Huntington Bancshares Incorporated (NASDAQ:HBAN) – Investment analysts at DA Davidson lifted their FY2017 earnings per share estimates for Huntington Bancshares in a research report issued on Wednesday. DA Davidson analyst K. Reevey now expects that the bank will post earnings per share of $0.99 for the year, up from their prior estimate of $0.93. DA Davidson also issued estimates for Huntington Bancshares’ Q1 2018 earnings at $0.26 EPS, Q2 2018 earnings at $0.27 EPS, Q3 2018 earnings at $0.29 EPS, Q4 2018 earnings at $0.30 EPS and FY2019 earnings at $1.23 EPS.
Other research analysts also recently issued reports about the company. Deutsche Bank AG reaffirmed a “buy” rating on shares of Huntington Bancshares in a report on Monday, July 3rd. Royal Bank Of Canada reissued a “buy” rating and issued a $16.00 price objective on shares of Huntington Bancshares in a research report on Friday, September 8th. Hilliard Lyons raised Huntington Bancshares from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $14.00 to $15.00 in a research report on Monday, July 24th. Instinet reissued a “buy” rating and issued a $16.00 price objective (up from $15.00) on shares of Huntington Bancshares in a research report on Wednesday, July 12th. Finally, Piper Jaffray Companies reissued a “buy” rating and issued a $15.50 price objective on shares of Huntington Bancshares in a research report on Tuesday, October 17th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have issued a buy rating to the company. Huntington Bancshares currently has an average rating of “Buy” and an average price target of $15.22.
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Shares of Huntington Bancshares (NASDAQ HBAN) opened at 13.94 on Friday. Huntington Bancshares has a 12 month low of $10.07 and a 12 month high of $14.74. The stock has a 50 day moving average of $13.60 and a 200 day moving average of $13.17. The stock has a market cap of $15.19 billion, a PE ratio of 19.31 and a beta of 1.38.
Huntington Bancshares (NASDAQ:HBAN) last announced its quarterly earnings results on Wednesday, October 25th. The bank reported $0.23 earnings per share for the quarter, missing the 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 analysts’ expectations of $1.10 billion. During the same period in the previous year, the company posted $0.11 EPS.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Monday, December 18th will be given a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 3.16%. This is a positive change from Huntington Bancshares’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend is Friday, December 15th. Huntington Bancshares’s payout ratio is presently 39.51%.
In related news, EVP Nicholas G. Stanutz sold 16,000 shares of the business’s stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $12.71, for a total value of $203,360.00. Following the completion of the sale, the executive vice president now directly 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 Securities & Exchange Commission, which is accessible through this link. Insiders own 1.30% of the company’s stock.
Institutional investors have recently modified their holdings of the stock. Sun Life Financial INC increased its position in Huntington Bancshares by 99,812.5% in the 2nd quarter. Sun Life Financial INC now owns 7,993 shares of the bank’s stock valued at $108,000 after buying an additional 7,985 shares in the last quarter. Chicago Partners Investment Group LLC bought a new stake in Huntington Bancshares in the 2nd quarter valued at about $134,000. YG Partners LLC bought a new stake in Huntington Bancshares in the 1st quarter valued at about $2,039,000. Verition Fund Management LLC acquired a new position in Huntington Bancshares during the 2nd quarter valued at about $139,000. Finally, Bronfman E.L. Rothschild L.P. boosted its stake in Huntington Bancshares by 8.7% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 10,382 shares of the bank’s stock valued at $140,000 after purchasing an additional 834 shares during the last quarter. 74.01% of the stock is owned by institutional investors and hedge funds.
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.
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