DA Davidson Has Positive Outlook of HBAN FY2025 Earnings

Huntington Bancshares Incorporated (NASDAQ:HBAN) – Research analysts at DA Davidson upped their FY2025 earnings per share estimates for Huntington Bancshares in a report released on Friday, June 27th. DA Davidson analyst P. Winter now anticipates that the bank will earn $1.46 per share for the year, up from their previous forecast of $1.44. The consensus estimate for Huntington Bancshares’ current full-year earnings is $1.39 per share. DA Davidson also issued estimates for Huntington Bancshares’ FY2026 earnings at $1.63 EPS.

Other equities analysts have also issued reports about the company. Keefe, Bruyette & Woods lowered their target price on Huntington Bancshares from $18.00 to $17.00 and set a “market perform” rating for the company in a report on Monday, April 21st. Stephens reaffirmed an “equal weight” rating and set a $16.50 target price on shares of Huntington Bancshares in a report on Monday, April 21st. Cowen initiated coverage on Huntington Bancshares in a report on Wednesday, May 14th. They set a “buy” rating for the company. Jefferies Financial Group initiated coverage on Huntington Bancshares in a report on Wednesday, May 21st. They set a “buy” rating and a $20.00 target price for the company. Finally, TD Cowen initiated coverage on Huntington Bancshares in a report on Thursday, May 15th. They set a “buy” rating and a $20.00 target price for the company. Two analysts have rated the stock with a sell rating, three have assigned a hold rating, sixteen have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $18.08.

Huntington Bancshares Stock Down 0.2%

NASDAQ:HBAN opened at $16.60 on Monday. The firm has a market capitalization of $24.25 billion, a PE ratio of 12.67, a price-to-earnings-growth ratio of 1.27 and a beta of 0.92. The stock has a 50 day moving average of $15.51 and a 200-day moving average of $15.64. Huntington Bancshares has a 52 week low of $11.92 and a 52 week high of $18.45. The company has a current ratio of 0.90, a quick ratio of 0.89 and a debt-to-equity ratio of 0.98.

Huntington Bancshares (NASDAQ:HBAN) last posted its earnings results on Thursday, April 17th. The bank reported $0.34 EPS for the quarter, beating the consensus estimate of $0.31 by $0.03. The company had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.89 billion. Huntington Bancshares had a return on equity of 11.44% and a net margin of 16.94%. During the same period in the prior year, the company earned $0.27 earnings per share.

Huntington Bancshares Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Tuesday, June 17th will be paid a dividend of $0.155 per share. This represents a $0.62 dividend on an annualized basis and a yield of 3.73%. The ex-dividend date of this dividend is Tuesday, June 17th. Huntington Bancshares’s payout ratio is currently 47.33%.

Huntington Bancshares announced that its Board of Directors has initiated a share repurchase program on Thursday, April 17th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the bank to repurchase up to 5% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling at Huntington Bancshares

In other Huntington Bancshares news, EVP Marcy C. Hingst sold 13,700 shares of the stock in a transaction on Friday, June 13th. The stock was sold at an average price of $15.79, for a total transaction of $216,323.00. Following the completion of the transaction, the executive vice president now directly owns 337,879 shares of the company’s stock, valued at approximately $5,335,109.41. This trade represents a 3.90% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Kendall A. Kowalski sold 25,419 shares of the stock in a transaction on Tuesday, April 22nd. The shares were sold at an average price of $13.68, for a total value of $347,731.92. Following the sale, the insider now owns 70,281 shares of the company’s stock, valued at $961,444.08. This trade represents a 26.56% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 214,375 shares of company stock valued at $3,049,277. 0.89% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Huntington Bancshares

Hedge funds have recently modified their holdings of the stock. Foundations Investment Advisors LLC raised its position in shares of Huntington Bancshares by 2.4% during the first quarter. Foundations Investment Advisors LLC now owns 29,023 shares of the bank’s stock worth $436,000 after purchasing an additional 691 shares during the period. Carlson Capital Management raised its position in shares of Huntington Bancshares by 0.4% during the fourth quarter. Carlson Capital Management now owns 163,575 shares of the bank’s stock worth $2,661,000 after purchasing an additional 692 shares during the period. Farther Finance Advisors LLC raised its position in shares of Huntington Bancshares by 6.0% during the fourth quarter. Farther Finance Advisors LLC now owns 12,317 shares of the bank’s stock worth $200,000 after purchasing an additional 699 shares during the period. Winch Advisory Services LLC raised its position in shares of Huntington Bancshares by 18.3% during the first quarter. Winch Advisory Services LLC now owns 4,579 shares of the bank’s stock worth $69,000 after purchasing an additional 709 shares during the period. Finally, CreativeOne Wealth LLC raised its position in shares of Huntington Bancshares by 4.0% during the fourth quarter. CreativeOne Wealth LLC now owns 20,019 shares of the bank’s stock worth $326,000 after purchasing an additional 762 shares during the period. 80.72% of the stock is currently owned by institutional investors and hedge funds.

About Huntington Bancshares

Huntington Bancshares Incorporated operates as the bank holding company for The Huntington National Bank that provides commercial, consumer, and mortgage banking services in the United States. The company offers financial products and services to consumer and business customers, including deposits, lending, payments, mortgage banking, dealer financing, investment management, trust, brokerage, insurance, and other financial products and services.