Huntington Bancshares (HBAN) Scheduled to Post Earnings on Friday

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

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

Shares of Huntington Bancshares stock opened at $13.49 on Friday. The stock has a market cap of $19.56 billion, a PE ratio of 10.88 and a beta of 1.11. The business has a fifty day simple moving average of $13.17 and a 200-day simple moving average of $12.01. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.73. Huntington Bancshares has a 12 month low of $9.13 and a 12 month high of $14.07.

Huntington Bancshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Monday, March 18th were given a dividend of $0.155 per share. The ex-dividend date was Friday, March 15th. This represents a $0.62 dividend on an annualized basis and a yield of 4.60%. Huntington Bancshares’s payout ratio is 50.00%.

Analysts Set New Price Targets

A number of analysts recently issued reports on HBAN shares. Royal Bank of Canada lifted their price objective on Huntington Bancshares from $15.00 to $16.00 and gave the company an “outperform” rating in a research report on Tuesday. Evercore ISI lifted their price objective on Huntington Bancshares from $15.00 to $16.00 and gave the company an “outperform” rating in a research report on Thursday, March 28th. Keefe, Bruyette & Woods boosted their price target on Huntington Bancshares from $14.00 to $15.00 and gave the stock a “market perform” rating in a research report on Friday, April 5th. Citigroup boosted their price target on Huntington Bancshares from $14.00 to $15.00 and gave the stock a “buy” rating in a research report on Thursday, January 25th. Finally, JPMorgan Chase & Co. boosted their price target on Huntington Bancshares from $15.00 to $16.00 and gave the stock a “neutral” rating in a research report on Thursday, April 4th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Huntington Bancshares currently has an average rating of “Moderate Buy” and a consensus target price of $14.97.

Insider Buying and Selling

In related news, VP Julie C. Tutkovics sold 15,541 shares of the business’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $12.68, for a total transaction of $197,059.88. Following the transaction, the vice president now directly 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 available at this hyperlink. In related news, VP Julie C. Tutkovics sold 15,541 shares of the business’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $12.68, for a total transaction of $197,059.88. Following the transaction, the vice president now directly 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 available at this hyperlink. Also, insider Helga Houston sold 28,700 shares of the business’s stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $13.17, for a total value of $377,979.00. Following the transaction, the insider now owns 568,222 shares in the company, valued at $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. Insiders own 0.92% of the company’s stock.

Institutional Investors Weigh In On Huntington Bancshares

Several large investors have recently modified their holdings of HBAN. Tyler Stone Wealth Management bought a new stake in Huntington Bancshares during the 2nd quarter worth approximately $25,000. Clear Street Markets LLC grew its position in Huntington Bancshares by 81.6% during the 1st quarter. Clear Street Markets LLC now owns 2,831 shares of the bank’s stock worth $32,000 after acquiring an additional 1,272 shares during the last quarter. Sunbelt Securities Inc. bought a new stake in Huntington Bancshares during the 1st quarter worth approximately $35,000. Quarry LP grew its position in Huntington Bancshares by 68.8% during the 1st quarter. Quarry LP now owns 3,777 shares of the bank’s stock worth $42,000 after acquiring an additional 1,539 shares during the last quarter. Finally, Worth Asset Management LLC bought a new stake in Huntington Bancshares during the 1st quarter worth approximately $45,000. 80.72% of the stock is currently owned by institutional investors.

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.