Huntington Bancshares (HBAN) Scheduled to Post Earnings on Friday

Huntington Bancshares (NASDAQ:HBAN) is scheduled to be posting its quarterly earnings results before the market opens on Friday, April 19th. Analysts expect Huntington Bancshares to post earnings of $0.26 per share for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

Huntington Bancshares (NASDAQ:HBAN) last released its quarterly earnings data on Friday, January 19th. The bank reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.15. Huntington Bancshares had a net margin of 18.00% and a return on equity of 12.96%. The firm had revenue of $2.76 billion for the quarter, compared to analysts’ expectations of $1.75 billion. During the same quarter last year, the business posted $0.43 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.

Huntington Bancshares Trading Down 0.7 %

Shares of HBAN opened at $13.49 on Friday. The company’s fifty day moving average is $13.17 and its 200 day moving average is $12.01. Huntington Bancshares has a fifty-two week low of $9.13 and a fifty-two week high of $14.07. The stock has a market capitalization of $19.56 billion, a PE ratio of 10.88 and a beta of 1.11. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.87 and a current ratio of 0.87.

Huntington Bancshares Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Monday, March 18th were given a $0.155 dividend. This represents a $0.62 annualized dividend and a yield of 4.60%. The ex-dividend date was Friday, March 15th. Huntington Bancshares’s dividend payout ratio is presently 50.00%.

Wall Street Analyst Weigh In

HBAN has been the topic of several research reports. Barclays upgraded shares of Huntington Bancshares from an “underweight” rating to an “equal weight” rating and boosted their price target for the stock from $12.00 to $15.00 in a research report on Tuesday, January 2nd. JPMorgan Chase & Co. lifted their price objective on shares of Huntington Bancshares from $15.00 to $16.00 and gave the stock a “neutral” rating in a research note on Thursday, April 4th. StockNews.com lowered shares of Huntington Bancshares from a “hold” rating to a “sell” rating in a research note on Friday, December 29th. Jefferies Financial Group raised shares of Huntington Bancshares from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $14.00 to $16.00 in a research note on Monday. Finally, Raymond James lifted their price objective on shares of Huntington Bancshares from $13.00 to $15.00 and gave the stock a “strong-buy” rating in a research note on Tuesday, December 26th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $14.97.

Insiders Place Their Bets

In other Huntington Bancshares news, VP Julie C. Tutkovics sold 15,541 shares of the business’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $12.68, for a total value of $197,059.88. Following the completion of the transaction, the vice president now directly owns 303,455 shares in the company, valued at $3,847,809.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Ann B. Crane sold 58,000 shares of the company’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $13.54, for a total transaction of $785,320.00. Following the transaction, the director now owns 192,247 shares in the company, valued at $2,603,024.38. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Julie C. Tutkovics sold 15,541 shares of the company’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $12.68, for a total transaction of $197,059.88. Following the transaction, the vice president now owns 303,455 shares in the company, valued at approximately $3,847,809.40. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 102,241 shares of company stock worth $1,360,359. 0.92% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Huntington Bancshares

Several hedge funds have recently modified their holdings of HBAN. Meiji Yasuda Asset Management Co Ltd. boosted its position in Huntington Bancshares by 1.6% in the third quarter. Meiji Yasuda Asset Management Co Ltd. now owns 53,992 shares of the bank’s stock valued at $712,000 after buying an additional 830 shares during the last quarter. Guardian Wealth Management Inc. boosted its position in Huntington Bancshares by 3.5% in the first quarter. Guardian Wealth Management Inc. now owns 24,852 shares of the bank’s stock valued at $363,000 after buying an additional 835 shares during the last quarter. Buckingham Strategic Wealth LLC boosted its position in Huntington Bancshares by 5.6% in the fourth quarter. Buckingham Strategic Wealth LLC now owns 16,183 shares of the bank’s stock valued at $206,000 after buying an additional 864 shares during the last quarter. Gilbert & Cook Inc. boosted its position in Huntington Bancshares by 4.5% in the fourth quarter. Gilbert & Cook Inc. now owns 22,594 shares of the bank’s stock valued at $287,000 after buying an additional 966 shares during the last quarter. Finally, First Manhattan Co. boosted its position in Huntington Bancshares by 0.4% in the fourth quarter. First Manhattan Co. now owns 262,161 shares of the bank’s stock valued at $3,696,000 after buying an additional 974 shares during the last quarter. Institutional investors and hedge funds own 80.72% of the company’s stock.

Huntington Bancshares Company Profile

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.