Huntington Bancshares Incorporated (NASDAQ:HBAN) – Stock analysts at DA Davidson upped their FY2019 earnings estimates for Huntington Bancshares in a research note issued on Friday, October 25th. DA Davidson analyst K. Reevey now expects that the bank will post earnings per share of $1.31 for the year, up from their prior forecast of $1.30. DA Davidson currently has a “Neutral” rating and a $16.00 target price on the stock. DA Davidson also issued estimates for Huntington Bancshares’ FY2020 earnings at $1.35 EPS.
Huntington Bancshares (NASDAQ:HBAN) last announced its quarterly earnings results on Thursday, October 24th. The bank reported $0.34 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.33 by $0.01. Huntington Bancshares had a return on equity of 13.83% and a net margin of 25.24%. The business had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.17 billion. During the same quarter in the prior year, the company posted $0.33 EPS. The company’s quarterly revenue was up 3.6% on a year-over-year basis.
Several other equities analysts have also issued reports on HBAN. BMO Capital Markets lowered Huntington Bancshares from a “market perform” rating to an “underperform” rating and set a $14.00 target price on the stock. in a research note on Monday, July 8th. Nomura set a $14.00 target price on Huntington Bancshares and gave the stock a “hold” rating in a research note on Friday, July 26th. Raymond James reissued a “buy” rating and set a $16.00 target price on shares of Huntington Bancshares in a research note on Friday. BidaskClub raised Huntington Bancshares from a “sell” rating to a “hold” rating in a research note on Monday, September 2nd. Finally, Bank of America lowered Huntington Bancshares from a “buy” rating to a “neutral” rating and set a $15.00 target price on the stock. in a research note on Friday. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $15.28.
Shares of Huntington Bancshares stock opened at $14.58 on Monday. The business’s fifty day simple moving average is $14.23 and its 200-day simple moving average is $13.64. Huntington Bancshares has a 52 week low of $11.12 and a 52 week high of $14.97. The company has a quick ratio of 0.90, a current ratio of 0.91 and a debt-to-equity ratio of 0.92. The firm has a market cap of $14.87 billion, a PE ratio of 12.15, a price-to-earnings-growth ratio of 2.08 and a beta of 1.45.
The company also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Wednesday, December 18th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 4.12%. The ex-dividend date of this dividend is Tuesday, December 17th. Huntington Bancshares’s payout ratio is 50.00%.
A number of institutional investors and hedge funds have recently bought and sold shares of HBAN. Vanguard Group Inc. increased its holdings in Huntington Bancshares by 0.7% during the 2nd quarter. Vanguard Group Inc. now owns 119,979,155 shares of the bank’s stock worth $1,658,111,000 after purchasing an additional 877,364 shares during the period. Boston Partners increased its holdings in Huntington Bancshares by 3.2% during the 2nd quarter. Boston Partners now owns 28,056,162 shares of the bank’s stock worth $387,719,000 after purchasing an additional 878,068 shares during the period. Invesco Ltd. increased its holdings in Huntington Bancshares by 34.3% during the 2nd quarter. Invesco Ltd. now owns 13,409,707 shares of the bank’s stock worth $185,323,000 after purchasing an additional 3,427,585 shares during the period. Northern Trust Corp increased its holdings in Huntington Bancshares by 2.8% during the 2nd quarter. Northern Trust Corp now owns 11,482,146 shares of the bank’s stock worth $158,684,000 after purchasing an additional 310,381 shares during the period. Finally, Royal Bank of Canada increased its holdings in Huntington Bancshares by 39.6% during the 2nd quarter. Royal Bank of Canada now owns 8,735,469 shares of the bank’s stock worth $120,723,000 after purchasing an additional 2,476,376 shares during the period. 75.13% of the stock is currently owned by hedge funds and other institutional investors.
Huntington Bancshares Company Profile
Huntington Bancshares Incorporated operates as a holding company for The Huntington National Bank that provides commercial, small business, consumer, and mortgage banking services. The company operates through four business segments: Consumer and Business Banking, Commercial Banking, Vehicle Finance, and Regional Banking and The Huntington Private Client Group (RBHPCG).
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