What is DA Davidson’s Forecast for HBAN FY2025 Earnings?

Huntington Bancshares Incorporated (NASDAQ:HBAN) – Analysts at DA Davidson raised their FY2025 earnings estimates for Huntington Bancshares in a research report issued on Monday, November 11th. DA Davidson analyst P. Winter now expects that the bank will post earnings per share of $1.37 for the year, up from their prior forecast of $1.34. DA Davidson currently has a “Buy” rating and a $17.50 target price on the stock. The consensus estimate for Huntington Bancshares’ current full-year earnings is $1.21 per share.

Several other equities research analysts have also weighed in on the company. Piper Sandler upped their price objective on Huntington Bancshares from $14.00 to $15.00 and gave the company an “underweight” rating in a research note on Friday, October 18th. Citigroup increased their price objective on Huntington Bancshares from $17.00 to $18.00 and gave the stock a “buy” rating in a research note on Monday, July 22nd. Royal Bank of Canada restated an “outperform” rating and issued a $17.00 target price on shares of Huntington Bancshares in a research note on Friday, October 18th. Sandler O’Neill reissued a “buy” rating on shares of Huntington Bancshares in a report on Friday, October 18th. Finally, Evercore ISI upped their price objective on shares of Huntington Bancshares from $17.00 to $18.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $16.09.

Huntington Bancshares Trading Down 0.6 %

Shares of Huntington Bancshares stock opened at $17.54 on Wednesday. Huntington Bancshares has a 52-week low of $10.55 and a 52-week high of $17.97. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.88 and a quick ratio of 0.87. The firm has a market capitalization of $25.48 billion, a PE ratio of 16.87, a price-to-earnings-growth ratio of 3.58 and a beta of 1.03. The company’s fifty day moving average price is $15.26 and its two-hundred day moving average price is $14.27.

Huntington Bancshares (NASDAQ:HBAN) last posted its quarterly earnings results on Thursday, October 17th. The bank reported $0.33 EPS for the quarter, beating the consensus estimate of $0.30 by $0.03. The firm had revenue of $1.89 billion during the quarter, compared to analysts’ expectations of $1.86 billion. Huntington Bancshares had a return on equity of 10.72% and a net margin of 14.19%. During the same quarter in the prior year, the firm posted $0.36 EPS.

Huntington Bancshares Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Wednesday, December 18th will be given a dividend of $0.155 per share. The ex-dividend date is Wednesday, December 18th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 3.53%. Huntington Bancshares’s payout ratio is currently 59.62%.

Insider Activity

In other news, insider Helga Houston sold 6,455 shares of Huntington Bancshares stock in a transaction that occurred on Wednesday, October 23rd. The shares were sold at an average price of $15.43, for a total transaction of $99,600.65. Following the completion of the sale, the insider now owns 558,342 shares in the company, valued at $8,615,217.06. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.89% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Huntington Bancshares

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Asset Dedication LLC grew its position in shares of Huntington Bancshares by 200.7% during the 3rd quarter. Asset Dedication LLC now owns 1,801 shares of the bank’s stock worth $26,000 after buying an additional 1,202 shares during the period. Peoples Bank KS bought a new position in Huntington Bancshares during the 3rd quarter worth approximately $29,000. Hazlett Burt & Watson Inc. grew its holdings in Huntington Bancshares by 695.5% during the second quarter. Hazlett Burt & Watson Inc. now owns 2,291 shares of the bank’s stock valued at $30,000 after purchasing an additional 2,003 shares during the period. Future Financial Wealth Managment LLC bought a new stake in Huntington Bancshares in the third quarter valued at approximately $31,000. Finally, Fortitude Family Office LLC acquired a new stake in Huntington Bancshares in the third quarter worth $32,000. Institutional investors own 80.72% of the company’s stock.

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.