Huntington Bancshares Inc. (NASDAQ:HBAN) – Equities research analysts at Jefferies Group issued their Q1 2017 earnings estimates for Huntington Bancshares in a research note issued on Tuesday. Jefferies Group analyst K. Usdin forecasts that the brokerage will earn $0.20 per share for the quarter. Jefferies Group currently has a “Buy” rating on the stock. Jefferies Group also issued estimates for Huntington Bancshares’ Q2 2017 earnings at $0.22 EPS, Q3 2017 earnings at $0.24 EPS and Q4 2017 earnings at $0.24 EPS.

Huntington Bancshares (NASDAQ:HBAN) last posted its earnings results on Thursday, July 21st. The company reported $0.19 EPS for the quarter, missing the Zacks’ consensus estimate of $0.21 by $0.02. Huntington Bancshares had a return on equity of 11.07% and a net margin of 20.85%. During the same period last year, the firm posted $0.23 EPS.

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

A number of other brokerages have also recently weighed in on HBAN. Nomura reaffirmed a “hold” rating on shares of Huntington Bancshares in a research report on Saturday, July 9th. Barclays PLC reaffirmed a “hold” rating on shares of Huntington Bancshares in a research report on Saturday, July 9th. Zacks Investment Research raised shares of Huntington Bancshares from a “sell” rating to a “hold” rating in a research report on Tuesday, July 12th. Deutsche Bank AG reaffirmed a “hold” rating and set a $10.50 price target on shares of Huntington Bancshares in a research report on Monday, June 27th. Finally, JPMorgan Chase & Co. reaffirmed a “hold” rating and set a $9.50 price target on shares of Huntington Bancshares in a research report on Friday, July 22nd. Fifteen analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $11.12.

Shares of Huntington Bancshares (NASDAQ:HBAN) opened at 9.82 on Thursday. The firm has a market cap of $7.85 billion, a PE ratio of 12.59 and a beta of 1.13. The stock’s 50 day moving average price is $9.88 and its 200-day moving average price is $9.70. Huntington Bancshares has a 52-week low of $7.83 and a 52-week high of $11.87.

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 3rd. Stockholders of record on Monday, September 19th were issued a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 2.85%. The ex-dividend date of this dividend was Thursday, September 15th. Huntington Bancshares’s dividend payout ratio (DPR) is presently 35.90%.

In other news, EVP Nicholas G. Stanutz sold 35,350 shares of the stock in a transaction that occurred on Monday, August 22nd. The shares were sold at an average price of $9.64, for a total value of $340,774.00. Following the completion of the transaction, the executive vice president now directly owns 434,650 shares in the company, valued at $4,190,026. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP David S. Anderson sold 9,006 shares of the stock in a transaction that occurred on Monday, August 29th. The shares were sold at an average price of $9.82, for a total transaction of $88,438.92. Following the completion of the transaction, the executive vice president now owns 110,233 shares of the company’s stock, valued at $1,082,488.06. The disclosure for this sale can be found here. 1.65% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of HBAN. Hennessy Advisors Inc. bought a new position in Huntington Bancshares during the third quarter valued at about $247,000. Investment Management of Virginia LLC bought a new position in Huntington Bancshares during the third quarter valued at about $2,121,000. Gulf International Bank UK Ltd boosted its position in Huntington Bancshares by 36.0% in the third quarter. Gulf International Bank UK Ltd now owns 327,523 shares of the company’s stock valued at $3,229,000 after buying an additional 86,751 shares during the period. Prospera Financial Services Inc boosted its position in Huntington Bancshares by 14.9% in the third quarter. Prospera Financial Services Inc now owns 25,433 shares of the company’s stock valued at $251,000 after buying an additional 3,295 shares during the period. Finally, Nisa Investment Advisors LLC boosted its position in Huntington Bancshares by 681.4% in the third quarter. Nisa Investment Advisors LLC now owns 241,505 shares of the company’s stock valued at $2,381,000 after buying an additional 210,597 shares during the period. Institutional investors and hedge funds own 75.73% of the company’s stock.

Huntington Bancshares Company Profile

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.

5 Day Chart for NASDAQ:HBAN

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