Q1 Earnings Forecast for HBAN Issued By DA Davidson

Huntington Bancshares Incorporated (NASDAQ:HBANFree Report) – Stock analysts at DA Davidson issued their Q1 2025 earnings estimates for shares of Huntington Bancshares in a research note issued to investors on Tuesday, January 21st. DA Davidson analyst P. Winter expects that the bank will earn $0.31 per share for the quarter. 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 $1.37 per share.

A number of other equities research analysts have also weighed in on the stock. The Goldman Sachs Group boosted their price objective on shares of Huntington Bancshares from $16.25 to $20.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Barclays boosted their price target on shares of Huntington Bancshares from $17.00 to $19.00 and gave the stock an “equal weight” rating in a research note on Monday, January 6th. Citigroup raised their price objective on Huntington Bancshares from $18.00 to $21.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Piper Sandler lowered their target price on Huntington Bancshares from $17.50 to $17.00 and set an “underweight” rating for the company in a research note on Tuesday. Finally, Stephens restated an “equal weight” rating and set a $18.50 price target on shares of Huntington Bancshares in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Huntington Bancshares presently has a consensus rating of “Moderate Buy” and a consensus price target of $18.06.

View Our Latest Report on HBAN

Huntington Bancshares Stock Performance

NASDAQ:HBAN opened at $16.86 on Wednesday. The company has a market capitalization of $24.49 billion, a price-to-earnings ratio of 13.71, a PEG ratio of 2.64 and a beta of 1.07. The business has a 50 day moving average of $17.02 and a 200 day moving average of $15.55. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.89 and a quick ratio of 0.88. Huntington Bancshares has a 1-year low of $12.05 and a 1-year high of $18.44.

Huntington Bancshares (NASDAQ:HBANGet Free Report) last released its quarterly 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 return on equity of 11.23% and a net margin of 16.23%. During the same quarter in the prior year, the business earned $0.27 EPS.

Huntington Bancshares Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, March 18th will be given a dividend of $0.155 per share. This represents a $0.62 annualized dividend and a dividend yield of 3.68%. The ex-dividend date is Tuesday, March 18th. Huntington Bancshares’s dividend payout ratio is currently 50.41%.

Insider Buying and Selling

In other news, CFO Zachary Jacob Wasserman sold 8,644 shares of the business’s stock in a transaction 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 sale, the chief financial officer now owns 259,943 shares in the company, valued at approximately $4,582,795.09. The trade was a 3.22 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Scott D. Kleinman sold 28,600 shares of the stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $17.67, for a total transaction of $505,362.00. Following the completion of the transaction, the vice president now owns 496,076 shares of the company’s stock, valued at approximately $8,765,662.92. The trade was a 5.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.89% of the stock is owned by insiders.

Institutional Investors Weigh In On Huntington Bancshares

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Pacer Advisors Inc. lifted its holdings in shares of Huntington Bancshares by 48.1% during the fourth quarter. Pacer Advisors Inc. now owns 160,578 shares of the bank’s stock valued at $2,613,000 after purchasing an additional 52,185 shares during the last quarter. Blue Trust Inc. increased its position in Huntington Bancshares by 4.4% during the 4th quarter. Blue Trust Inc. now owns 21,887 shares of the bank’s stock valued at $356,000 after buying an additional 913 shares in the last quarter. Lantz Financial LLC raised its stake in Huntington Bancshares by 6.1% during the fourth quarter. Lantz Financial LLC now owns 13,766 shares of the bank’s stock valued at $224,000 after buying an additional 790 shares during the last quarter. Geneos Wealth Management Inc. boosted its holdings in Huntington Bancshares by 3.6% in the fourth quarter. Geneos Wealth Management Inc. now owns 297,134 shares of the bank’s stock worth $4,834,000 after acquiring an additional 10,191 shares in the last quarter. Finally, Exchange Traded Concepts LLC grew its stake in shares of Huntington Bancshares by 10.8% in the fourth quarter. Exchange Traded Concepts LLC now owns 280,709 shares of the bank’s stock worth $4,567,000 after acquiring an additional 27,406 shares during the last quarter. Hedge funds and other institutional investors own 80.72% of the company’s stock.

About Huntington Bancshares

(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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