DA Davidson Has Positive Outlook of HBAN FY2025 Earnings

Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) - Analysts at DA Davidson raised their FY2025 earnings per share (EPS) estimates for shares of Huntington Bancshares in a research report issued on Friday, June 27th. DA Davidson analyst P. Winter now forecasts that the bank will earn $1.46 per share for the year, up from their prior estimate of $1.44. The consensus estimate for Huntington Bancshares' current full-year earnings is $1.39 per share. DA Davidson also issued estimates for Huntington Bancshares' FY2026 earnings at $1.63 EPS.

Other equities research analysts have also recently issued research reports about the company. Citigroup decreased their price objective on Huntington Bancshares from $20.00 to $18.00 and set a "buy" rating on the stock in a report on Monday, March 24th. TD Cowen initiated coverage on Huntington Bancshares in a report on Thursday, May 15th. They set a "buy" rating and a $20.00 price objective on the stock. Keefe, Bruyette & Woods decreased their price objective on Huntington Bancshares from $18.00 to $17.00 and set a "market perform" rating on the stock in a report on Monday, April 21st. Deutsche Bank Aktiengesellschaft upgraded Huntington Bancshares from a "hold" rating to a "buy" rating and set a $17.50 target price on the stock in a report on Thursday, April 24th. Finally, Raymond James Financial reiterated a "strong-buy" rating and issued a $18.00 target price (down previously from $20.00) on shares of Huntington Bancshares in a report on Monday, April 21st. Two investment analysts have rated the stock with a sell rating, three have given a hold rating, sixteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $18.08.

Huntington Bancshares Price Performance

HBAN stock opened at $16.60 on Monday. Huntington Bancshares has a 52-week low of $11.92 and a 52-week high of $18.45. The stock's fifty day simple moving average is $15.51 and its 200-day simple moving average is $15.64. The company has a quick ratio of 0.89, a current ratio of 0.90 and a debt-to-equity ratio of 0.98. The stock has a market capitalization of $24.25 billion, a price-to-earnings ratio of 12.67, a price-to-earnings-growth ratio of 1.27 and a beta of 0.92.

Huntington Bancshares (NASDAQ:HBAN - Get Free Report) last posted its quarterly earnings data on Thursday, April 17th. The bank reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.03. Huntington Bancshares had a return on equity of 11.44% and a net margin of 16.94%. The business had revenue of $1.94 billion for the quarter, compared to analysts' expectations of $1.89 billion. During the same quarter last year, the firm earned $0.27 earnings per share.

Huntington Bancshares announced that its Board of Directors has initiated a stock buyback plan on Thursday, April 17th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the bank to buy up to 5% of its stock through open market purchases. Stock buyback plans are typically a sign that the company's leadership believes its stock is undervalued.

Huntington Bancshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Tuesday, June 17th will be paid a dividend of $0.155 per share. This represents a $0.62 dividend on an annualized basis and a dividend yield of 3.73%. The ex-dividend date is Tuesday, June 17th. Huntington Bancshares's dividend payout ratio is presently 47.33%.

Insiders Place Their Bets

In related news, EVP Marcy C. Hingst sold 13,700 shares of the business's stock in a transaction dated Friday, June 13th. The stock was sold at an average price of $15.79, for a total value of $216,323.00. Following the transaction, the executive vice president now owns 337,879 shares in the company, valued at approximately $5,335,109.41. The trade was a 3.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Zachary Jacob Wasserman sold 59,060 shares of the business's stock in a transaction dated Wednesday, April 30th. The stock was sold at an average price of $14.36, for a total value of $848,101.60. Following the completion of the transaction, the chief financial officer now owns 277,348 shares in the company, valued at approximately $3,982,717.28. This trade represents a 17.56% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 214,375 shares of company stock worth $3,049,277 over the last quarter. 0.89% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Smallwood Wealth Investment Management LLC acquired a new position in shares of Huntington Bancshares in the first quarter worth about $29,000. Quarry LP raised its stake in Huntington Bancshares by 73.0% during the first quarter. Quarry LP now owns 1,929 shares of the bank's stock valued at $29,000 after buying an additional 814 shares in the last quarter. LFA Lugano Financial Advisors SA acquired a new stake in Huntington Bancshares during the first quarter valued at approximately $31,000. Golden State Wealth Management LLC raised its stake in Huntington Bancshares by 516.3% during the first quarter. Golden State Wealth Management LLC now owns 2,231 shares of the bank's stock valued at $33,000 after buying an additional 1,869 shares in the last quarter. Finally, Wayfinding Financial LLC acquired a new stake in Huntington Bancshares during the first quarter valued at approximately $39,000. Institutional investors and hedge funds 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.