FY2018 Earnings Forecast for Huntington Bancshares Inc. (HBAN) Issued By Jefferies Group
Huntington Bancshares Inc. (NASDAQ:HBAN) – Jefferies Group issued their FY2018 earnings per share estimates for Huntington Bancshares in a research report issued on Friday. Jefferies Group analyst K. Usdin expects that the brokerage will post earnings per share of $0.98 for the year. Jefferies Group has a “Buy” rating on the stock.
A number of other equities research analysts also recently issued reports on the stock. FBR & Co downgraded shares of Huntington Bancshares from an “outperform” rating to a “market perform” rating and set a $11.00 price objective for the company. in a research report on Tuesday. Wedbush began coverage on shares of Huntington Bancshares in a research report on Thursday, October 6th. They set an “outperform” rating and a $12.00 price objective for the company. Zacks Investment Research raised shares of Huntington Bancshares from a “sell” rating to a “hold” rating in a research report on Tuesday, October 4th. Deutsche Bank AG raised shares of Huntington Bancshares from a “hold” rating to a “buy” rating and boosted their price objective for the company from $10.50 to $11.50 in a research report on Wednesday, September 28th. Finally, JPMorgan Chase & Co. restated a “hold” rating and set a $9.50 target price on shares of Huntington Bancshares in a research note on Friday, July 22nd. Fifteen research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. Huntington Bancshares presently has a consensus rating of “Hold” and a consensus target price of $11.12.
Shares of Huntington Bancshares (NASDAQ:HBAN) traded down 0.50% on Monday, hitting $9.97. The stock had a trading volume of 6,066,913 shares. The company has a 50 day moving average price of $9.85 and a 200-day moving average price of $9.69. The stock has a market cap of $7.97 billion, a PE ratio of 12.78 and a beta of 1.13. Huntington Bancshares has a 12 month low of $7.83 and a 12 month high of $11.87.
Huntington Bancshares (NASDAQ:HBAN) last announced its quarterly earnings data on Thursday, July 21st. The company reported $0.19 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.21 by $0.02. Huntington Bancshares had a net margin of 20.85% and a return on equity of 11.07%. During the same period in the prior year, the firm earned $0.23 EPS.
A number of institutional investors have recently modified their holdings of HBAN. Prospera Financial Services Inc increased its position in shares of Huntington Bancshares by 14.9% in the third quarter. Prospera Financial Services Inc now owns 25,433 shares of the company’s stock worth $251,000 after buying an additional 3,295 shares in the last quarter. Nisa Investment Advisors LLC increased its position in shares of Huntington Bancshares by 681.4% in the third quarter. Nisa Investment Advisors LLC now owns 241,505 shares of the company’s stock worth $2,381,000 after buying an additional 210,597 shares in the last quarter. Capstone Asset Management Co. increased its position in shares of Huntington Bancshares by 1.1% in the third quarter. Capstone Asset Management Co. now owns 57,655 shares of the company’s stock worth $568,000 after buying an additional 610 shares in the last quarter. Fox Run Management L.L.C. bought a new position in shares of Huntington Bancshares during the third quarter worth approximately $238,000. Finally, Creative Planning increased its position in shares of Huntington Bancshares by 23.9% in the third quarter. Creative Planning now owns 133,558 shares of the company’s stock worth $1,317,000 after buying an additional 25,764 shares in the last quarter. Institutional investors and hedge funds own 75.73% of the company’s stock.
In other Huntington Bancshares news, EVP David S. Anderson sold 9,006 shares of the company’s stock in a transaction dated Monday, August 29th. The shares were sold at an average price of $9.82, for a total value of $88,438.92. Following the transaction, the executive vice president now directly owns 110,233 shares in the company, valued at approximately $1,082,488.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Nicholas G. Stanutz sold 35,350 shares of the company’s stock in a transaction dated Monday, August 22nd. The stock was sold at an average price of $9.64, for a total transaction of $340,774.00. Following the completion of the transaction, the executive vice president now owns 434,650 shares in the company, valued at $4,190,026. The disclosure for this sale can be found here. 1.65% of the stock is currently owned by company insiders.
The business also recently announced a quarterly dividend, which was paid on Monday, October 3rd. Shareholders of record on Monday, September 19th were paid a $0.07 dividend. The ex-dividend date of this dividend was Thursday, September 15th. This represents a $0.28 dividend on an annualized basis and a yield of 2.81%. Huntington Bancshares’s dividend payout ratio is currently 35.90%.
About Huntington Bancshares
Huntington Bancshares Incorporated is a diversified regional bank holding company. Through its subsidiaries, including its bank subsidiary, The Huntington National Bank (the Bank), the Company is engaged in providing commercial, small business, consumer banking services, mortgage banking services, automobile financing, equipment leasing, investment management, trust services, brokerage services, customized insurance programs, and other financial products and services.
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