DA Davidson Has Positive Outlook for HBAN FY2025 Earnings

Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) - Investment analysts at DA Davidson upped their FY2025 earnings estimates for Huntington Bancshares in a research report issued on Monday, November 11th. DA Davidson analyst P. Winter now expects that the bank will post earnings per share of $1.37 for the year, up from their previous forecast of $1.34. DA Davidson currently has a "Buy" rating and a $17.50 target price 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 posted its quarterly earnings data on Thursday, October 17th. The bank reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.03. Huntington Bancshares had a return on equity of 10.72% and a net margin of 14.19%. The company had revenue of $1.89 billion for the quarter, compared to analysts' expectations of $1.86 billion. During the same period in the previous year, the firm posted $0.36 EPS.

Other equities research analysts have also issued research reports about the stock. Citigroup upped their target price on shares of Huntington Bancshares from $17.00 to $18.00 and gave the stock a "buy" rating in a report on Monday, July 22nd. Sandler O'Neill reaffirmed a "buy" rating on shares of Huntington Bancshares in a research note on Friday, October 18th. StockNews.com raised shares of Huntington Bancshares from a "sell" rating to a "hold" rating in a research note on Friday, October 18th. Royal Bank of Canada restated an "outperform" rating and issued a $17.00 target price on shares of Huntington Bancshares in a report on Friday, October 18th. Finally, Morgan Stanley lifted their target price on shares of Huntington Bancshares from $16.00 to $18.00 and gave the stock an "overweight" rating in a research note on Monday, August 5th. One analyst has rated the stock with a sell rating, six have issued a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Huntington Bancshares presently has a consensus rating of "Moderate Buy" and a consensus target price of $16.09.

Huntington Bancshares Price Performance

Shares of HBAN traded down $0.10 during trading hours on Wednesday, hitting $17.54. 13,395,415 shares of the stock were exchanged, compared to its average volume of 16,116,457. The stock's 50-day moving average price is $15.26 and its two-hundred day moving average price is $14.27. Huntington Bancshares has a 12-month low of $10.55 and a 12-month high of $17.97. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.87 and a current ratio of 0.88. The company has a market cap of $25.48 billion, a price-to-earnings ratio of 16.87, a price-to-earnings-growth ratio of 3.58 and a beta of 1.03.

Institutional Trading of Huntington Bancshares

Large investors have recently made changes to their positions in the company. Lazard Asset Management LLC grew its holdings in Huntington Bancshares by 251,152.2% during the 1st quarter. Lazard Asset Management LLC now owns 173,364 shares of the bank's stock worth $2,417,000 after acquiring an additional 173,295 shares in the last quarter. CANADA LIFE ASSURANCE Co lifted its position in shares of Huntington Bancshares by 53.6% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 1,617,730 shares of the bank's stock worth $22,577,000 after purchasing an additional 564,729 shares during the last quarter. Heritage Wealth Management Inc. acquired a new position in shares of Huntington Bancshares during the second quarter worth $744,000. Robeco Institutional Asset Management B.V. increased its holdings in Huntington Bancshares by 40.7% in the third quarter. Robeco Institutional Asset Management B.V. now owns 192,984 shares of the bank's stock valued at $2,837,000 after buying an additional 55,865 shares during the last quarter. Finally, SG Americas Securities LLC boosted its position in shares of Huntington Bancshares by 531.0% during the 2nd quarter. SG Americas Securities LLC now owns 1,150,690 shares of the bank's stock worth $15,166,000 after acquiring an additional 968,331 shares in the last quarter. 80.72% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Huntington Bancshares

In other Huntington Bancshares news, insider Helga Houston sold 6,455 shares of the company's stock in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of $15.43, for a total transaction of $99,600.65. Following the sale, the insider now owns 558,342 shares in the company, valued at $8,615,217.06. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.89% of the stock is currently owned by company insiders.

Huntington Bancshares Announces Dividend

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 paid a $0.155 dividend. This represents a $0.62 annualized dividend and a dividend yield of 3.53%. The ex-dividend date is Wednesday, December 18th. Huntington Bancshares's payout ratio is currently 59.62%.

About Huntington Bancshares

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.