Huntington Bancshares Incorporated (NASDAQ:HBAN) – Analysts at Jefferies Financial Group upped their FY2018 EPS estimates for Huntington Bancshares in a research report issued to clients and investors on Tuesday, January 8th. Jefferies Financial Group analyst K. Usdin now anticipates that the bank will post earnings per share of $1.25 for the year, up from their prior forecast of $1.24. Jefferies Financial Group also issued estimates for Huntington Bancshares’ Q4 2018 earnings at $0.34 EPS, Q1 2019 earnings at $0.32 EPS, Q4 2019 earnings at $0.36 EPS and FY2019 earnings at $1.37 EPS.

Huntington Bancshares (NASDAQ:HBAN) last announced its earnings results on Tuesday, October 23rd. The bank reported $0.33 EPS for the quarter, beating the Zacks’ consensus estimate of $0.32 by $0.01. The firm had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.15 billion. Huntington Bancshares had a net margin of 29.13% and a return on equity of 13.73%. The company’s quarterly revenue was up 4.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.25 EPS.

Other equities analysts have also recently issued research reports about the stock. Raymond James dropped their price target on shares of Huntington Bancshares from $17.00 to $16.00 and set a “buy” rating on the stock in a research note on Wednesday, October 24th. Zacks Investment Research upgraded shares of Huntington Bancshares from a “hold” rating to a “buy” rating and set a $17.00 price target on the stock in a research note on Thursday, October 4th. Vining Sparks reiterated a “buy” rating and issued a $19.00 price target on shares of Huntington Bancshares in a research note on Tuesday, October 9th. BidaskClub upgraded shares of Huntington Bancshares from a “sell” rating to a “hold” rating in a research note on Monday, October 8th. Finally, Morgan Stanley reiterated a “hold” rating and issued a $17.50 price target (down previously from $17.75) on shares of Huntington Bancshares in a research note on Tuesday, September 18th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have given a buy rating to the stock. Huntington Bancshares currently has a consensus rating of “Hold” and a consensus price target of $16.97.

Shares of Huntington Bancshares stock opened at $12.63 on Friday. The stock has a market capitalization of $13.43 billion, a P/E ratio of 12.89, a PEG ratio of 0.63 and a beta of 1.35. Huntington Bancshares has a 1 year low of $11.12 and a 1 year high of $16.60. The company has a current ratio of 0.90, a quick ratio of 0.89 and a debt-to-equity ratio of 0.96.

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 2nd. Shareholders of record on Tuesday, December 18th were paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 4.43%. The ex-dividend date was Monday, December 17th. Huntington Bancshares’s dividend payout ratio is currently 57.14%.

In other Huntington Bancshares news, CEO Stephen D. Steinour purchased 17,493 shares of Huntington Bancshares stock in a transaction dated Thursday, October 25th. The stock was purchased at an average price of $13.48 per share, with a total value of $235,805.64. Following the transaction, the chief executive officer now directly owns 4,768,399 shares of the company’s stock, valued at $64,278,018.52. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, insider Helga Houston sold 42,608 shares of the company’s stock in a transaction dated Tuesday, November 13th. The shares were sold at an average price of $14.66, for a total transaction of $624,633.28. The disclosure for this sale can be found here. 1.05% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Moody National Bank Trust Division increased its position in shares of Huntington Bancshares by 43.8% during the 4th quarter. Moody National Bank Trust Division now owns 4,191 shares of the bank’s stock valued at $50,000 after purchasing an additional 1,276 shares during the last quarter. Columbia Asset Management purchased a new stake in shares of Huntington Bancshares during the 3rd quarter valued at about $103,000. NuWave Investment Management LLC increased its position in shares of Huntington Bancshares by 5,991.8% during the 3rd quarter. NuWave Investment Management LLC now owns 8,894 shares of the bank’s stock valued at $133,000 after purchasing an additional 8,748 shares during the last quarter. Donaldson Capital Management LLC purchased a new stake in shares of Huntington Bancshares during the 3rd quarter valued at about $172,000. Finally, Claraphi Advisory Network LLC purchased a new stake in shares of Huntington Bancshares during the 3rd quarter valued at about $172,000. 76.74% of the stock is owned by hedge funds and other institutional investors.

Huntington Bancshares Company Profile

Huntington Bancshares Incorporated operates as a holding company for The Huntington National Bank that provides commercial, small business, consumer, and mortgage banking services. The company operates through four business segments: Consumer and Business Banking, Commercial Banking, Vehicle Finance, and Regional Banking and The Huntington Private Client Group (RBHPCG).

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

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