Research Analysts Offer Predictions for Huntington Bancshares’ Q1 2018 Earnings (HBAN)

Huntington Bancshares (NASDAQ:HBAN) – Stock analysts at B. Riley increased their Q1 2018 EPS estimates for Huntington Bancshares in a research note issued to investors on Thursday, April 12th. B. Riley analyst S. Moss now forecasts that the bank will post earnings of $0.27 per share for the quarter, up from their prior forecast of $0.26. B. Riley also issued estimates for Huntington Bancshares’ Q2 2018 earnings at $0.30 EPS, Q3 2018 earnings at $0.32 EPS, Q4 2018 earnings at $0.31 EPS, Q1 2019 earnings at $0.29 EPS, Q2 2019 earnings at $0.32 EPS, Q3 2019 earnings at $0.34 EPS, Q4 2019 earnings at $0.35 EPS and FY2019 earnings at $1.30 EPS.

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Huntington Bancshares (NASDAQ:HBAN) last issued its quarterly earnings data on Tuesday, January 23rd. The bank reported $0.26 EPS for the quarter, hitting the consensus estimate of $0.26. The firm had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.10 billion. Huntington Bancshares had a return on equity of 12.12% and a net margin of 25.02%. During the same period in the prior year, the business posted $0.18 earnings per share.

A number of other brokerages also recently commented on HBAN. ValuEngine downgraded Huntington Bancshares from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Morgan Stanley increased their price target on Huntington Bancshares from $16.50 to $17.00 and gave the company an “equal weight” rating in a research report on Friday, January 26th. BidaskClub raised Huntington Bancshares from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, March 7th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $16.75 price target on shares of Huntington Bancshares in a research report on Wednesday, January 24th. Finally, JPMorgan Chase increased their price target on Huntington Bancshares from $16.00 to $17.00 and gave the company a “neutral” rating in a research report on Thursday, January 25th. Nine analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The company has an average rating of “Buy” and an average target price of $16.98.

Shares of HBAN opened at $14.48 on Monday. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.88 and a quick ratio of 0.87. The company has a market cap of $16,160.25, a P/E ratio of 14.78, a price-to-earnings-growth ratio of 1.02 and a beta of 1.33. Huntington Bancshares has a 12 month low of $12.14 and a 12 month high of $16.60.

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 2nd. Shareholders of record on Monday, March 19th were given a dividend of $0.11 per share. The ex-dividend date of this dividend was Friday, March 16th. This represents a $0.44 annualized dividend and a yield of 3.04%. Huntington Bancshares’s payout ratio is 44.90%.

Institutional investors and hedge funds have recently modified their holdings of the company. CIBC World Markets Inc. bought a new stake in shares of Huntington Bancshares in the 4th quarter worth approximately $201,000. Wells Fargo & Company MN boosted its position in shares of Huntington Bancshares by 19.6% in the 4th quarter. Wells Fargo & Company MN now owns 4,610,414 shares of the bank’s stock worth $67,128,000 after purchasing an additional 754,308 shares in the last quarter. Ferris Capital LLC bought a new stake in shares of Huntington Bancshares in the 4th quarter worth approximately $444,000. Macquarie Group Ltd. boosted its position in shares of Huntington Bancshares by 18.7% in the 4th quarter. Macquarie Group Ltd. now owns 847,190 shares of the bank’s stock worth $13,892,000 after purchasing an additional 133,654 shares in the last quarter. Finally, Mackenzie Financial Corp bought a new stake in shares of Huntington Bancshares in the 4th quarter worth approximately $20,189,000. 73.92% of the stock is currently owned by hedge funds and other institutional investors.

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About Huntington Bancshares

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's Consumer and Business Banking segment offers financial products and services, such as checking accounts, savings accounts, money market accounts, certificates of deposit, consumer loans, and small business loans; and investments, mortgages, insurance, interest rate risk protection, and foreign exchange and treasury management services.

Earnings History and Estimates for Huntington Bancshares (NASDAQ:HBAN)

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