Equities Analysts Issue Forecasts for HBAN FY2025 Earnings

Huntington Bancshares Incorporated (NASDAQ:HBAN) – DA Davidson reduced their FY2025 earnings per share (EPS) estimates for Huntington Bancshares in a research note issued on Thursday, December 19th. DA Davidson analyst P. Winter now expects that the bank will earn $1.39 per share for the year, down from their previous estimate of $1.40. 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.

A number of other analysts also recently commented on HBAN. Barclays boosted their price objective on Huntington Bancshares from $15.00 to $17.00 and gave the stock an “equal weight” rating in a research note on Friday, October 18th. Keefe, Bruyette & Woods raised their price objective on Huntington Bancshares from $16.00 to $19.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th. Citigroup boosted their target price on Huntington Bancshares from $18.00 to $21.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Evercore ISI increased their price target on Huntington Bancshares from $17.00 to $18.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Finally, Sandler O’Neill restated a “buy” rating on shares of Huntington Bancshares in a report on Friday, October 18th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $17.41.

Huntington Bancshares Price Performance

NASDAQ HBAN opened at $16.32 on Monday. The firm has a market capitalization of $23.71 billion, a PE ratio of 15.69, a P/E/G ratio of 3.47 and a beta of 1.06. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.88 and a quick ratio of 0.87. Huntington Bancshares has a 12 month low of $12.02 and a 12 month high of $18.44. The company’s 50 day simple moving average is $16.80 and its 200 day simple moving average is $14.95.

Huntington Bancshares (NASDAQ:HBAN) last released its 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 for the quarter, compared to analysts’ expectations of $1.86 billion. Huntington Bancshares had a net margin of 14.19% and a return on equity of 10.72%. During the same quarter last year, the company earned $0.36 EPS.

Huntington Bancshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Wednesday, December 18th will be issued a $0.155 dividend. The ex-dividend date is Wednesday, December 18th. This represents a $0.62 dividend on an annualized basis and a yield of 3.80%. Huntington Bancshares’s dividend payout ratio is currently 59.62%.

Insider Activity at Huntington Bancshares

In other Huntington Bancshares news, insider Helga Houston sold 6,455 shares of the company’s stock in a transaction that occurred on Wednesday, October 23rd. The stock was 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 of the company’s stock, valued at $8,615,217.06. This represents a 1.14 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Zachary Jacob Wasserman sold 8,644 shares of Huntington Bancshares stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $17.63, for a total transaction of $152,393.72. Following the completion of the transaction, the chief financial officer now directly owns 259,943 shares in the company, valued at approximately $4,582,795.09. This represents a 3.22 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 43,699 shares of company stock valued at $757,356. 0.89% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. &PARTNERS grew its stake in shares of Huntington Bancshares by 230.5% in the second quarter. &PARTNERS now owns 34,545 shares of the bank’s stock worth $455,000 after acquiring an additional 24,092 shares during the last quarter. State of Michigan Retirement System increased its stake in Huntington Bancshares by 0.7% during the second quarter. State of Michigan Retirement System now owns 419,050 shares of the bank’s stock valued at $5,523,000 after acquiring an additional 3,000 shares during the period. Signature Estate & Investment Advisors LLC acquired a new position in Huntington Bancshares in the 2nd quarter valued at approximately $590,000. WealthShield Partners LLC grew its holdings in shares of Huntington Bancshares by 5.9% during the 2nd quarter. WealthShield Partners LLC now owns 12,237 shares of the bank’s stock worth $163,000 after purchasing an additional 683 shares in the last quarter. Finally, Kintegral Advisory LLC grew its holdings in shares of Huntington Bancshares by 21.9% during the 2nd quarter. Kintegral Advisory LLC now owns 162,614 shares of the bank’s stock worth $2,164,000 after purchasing an additional 29,264 shares in the last quarter. Institutional investors own 80.72% of the company’s stock.

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.