Huntington Bancshares Incorporated (HBAN) Expected to Earn Q1 2018 Earnings of $0.27 Per Share

Huntington Bancshares Incorporated (NASDAQ:HBAN) – Jefferies Group issued their Q1 2018 earnings per share (EPS) estimates for shares of Huntington Bancshares in a report released on Tuesday. Jefferies Group analyst K. Usdin anticipates that the bank will post earnings of $0.27 per share for the quarter. Jefferies Group also issued estimates for Huntington Bancshares’ Q2 2018 earnings at $0.27 EPS, Q3 2018 earnings at $0.29 EPS and Q4 2018 earnings at $0.31 EPS.

Huntington Bancshares (NASDAQ:HBAN) last issued its earnings results on Wednesday, October 25th. The bank reported $0.23 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.25 by ($0.02). Huntington Bancshares had a return on equity of 11.96% and a net margin of 20.76%. The business had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.10 billion. During the same period in the prior year, the business earned $0.11 EPS.

HBAN has been the topic of a number of other research reports. Morgan Stanley raised their target price on shares of Huntington Bancshares from $14.50 to $16.50 and gave the stock an “equal weight” rating in a report on Wednesday, December 13th. BidaskClub raised shares of Huntington Bancshares from a “hold” rating to a “buy” rating in a report on Friday, December 22nd. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $14.25 target price on shares of Huntington Bancshares in a report on Friday, October 13th. Nomura raised their target price on shares of Huntington Bancshares from $16.00 to $17.00 and gave the stock a “buy” rating in a report on Thursday, October 26th. Finally, Robert W. Baird reissued a “hold” rating and issued a $16.00 target price on shares of Huntington Bancshares in a report on Wednesday, January 3rd. Six analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $16.31.

Huntington Bancshares (HBAN) opened at $15.85 on Friday. The company has a quick ratio of 0.87, a current ratio of 0.88 and a debt-to-equity ratio of 0.96. Huntington Bancshares has a twelve month low of $12.14 and a twelve month high of $15.85. The stock has a market cap of $16,895.19, a PE ratio of 16.28, a price-to-earnings-growth ratio of 1.22 and a beta of 1.34.

Several large investors have recently made changes to their positions in HBAN. Capital International Investors increased its stake in shares of Huntington Bancshares by 22.6% in the second quarter. Capital International Investors now owns 43,919,215 shares of the bank’s stock valued at $593,788,000 after purchasing an additional 8,101,400 shares during the period. Vanguard Group Inc. increased its stake in shares of Huntington Bancshares by 2.4% during the second quarter. Vanguard Group Inc. now owns 109,990,274 shares of the bank’s stock valued at $1,487,068,000 after acquiring an additional 2,558,854 shares during the period. The Manufacturers Life Insurance Company increased its stake in shares of Huntington Bancshares by 20.1% during the second quarter. The Manufacturers Life Insurance Company now owns 12,364,805 shares of the bank’s stock valued at $167,172,000 after acquiring an additional 2,065,131 shares during the period. Beacon Investment Advisory Services Inc. acquired a new position in shares of Huntington Bancshares during the third quarter valued at approximately $23,872,000. Finally, Nationwide Fund Advisors increased its stake in shares of Huntington Bancshares by 430.6% during the second quarter. Nationwide Fund Advisors now owns 1,620,866 shares of the bank’s stock valued at $21,914,000 after acquiring an additional 1,315,390 shares during the period. Institutional investors own 73.53% of the company’s stock.

In other Huntington Bancshares news, EVP Daniel J. Neumeyer sold 43,491 shares of the firm’s stock in a transaction that occurred on Tuesday, October 31st. The shares were sold at an average price of $13.88, for a total value of $603,655.08. Following the sale, the executive vice president now owns 427,270 shares in the company, valued at $5,930,507.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Helga Houston sold 14,513 shares of the firm’s stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $13.77, for a total transaction of $199,844.01. Following the completion of the sale, the insider now owns 499,824 shares in the company, valued at approximately $6,882,576.48. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by company insiders.

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 2nd. Shareholders of record on Monday, December 18th were paid a $0.11 dividend. The ex-dividend date was Friday, December 15th. This represents a $0.44 annualized dividend and a dividend yield of 2.78%. This is a positive change from Huntington Bancshares’s previous quarterly dividend of $0.08. Huntington Bancshares’s dividend payout ratio (DPR) is presently 39.51%.

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About Huntington Bancshares

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.

Earnings History and Estimates for Huntington Bancshares (NASDAQ:HBAN)

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