Huntington Bancshares (HBAN) Issues Quarterly Earnings Results, Meets Estimates

Huntington Bancshares (NASDAQ:HBAN) issued its quarterly earnings results on Tuesday. The bank reported $0.26 EPS for the quarter, meeting the consensus estimate of $0.26, Bloomberg Earnings reports. Huntington Bancshares had a net margin of 20.76% and a return on equity of 11.96%. During the same quarter in the prior year, the business posted $0.18 EPS.

Huntington Bancshares (NASDAQ HBAN) traded up $0.22 during midday trading on Tuesday, hitting $16.03. 10,999,700 shares of the stock were exchanged, compared to its average volume of 10,444,379. The company has a current ratio of 0.88, a quick ratio of 0.87 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 $16.05. The company has a market capitalization of $17,340.00, a P/E ratio of 19.31, a PEG ratio of 1.24 and a beta of 1.33.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 2nd. Stockholders of record on Monday, March 19th will be paid a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 2.74%. Huntington Bancshares’s dividend payout ratio is presently 38.55%.

A number of equities analysts have commented on the stock. Keefe, Bruyette & Woods restated a “hold” rating and issued a $14.25 target price on shares of Huntington Bancshares in a research note on Friday, October 13th. Piper Jaffray Companies restated a “buy” rating and issued a $15.50 target price on shares of Huntington Bancshares in a research note on Tuesday, October 17th. BMO Capital Markets downgraded shares of Huntington Bancshares from an “outperform” rating to a “market perform” rating and set a $16.00 target price on the stock. in a research note on Thursday, October 26th. Nomura upped their target price on shares of Huntington Bancshares from $16.00 to $17.00 and gave the stock a “buy” rating in a research note on Thursday, October 26th. Finally, FBR & Co restated a “hold” rating and issued a $14.00 target price on shares of Huntington Bancshares in a research note on Thursday, October 26th. Seven research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $16.31.

In related news, EVP Daniel J. Neumeyer sold 43,491 shares of the stock in a transaction that occurred 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 owns 427,270 shares of the company’s stock, valued at $5,930,507.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Helga Houston sold 14,513 shares of the stock in a transaction that occurred 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 of the company’s stock, valued at approximately $6,882,576.48. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by company insiders.

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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.

Earnings History for Huntington Bancshares (NASDAQ:HBAN)

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