FY2025 Earnings Forecast for HBAN Issued By DA Davidson

Huntington Bancshares Incorporated (NASDAQ:HBAN) – Investment analysts at DA Davidson lifted their FY2025 EPS estimates for Huntington Bancshares in a research note issued on Wednesday, April 2nd. DA Davidson analyst P. Winter now expects that the bank will post earnings of $1.40 per share for the year, up from their previous 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.

Other equities analysts have also recently issued research reports about the stock. Royal Bank of Canada reiterated an “outperform” rating and issued a $20.00 price objective on shares of Huntington Bancshares in a research note on Tuesday, January 21st. StockNews.com raised shares of Huntington Bancshares from a “sell” rating to a “hold” rating in a report on Thursday, December 12th. Truist Financial lifted their price target on shares of Huntington Bancshares from $19.00 to $21.00 and gave the stock a “buy” rating in a research note on Tuesday, January 21st. Baird R W upgraded Huntington Bancshares from a “hold” rating to a “strong-buy” rating in a research note on Friday, March 7th. Finally, Barclays lifted their target price on Huntington Bancshares from $17.00 to $19.00 and gave the company an “equal weight” rating in a research report on Monday, January 6th. One analyst has rated the stock with a sell rating, four have given a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $17.94.

Huntington Bancshares Stock Down 6.4 %

HBAN stock opened at $12.60 on Friday. The company has a market cap of $18.41 billion, a price-to-earnings ratio of 10.24, a P/E/G ratio of 1.33 and a beta of 0.89. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.88 and a current ratio of 0.89. The business’s 50-day moving average is $15.79 and its two-hundred day moving average is $16.13. Huntington Bancshares has a fifty-two week low of $12.05 and a fifty-two week high of $18.45.

Huntington Bancshares (NASDAQ:HBAN) last announced its earnings results on Friday, January 17th. The bank reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates 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 posted $0.27 earnings per share.

Huntington Bancshares Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Tuesday, March 18th were paid a dividend of $0.155 per share. The ex-dividend date was Tuesday, March 18th. This represents a $0.62 annualized dividend and a yield of 4.92%. Huntington Bancshares’s payout ratio is 50.41%.

Insider Buying and Selling at Huntington Bancshares

In other Huntington Bancshares news, VP Brendan A. Lawlor sold 3,521 shares of the firm’s stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $15.25, for a total transaction of $53,695.25. Following the completion of the transaction, the vice president now owns 47,950 shares in the company, valued at $731,237.50. This trade represents a 6.84 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP Scott D. Kleinman sold 69,088 shares of the company’s stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $14.67, for a total value of $1,013,520.96. Following the sale, the vice president now directly owns 453,129 shares in the company, valued at $6,647,402.43. This trade represents a 13.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 111,781 shares of company stock worth $1,631,151. Insiders own 0.89% of the company’s stock.

Institutional Trading of Huntington Bancshares

Large investors have recently made changes to their positions in the business. Arvest Bank Trust Division bought a new stake in Huntington Bancshares during the third quarter worth approximately $2,381,000. National Bank of Canada FI boosted its holdings in shares of Huntington Bancshares by 220.9% in the 4th quarter. National Bank of Canada FI now owns 3,666,949 shares of the bank’s stock worth $59,661,000 after purchasing an additional 2,524,077 shares during the period. Pictet Asset Management Holding SA increased its position in shares of Huntington Bancshares by 17.9% during the 4th quarter. Pictet Asset Management Holding SA now owns 850,139 shares of the bank’s stock valued at $13,832,000 after purchasing an additional 129,106 shares during the last quarter. Mediolanum International Funds Ltd purchased a new stake in Huntington Bancshares during the 4th quarter valued at $422,000. Finally, Donoghue Forlines LLC bought a new stake in Huntington Bancshares in the fourth quarter worth $1,460,000. 80.72% of the stock is currently owned by institutional investors.

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.