What is DA Davidson’s Forecast for HBAN Q4 Earnings?

Huntington Bancshares Incorporated (NASDAQ:HBAN) – Investment analysts at DA Davidson issued their Q4 2024 earnings estimates for Huntington Bancshares in a research note issued to investors on Tuesday, October 22nd. DA Davidson analyst P. Winter expects that the bank will post earnings per share of $0.30 for the quarter. DA Davidson has a “Buy” rating and a $17.50 price target on the stock. The consensus estimate for Huntington Bancshares’ current full-year earnings is $1.18 per share. DA Davidson also issued estimates for Huntington Bancshares’ FY2025 earnings at $1.34 EPS.

A number of other equities analysts have also commented on HBAN. Robert W. Baird lowered shares of Huntington Bancshares from an “outperform” rating to a “neutral” rating and set a $15.00 price objective for the company. in a research note on Friday, July 26th. Barclays raised their target price on Huntington Bancshares from $15.00 to $17.00 and gave the stock an “equal weight” rating in a research report on Friday, October 18th. Keefe, Bruyette & Woods dropped their price target on Huntington Bancshares from $15.00 to $14.50 and set a “market perform” rating on the stock in a research report on Tuesday, July 9th. Argus raised their price objective on Huntington Bancshares from $15.00 to $16.00 and gave the stock a “buy” rating in a research report on Monday, July 22nd. Finally, Morgan Stanley upped their target price on Huntington Bancshares from $16.00 to $18.00 and gave the company an “overweight” rating in a report on Monday, August 5th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $16.03.

Huntington Bancshares Stock Performance

Huntington Bancshares stock opened at $15.54 on Wednesday. Huntington Bancshares has a fifty-two week low of $9.25 and a fifty-two week high of $16.03. The firm’s 50 day simple moving average is $14.64 and its 200-day simple moving average is $13.96. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.89 and a quick ratio of 0.88. The company has a market cap of $22.52 billion, a P/E ratio of 14.00, a price-to-earnings-growth ratio of 2.77 and a beta of 1.04.

Huntington Bancshares (NASDAQ:HBAN) last issued its quarterly earnings results on Thursday, October 17th. The bank reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.03. Huntington Bancshares had a return on equity of 11.34% and a net margin of 14.77%. The firm had revenue of $1.89 billion for the quarter, compared to analysts’ expectations of $1.86 billion. During the same quarter last year, the business posted $0.36 EPS.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Wellington Management Group LLP grew its position in Huntington Bancshares by 64.2% during the fourth quarter. Wellington Management Group LLP now owns 304,829 shares of the bank’s stock worth $3,877,000 after buying an additional 119,178 shares in the last quarter. Park Avenue Securities LLC grew its stake in Huntington Bancshares by 1.3% during the first quarter. Park Avenue Securities LLC now owns 63,098 shares of the bank’s stock worth $880,000 after buying an additional 794 shares during the last quarter. &PARTNERS acquired a new stake in Huntington Bancshares during the 1st quarter valued at $146,000. Ballentine Partners LLC raised its holdings in shares of Huntington Bancshares by 16.0% in the first quarter. Ballentine Partners LLC now owns 17,940 shares of the bank’s stock valued at $250,000 after buying an additional 2,475 shares during the last quarter. Finally, Brookstone Capital Management acquired a new position in shares of Huntington Bancshares during the first quarter worth approximately $9,712,000. 80.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Huntington Bancshares

In related 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 value of $136,293.00. Following the completion of the sale, the vice president now directly owns 11,111 shares in the company, valued at approximately $167,331.66. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, insider Helga Houston sold 11,288 shares of Huntington Bancshares stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $15.02, for a total value of $169,545.76. Following the transaction, the insider now directly owns 618,832 shares in the company, valued at approximately $9,294,856.64. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Brendan A. Lawlor sold 9,050 shares of the stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $15.06, for a total value of $136,293.00. Following the sale, the vice president now owns 11,111 shares of the company’s stock, valued at approximately $167,331.66. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.89% of the company’s stock.

Huntington Bancshares Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Wednesday, December 18th will be given a dividend of $0.155 per share. This represents a $0.62 annualized dividend and a yield of 3.99%. The ex-dividend date of this dividend is Wednesday, December 18th. Huntington Bancshares’s payout ratio is 55.86%.

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.