Huntington Bancshares (HBAN) Expected to Announce Quarterly Earnings on Thursday

Huntington Bancshares (NASDAQ:HBAN - Get Free Report) is expected to be releasing its Q1 2025 quarterly earnings data before the market opens on Thursday, April 17th. Analysts expect Huntington Bancshares to post earnings of $0.31 per share and revenue of $1.89 billion for the quarter. Investors interested in registering for the company's conference call can do so using this link.

Huntington Bancshares (NASDAQ:HBAN - Get Free Report) last issued its earnings results on Thursday, April 17th. The bank reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.03. The firm had revenue of $1.94 billion for the quarter, compared to analysts' expectations of $1.89 billion. Huntington Bancshares had a return on equity of 11.23% and a net margin of 16.23%. During the same period in the previous year, the firm posted $0.27 earnings per share. On average, analysts expect Huntington Bancshares to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Huntington Bancshares Price Performance

Shares of HBAN traded up $0.39 during mid-day trading on Friday, hitting $13.66. 31,068,958 shares of the stock were exchanged, compared to its average volume of 17,287,571. The firm has a 50-day moving average of $14.86 and a two-hundred day moving average of $16.01. Huntington Bancshares has a 52-week low of $11.92 and a 52-week high of $18.45. The company has a market cap of $19.96 billion, a PE ratio of 11.11, a price-to-earnings-growth ratio of 1.33 and a beta of 0.89. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.88 and a current ratio of 0.89.

Huntington Bancshares announced that its Board of Directors has authorized a stock buyback program on Thursday, April 17th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the bank to purchase up to 5% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's board of directors believes its stock is undervalued.

Huntington Bancshares Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Tuesday, June 17th will be issued a $0.155 dividend. This represents a $0.62 dividend on an annualized basis and a dividend yield of 4.54%. Huntington Bancshares's dividend payout ratio (DPR) is presently 47.33%.

Insider Activity at Huntington Bancshares

In other Huntington Bancshares news, CFO Zachary Jacob Wasserman sold 38,451 shares of Huntington Bancshares stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $14.38, for a total value of $552,925.38. Following the transaction, the chief financial officer now owns 335,538 shares in the company, valued at $4,825,036.44. The trade was a 10.28 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Scott D. Kleinman sold 69,088 shares of the stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $14.67, for a total transaction of $1,013,520.96. Following the sale, the vice president now directly owns 453,129 shares of the company's stock, valued at approximately $6,647,402.43. The trade was a 13.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 111,781 shares of company stock valued at $1,631,151 over the last ninety days. 0.89% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Baird R W raised Huntington Bancshares from a "hold" rating to a "strong-buy" rating in a research note on Friday, March 7th. Citigroup lowered their target price on shares of Huntington Bancshares from $20.00 to $18.00 and set a "buy" rating for the company in a report on Monday, March 24th. Barclays upped their price target on shares of Huntington Bancshares from $17.00 to $19.00 and gave the company an "equal weight" rating in a report on Monday, January 6th. JPMorgan Chase & Co. dropped their target price on Huntington Bancshares from $18.50 to $16.00 and set an "overweight" rating for the company in a research report on Thursday, April 3rd. Finally, Robert W. Baird raised Huntington Bancshares from a "neutral" rating to an "outperform" rating and set a $18.00 target price on the stock in a research note on Friday, March 7th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Huntington Bancshares currently has a consensus rating of "Moderate Buy" and a consensus target price of $17.94.

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.