Huntington Bancshares (HBAN) Scheduled to Post Quarterly Earnings on Friday

Huntington Bancshares (NASDAQ:HBAN) will be posting its quarterly earnings results before the market opens on Friday, April 19th. Analysts expect Huntington Bancshares to post earnings of $0.26 per share for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

Huntington Bancshares (NASDAQ:HBAN) last posted its earnings results on Friday, January 19th. The bank reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.15. The company had revenue of $2.76 billion during the quarter, compared to analysts’ expectations of $1.75 billion. Huntington Bancshares had a net margin of 18.00% and a return on equity of 12.96%. During the same quarter in the previous year, the company posted $0.43 earnings per share. 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 Up 0.8 %

NASDAQ HBAN opened at $13.15 on Thursday. The stock’s 50 day simple moving average is $13.23 and its 200 day simple moving average is $12.10. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.87 and a quick ratio of 0.87. Huntington Bancshares has a one year low of $9.13 and a one year high of $14.07. The firm has a market cap of $19.07 billion, a PE ratio of 10.60, a price-to-earnings-growth ratio of 2.46 and a beta of 1.11.

Huntington Bancshares Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Monday, March 18th were paid a $0.155 dividend. The ex-dividend date was Friday, March 15th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 4.71%. Huntington Bancshares’s dividend payout ratio (DPR) is presently 50.00%.

Insider Activity at Huntington Bancshares

In other Huntington Bancshares news, Director Ann B. Crane sold 58,000 shares of Huntington Bancshares stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $13.54, for a total value of $785,320.00. Following the transaction, the director now owns 192,247 shares of the company’s stock, valued at $2,603,024.38. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, VP Julie C. Tutkovics sold 15,541 shares of the stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $12.68, for a total transaction of $197,059.88. Following the completion of the transaction, the vice president now directly owns 303,455 shares of the company’s stock, valued at $3,847,809.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ann B. Crane sold 58,000 shares of Huntington Bancshares stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $13.54, for a total transaction of $785,320.00. Following the completion of the transaction, the director now directly owns 192,247 shares of the company’s stock, valued at approximately $2,603,024.38. The disclosure for this sale can be found here. Insiders sold a total of 102,241 shares of company stock worth $1,360,359 in the last quarter. Corporate insiders own 0.92% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. American Century Companies Inc. grew its holdings in Huntington Bancshares by 11.8% in the 1st quarter. American Century Companies Inc. now owns 189,174 shares of the bank’s stock valued at $2,765,000 after buying an additional 19,959 shares in the last quarter. D.A. Davidson & CO. bought a new stake in Huntington Bancshares in the 1st quarter valued at about $315,000. Healthcare of Ontario Pension Plan Trust Fund grew its position in shares of Huntington Bancshares by 309.4% during the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 10,001 shares of the bank’s stock worth $146,000 after purchasing an additional 7,558 shares in the last quarter. Panagora Asset Management Inc. increased its holdings in shares of Huntington Bancshares by 40.9% during the first quarter. Panagora Asset Management Inc. now owns 104,361 shares of the bank’s stock worth $1,526,000 after purchasing an additional 30,296 shares during the period. Finally, Aviva PLC increased its holdings in shares of Huntington Bancshares by 58.2% during the first quarter. Aviva PLC now owns 798,754 shares of the bank’s stock worth $11,678,000 after purchasing an additional 293,944 shares during the period. 80.72% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

HBAN has been the topic of a number of research analyst reports. Citigroup increased their price objective on shares of Huntington Bancshares from $14.00 to $15.00 and gave the stock a “buy” rating in a report on Thursday, January 25th. Barclays raised shares of Huntington Bancshares from an “underweight” rating to an “equal weight” rating and raised their price target for the company from $12.00 to $15.00 in a report on Tuesday, January 2nd. Raymond James increased their price objective on Huntington Bancshares from $13.00 to $15.00 and gave the company a “strong-buy” rating in a research report on Tuesday, December 26th. Evercore ISI boosted their target price on Huntington Bancshares from $15.00 to $16.00 and gave the stock an “outperform” rating in a research report on Thursday, March 28th. Finally, UBS Group raised Huntington Bancshares from a “neutral” rating to a “buy” rating and upped their price target for the company from $14.00 to $15.00 in a research note on Wednesday, February 14th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $14.97.

About Huntington Bancshares

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.