Equities research analysts expect Huntington Bancshares Incorporated (NASDAQ:HBAN) to post $1.23 billion in sales for the current fiscal quarter, Zacks reports. Four analysts have made estimates for Huntington Bancshares’ earnings. The highest sales estimate is $1.24 billion and the lowest is $1.22 billion. Huntington Bancshares posted sales of $1.16 billion during the same quarter last year, which would indicate a positive year over year growth rate of 6%. The company is expected to issue its next earnings results before the market opens on Thursday, April 22nd.
According to Zacks, analysts expect that Huntington Bancshares will report full-year sales of $5.99 billion for the current year, with estimates ranging from $5.87 billion to $6.19 billion. For the next fiscal year, analysts anticipate that the business will report sales of $6.97 billion, with estimates ranging from $6.87 billion to $7.13 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Huntington Bancshares.
Huntington Bancshares (NASDAQ:HBAN) last issued its quarterly earnings results on Thursday, January 21st. The bank reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.02). The company had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.25 billion. Huntington Bancshares had a net margin of 15.34% and a return on equity of 7.70%. During the same period in the prior year, the business earned $0.28 EPS.
In related news, EVP Sandra E. Pierce sold 172,909 shares of the business’s stock in a transaction on Tuesday, February 23rd. The shares were sold at an average price of $15.71, for a total value of $2,716,400.39. Following the sale, the executive vice president now directly owns 425,499 shares of the company’s stock, valued at approximately $6,684,589.29. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Paul G. Heller sold 75,646 shares of the business’s stock in a transaction on Wednesday, February 3rd. The shares were sold at an average price of $13.58, for a total transaction of $1,027,272.68. Following the completion of the sale, the executive vice president now directly owns 503,581 shares in the company, valued at $6,838,629.98. The disclosure for this sale can be found here. Company insiders own 0.70% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Founders Capital Management bought a new stake in Huntington Bancshares in the 4th quarter valued at $25,000. Vantage Consulting Group Inc bought a new stake in Huntington Bancshares in the 4th quarter valued at $26,000. San Francisco Sentry Investment Group CA lifted its position in Huntington Bancshares by 1,257.9% in the 4th quarter. San Francisco Sentry Investment Group CA now owns 2,159 shares of the bank’s stock valued at $27,000 after acquiring an additional 2,000 shares in the last quarter. Alpha DNA Investment Management LLC bought a new stake in Huntington Bancshares during the 4th quarter worth about $29,000. Finally, Fort Pitt Capital Group LLC bought a new stake in Huntington Bancshares during the 4th quarter worth about $29,000. 72.59% of the stock is currently owned by institutional investors and hedge funds.
Shares of Huntington Bancshares stock traded up $0.22 during midday trading on Friday, reaching $16.36. The company had a trading volume of 8,893,363 shares, compared to its average volume of 12,047,648. The company has a current ratio of 0.91, a quick ratio of 0.90 and a debt-to-equity ratio of 0.86. The company has a market capitalization of $16.73 billion, a price-to-earnings ratio of 23.04, a price-to-earnings-growth ratio of 3.26 and a beta of 1.47. The stock has a fifty day simple moving average of $16.03 and a 200 day simple moving average of $13.24. Huntington Bancshares has a 1-year low of $6.99 and a 1-year high of $16.91.
The company also recently declared a quarterly dividend, which was paid on Thursday, April 1st. Stockholders of record on Thursday, March 18th were given a dividend of $0.15 per share. The ex-dividend date was Wednesday, March 17th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.67%. Huntington Bancshares’s dividend payout ratio is 47.24%.
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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