Huntington Bancshares (NASDAQ:HBAN) will post its quarterly earnings results before the market opens on Thursday, July 29th. Analysts expect Huntington Bancshares to post earnings of $0.33 per share for the quarter. Individual that wish to register for the company's earnings conference call can do so using this link.
Huntington Bancshares (NASDAQ:HBAN) last issued its quarterly earnings results on Wednesday, April 21st. The bank reported $0.48 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.32 by $0.16. The company had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.22 billion. Huntington Bancshares had a return on equity of 12.08% and a net margin of 25.18%. The firm's revenue was up 18.8% compared to the same quarter last year. During the same period last year, the business posted $0.03 earnings per share. On average, analysts expect Huntington Bancshares to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Shares of NASDAQ:HBAN opened at $14.05 on Thursday. The firm has a market capitalization of $14.30 billion, a P/E ratio of 12.22 and a beta of 1.32. The company has a 50-day simple moving average of $14.71. Huntington Bancshares has a 52-week low of $8.52 and a 52-week high of $16.91. The company has a current ratio of 0.87, a quick ratio of 0.85 and a debt-to-equity ratio of 0.66.
In other news, EVP Sandra E. Pierce sold 85,986 shares of the business's stock in a transaction on Tuesday, June 1st. The shares were sold at an average price of $16.00, for a total value of $1,375,776.00. Following the completion of the transaction, the executive vice president now owns 435,063 shares of the company's stock, valued at approximately $6,961,008. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Scott D. Kleinman sold 6,225 shares of the business's stock in a transaction on Thursday, May 6th. The shares were sold at an average price of $15.56, for a total transaction of $96,861.00. Following the completion of the sale, the executive vice president now directly owns 212,853 shares in the company, valued at $3,311,992.68. The disclosure for this sale can be found here. Insiders have sold a total of 121,390 shares of company stock valued at $1,924,912 in the last ninety days. Company insiders own 1.04% of the company's stock.
HBAN has been the topic of a number of recent research reports. Keefe, Bruyette & Woods reissued a "market perform" rating on shares of Huntington Bancshares in a research report on Wednesday, July 7th. Stephens lifted their target price on Huntington Bancshares from $14.00 to $17.50 and gave the stock an "equal weight" rating in a research report on Tuesday, March 30th. Raymond James upgraded shares of Huntington Bancshares from an "outperform" rating to a "strong-buy" rating and set a $18.00 price target for the company in a research note on Wednesday, June 23rd. Barclays raised their price target on shares of Huntington Bancshares from $15.00 to $17.00 and gave the stock an "equal weight" rating in a research note on Wednesday, April 7th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on shares of Huntington Bancshares from $14.00 to $16.00 and gave the stock a "hold" rating in a research note on Thursday, April 1st. Seven equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company's stock. The company presently has a consensus rating of "Buy" and a consensus price target of $15.45.
Huntington Bancshares Company Profile
Huntington Bancshares Incorporated is a regional bank holding company headquartered in Columbus, Ohio, with $123 billion of assets and a network of 839 branches, including 11 Private Client Group offices, and 1,322 ATMs across seven Midwestern states. Founded in 1866, The Huntington National Bank and its affiliates provide consumer, small business, commercial, treasury management, wealth management, brokerage, trust, and insurance services.
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