Huntington Bancshares Incorporated (NASDAQ:HBAN) – Equities researchers at Jefferies Financial Group lifted their FY2020 EPS estimates for Huntington Bancshares in a research report issued on Thursday, January 7th. Jefferies Financial Group analyst K. Usdin now forecasts that the bank will post earnings of $0.75 per share for the year, up from their prior forecast of $0.73. Jefferies Financial Group also issued estimates for Huntington Bancshares’ Q4 2021 earnings at $0.33 EPS.
A number of other equities research analysts have also recently issued reports on HBAN. Wedbush raised shares of Huntington Bancshares from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $10.50 to $12.50 in a research report on Monday, October 26th. BidaskClub raised shares of Huntington Bancshares from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Piper Sandler raised shares of Huntington Bancshares from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $13.50 to $15.00 in a research report on Tuesday, January 5th. TheStreet raised shares of Huntington Bancshares from a “c+” rating to a “b” rating in a research report on Friday, October 30th. Finally, Stephens cut shares of Huntington Bancshares from an “overweight” rating to an “equal weight” rating and set a $14.00 price objective for the company. in a research report on Thursday, December 17th. Eleven analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $11.96.
Shares of Huntington Bancshares stock opened at $14.43 on Friday. The firm has a 50-day moving average of $12.61 and a 200-day moving average of $10.39. The stock has a market cap of $14.68 billion, a PE ratio of 20.32, a PEG ratio of 3.69 and a beta of 1.47. Huntington Bancshares has a 52-week low of $6.82 and a 52-week high of $14.86. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.90 and a current ratio of 0.91.
Huntington Bancshares (NASDAQ:HBAN) last released its quarterly earnings data on Thursday, October 22nd. The bank reported $0.27 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.25 by $0.02. The firm had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.22 billion. Huntington Bancshares had a net margin of 15.34% and a return on equity of 7.70%. The company’s quarterly revenue was up 4.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.34 earnings per share.
The company also recently disclosed a quarterly dividend, which was paid on Monday, January 4th. Stockholders of record on Friday, December 18th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 4.16%. The ex-dividend date of this dividend was Thursday, December 17th. Huntington Bancshares’s dividend payout ratio is currently 47.24%.
In other news, EVP Mark E. Thompson sold 50,000 shares of the company’s stock in a transaction that occurred on Thursday, October 29th. The stock was sold at an average price of $10.16, for a total value of $508,000.00. Following the completion of the transaction, the executive vice president now owns 608,283 shares of the company’s stock, valued at $6,180,155.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.70% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in HBAN. Asset Dedication LLC increased its position in Huntington Bancshares by 292.4% during the 3rd quarter. Asset Dedication LLC now owns 4,026 shares of the bank’s stock valued at $38,000 after purchasing an additional 3,000 shares during the period. Creative Financial Designs Inc. ADV increased its position in Huntington Bancshares by 201.9% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 3,055 shares of the bank’s stock valued at $39,000 after purchasing an additional 2,043 shares during the period. Ellevest Inc. increased its position in Huntington Bancshares by 61.3% during the 3rd quarter. Ellevest Inc. now owns 5,341 shares of the bank’s stock valued at $49,000 after purchasing an additional 2,030 shares during the period. Horan Securities Inc. increased its position in Huntington Bancshares by 532.3% during the 3rd quarter. Horan Securities Inc. now owns 6,627 shares of the bank’s stock valued at $61,000 after purchasing an additional 5,579 shares during the period. Finally, Ausdal Financial Partners Inc. acquired a new stake in Huntington Bancshares during the 3rd quarter valued at approximately $93,000. 69.41% of the stock is owned by 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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