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

Huntington Bancshares (NASDAQ:HBAN) will issue its quarterly earnings data before the market opens on Friday, July 19th. Analysts expect the company to announce earnings of $0.29 per share for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

Huntington Bancshares (NASDAQ:HBAN) last posted its quarterly earnings results on Friday, April 19th. The bank reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.03. Huntington Bancshares had a net margin of 15.86% and a return on equity of 11.99%. The firm had revenue of $2.85 billion for the quarter, compared to the consensus estimate of $1.74 billion. During the same quarter in the previous year, the company earned $0.38 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 1.2 %

HBAN opened at $14.44 on Thursday. Huntington Bancshares has a fifty-two week low of $9.25 and a fifty-two week high of $14.50. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.88 and a quick ratio of 0.88. The firm’s fifty day moving average price is $13.33 and its two-hundred day moving average price is $13.21. The company has a market capitalization of $20.93 billion, a P/E ratio of 13.01, a P/E/G ratio of 5.44 and a beta of 1.06.

Huntington Bancshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 1st. Shareholders of record on Monday, June 17th were issued a dividend of $0.155 per share. The ex-dividend date was Monday, June 17th. This represents a $0.62 annualized dividend and a yield of 4.29%. Huntington Bancshares’s dividend payout ratio is currently 55.86%.

Insider Activity

In other news, VP Brantley J. Standridge sold 50,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $13.60, for a total transaction of $680,000.00. Following the completion of the sale, the vice president now owns 385,409 shares in the company, valued at $5,241,562.40. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other Huntington Bancshares news, CFO Zachary Jacob Wasserman sold 30,000 shares of the business’s stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $13.66, for a total value of $409,800.00. Following the transaction, the chief financial officer now owns 305,884 shares of the company’s stock, valued at $4,178,375.44. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Brantley J. Standridge sold 50,000 shares of the business’s stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $13.60, for a total value of $680,000.00. Following the completion of the transaction, the vice president now directly owns 385,409 shares in the company, valued at approximately $5,241,562.40. The disclosure for this sale can be found here. Insiders sold a total of 157,829 shares of company stock worth $2,148,623 over the last quarter. 0.89% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

HBAN has been the subject of a number of recent analyst reports. StockNews.com cut Huntington Bancshares from a “hold” rating to a “sell” rating in a research note on Wednesday, June 19th. Keefe, Bruyette & Woods dropped their price objective on Huntington Bancshares from $15.00 to $14.50 and set a “market perform” rating on the stock in a research note on Tuesday, July 9th. Piper Sandler cut Huntington Bancshares from a “neutral” rating to an “underweight” rating and dropped their price target for the company from $13.50 to $11.50 in a research note on Friday, June 14th. UBS Group lowered their price objective on Huntington Bancshares from $16.00 to $15.00 and set a “buy” rating on the stock in a research report on Thursday, June 13th. Finally, Stephens reiterated an “equal weight” rating and set a $15.00 price objective on shares of Huntington Bancshares in a research report on Monday, April 22nd. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Huntington Bancshares currently has a consensus rating of “Moderate Buy” and an average price target of $14.93.

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.