Q4 2019 EPS Estimates for Huntington Bancshares Incorporated (HBAN) Decreased by Analyst
Huntington Bancshares Incorporated (NASDAQ:HBAN) – Stock analysts at Piper Jaffray Companies decreased their Q4 2019 earnings per share estimates for Huntington Bancshares in a report released on Tuesday, April 9th. Piper Jaffray Companies analyst K. Barker now forecasts that the bank will post earnings per share of $0.33 for the quarter, down from their previous forecast of $0.34.
Several other equities analysts have also recently issued reports on HBAN. Zacks Investment Research cut Huntington Bancshares from a “hold” rating to a “sell” rating in a research report on Monday, January 7th. BidaskClub cut Huntington Bancshares from a “sell” rating to a “strong sell” rating in a research report on Tuesday, December 18th. Jefferies Financial Group cut Huntington Bancshares from a “buy” rating to a “hold” rating and set a $14.00 target price on the stock. in a research report on Monday, January 28th. Finally, Vining Sparks reiterated a “buy” rating and set a $18.00 target price on shares of Huntington Bancshares in a research report on Thursday, January 24th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $16.18.
Huntington Bancshares (NASDAQ:HBAN) last issued its quarterly earnings results on Thursday, January 24th. The bank reported $0.29 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by ($0.02). The company had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.16 billion. Huntington Bancshares had a net margin of 26.43% and a return on equity of 13.93%. During the same quarter last year, the firm earned $0.26 EPS.
A number of hedge funds have recently bought and sold shares of HBAN. HC Financial Advisors Inc. lifted its stake in Huntington Bancshares by 11.3% in the 3rd quarter. HC Financial Advisors Inc. now owns 147,049 shares of the bank’s stock valued at $2,194,000 after buying an additional 14,965 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in Huntington Bancshares by 1.1% in the 3rd quarter. Bank of New York Mellon Corp now owns 8,671,432 shares of the bank’s stock valued at $129,377,000 after acquiring an additional 98,561 shares during the last quarter. Panagora Asset Management Inc. raised its holdings in Huntington Bancshares by 19.0% in the 3rd quarter. Panagora Asset Management Inc. now owns 124,375 shares of the bank’s stock valued at $1,856,000 after acquiring an additional 19,822 shares during the last quarter. United Services Automobile Association raised its holdings in Huntington Bancshares by 26.5% in the 3rd quarter. United Services Automobile Association now owns 477,839 shares of the bank’s stock valued at $7,129,000 after acquiring an additional 100,126 shares during the last quarter. Finally, Allianz Asset Management GmbH raised its holdings in Huntington Bancshares by 304.2% in the 3rd quarter. Allianz Asset Management GmbH now owns 134,758 shares of the bank’s stock valued at $2,011,000 after acquiring an additional 101,420 shares during the last quarter. 79.03% of the stock is currently owned by hedge funds and other institutional investors.
In other news, EVP Mark E. Thompson sold 18,510 shares of the business’s stock in a transaction that occurred on Monday, January 28th. The stock was sold at an average price of $13.49, for a total transaction of $249,699.90. Following the sale, the executive vice president now owns 667,175 shares of the company’s stock, valued at approximately $9,000,190.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Daniel J. Neumeyer sold 60,000 shares of the company’s stock in a transaction that occurred on Monday, February 11th. The shares were sold at an average price of $13.71, for a total value of $822,600.00. Following the completion of the sale, the executive vice president now directly owns 356,615 shares in the company, valued at approximately $4,889,191.65. The disclosure for this sale can be found here. Insiders have sold a total of 81,577 shares of company stock worth $1,116,158 in the last three months. Corporate insiders own 1.22% of the company’s stock.
The company also recently declared a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Monday, March 18th were paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 4.21%. The ex-dividend date of this dividend was Friday, March 15th. Huntington Bancshares’s dividend payout ratio (DPR) is 46.67%.
Huntington Bancshares Company Profile
Huntington Bancshares Incorporated operates as a holding company for The Huntington National Bank that provides commercial, small business, consumer, and mortgage banking services. The company operates through four business segments: Consumer and Business Banking, Commercial Banking, Vehicle Finance, and Regional Banking and The Huntington Private Client Group (RBHPCG).
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