-growth ratio of 1.24 and a beta of 1.33. Huntington Bancshares has a twelve month low of $12.14 and a twelve month high of $16.00. 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 also recently announced a quarterly dividend, which was paid on Tuesday, January 2nd. Shareholders 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. This represents a $0.44 annualized dividend and a yield of 2.81%. The ex-dividend date was Friday, December 15th. Huntington Bancshares’s payout ratio is 38.55%.
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Huntington Bancshares Company Profile
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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