Analysts expect Huntington Bancshares Incorporated (NASDAQ:HBAN) to announce sales of $1.10 billion for the current quarter, according to Zacks. Six analysts have made estimates for Huntington Bancshares’ earnings, with the highest sales estimate coming in at $1.11 billion and the lowest estimate coming in at $1.08 billion. Huntington Bancshares posted sales of $1.04 billion during the same quarter last year, which suggests a positive year over year growth rate of 5.8%. The business is scheduled to issue its next quarterly earnings results on Wednesday, April 18th.
According to Zacks, analysts expect that Huntington Bancshares will report full-year sales of $1.10 billion for the current financial year, with estimates ranging from $4.57 billion to $4.61 billion. For the next fiscal year, analysts anticipate that the company will post sales of $4.78 billion per share, with estimates ranging from $4.61 billion to $4.88 billion. Zacks’ sales calculations are an average based on a survey of analysts that follow Huntington Bancshares.
Huntington Bancshares (NASDAQ:HBAN) last announced its quarterly earnings data on Tuesday, January 23rd. The bank reported $0.26 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.26. The business had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.10 billion. Huntington Bancshares had a net margin of 25.02% and a return on equity of 12.12%. During the same period in the prior year, the firm posted $0.18 EPS.
Institutional investors and hedge funds have recently bought and sold shares of the company. Rhumbline Advisers raised its stake in shares of Huntington Bancshares by 2.9% during the third quarter. Rhumbline Advisers now owns 2,072,978 shares of the bank’s stock valued at $28,939,000 after purchasing an additional 58,161 shares during the period. BNP Paribas Arbitrage SA raised its stake in shares of Huntington Bancshares by 39.6% during the third quarter. BNP Paribas Arbitrage SA now owns 723,671 shares of the bank’s stock valued at $10,102,000 after purchasing an additional 205,325 shares during the period. CIBC World Markets Inc. purchased a new stake in shares of Huntington Bancshares during the fourth quarter valued at approximately $201,000. Capital International Investors raised its stake in shares of Huntington Bancshares by 13.2% during the third quarter. Capital International Investors now owns 49,719,215 shares of the bank’s stock valued at $694,080,000 after purchasing an additional 5,800,000 shares during the period. Finally, Wells Fargo & Company MN raised its stake in shares of Huntington Bancshares by 19.6% during the fourth quarter. Wells Fargo & Company MN now owns 4,610,414 shares of the bank’s stock valued at $67,128,000 after purchasing an additional 754,308 shares during the period. Institutional investors own 73.34% of the company’s stock.
Huntington Bancshares (HBAN) opened at $16.50 on Friday. Huntington Bancshares has a 1-year low of $12.14 and a 1-year high of $16.53. 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 $17,690.00, a P/E ratio of 18.97, a P/E/G ratio of 1.23 and a beta of 1.33.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 2nd. Stockholders of record on Monday, March 19th will be paid a dividend of $0.11 per share. The ex-dividend date of this dividend is Friday, March 16th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 2.67%. Huntington Bancshares’s dividend payout ratio is currently 50.57%.
About Huntington Bancshares
Huntington Bancshares Incorporated (Huntington) is a bank holding company. Through its subsidiaries, including its bank subsidiary, The Huntington National Bank (the Bank), the Company provides commercial and consumer banking services, mortgage banking services, automobile financing, recreational vehicle and marine financing, equipment leasing, investment management, trust services, brokerage services, insurance programs, and other financial products and services.
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