Analysts Anticipate Huntington Bancshares Incorporated (NASDAQ:HBAN) to Post $0.33 EPS
Brokerages forecast that Huntington Bancshares Incorporated (NASDAQ:HBAN) will post earnings per share (EPS) of $0.33 for the current quarter, Zacks reports. Six analysts have made estimates for Huntington Bancshares’ earnings, with the lowest EPS estimate coming in at $0.31 and the highest estimate coming in at $0.34. Huntington Bancshares also reported earnings per share of $0.33 during the same quarter last year. The company is scheduled to announce its next earnings report on Tuesday, October 22nd.
On average, analysts expect that Huntington Bancshares will report full year earnings of $1.30 per share for the current financial year, with EPS estimates ranging from $1.26 to $1.32. For the next fiscal year, analysts forecast that the company will post earnings of $1.34 per share, with EPS estimates ranging from $1.30 to $1.39. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Huntington Bancshares.
Huntington Bancshares (NASDAQ:HBAN) last announced its earnings results on Thursday, July 25th. The bank reported $0.33 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.01. The firm had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.18 billion. Huntington Bancshares had a net margin of 25.77% and a return on equity of 14.23%. The company’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.30 EPS.
NASDAQ HBAN traded up $0.03 on Wednesday, reaching $12.93. The company had a trading volume of 6,225,151 shares, compared to its average volume of 11,411,852. The firm has a market capitalization of $13.39 billion, a price-to-earnings ratio of 10.78, a price-to-earnings-growth ratio of 1.41 and a beta of 1.40. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.90 and a current ratio of 0.90. Huntington Bancshares has a 1-year low of $11.12 and a 1-year high of $16.52. The company’s fifty day moving average is $13.57 and its 200-day moving average is $13.53.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 17th will be given a dividend of $0.15 per share. This is a boost from Huntington Bancshares’s previous quarterly dividend of $0.14. This represents a $0.60 annualized dividend and a yield of 4.64%. Huntington Bancshares’s payout ratio is 46.67%.
In other Huntington Bancshares news, EVP Nancy E. Maloney sold 2,604 shares of the business’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $14.57, for a total transaction of $37,940.28. Following the sale, the executive vice president now directly owns 80,103 shares of the company’s stock, valued at approximately $1,167,100.71. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 1.22% of the company’s stock.
A number of large investors have recently modified their holdings of HBAN. Cornerstone Advisors Inc. lifted its position in Huntington Bancshares by 106.5% during the 2nd quarter. Cornerstone Advisors Inc. now owns 2,305 shares of the bank’s stock worth $32,000 after buying an additional 1,189 shares in the last quarter. Trustcore Financial Services LLC bought a new stake in shares of Huntington Bancshares in the 1st quarter valued at about $39,000. HM Payson & Co. bought a new stake in shares of Huntington Bancshares in the 2nd quarter valued at about $40,000. Destination Wealth Management bought a new stake in shares of Huntington Bancshares in the 1st quarter valued at about $46,000. Finally, CSat Investment Advisory L.P. raised its holdings in shares of Huntington Bancshares by 155.7% in the 2nd quarter. CSat Investment Advisory L.P. now owns 3,759 shares of the bank’s stock valued at $52,000 after purchasing an additional 2,289 shares during the period. 75.94% of the stock is currently owned by hedge funds and other institutional investors.
About Huntington Bancshares
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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