Huntington Bancshares (HBAN) Scheduled to Post Quarterly Earnings on Friday

Huntington Bancshares (NASDAQ:HBAN) will issue its quarterly earnings data before the market opens on Friday, April 19th. Analysts expect the company to announce earnings of $0.26 per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

Huntington Bancshares (NASDAQ:HBAN) last posted its quarterly earnings results on Friday, January 19th. The bank reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.15. Huntington Bancshares had a return on equity of 12.96% and a net margin of 18.00%. The firm had revenue of $2.76 billion during the quarter, compared to analyst estimates of $1.75 billion. During the same period last year, the company earned $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 Stock Performance

NASDAQ:HBAN opened at $13.15 on Thursday. The business’s fifty day moving average is $13.23 and its 200 day moving average is $12.10. The firm has a market cap of $19.07 billion, a price-to-earnings ratio of 10.60, a PEG ratio of 2.46 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 has a 52-week low of $9.13 and a 52-week high of $14.07.

Huntington Bancshares Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Monday, March 18th were given a dividend of $0.155 per share. This represents a $0.62 annualized dividend and a dividend yield of 4.71%. The ex-dividend date of this dividend was Friday, March 15th. Huntington Bancshares’s dividend payout ratio is presently 50.00%.

Insider Activity

In other Huntington Bancshares news, 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 completion of the sale, the vice president now directly owns 303,455 shares in the company, valued at $3,847,809.40. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other Huntington Bancshares news, VP Julie C. Tutkovics sold 15,541 shares of the business’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $12.68, for a total value of $197,059.88. Following the completion of the sale, the vice president now 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. Also, insider Helga Houston sold 28,700 shares of the firm’s stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $13.17, for a total transaction of $377,979.00. Following the completion of the transaction, the insider now owns 568,222 shares in the company, valued at approximately $7,483,483.74. The disclosure for this sale can be found here. In the last 90 days, insiders sold 102,241 shares of company stock valued at $1,360,359. Corporate insiders own 0.92% of the company’s stock.

Institutional Trading of Huntington Bancshares

Large investors have recently modified their holdings of the business. Tyler Stone Wealth Management purchased a new position in shares of Huntington Bancshares during the second quarter valued at approximately $25,000. Clear Street Markets LLC raised its holdings in Huntington Bancshares by 81.6% in the 1st quarter. Clear Street Markets LLC now owns 2,831 shares of the bank’s stock worth $32,000 after purchasing an additional 1,272 shares in the last quarter. Sunbelt Securities Inc. purchased a new stake in shares of Huntington Bancshares in the 1st quarter worth about $35,000. Coppell Advisory Solutions Corp. bought a new stake in shares of Huntington Bancshares during the 4th quarter valued at about $46,000. Finally, Worth Asset Management LLC bought a new position in Huntington Bancshares in the first quarter worth about $45,000. 80.72% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. UBS Group upgraded shares of Huntington Bancshares from a “neutral” rating to a “buy” rating and raised their price objective for the company from $14.00 to $15.00 in a research report on Wednesday, February 14th. Bank of America upgraded shares of Huntington Bancshares from a “neutral” rating to a “buy” rating and boosted their price target for the company from $14.00 to $16.00 in a research report on Monday, April 8th. Raymond James increased their price objective on Huntington Bancshares from $13.00 to $15.00 and gave the stock a “strong-buy” rating in a research report on Tuesday, December 26th. Evercore ISI upped their target price on Huntington Bancshares from $15.00 to $16.00 and gave the stock an “outperform” rating in a research note on Thursday, March 28th. Finally, Barclays upgraded Huntington Bancshares from an “underweight” rating to an “equal weight” rating and lifted their price target for the company from $12.00 to $15.00 in a research report on Tuesday, January 2nd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $14.97.

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.