FY2025 Earnings Estimate for HBAN Issued By DA Davidson

Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) - Analysts at DA Davidson issued their FY2025 earnings estimates for Huntington Bancshares in a report issued on Monday, July 21st. DA Davidson analyst P. Winter forecasts that the bank will post earnings per share of $1.48 for the year. DA Davidson has a "Buy" rating and a $20.00 price target on the stock. The consensus estimate for Huntington Bancshares' current full-year earnings is $1.39 per share.

A number of other research firms also recently issued reports on HBAN. Truist Financial raised their price objective on shares of Huntington Bancshares from $18.00 to $19.00 and gave the stock a "buy" rating in a report on Friday, June 13th. JPMorgan Chase & Co. cut their target price on shares of Huntington Bancshares from $18.50 to $16.00 and set an "overweight" rating for the company in a research report on Thursday, April 3rd. Jefferies Financial Group assumed coverage on shares of Huntington Bancshares in a research report on Wednesday, May 21st. They set a "buy" rating and a $20.00 target price for the company. Raymond James Financial reiterated a "strong-buy" rating and set a $21.00 target price (up previously from $18.00) on shares of Huntington Bancshares in a research report on Tuesday, July 8th. Finally, Royal Bank Of Canada cut their target price on shares of Huntington Bancshares from $20.00 to $18.00 and set an "outperform" rating for the company in a research report on Monday, April 21st. Two investment analysts have rated the stock with a sell rating, three have given a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $18.68.

Huntington Bancshares Stock Performance

NASDAQ HBAN traded up $0.20 during trading hours on Wednesday, reaching $16.84. 47,060,112 shares of the company were exchanged, compared to its average volume of 36,499,588. Huntington Bancshares has a 1 year low of $11.91 and a 1 year high of $18.44. The business's 50 day simple moving average is $16.34 and its 200-day simple moving average is $15.74. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.92. The stock has a market capitalization of $24.60 billion, a P/E ratio of 12.47, a P/E/G ratio of 0.87 and a beta of 0.93.

Institutional Investors Weigh In On Huntington Bancshares

A number of hedge funds have recently made changes to their positions in the business. Family Legacy Financial Solutions LLC purchased a new position in shares of Huntington Bancshares in the second quarter worth $25,000. Smallwood Wealth Investment Management LLC purchased a new position in shares of Huntington Bancshares in the first quarter worth $29,000. Quarry LP increased its stake in shares of Huntington Bancshares by 73.0% in the first quarter. Quarry LP now owns 1,929 shares of the bank's stock worth $29,000 after buying an additional 814 shares during the period. LFA Lugano Financial Advisors SA purchased a new position in shares of Huntington Bancshares in the first quarter worth $31,000. Finally, Golden State Wealth Management LLC increased its stake in shares of Huntington Bancshares by 516.3% in the first quarter. Golden State Wealth Management LLC now owns 2,231 shares of the bank's stock worth $33,000 after buying an additional 1,869 shares during the period. 80.72% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Huntington Bancshares

In other news, EVP Marcy C. Hingst sold 13,700 shares of the business's stock in a transaction that occurred on Friday, June 13th. The shares were sold at an average price of $15.79, for a total value of $216,323.00. Following the completion of the sale, the executive vice president directly owned 337,879 shares in the company, valued at approximately $5,335,109.41. The trade was a 3.90% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Helga Houston sold 42,345 shares of the business's stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $14.72, for a total transaction of $623,318.40. Following the completion of the sale, the insider owned 592,119 shares of the company's stock, valued at approximately $8,715,991.68. The trade was a 6.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 115,105 shares of company stock worth $1,687,743 over the last three months. 0.89% of the stock is owned by insiders.

Huntington Bancshares declared that its Board of Directors has approved a stock repurchase program on Thursday, April 17th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the bank to repurchase up to 5% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company's leadership believes its shares are undervalued.

Huntington Bancshares Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Wednesday, September 17th will be given a dividend of $0.155 per share. The ex-dividend date is Wednesday, September 17th. This represents a $0.62 annualized dividend and a yield of 3.68%. Huntington Bancshares's payout ratio is presently 45.93%.

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.