Huntington Bancshares Incorporated (NASDAQ:HBAN) – Equities research analysts at FBR & Co decreased their Q3 2018 earnings estimates for Huntington Bancshares in a research note issued on Thursday. FBR & Co analyst S. Moss now forecasts that the bank will post earnings per share of $0.26 for the quarter, down from their previous estimate of $0.27. FBR & Co currently has a “Hold” rating and a $14.00 price objective on the stock. FBR & Co also issued estimates for Huntington Bancshares’ Q4 2018 earnings at $0.27 EPS, FY2018 earnings at $1.03 EPS, Q1 2019 earnings at $0.26 EPS, Q2 2019 earnings at $0.28 EPS, Q3 2019 earnings at $0.28 EPS and FY2019 earnings at $1.10 EPS.

Huntington Bancshares (NASDAQ:HBAN) last posted its quarterly earnings results on Wednesday, October 25th. The bank reported $0.23 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.25 by ($0.02). Huntington Bancshares had a return on equity of 11.96% and a net margin of 20.76%. The business had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.10 billion. During the same quarter in the previous year, the company earned $0.11 earnings per share. COPYRIGHT VIOLATION WARNING: “FBR & Co Research Analysts Reduce Earnings Estimates for Huntington Bancshares Incorporated (HBAN)” was first posted by TheOlympiaReport and is the property of of TheOlympiaReport. If you are viewing this story on another website, it was copied illegally and republished in violation of United States & international copyright & trademark law. The original version of this story can be accessed at https://theolympiareport.com/2017/11/01/fbr-co-research-analysts-reduce-earnings-estimates-for-huntington-bancshares-incorporated-hban.html.

HBAN has been the subject of a number of other reports. Royal Bank Of Canada restated a “buy” rating and issued a $16.00 price objective on shares of Huntington Bancshares in a research report on Thursday, July 27th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $14.25 price objective on shares of Huntington Bancshares in a research report on Friday, October 13th. BMO Capital Markets restated an “outperform” rating and issued a $15.00 price objective (down from $16.00) on shares of Huntington Bancshares in a research report on Friday, July 21st. Sanford C. Bernstein upgraded Huntington Bancshares from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $15.00 to $17.00 in a research report on Thursday, September 14th. Finally, Hilliard Lyons upgraded Huntington Bancshares from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $14.00 to $15.00 in a research report on Monday, July 24th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $15.22.

Several institutional investors have recently made changes to their positions in HBAN. Teacher Retirement System of Texas lifted its stake in shares of Huntington Bancshares by 3.4% in the 1st quarter. Teacher Retirement System of Texas now owns 11,525 shares of the bank’s stock valued at $154,000 after purchasing an additional 376 shares during the last quarter. Gotham Asset Management LLC lifted its stake in shares of Huntington Bancshares by 88.4% in the 1st quarter. Gotham Asset Management LLC now owns 96,145 shares of the bank’s stock valued at $1,287,000 after purchasing an additional 45,116 shares during the last quarter. Paloma Partners Management Co lifted its stake in shares of Huntington Bancshares by 33.6% in the 1st quarter. Paloma Partners Management Co now owns 84,929 shares of the bank’s stock valued at $1,136,000 after purchasing an additional 21,342 shares during the last quarter. Janus Capital Management LLC lifted its stake in shares of Huntington Bancshares by 179.3% in the 1st quarter. Janus Capital Management LLC now owns 985,668 shares of the bank’s stock valued at $13,198,000 after purchasing an additional 632,702 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. lifted its stake in shares of Huntington Bancshares by 1.7% in the 1st quarter. Nomura Asset Management Co. Ltd. now owns 143,238 shares of the bank’s stock valued at $1,918,000 after purchasing an additional 2,378 shares during the last quarter. 74.06% of the stock is currently owned by institutional investors and hedge funds.

In other news, EVP Nicholas G. Stanutz sold 16,000 shares of the company’s stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $12.71, for a total value of $203,360.00. Following the transaction, the executive vice president now owns 447,722 shares of the company’s stock, valued at approximately $5,690,546.62. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.30% of the company’s stock.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Monday, December 18th will be paid a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 3.19%. The ex-dividend date of this dividend is Friday, December 15th. This is a positive change from Huntington Bancshares’s previous quarterly dividend of $0.08. Huntington Bancshares’s dividend payout ratio is 39.51%.

About Huntington Bancshares

Huntington Bancshares Incorporated (Huntington) is a bank holding company. Through its subsidiaries, including its bank subsidiary, The Huntington National Bank (the Bank), the Company provides commercial and consumer banking services, mortgage banking services, automobile financing, recreational vehicle and marine financing, equipment leasing, investment management, trust services, brokerage services, insurance programs, and other financial products and services.

Earnings History and Estimates for Huntington Bancshares (NASDAQ:HBAN)

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