Huntington Bancshares Incorporated (NASDAQ:HBAN) – Research analysts at B. Riley raised their FY2017 earnings estimates for shares of Huntington Bancshares in a note issued to investors on Thursday. B. Riley analyst S. Moss now anticipates that the bank will earn $0.99 per share for the year, up from their prior estimate of $0.98. B. Riley also issued estimates for Huntington Bancshares’ Q4 2017 earnings at $0.26 EPS, Q1 2018 earnings at $0.26 EPS, Q2 2018 earnings at $0.28 EPS, Q3 2018 earnings at $0.29 EPS, Q4 2018 earnings at $0.30 EPS, FY2018 earnings at $1.13 EPS, Q1 2019 earnings at $0.28 EPS, Q2 2019 earnings at $0.30 EPS, Q3 2019 earnings at $0.31 EPS, Q4 2019 earnings at $0.31 EPS and FY2019 earnings at $1.20 EPS.
A number of other equities research analysts have also weighed in on HBAN. BidaskClub upgraded Huntington Bancshares from a “hold” rating to a “buy” rating in a research report on Wednesday. Robert W. Baird restated a “hold” rating and set a $16.00 price target on shares of Huntington Bancshares in a research report on Wednesday, January 3rd. Zacks Investment Research upgraded Huntington Bancshares from a “hold” rating to a “strong-buy” rating and set a $17.00 price target on the stock in a research report on Tuesday. Vining Sparks restated a “buy” rating and set a $19.00 price target on shares of Huntington Bancshares in a research report on Monday. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $16.25 price target on shares of Huntington Bancshares in a research report on Friday, December 22nd. Six equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. Huntington Bancshares presently has an average rating of “Buy” and a consensus target price of $16.31.
Huntington Bancshares (NASDAQ:HBAN) last issued its quarterly earnings data on Wednesday, October 25th. The bank reported $0.23 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.25 by ($0.02). The business had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.10 billion. Huntington Bancshares had a return on equity of 10.68% and a net margin of 25.22%. During the same quarter in the prior year, the business posted $0.11 earnings per share.
The company also recently declared a quarterly dividend, which was paid on Tuesday, January 2nd. Investors of record on Monday, December 18th were given a dividend of $0.11 per share. The ex-dividend date was Friday, December 15th. This is a positive change from Huntington Bancshares’s previous quarterly dividend of $0.08. This represents a $0.44 annualized dividend and a dividend yield of 2.82%. Huntington Bancshares’s payout ratio is currently 38.55%.
In other Huntington Bancshares news, EVP Daniel J. Neumeyer sold 43,491 shares of the business’s stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $13.88, for a total value of $603,655.08. Following the sale, the executive vice president now directly 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 business’s stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $13.77, for a total value of $199,844.01. Following the completion of the sale, the insider now directly owns 499,824 shares in the company, valued at $6,882,576.48. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the business. Sun Life Financial INC boosted its holdings in Huntington Bancshares by 99,812.5% in the second quarter. Sun Life Financial INC now owns 7,993 shares of the bank’s stock worth $108,000 after acquiring an additional 7,985 shares in the last quarter. Verition Fund Management LLC bought a new stake in Huntington Bancshares in the second quarter worth $139,000. Alpha Cubed Investments LLC bought a new stake in Huntington Bancshares in the third quarter worth $151,000. ClariVest Asset Management LLC boosted its holdings in Huntington Bancshares by 53.4% in the third quarter. ClariVest Asset Management LLC now owns 11,200 shares of the bank’s stock worth $156,000 after acquiring an additional 3,900 shares in the last quarter. Finally, D.A. Davidson & CO. boosted its holdings in Huntington Bancshares by 171.7% in the second quarter. D.A. Davidson & CO. now owns 13,800 shares of the bank’s stock worth $186,000 after acquiring an additional 8,720 shares in the last quarter. 73.53% of the stock is currently owned by institutional investors and hedge funds.
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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.
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