Equities research analysts expect Huntington Bancshares Incorporated (NASDAQ:HBAN) to report sales of $1.69 billion for the current fiscal quarter, according to Zacks Investment Research. Four analysts have made estimates for Huntington Bancshares’ earnings, with the highest sales estimate coming in at $1.72 billion and the lowest estimate coming in at $1.67 billion. Huntington Bancshares reported sales of $1.25 billion during the same quarter last year, which would suggest a positive year over year growth rate of 35.2%. The business is expected to issue its next quarterly earnings results on Thursday, October 28th.
On average, analysts expect that Huntington Bancshares will report full-year sales of $6.05 billion for the current fiscal year, with estimates ranging from $5.94 billion to $6.14 billion. For the next fiscal year, analysts anticipate that the firm will report sales of $6.81 billion, with estimates ranging from $6.67 billion to $6.98 billion. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that follow Huntington Bancshares.
Huntington Bancshares (NASDAQ:HBAN) last posted its quarterly earnings data on Wednesday, July 28th. The bank reported $0.35 EPS for the quarter, topping the consensus estimate of $0.32 by $0.03. Huntington Bancshares had a net margin of 31.76% and a return on equity of 12.87%. The business had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.32 billion.
Shares of NASDAQ HBAN opened at $15.19 on Friday. The firm’s 50 day moving average price is $14.78 and its 200-day moving average price is $15.11. The company has a market cap of $22.43 billion, a PE ratio of 10.70 and a beta of 1.33. Huntington Bancshares has a 52-week low of $8.52 and a 52-week high of $16.91. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.86 and a current ratio of 0.87.
The business also recently announced a quarterly dividend, which will be paid on Friday, October 1st. Investors of record on Friday, September 17th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, September 16th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.95%. Huntington Bancshares’s dividend payout ratio is 86.96%.
A number of hedge funds have recently added to or reduced their stakes in HBAN. Vanguard Group Inc. lifted its position in Huntington Bancshares by 45.9% during the second quarter. Vanguard Group Inc. now owns 164,762,064 shares of the bank’s stock valued at $2,351,154,000 after purchasing an additional 51,806,488 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Huntington Bancshares by 149.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 59,570,115 shares of the bank’s stock worth $936,442,000 after acquiring an additional 35,731,508 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of Huntington Bancshares by 38.6% in the 2nd quarter. BlackRock Inc. now owns 121,936,406 shares of the bank’s stock worth $1,740,034,000 after acquiring an additional 33,971,575 shares during the last quarter. State Street Corp lifted its holdings in shares of Huntington Bancshares by 34.5% in the 2nd quarter. State Street Corp now owns 76,458,899 shares of the bank’s stock worth $1,102,610,000 after acquiring an additional 19,606,401 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. bought a new stake in shares of Huntington Bancshares in the 2nd quarter worth about $269,671,000. Institutional investors and hedge funds own 76.75% of the company’s stock.
About Huntington Bancshares
Huntington Bancshares, Inc operates as a bank holding company. It provides commercial and consumer banking services, mortgage banking services, automobile financing, recreational vehicle and marine financing, equipment leasing, investment management, trust services, brokerage services, insurance programs, and other financial products and services.
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