Huntington Bancshares Incorporated (NASDAQ:HBAN) – Analysts at DA Davidson dropped their FY2020 EPS estimates for shares of Huntington Bancshares in a report released on Friday, September 20th. DA Davidson analyst K. Reevey now expects that the bank will post earnings per share of $1.37 for the year, down from their prior estimate of $1.38. DA Davidson currently has a “Neutral” rating and a $16.00 target price on the stock.
Several other analysts have also weighed in on HBAN. Macquarie lowered Huntington Bancshares from a “neutral” rating to an “underperform” rating and set a $13.78 price objective on the stock. in a research note on Friday, July 12th. Argus started coverage on Huntington Bancshares in a research note on Friday, May 31st. They issued a “hold” rating on the stock. ValuEngine lowered Huntington Bancshares from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd. Raymond James set a $14.00 price target on Huntington Bancshares and gave the company a “buy” rating in a research note on Thursday, August 29th. Finally, BMO Capital Markets lowered Huntington Bancshares from a “market perform” rating to an “underperform” rating and set a $14.00 price target on the stock. in a research note on Monday, July 8th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $15.28.
NASDAQ:HBAN opened at $14.40 on Monday. The stock’s 50-day simple moving average is $13.35 and its 200 day simple moving average is $13.48. The firm has a market capitalization of $15.02 billion, a PE ratio of 12.00, a price-to-earnings-growth ratio of 1.58 and a beta of 1.44. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.86. Huntington Bancshares has a twelve month low of $11.12 and a twelve month high of $16.06.
Huntington Bancshares (NASDAQ:HBAN) last released its quarterly earnings data on Thursday, July 25th. The bank reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.01. The business had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.18 billion. Huntington Bancshares had a return on equity of 14.23% and a net margin of 25.77%. Huntington Bancshares’s revenue was up 5.9% compared to the same quarter last year. During the same period last year, the firm posted $0.30 earnings per share.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 17th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.17%. This is a positive change from Huntington Bancshares’s previous quarterly dividend of $0.14. The ex-dividend date is Monday, September 16th. Huntington Bancshares’s dividend payout ratio (DPR) is presently 50.00%.
In other news, EVP Nancy E. Maloney sold 2,604 shares of Huntington Bancshares stock in a transaction dated Monday, July 29th. The stock was 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 $1,167,100.71. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.22% of the company’s stock.
Institutional investors have recently bought and sold shares of the stock. Cornerstone Advisors Inc. lifted its stake in shares of Huntington Bancshares by 106.5% in the second quarter. Cornerstone Advisors Inc. now owns 2,305 shares of the bank’s stock worth $32,000 after acquiring an additional 1,189 shares during the period. HM Payson & Co. acquired a new position in shares of Huntington Bancshares in the second quarter worth approximately $40,000. CSat Investment Advisory L.P. lifted its stake in shares of Huntington Bancshares by 155.7% in the second quarter. CSat Investment Advisory L.P. now owns 3,759 shares of the bank’s stock worth $52,000 after acquiring an additional 2,289 shares during the period. Bremer Bank National Association acquired a new position in shares of Huntington Bancshares in the first quarter worth approximately $53,000. Finally, Icon Wealth Partners LLC acquired a new position in shares of Huntington Bancshares in the first quarter worth approximately $57,000. 75.13% of the stock is currently owned by 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).