DA Davidson Issues Pessimistic Forecast for HBAN Earnings

Huntington Bancshares Incorporated (NASDAQ:HBANFree Report) – Research analysts at DA Davidson dropped their FY2025 earnings estimates for Huntington Bancshares in a report issued on Thursday, December 19th. DA Davidson analyst P. Winter now expects that the bank will post earnings per share of $1.39 for the year, down from their prior forecast of $1.40. DA Davidson has a “Buy” rating and a $17.50 price objective on the stock. The consensus estimate for Huntington Bancshares’ current full-year earnings is $1.21 per share.

Huntington Bancshares (NASDAQ:HBANGet Free Report) last announced 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. Huntington Bancshares had a return on equity of 10.72% and a net margin of 14.19%. The business had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.86 billion. During the same quarter in the previous year, the firm earned $0.36 EPS.

Several other brokerages also recently issued reports on HBAN. Royal Bank of Canada reissued an “outperform” rating and set a $20.00 price target on shares of Huntington Bancshares in a report on Thursday, December 12th. Sandler O’Neill reiterated a “buy” rating on shares of Huntington Bancshares in a research note on Friday, October 18th. Evercore ISI increased their price target on Huntington Bancshares from $17.00 to $18.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Barclays raised their price target on Huntington Bancshares from $15.00 to $17.00 and gave the company an “equal weight” rating in a report on Friday, October 18th. Finally, Citigroup boosted their price objective on Huntington Bancshares from $18.00 to $21.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $17.41.

Check Out Our Latest Stock Analysis on Huntington Bancshares

Huntington Bancshares Stock Up 2.6 %

Shares of NASDAQ HBAN opened at $16.32 on Monday. The business has a fifty day moving average of $16.80 and a two-hundred day moving average of $14.95. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.87 and a current ratio of 0.88. Huntington Bancshares has a 52-week low of $12.02 and a 52-week high of $18.44. The stock has a market cap of $23.71 billion, a PE ratio of 15.69, a PEG ratio of 3.47 and a beta of 1.06.

Hedge Funds Weigh In On Huntington Bancshares

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. WealthShield Partners LLC increased its position in shares of Huntington Bancshares by 5.9% in the second quarter. WealthShield Partners LLC now owns 12,237 shares of the bank’s stock valued at $163,000 after acquiring an additional 683 shares during the last quarter. UMB Bank n.a. grew its stake in shares of Huntington Bancshares by 19.1% in the third quarter. UMB Bank n.a. now owns 4,545 shares of the bank’s stock valued at $67,000 after acquiring an additional 728 shares in the last quarter. Foundations Investment Advisors LLC increased its holdings in shares of Huntington Bancshares by 3.2% during the second quarter. Foundations Investment Advisors LLC now owns 23,647 shares of the bank’s stock worth $312,000 after purchasing an additional 744 shares during the period. Dillon & Associates Inc. raised its holdings in Huntington Bancshares by 5.9% in the 3rd quarter. Dillon & Associates Inc. now owns 14,354 shares of the bank’s stock valued at $215,000 after acquiring an additional 795 shares in the last quarter. Finally, Integrated Wealth Concepts LLC raised its stake in Huntington Bancshares by 1.3% in the third quarter. Integrated Wealth Concepts LLC now owns 62,392 shares of the bank’s stock valued at $917,000 after purchasing an additional 800 shares in the last quarter. 80.72% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Huntington Bancshares

In other Huntington Bancshares news, insider Helga Houston sold 6,455 shares of the business’s stock in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of $15.43, for a total value of $99,600.65. Following the completion of the transaction, the insider now directly owns 558,342 shares of the company’s stock, valued at approximately $8,615,217.06. The trade was a 1.14 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Scott D. Kleinman sold 28,600 shares of the firm’s stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $17.67, for a total value of $505,362.00. Following the sale, the vice president now directly owns 496,076 shares in the company, valued at approximately $8,765,662.92. This represents a 5.45 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 43,699 shares of company stock worth $757,356 in the last ninety days. Company insiders own 0.89% of the company’s stock.

Huntington Bancshares Announces Dividend

The business 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 annualized dividend and a dividend yield of 3.80%. Huntington Bancshares’s payout ratio is currently 59.62%.

Huntington Bancshares Company Profile

(Get Free Report)

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.

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Earnings History and Estimates for Huntington Bancshares (NASDAQ:HBAN)

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