Huntington Bancshares (HBAN) to Release Quarterly Earnings on Friday

Huntington Bancshares (NASDAQ:HBAN) will likely be releasing its earnings data before the market opens on Friday, January 17th. Analysts expect Huntington Bancshares to post earnings of $0.30 per share and revenue of $1,870,670.00 billion for the quarter.

Huntington Bancshares (NASDAQ:HBAN) last issued its earnings results on Thursday, October 17th. The bank reported $0.33 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 business had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $1.86 billion. During the same quarter last year, the company earned $0.36 EPS. On average, analysts expect Huntington Bancshares to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Huntington Bancshares Price Performance

Shares of HBAN traded up $0.45 during midday trading on Wednesday, hitting $17.04. 21,980,047 shares of the company traded hands, compared to its average volume of 16,795,256. Huntington Bancshares has a one year low of $12.02 and a one year high of $18.44. The firm has a market cap of $24.76 billion, a P/E ratio of 16.38, a PEG ratio of 3.42 and a beta of 1.07. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.88 and a quick ratio of 0.87. The stock has a 50-day moving average of $17.09 and a 200-day moving average of $15.40.

Huntington Bancshares Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Wednesday, December 18th were issued a dividend of $0.155 per share. This represents a $0.62 dividend on an annualized basis and a yield of 3.64%. The ex-dividend date of this dividend was Wednesday, December 18th. Huntington Bancshares’s dividend payout ratio (DPR) is presently 59.62%.

Insider Transactions at Huntington Bancshares

In other news, VP Scott D. Kleinman sold 28,600 shares of Huntington Bancshares stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $17.67, for a total value of $505,362.00. Following the sale, the vice president now directly owns 496,076 shares in the company, valued at approximately $8,765,662.92. This trade represents a 5.45 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Helga Houston sold 6,455 shares of the company’s stock in a transaction that occurred on Wednesday, October 23rd. The shares were sold at an average price of $15.43, for a total value of $99,600.65. Following the transaction, the insider now owns 558,342 shares of the company’s stock, valued at approximately $8,615,217.06. This represents a 1.14 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 43,699 shares of company stock worth $757,356. Insiders own 0.89% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on HBAN shares. Keefe, Bruyette & Woods raised their price target on shares of Huntington Bancshares from $16.00 to $19.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. Citigroup boosted their target price on Huntington Bancshares from $18.00 to $21.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Piper Sandler lifted their price target on Huntington Bancshares from $15.00 to $17.50 and gave the company an “underweight” rating in a research report on Tuesday, December 3rd. Royal Bank of Canada restated an “outperform” rating and issued a $20.00 price objective on shares of Huntington Bancshares in a research report on Monday, December 23rd. Finally, DA Davidson raised their target price on shares of Huntington Bancshares from $16.50 to $17.50 and gave the company a “buy” rating in a research note on Monday, October 21st. One analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $17.76.

Huntington Bancshares Company Profile

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.