Huntington Bancshares (NASDAQ:HBAN – Get Free Report) will be announcing its earnings results before the market opens on Friday, July 19th. Analysts expect the company to announce earnings of $0.29 per share for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.
Huntington Bancshares (NASDAQ:HBAN – Get Free Report) last announced its quarterly earnings results on Friday, April 19th. The bank reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.03. The firm had revenue of $2.85 billion during the quarter, compared to analyst estimates of $1.74 billion. Huntington Bancshares had a return on equity of 11.99% and a net margin of 15.86%. During the same quarter in the previous year, the business earned $0.38 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 Up 3.0 %
Huntington Bancshares stock opened at $13.46 on Friday. The business has a fifty day moving average of $13.33 and a two-hundred day moving average of $13.17. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.88. The firm has a market cap of $19.51 billion, a P/E ratio of 12.13, a P/E/G ratio of 2.48 and a beta of 1.06. Huntington Bancshares has a twelve month low of $9.25 and a twelve month high of $14.30.
Huntington Bancshares Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Monday, July 1st. Stockholders of record on Monday, June 17th were given a dividend of $0.155 per share. This represents a $0.62 dividend on an annualized basis and a dividend yield of 4.61%. The ex-dividend date was Monday, June 17th. Huntington Bancshares’s payout ratio is presently 55.86%.
Insider Buying and Selling at Huntington Bancshares
In other Huntington Bancshares news, VP Brantley J. Standridge sold 50,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $13.60, for a total value of $680,000.00. Following the completion of the transaction, the vice president now owns 385,409 shares of the company’s stock, valued at approximately $5,241,562.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Kendall A. Kowalski sold 15,948 shares of Huntington Bancshares stock in a transaction on Wednesday, April 24th. The shares were sold at an average price of $13.47, for a total transaction of $214,819.56. Following the completion of the sale, the insider now directly owns 21,102 shares of the company’s stock, valued at approximately $284,243.94. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Brantley J. Standridge sold 50,000 shares of Huntington Bancshares stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $13.60, for a total transaction of $680,000.00. Following the sale, the vice president now directly owns 385,409 shares of the company’s stock, valued at $5,241,562.40. The disclosure for this sale can be found here. Insiders sold 157,829 shares of company stock valued at $2,148,623 in the last 90 days. Company insiders own 0.92% of the company’s stock.
Analyst Ratings Changes
Several equities analysts recently issued reports on HBAN shares. Keefe, Bruyette & Woods cut their target price on Huntington Bancshares from $15.00 to $14.50 and set a “market perform” rating on the stock in a research report on Tuesday. UBS Group lowered their target price on shares of Huntington Bancshares from $16.00 to $15.00 and set a “buy” rating on the stock in a research note on Thursday, June 13th. JPMorgan Chase & Co. lowered their target price on shares of Huntington Bancshares from $17.00 to $16.50 and set an “overweight” rating on the stock in a research note on Thursday, June 27th. Jefferies Financial Group decreased their target price on shares of Huntington Bancshares from $16.00 to $15.00 and set a “buy” rating on the stock in a research note on Wednesday, July 3rd. Finally, Stephens reissued an “equal weight” rating and issued a $15.00 target price on shares of Huntington Bancshares in a research note on Monday, April 22nd. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Huntington Bancshares presently has a consensus rating of “Moderate Buy” and a consensus price target of $14.93.
Check Out Our Latest Research Report on Huntington Bancshares
About Huntington Bancshares
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.
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