Huntington Bancshares (HBAN) to Release Earnings on Friday

Huntington Bancshares (NASDAQ:HBAN) is expected to be issuing its quarterly earnings data before the market opens on Friday, January 17th. Analysts expect the company to announce earnings of $0.30 per share and revenue of $1,870,670.00 billion for the quarter.

Huntington Bancshares (NASDAQ:HBAN) last posted its quarterly earnings data 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 net margin of 14.19% and a return on equity of 10.72%. The business had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.86 billion. During the same quarter in the previous year, the firm posted $0.36 earnings per share. 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 Stock Up 2.7 %

Shares of HBAN stock traded up $0.45 during trading hours on Wednesday, hitting $17.04. 21,980,047 shares of the company’s stock traded hands, compared to its average volume of 16,795,256. The company has a quick ratio of 0.87, a current ratio of 0.88 and a debt-to-equity ratio of 0.86. The stock has a market cap of $24.76 billion, a price-to-earnings ratio of 16.38, a PEG ratio of 3.42 and a beta of 1.07. The stock’s fifty day simple moving average is $17.09 and its two-hundred day simple moving average is $15.40. Huntington Bancshares has a 12-month low of $12.02 and a 12-month high of $18.44.

Huntington Bancshares Dividend Announcement

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

Analyst Ratings Changes

HBAN has been the topic of a number of analyst reports. DA Davidson upped their price target on shares of Huntington Bancshares from $16.50 to $17.50 and gave the stock a “buy” rating in a research note on Monday, October 21st. Evercore ISI upped their target price on shares of Huntington Bancshares from $17.00 to $18.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. The Goldman Sachs Group raised their price target on shares of Huntington Bancshares from $16.25 to $20.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Barclays upped their price objective on Huntington Bancshares from $17.00 to $19.00 and gave the company an “equal weight” rating in a research report on Monday, January 6th. Finally, Keefe, Bruyette & Woods lifted their target price on Huntington Bancshares from $16.00 to $19.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $17.76.

Insider Activity

In other news, CFO Zachary Jacob Wasserman sold 8,644 shares of Huntington Bancshares stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $17.63, for a total transaction of $152,393.72. Following the transaction, the chief financial officer now directly owns 259,943 shares of the company’s stock, valued at $4,582,795.09. The trade was a 3.22 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Helga Houston sold 6,455 shares of the stock in a transaction that occurred on Wednesday, October 23rd. The stock was sold at an average price of $15.43, for a total transaction of $99,600.65. Following the completion of the sale, the insider now directly owns 558,342 shares of the company’s stock, valued at $8,615,217.06. This represents a 1.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 43,699 shares of company stock valued at $757,356 in the last 90 days. Company insiders own 0.89% of the company’s stock.

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.