Huntington Bancshares (HBAN) Set to Announce Quarterly Earnings on Thursday

Huntington Bancshares (NASDAQ:HBAN) will release its earnings data before the market opens on Thursday, October 17th. Analysts expect Huntington Bancshares to post earnings of $0.30 per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

Huntington Bancshares (NASDAQ:HBAN) last announced its quarterly earnings results on Friday, July 19th. The bank reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.02. The firm had revenue of $2.97 billion during the quarter, compared to the consensus estimate of $1.81 billion. Huntington Bancshares had a net margin of 14.77% and a return on equity of 11.34%. During the same period last year, the firm posted $0.35 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 Stock Performance

NASDAQ HBAN opened at $15.52 on Tuesday. The firm has a market cap of $22.49 billion, a price-to-earnings ratio of 13.98, a PEG ratio of 2.77 and a beta of 1.04. The company has a current ratio of 0.89, a quick ratio of 0.88 and a debt-to-equity ratio of 0.96. Huntington Bancshares has a 1-year low of $9.25 and a 1-year high of $15.58. The company has a 50 day moving average of $14.40 and a 200-day moving average of $13.89.

Huntington Bancshares Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 17th were paid a $0.155 dividend. The ex-dividend date was Tuesday, September 17th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 3.99%. Huntington Bancshares’s dividend payout ratio (DPR) is presently 55.86%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on HBAN shares. StockNews.com cut Huntington Bancshares from a “hold” rating to a “sell” rating in a research note on Monday, September 2nd. Morgan Stanley boosted their price objective on Huntington Bancshares from $16.00 to $18.00 and gave the stock an “overweight” rating in a report on Monday, August 5th. Jefferies Financial Group reduced their target price on shares of Huntington Bancshares from $16.00 to $15.00 and set a “buy” rating on the stock in a research note on Wednesday, July 3rd. Baird R W downgraded shares of Huntington Bancshares from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 26th. Finally, Argus lifted their target price on shares of Huntington Bancshares from $15.00 to $16.00 and gave the stock a “buy” rating in a report on Monday, July 22nd. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $15.71.

Insider Buying and Selling at Huntington Bancshares

In other Huntington Bancshares news, VP Brendan A. Lawlor sold 9,050 shares of the business’s stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $15.06, for a total transaction of $136,293.00. Following the transaction, the vice president now owns 11,111 shares of the company’s stock, valued at $167,331.66. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, VP Brendan A. Lawlor sold 9,050 shares of the firm’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $15.06, for a total transaction of $136,293.00. Following the completion of the sale, the vice president now owns 11,111 shares in the company, valued at approximately $167,331.66. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Nancy E. Maloney sold 57,537 shares of the stock in a transaction dated Tuesday, July 23rd. The shares were sold at an average price of $15.15, for a total transaction of $871,685.55. Following the completion of the transaction, the vice president now directly owns 69,595 shares in the company, valued at approximately $1,054,364.25. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 116,622 shares of company stock worth $1,762,904 over the last quarter. 0.89% of the stock is currently owned by insiders.

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.