DA Davidson Issues Pessimistic Forecast for HBAN Earnings

Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) - Research analysts at DA Davidson cut their FY2025 earnings estimates for shares of Huntington Bancshares in a note issued to investors on Thursday, December 19th. DA Davidson analyst P. Winter now forecasts that the bank will post earnings of $1.39 per share for the year, down from their prior estimate of $1.40. DA Davidson has a "Buy" rating and a $17.50 price objective on the stock. The consensus estimate for Huntington Bancshares' current full-year earnings is $1.21 per share.

Huntington Bancshares (NASDAQ:HBAN - Get Free Report) last released its quarterly earnings data on Thursday, October 17th. The bank reported $0.33 EPS for the quarter, beating analysts' consensus estimates of $0.30 by $0.03. Huntington Bancshares had a return on equity of 10.72% and a net margin of 14.19%. The business had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $1.86 billion. During the same quarter in the prior year, the company posted $0.36 earnings per share.

HBAN has been the subject of a number of other research reports. The Goldman Sachs Group boosted their price objective on shares of Huntington Bancshares from $16.25 to $20.00 and gave the company a "buy" rating in a report on Tuesday, November 26th. Barclays upped their price objective on shares of Huntington Bancshares from $15.00 to $17.00 and gave the company an "equal weight" rating in a research report on Friday, October 18th. Keefe, Bruyette & Woods boosted their target price on Huntington Bancshares from $16.00 to $19.00 and gave the company a "market perform" rating in a research note on Wednesday, December 4th. JPMorgan Chase & Co. reaffirmed an "overweight" rating and set a $20.00 price target (up previously from $18.50) on shares of Huntington Bancshares in a research report on Wednesday, December 4th. Finally, Sandler O'Neill reiterated a "buy" rating on shares of Huntington Bancshares in a research report on Friday, October 18th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Huntington Bancshares presently has a consensus rating of "Moderate Buy" and an average target price of $17.41.

Huntington Bancshares Trading Down 0.2 %

Shares of HBAN stock traded down $0.04 on Monday, reaching $16.28. The company had a trading volume of 13,190,517 shares, compared to its average volume of 15,921,912. The stock has a market cap of $23.65 billion, a PE ratio of 15.65, a PEG ratio of 3.47 and a beta of 1.06. The company has a 50-day moving average of $16.80 and a 200-day moving average of $14.96. The company has a current ratio of 0.88, a quick ratio of 0.87 and a debt-to-equity ratio of 0.86. Huntington Bancshares has a 12 month low of $12.02 and a 12 month high of $18.44.

Huntington Bancshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Wednesday, December 18th will be issued a $0.155 dividend. This represents a $0.62 annualized dividend and a dividend yield of 3.81%. The ex-dividend date of this dividend is Wednesday, December 18th. Huntington Bancshares's payout ratio is 59.62%.

Insider Activity at Huntington Bancshares

In related news, CFO Zachary Jacob Wasserman sold 8,644 shares of the firm's stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $17.63, for a total value of $152,393.72. Following the completion of the sale, the chief financial officer now directly owns 259,943 shares in the company, valued at approximately $4,582,795.09. This trade represents a 3.22 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Scott D. Kleinman sold 28,600 shares of the business's stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $17.67, for a total value of $505,362.00. Following the transaction, the vice president now directly owns 496,076 shares in the company, valued at approximately $8,765,662.92. This trade represents a 5.45 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 43,699 shares of company stock valued at $757,356. 0.89% of the stock is owned by insiders.

Hedge Funds Weigh In On Huntington Bancshares

Several institutional investors and hedge funds have recently modified their holdings of the stock. Arvest Bank Trust Division acquired a new position in shares of Huntington Bancshares in the third quarter valued at approximately $2,381,000. Heritage Wealth Management Inc. acquired a new position in Huntington Bancshares in the 2nd quarter valued at $744,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Huntington Bancshares by 5.6% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 844,466 shares of the bank's stock worth $12,414,000 after buying an additional 44,662 shares during the period. Petiole USA ltd acquired a new stake in shares of Huntington Bancshares during the third quarter worth $3,454,000. Finally, Franklin Resources Inc. boosted its position in shares of Huntington Bancshares by 3.2% in the third quarter. Franklin Resources Inc. now owns 1,797,771 shares of the bank's stock valued at $27,901,000 after acquiring an additional 55,602 shares during the period. 80.72% of the stock is currently owned by institutional investors and hedge funds.

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.