Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) - Equities researchers at DA Davidson issued their Q4 2024 EPS estimates for Huntington Bancshares in a research report issued on Tuesday, October 22nd. DA Davidson analyst P. Winter expects that the bank will post earnings of $0.30 per share for the quarter. DA Davidson currently has a "Buy" rating and a $17.50 price target on the stock. The consensus estimate for Huntington Bancshares' current full-year earnings is $1.18 per share. DA Davidson also issued estimates for Huntington Bancshares' FY2025 earnings at $1.34 EPS.
Huntington Bancshares (NASDAQ:HBAN - Get Free Report) last issued its earnings results on Thursday, October 17th. The bank reported $0.33 EPS for the quarter, beating the consensus estimate of $0.30 by $0.03. Huntington Bancshares had a net margin of 14.77% and a return on equity of 11.34%. The firm 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 firm earned $0.36 earnings per share.
A number of other research analysts also recently weighed in on the stock. StockNews.com raised shares of Huntington Bancshares from a "sell" rating to a "hold" rating in a research report on Friday, October 18th. Argus raised their target price on shares of Huntington Bancshares from $15.00 to $16.00 and gave the stock a "buy" rating in a research note on Monday, July 22nd. Baird R W cut shares of Huntington Bancshares from a "strong-buy" rating to a "hold" rating in a research note on Friday, July 26th. Royal Bank of Canada restated an "outperform" rating and issued a $17.00 target price on shares of Huntington Bancshares in a research report on Friday, October 18th. Finally, Jefferies Financial Group dropped their target price on shares of Huntington Bancshares from $16.00 to $15.00 and set a "buy" rating for the company in a research report on Wednesday, July 3rd. One research analyst has rated the stock with a sell rating, seven have given a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $16.03.
Check Out Our Latest Report on Huntington Bancshares
Huntington Bancshares Price Performance
Shares of NASDAQ:HBAN remained flat at $15.54 during midday trading on Wednesday. 10,153,111 shares of the company were exchanged, compared to its average volume of 16,219,765. The firm has a market cap of $22.52 billion, a price-to-earnings ratio of 14.00, a PEG ratio of 2.77 and a beta of 1.04. Huntington Bancshares has a fifty-two week low of $9.25 and a fifty-two week high of $16.03. The stock's fifty day moving average price is $14.64 and its two-hundred day moving average price is $13.96. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.88 and a current ratio of 0.89.
Huntington Bancshares Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Wednesday, December 18th will be given a $0.155 dividend. This represents a $0.62 dividend on an annualized basis and a yield of 3.99%. The ex-dividend date of this dividend is Wednesday, December 18th. Huntington Bancshares's dividend payout ratio (DPR) is 55.86%.
Insider Buying and Selling at Huntington Bancshares
In other Huntington Bancshares news, insider Helga Houston sold 11,288 shares of the company's stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $15.02, for a total value of $169,545.76. Following the completion of the transaction, the insider now directly owns 618,832 shares in the company, valued at $9,294,856.64. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, insider Helga Houston sold 11,288 shares of the stock in a transaction on Monday, July 29th. The stock was sold at an average price of $15.02, for a total transaction of $169,545.76. Following the transaction, the insider now owns 618,832 shares of the company's stock, valued at approximately $9,294,856.64. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Brendan A. Lawlor sold 9,050 shares of the stock in a transaction on Monday, July 29th. The stock was sold at an average price of $15.06, for a total value of $136,293.00. Following the transaction, the vice president now directly owns 11,111 shares in the company, valued at $167,331.66. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.89% of the company's stock.
Institutional Trading of Huntington Bancshares
Large investors have recently made changes to their positions in the company. Asset Dedication LLC lifted its stake in Huntington Bancshares by 200.7% during the 3rd quarter. Asset Dedication LLC now owns 1,801 shares of the bank's stock worth $26,000 after acquiring an additional 1,202 shares in the last quarter. Peoples Bank KS acquired a new stake in Huntington Bancshares during the 3rd quarter worth approximately $29,000. Future Financial Wealth Managment LLC acquired a new stake in Huntington Bancshares during the 1st quarter worth approximately $29,000. Hazlett Burt & Watson Inc. lifted its holdings in shares of Huntington Bancshares by 695.5% in the 2nd quarter. Hazlett Burt & Watson Inc. now owns 2,291 shares of the bank's stock valued at $30,000 after buying an additional 2,003 shares during the period. Finally, Register Financial Advisors LLC acquired a new stake in shares of Huntington Bancshares in the 1st quarter valued at approximately $40,000. 80.72% of the stock is currently owned by hedge funds and other institutional investors.
Huntington Bancshares Company Profile
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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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