DA Davidson Has Positive Outlook for HBAN FY2025 Earnings

Huntington Bancshares Incorporated (NASDAQ:HBAN) – Equities researchers at DA Davidson lifted their FY2025 earnings per share (EPS) estimates for shares of Huntington Bancshares in a research report issued to clients and investors on Wednesday, April 2nd. DA Davidson analyst P. Winter now forecasts that the bank will post earnings per share of $1.40 for the year, up from their prior forecast of $1.39. The consensus estimate for Huntington Bancshares’ current full-year earnings is $1.39 per share. DA Davidson also issued estimates for Huntington Bancshares’ FY2025 earnings at $1.40 EPS.

Huntington Bancshares (NASDAQ:HBAN) last issued its quarterly earnings data on Friday, January 17th. The bank reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.03. Huntington Bancshares had a net margin of 16.23% and a return on equity of 11.23%. During the same quarter last year, the firm earned $0.27 EPS.

Several other equities analysts have also weighed in on HBAN. Piper Sandler cut their target price on Huntington Bancshares from $17.50 to $17.00 and set an “underweight” rating on the stock in a report on Tuesday, January 21st. Stephens reissued an “equal weight” rating and issued a $18.50 price objective on shares of Huntington Bancshares in a research note on Friday, February 7th. Royal Bank of Canada restated an “outperform” rating and issued a $20.00 target price on shares of Huntington Bancshares in a report on Tuesday, January 21st. Barclays increased their price target on Huntington Bancshares from $17.00 to $19.00 and gave the company an “equal weight” rating in a report on Monday, January 6th. Finally, StockNews.com upgraded shares of Huntington Bancshares from a “sell” rating to a “hold” rating in a research note on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $17.94.

Huntington Bancshares Stock Down 6.4 %

Huntington Bancshares stock opened at $12.60 on Friday. The company has a current ratio of 0.89, a quick ratio of 0.88 and a debt-to-equity ratio of 0.92. Huntington Bancshares has a 1-year low of $12.05 and a 1-year high of $18.45. The firm’s fifty day simple moving average is $15.79 and its 200-day simple moving average is $16.14. The company has a market capitalization of $18.41 billion, a P/E ratio of 10.24, a P/E/G ratio of 1.33 and a beta of 0.89.

Huntington Bancshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 18th were given a $0.155 dividend. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 4.92%. Huntington Bancshares’s dividend payout ratio is currently 50.41%.

Insider Transactions at Huntington Bancshares

In related news, VP Brendan A. Lawlor sold 3,521 shares of the firm’s stock in a transaction on Monday, March 24th. The stock was sold at an average price of $15.25, for a total value of $53,695.25. Following the completion of the transaction, the vice president now directly owns 47,950 shares of the company’s stock, valued at $731,237.50. This trade represents a 6.84 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Zachary Jacob Wasserman sold 38,451 shares of the business’s stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $14.38, for a total transaction of $552,925.38. Following the completion of the sale, the chief financial officer now directly owns 335,538 shares in the company, valued at $4,825,036.44. This trade represents a 10.28 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 111,781 shares of company stock valued at $1,631,151. 0.89% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Huntington Bancshares

A number of institutional investors have recently added to or reduced their stakes in HBAN. Carlson Capital Management lifted its position in shares of Huntington Bancshares by 0.4% during the 4th quarter. Carlson Capital Management now owns 163,575 shares of the bank’s stock worth $2,661,000 after buying an additional 692 shares during the period. Farther Finance Advisors LLC raised its stake in Huntington Bancshares by 6.0% during the fourth quarter. Farther Finance Advisors LLC now owns 12,317 shares of the bank’s stock worth $200,000 after acquiring an additional 699 shares in the last quarter. Venturi Wealth Management LLC lifted its holdings in shares of Huntington Bancshares by 27.2% during the fourth quarter. Venturi Wealth Management LLC now owns 3,279 shares of the bank’s stock valued at $53,000 after acquiring an additional 702 shares during the period. CreativeOne Wealth LLC boosted its stake in shares of Huntington Bancshares by 4.0% in the 4th quarter. CreativeOne Wealth LLC now owns 20,019 shares of the bank’s stock valued at $326,000 after purchasing an additional 762 shares in the last quarter. Finally, Lantz Financial LLC increased its position in shares of Huntington Bancshares by 6.1% during the 4th quarter. Lantz Financial LLC now owns 13,766 shares of the bank’s stock worth $224,000 after purchasing an additional 790 shares in the last quarter. 80.72% of the stock is owned by institutional investors and hedge funds.

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.