Huntington Bancshares Incorporated (NASDAQ:HBAN) – Stock analysts at Piper Jaffray Companies lowered their Q2 2019 earnings per share estimates for Huntington Bancshares in a research note issued to investors on Tuesday, May 14th. Piper Jaffray Companies analyst K. Barker now expects that the bank will post earnings per share of $0.31 for the quarter, down from their previous forecast of $0.32. Piper Jaffray Companies also issued estimates for Huntington Bancshares’ Q2 2020 earnings at $0.34 EPS.

HBAN has been the subject of a number of other research reports. ValuEngine downgraded shares of Huntington Bancshares from a “hold” rating to a “sell” rating in a research report on Wednesday. Zacks Investment Research raised shares of Huntington Bancshares from a “sell” rating to a “hold” rating in a research report on Monday, May 6th. BidaskClub raised shares of Huntington Bancshares from a “strong sell” rating to a “sell” rating in a research report on Saturday, January 19th. Jefferies Financial Group downgraded shares of Huntington Bancshares from a “buy” rating to a “hold” rating and set a $14.00 price objective for the company. in a research report on Monday, January 28th. Finally, Vining Sparks reissued a “buy” rating and issued a $18.00 price objective on shares of Huntington Bancshares in a research report on Thursday, January 24th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company. Huntington Bancshares presently has a consensus rating of “Hold” and a consensus price target of $16.10.

Huntington Bancshares stock opened at $12.97 on Thursday. The firm has a market capitalization of $13.57 billion, a P/E ratio of 10.81, a price-to-earnings-growth ratio of 1.10 and a beta of 1.37. Huntington Bancshares has a 1-year low of $11.12 and a 1-year high of $16.52. The company has a quick ratio of 0.89, a current ratio of 0.90 and a debt-to-equity ratio of 0.92.

Huntington Bancshares (NASDAQ:HBAN) last released its earnings results on Thursday, April 25th. The bank reported $0.32 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.32. The business had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.16 billion. Huntington Bancshares had a net margin of 26.24% and a return on equity of 14.20%. The firm’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.28 earnings per share.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Monday, June 17th will be given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 4.32%. The ex-dividend date is Friday, June 14th. Huntington Bancshares’s dividend payout ratio (DPR) is presently 46.67%.

In other news, Director Kathleen H. Ransier sold 3,067 shares of Huntington Bancshares stock in a transaction dated Wednesday, February 27th. The shares were sold at an average price of $14.30, for a total value of $43,858.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Richard Remiker sold 18,386 shares of Huntington Bancshares stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $14.02, for a total transaction of $257,771.72. Following the completion of the transaction, the executive vice president now directly owns 357,085 shares of the company’s stock, valued at approximately $5,006,331.70. The disclosure for this sale can be found here. In the last three months, insiders sold 41,453 shares of company stock valued at $581,030. Insiders own 1.22% of the company’s stock.

Several hedge funds have recently made changes to their positions in HBAN. HC Financial Advisors Inc. boosted its holdings in shares of Huntington Bancshares by 11.3% during the 3rd quarter. HC Financial Advisors Inc. now owns 147,049 shares of the bank’s stock worth $2,194,000 after buying an additional 14,965 shares during the period. Nordea Investment Management AB boosted its holdings in shares of Huntington Bancshares by 4.5% during the 3rd quarter. Nordea Investment Management AB now owns 362,555 shares of the bank’s stock worth $5,407,000 after buying an additional 15,486 shares during the period. Legal & General Group Plc boosted its holdings in shares of Huntington Bancshares by 2.7% during the 3rd quarter. Legal & General Group Plc now owns 4,860,345 shares of the bank’s stock worth $72,516,000 after buying an additional 127,962 shares during the period. State of Alaska Department of Revenue boosted its holdings in shares of Huntington Bancshares by 3.3% during the 4th quarter. State of Alaska Department of Revenue now owns 168,967 shares of the bank’s stock worth $2,013,000 after buying an additional 5,441 shares during the period. Finally, QUANTRES ASSET MANAGEMENT Ltd bought a new stake in shares of Huntington Bancshares during the 4th quarter worth about $163,000. 77.97% of the stock is owned by institutional investors and hedge funds.

Huntington Bancshares Company Profile

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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Earnings History and Estimates for Huntington Bancshares (NASDAQ:HBAN)

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