What is DA Davidson’s Estimate for HBAN FY2025 Earnings?

Huntington Bancshares Incorporated (NASDAQ:HBAN) – Analysts at DA Davidson raised their FY2025 earnings per share estimates for shares of Huntington Bancshares in a research note issued to investors on Tuesday, January 21st. DA Davidson analyst P. Winter now expects that the bank will post earnings per share of $1.58 for the year, up from their prior forecast of $1.39. DA Davidson currently has a “Buy” rating and a $17.50 price target on the stock. The consensus estimate for Huntington Bancshares’ current full-year earnings is $1.37 per share.

Huntington Bancshares (NASDAQ:HBAN) last posted its quarterly earnings results on Friday, January 17th. The bank reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.03. Huntington Bancshares had a return on equity of 11.23% and a net margin of 16.23%. During the same quarter in the prior year, the firm posted $0.27 earnings per share.

A number of other brokerages also recently weighed in on HBAN. Keefe, Bruyette & Woods raised their price objective on Huntington Bancshares from $16.00 to $19.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. Sandler O’Neill reaffirmed a “buy” rating on shares of Huntington Bancshares in a research report on Friday, October 18th. StockNews.com raised Huntington Bancshares from a “sell” rating to a “hold” rating in a research report on Thursday, December 12th. Stephens reissued an “equal weight” rating and set a $18.50 price objective on shares of Huntington Bancshares in a report on Tuesday. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $20.00 price objective on shares of Huntington Bancshares in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $18.06.

Huntington Bancshares Stock Down 1.4 %

Shares of HBAN stock opened at $16.86 on Thursday. The stock’s 50 day simple moving average is $17.02 and its 200 day simple moving average is $15.55. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.88 and a current ratio of 0.89. Huntington Bancshares has a twelve month low of $12.05 and a twelve month high of $18.44. The company has a market capitalization of $24.49 billion, a price-to-earnings ratio of 13.71, a PEG ratio of 1.43 and a beta of 1.07.

Huntington Bancshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 18th will be given a $0.155 dividend. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.62 annualized dividend and a yield of 3.68%. Huntington Bancshares’s payout ratio is 50.41%.

Insider Transactions at Huntington Bancshares

In other news, VP Scott D. Kleinman sold 28,600 shares of the business’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $17.67, for a total transaction of $505,362.00. Following the completion of the sale, the vice president now owns 496,076 shares in the company, valued at $8,765,662.92. The trade was a 5.45 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Zachary Jacob Wasserman sold 8,644 shares of the business’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $17.63, for a total value of $152,393.72. Following the sale, the chief financial officer now owns 259,943 shares of the company’s stock, valued at approximately $4,582,795.09. The trade was a 3.22 % decrease in their position. The disclosure for this sale can be found here. 0.89% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Intech Investment Management LLC acquired a new position in Huntington Bancshares during the second quarter valued at approximately $426,000. Pacer Advisors Inc. boosted its position in Huntington Bancshares by 4.6% during the second quarter. Pacer Advisors Inc. now owns 103,822 shares of the bank’s stock valued at $1,368,000 after purchasing an additional 4,541 shares during the last quarter. Sei Investments Co. boosted its position in Huntington Bancshares by 6.3% during the second quarter. Sei Investments Co. now owns 635,013 shares of the bank’s stock valued at $8,369,000 after purchasing an additional 37,816 shares during the last quarter. Summit Trail Advisors LLC boosted its position in Huntington Bancshares by 8.5% during the second quarter. Summit Trail Advisors LLC now owns 16,479 shares of the bank’s stock valued at $220,000 after purchasing an additional 1,294 shares during the last quarter. Finally, Ensign Peak Advisors Inc boosted its position in Huntington Bancshares by 10.5% during the second quarter. Ensign Peak Advisors Inc now owns 792,641 shares of the bank’s stock valued at $10,447,000 after purchasing an additional 75,130 shares during the last quarter. 80.72% of the stock is owned by institutional investors and hedge funds.

Huntington Bancshares Company Profile

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.