Huntington Bancshares (HBAN) to Release Quarterly Earnings on Thursday

Huntington Bancshares (NASDAQ:HBANGet Rating) is set to issue its quarterly earnings data before the market opens on Thursday, April 21st. Analysts expect the company to announce earnings of $0.32 per share for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

Huntington Bancshares (NASDAQ:HBANGet Rating) last announced its earnings results on Friday, January 21st. The bank reported $0.36 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.01). The firm had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.69 billion. Huntington Bancshares had a net margin of 30.05% and a return on equity of 13.42%. During the same period in the previous year, the company earned $0.27 EPS. On average, analysts expect Huntington Bancshares to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

HBAN stock opened at $13.44 on Thursday. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.82 and a quick ratio of 0.81. The business has a 50 day simple moving average of $15.06 and a 200-day simple moving average of $15.61. The firm has a market capitalization of $19.42 billion, a PE ratio of 9.88, a price-to-earnings-growth ratio of 0.42 and a beta of 1.19. Huntington Bancshares has a 1 year low of $13.01 and a 1 year high of $17.79.

The business also recently declared a quarterly dividend, which was paid on Friday, April 1st. Stockholders of record on Friday, March 18th were given a $0.155 dividend. The ex-dividend date was Thursday, March 17th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 4.61%. Huntington Bancshares’s dividend payout ratio (DPR) is presently 45.59%.

HBAN has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Huntington Bancshares in a research report on Friday, December 17th. Morgan Stanley dropped their price target on Huntington Bancshares from $18.00 to $17.00 and set an “equal weight” rating for the company in a research report on Monday, March 28th. Barclays lowered Huntington Bancshares from an “equal weight” rating to an “underweight” rating and set a $17.00 price target for the company. in a research report on Monday, January 3rd. UBS Group started coverage on Huntington Bancshares in a research report on Wednesday, January 12th. They issued a “buy” rating and a $21.00 price objective for the company. Finally, StockNews.com lowered Huntington Bancshares from a “hold” rating to a “sell” rating in a research report on Wednesday. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Huntington Bancshares has a consensus rating of “Hold” and a consensus target price of $18.00.

In other news, Director Kenneth J. Phelan purchased 6,684 shares of the stock in a transaction dated Monday, February 7th. The stock was acquired at an average cost of $15.83 per share, for a total transaction of $105,807.72. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Scott D. Kleinman sold 8,290 shares of the firm’s stock in a transaction on Tuesday, March 22nd. The stock was sold at an average price of $15.50, for a total value of $128,495.00. The disclosure for this sale can be found here. Insiders sold 17,374 shares of company stock valued at $289,397 over the last quarter. 0.72% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Parametric Portfolio Associates LLC raised its stake in shares of Huntington Bancshares by 2.4% in the fourth quarter. Parametric Portfolio Associates LLC now owns 7,346,015 shares of the bank’s stock valued at $113,276,000 after acquiring an additional 174,464 shares in the last quarter. California State Teachers Retirement System raised its stake in shares of Huntington Bancshares by 2.4% in the fourth quarter. California State Teachers Retirement System now owns 2,606,253 shares of the bank’s stock valued at $40,188,000 after acquiring an additional 62,295 shares in the last quarter. Sei Investments Co. raised its stake in shares of Huntington Bancshares by 7.8% in the fourth quarter. Sei Investments Co. now owns 803,041 shares of the bank’s stock valued at $12,394,000 after acquiring an additional 57,956 shares in the last quarter. River & Mercantile Asset Management LLP raised its stake in shares of Huntington Bancshares by 11.0% in the fourth quarter. River & Mercantile Asset Management LLP now owns 261,050 shares of the bank’s stock valued at $4,025,000 after acquiring an additional 25,890 shares in the last quarter. Finally, Advisors Asset Management Inc. raised its stake in shares of Huntington Bancshares by 14.7% in the fourth quarter. Advisors Asset Management Inc. now owns 227,652 shares of the bank’s stock valued at $3,510,000 after acquiring an additional 29,202 shares in the last quarter. Institutional investors and hedge funds own 78.27% of the company’s stock.

About Huntington Bancshares (Get Rating)

Huntington Bancshares, Inc operates as a bank holding company. It 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, other financial products and services.

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Earnings History for Huntington Bancshares (NASDAQ:HBAN)

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