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

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

Huntington Bancshares (NASDAQ:HBAN - Get Free Report) last issued its quarterly earnings results on Friday, January 17th. The bank reported $0.34 earnings per share for the quarter, beating 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 period last year, the company earned $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 Trading Up 1.9 %

NASDAQ:HBAN traded up $0.25 during trading hours on Tuesday, hitting $13.40. 14,984,720 shares of the stock were exchanged, compared to its average volume of 17,303,025. The company has a market capitalization of $19.57 billion, a P/E ratio of 10.89, a price-to-earnings-growth ratio of 1.33 and a beta of 0.89. The company has a quick ratio of 0.88, a current ratio of 0.89 and a debt-to-equity ratio of 0.92. The company's 50 day moving average is $15.06 and its two-hundred day moving average is $16.03. Huntington Bancshares has a twelve month low of $11.92 and a twelve month high of $18.45.

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Huntington Bancshares Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 18th were paid a dividend of $0.155 per share. This represents a $0.62 annualized dividend and a dividend yield of 4.63%. The ex-dividend date was Tuesday, March 18th. Huntington Bancshares's dividend payout ratio (DPR) is presently 50.41%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Piper Sandler lowered their price objective on Huntington Bancshares from $17.50 to $17.00 and set an "underweight" rating for the company in a research report on Tuesday, January 21st. Baird R W raised shares of Huntington Bancshares from a "hold" rating to a "strong-buy" rating in a research note on Friday, March 7th. Morgan Stanley cut their price objective on shares of Huntington Bancshares from $22.00 to $20.00 and set an "overweight" rating on the stock in a report on Thursday, March 13th. Truist Financial lifted their target price on shares of Huntington Bancshares from $19.00 to $21.00 and gave the stock a "buy" rating in a report on Tuesday, January 21st. Finally, Robert W. Baird upgraded Huntington Bancshares from a "neutral" rating to an "outperform" rating and set a $18.00 price target on the stock in a research report on Friday, March 7th. One equities research 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 stock. According to MarketBeat.com, Huntington Bancshares has an average rating of "Moderate Buy" and a consensus price target of $17.94.

Insider Buying and Selling

In related news, VP Brendan A. Lawlor sold 3,521 shares of the firm's stock in a transaction on Monday, March 24th. The shares were sold at an average price of $15.25, for a total transaction of $53,695.25. Following the sale, the vice president now directly owns 47,950 shares in the company, valued at $731,237.50. This trade represents a 6.84 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Scott D. Kleinman sold 69,088 shares of the company's stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $14.67, for a total transaction of $1,013,520.96. Following the completion of the transaction, 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. In the last three months, insiders sold 111,781 shares of company stock valued at $1,631,151. 0.89% of the stock is owned by corporate insiders.

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.