DA Davidson Has Strong Estimate for HBAN FY2025 Earnings

Huntington Bancshares Incorporated (NASDAQ:HBAN) – Investment analysts at DA Davidson raised their FY2025 earnings estimates for Huntington Bancshares in a research report issued to clients and investors on Wednesday, April 2nd. DA Davidson analyst P. Winter now expects that the bank will earn $1.40 per share for the year, up from their prior estimate of $1.39. The consensus estimate for Huntington Bancshares’ current full-year earnings is $1.39 per share. DA Davidson also issued estimates for Huntington Bancshares’ FY2025 earnings at $1.40 EPS.

Huntington Bancshares (NASDAQ:HBAN) last issued its earnings results on Friday, January 17th. The bank reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.03. Huntington Bancshares had a return on equity of 11.23% and a net margin of 16.23%. During the same period in the prior year, the company earned $0.27 earnings per share.

Several other equities analysts also recently issued reports on the stock. Royal Bank of Canada reissued an “outperform” rating and set a $20.00 price target on shares of Huntington Bancshares in a report on Tuesday, January 21st. Barclays upped their target price on shares of Huntington Bancshares from $17.00 to $19.00 and gave the stock an “equal weight” rating in a research report on Monday, January 6th. JPMorgan Chase & Co. cut their price target on Huntington Bancshares from $18.50 to $16.00 and set an “overweight” rating on the stock in a report on Thursday. Morgan Stanley reduced their price objective on Huntington Bancshares from $22.00 to $20.00 and set an “overweight” rating for the company in a research report on Thursday, March 13th. Finally, Robert W. Baird upgraded Huntington Bancshares from a “neutral” rating to an “outperform” rating and set a $18.00 target price on the stock in a research report on Friday, March 7th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $17.94.

Huntington Bancshares Trading Down 6.4 %

NASDAQ:HBAN opened at $12.60 on Friday. Huntington Bancshares has a 12-month low of $12.05 and a 12-month high of $18.45. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.89 and a quick ratio of 0.88. The business has a 50 day simple moving average of $15.79 and a 200 day simple moving average of $16.14. The firm has a market capitalization of $18.41 billion, a P/E ratio of 10.24, a P/E/G ratio of 1.33 and a beta of 0.89.

Institutional Trading of Huntington Bancshares

Several large investors have recently added to or reduced their stakes in the company. State Street Corp grew its holdings in shares of Huntington Bancshares by 10.3% during the third quarter. State Street Corp now owns 79,474,115 shares of the bank’s stock valued at $1,179,319,000 after buying an additional 7,439,909 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Huntington Bancshares by 3.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 64,926,419 shares of the bank’s stock valued at $1,056,353,000 after acquiring an additional 2,218,020 shares in the last quarter. Invesco Ltd. increased its holdings in shares of Huntington Bancshares by 4.6% in the 4th quarter. Invesco Ltd. now owns 52,599,986 shares of the bank’s stock valued at $855,802,000 after purchasing an additional 2,310,502 shares during the period. Geode Capital Management LLC lifted its position in shares of Huntington Bancshares by 1.3% in the third quarter. Geode Capital Management LLC now owns 36,880,662 shares of the bank’s stock worth $540,422,000 after purchasing an additional 473,893 shares in the last quarter. Finally, FMR LLC boosted its holdings in shares of Huntington Bancshares by 36.9% during the fourth quarter. FMR LLC now owns 32,479,039 shares of the bank’s stock worth $528,434,000 after purchasing an additional 8,759,871 shares during the period. 80.72% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, VP Scott D. Kleinman sold 69,088 shares of Huntington Bancshares stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $14.67, for a total value of $1,013,520.96. Following the transaction, the vice president now directly owns 453,129 shares of the company’s stock, valued at $6,647,402.43. This trade represents a 13.23 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Brendan A. Lawlor sold 3,521 shares of the company’s stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $15.25, for a total transaction of $53,695.25. Following the completion of the sale, the vice president now owns 47,950 shares of the company’s stock, valued at approximately $731,237.50. This trade represents a 6.84 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 111,781 shares of company stock worth $1,631,151. 0.89% of the stock is owned by insiders.

Huntington Bancshares Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Tuesday, March 18th were issued a dividend of $0.155 per share. This represents a $0.62 dividend on an annualized basis and a yield of 4.92%. The ex-dividend date was Tuesday, March 18th. Huntington Bancshares’s payout ratio is 50.41%.

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.