Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) - Equities research analysts at DA Davidson boosted their FY2025 earnings per share (EPS) estimates for shares of Huntington Bancshares in a note issued to investors on Wednesday, April 2nd. DA Davidson analyst P. Winter now expects that the bank will earn $1.40 per share for the year, up from their previous forecast of $1.39. The consensus estimate for Huntington Bancshares' current full-year earnings is $1.39 per share. DA Davidson also issued estimates for Huntington Bancshares' FY2025 earnings at $1.40 EPS.
HBAN has been the topic of several other reports. Truist Financial upped their price objective on Huntington Bancshares from $19.00 to $21.00 and gave the company a "buy" rating in a research note on Tuesday, January 21st. JPMorgan Chase & Co. lowered their price target on Huntington Bancshares from $18.50 to $16.00 and set an "overweight" rating on the stock in a research report on Thursday, April 3rd. Stephens reissued an "equal weight" rating and set a $18.50 price objective on shares of Huntington Bancshares in a report on Friday, February 7th. Robert W. Baird upgraded shares of Huntington Bancshares from a "neutral" rating to an "outperform" rating and set a $18.00 target price for the company in a research report on Friday, March 7th. Finally, Royal Bank of Canada restated an "outperform" rating and set a $20.00 price target on shares of Huntington Bancshares in a research report on Tuesday, January 21st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Huntington Bancshares currently has a consensus rating of "Moderate Buy" and an average target price of $17.94.
Check Out Our Latest Report on Huntington Bancshares
Huntington Bancshares Price Performance
NASDAQ HBAN traded up $0.84 on Friday, reaching $13.33. The company's stock had a trading volume of 11,466,270 shares, compared to its average volume of 17,166,413. Huntington Bancshares has a 52 week low of $11.92 and a 52 week high of $18.45. The company has a current ratio of 0.89, a quick ratio of 0.88 and a debt-to-equity ratio of 0.92. The firm has a market cap of $19.47 billion, a PE ratio of 10.63, a price-to-earnings-growth ratio of 1.33 and a beta of 0.89. The business has a 50-day moving average price of $15.51 and a 200 day moving average price of $16.09.
Huntington Bancshares (NASDAQ:HBAN - Get Free Report) last posted its quarterly earnings results on Friday, January 17th. The bank reported $0.34 earnings per share for the quarter, topping analysts' consensus estimates of $0.31 by $0.03. Huntington Bancshares had a net margin of 16.23% and a return on equity of 11.23%. During the same quarter in the prior year, the company earned $0.27 EPS.
Institutional Trading of Huntington Bancshares
Several hedge funds have recently modified their holdings of the stock. Norges Bank acquired a new stake in Huntington Bancshares in the fourth quarter worth $302,826,000. Raymond James Financial Inc. acquired a new stake in shares of Huntington Bancshares in the 4th quarter valued at about $150,444,000. FMR LLC boosted its holdings in Huntington Bancshares by 36.9% in the fourth quarter. FMR LLC now owns 32,479,039 shares of the bank's stock worth $528,434,000 after acquiring an additional 8,759,871 shares in the last quarter. State Street Corp raised its position in shares of Huntington Bancshares by 10.3% during the third quarter. State Street Corp now owns 79,474,115 shares of the bank's stock worth $1,179,319,000 after purchasing an additional 7,439,909 shares during the period. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its position in Huntington Bancshares by 126.6% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 7,048,773 shares of the bank's stock valued at $114,684,000 after acquiring an additional 3,938,769 shares in the last quarter. Institutional investors own 80.72% of the company's stock.
Insider Buying and Selling
In related news, VP Brendan A. Lawlor sold 3,521 shares of the business's stock in a transaction on Monday, March 24th. The shares were sold at an average price of $15.25, for a total value of $53,695.25. Following the transaction, the vice president now owns 47,950 shares in the company, valued at $731,237.50. The trade was a 6.84 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Zachary Jacob Wasserman sold 38,451 shares of the company's stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $14.38, for a total transaction of $552,925.38. Following the sale, the chief financial officer now directly owns 335,538 shares in the company, valued at $4,825,036.44. This trade represents a 10.28 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 111,781 shares of company stock worth $1,631,151 in the last ninety days. Company insiders own 0.89% of the company's stock.
Huntington Bancshares Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Tuesday, March 18th were issued a $0.155 dividend. The ex-dividend date was Tuesday, March 18th. This represents a $0.62 dividend on an annualized basis and a yield of 4.65%. Huntington Bancshares's dividend payout ratio (DPR) is presently 50.41%.
About Huntington Bancshares
(
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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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