FY2025 Earnings Estimate for HBAN Issued By DA Davidson

Huntington Bancshares Incorporated (NASDAQ:HBAN) – Equities researchers at DA Davidson increased their FY2025 earnings per share estimates for shares of Huntington Bancshares in a research note issued to investors on Tuesday, January 21st. DA Davidson analyst P. Winter now forecasts that the bank will post earnings per share of $1.58 for the year, up from their prior estimate of $1.39. DA Davidson currently has a “Buy” rating and a $17.50 price objective on the stock. The consensus estimate for Huntington Bancshares’ current full-year earnings is $1.37 per share.

Several other research analysts have also issued reports on the company. Keefe, Bruyette & Woods raised their target price on Huntington Bancshares from $16.00 to $19.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. The Goldman Sachs Group raised their target price on Huntington Bancshares from $16.25 to $20.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Evercore ISI raised their target price on Huntington Bancshares from $17.00 to $18.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Truist Financial boosted their price objective on Huntington Bancshares from $19.00 to $21.00 and gave the company a “buy” rating in a research note on Tuesday. Finally, StockNews.com raised Huntington Bancshares from a “sell” rating to a “hold” rating in a research note on Thursday, December 12th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Huntington Bancshares currently has an average rating of “Moderate Buy” and a consensus price target of $18.06.

Huntington Bancshares Stock Down 1.4 %

Shares of NASDAQ:HBAN opened at $16.86 on Thursday. The firm has a market cap of $24.49 billion, a P/E ratio of 13.71, a P/E/G ratio of 1.43 and a beta of 1.07. The company has a quick ratio of 0.88, a current ratio of 0.89 and a debt-to-equity ratio of 0.92. Huntington Bancshares has a 12-month low of $12.05 and a 12-month high of $18.44. The business has a fifty day simple moving average of $17.02 and a 200 day simple moving average of $15.55.

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

Huntington Bancshares Announces Dividend

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

Insider Transactions at Huntington Bancshares

In other Huntington Bancshares news, 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 transaction of $505,362.00. Following the sale, the vice president now owns 496,076 shares in the company, valued at $8,765,662.92. This trade represents a 5.45 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Zachary Jacob Wasserman sold 8,644 shares of the firm’s stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $17.63, for a total value of $152,393.72. Following the sale, the chief financial officer now owns 259,943 shares in the company, valued at $4,582,795.09. The trade was a 3.22 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.89% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Arvest Bank Trust Division purchased a new position in shares of Huntington Bancshares in the third quarter worth about $2,381,000. Heritage Wealth Management Inc. purchased a new position in shares of Huntington Bancshares in the second quarter worth about $744,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Huntington Bancshares by 5.6% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 844,466 shares of the bank’s stock worth $12,414,000 after buying an additional 44,662 shares during the period. Petiole USA ltd bought a new stake in shares of Huntington Bancshares in the third quarter worth about $3,454,000. Finally, Franklin Resources Inc. grew its stake in shares of Huntington Bancshares by 3.2% in the third quarter. Franklin Resources Inc. now owns 1,797,771 shares of the bank’s stock worth $27,901,000 after purchasing an additional 55,602 shares during the last quarter. Hedge funds and other 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.