Huntington Bancshares Incorporated (NASDAQ:HBAN – Get Rating) – DA Davidson issued their FY2022 earnings per share (EPS) estimates for Huntington Bancshares in a report issued on Wednesday, December 21st. DA Davidson analyst P. Winter expects that the bank will post earnings per share of $1.50 for the year. DA Davidson has a "Neutral" rating and a $15.00 price target on the stock. The consensus estimate for Huntington Bancshares' current full-year earnings is $1.47 per share.

A number of other equities analysts have also recently weighed in on HBAN. JPMorgan Chase & Co. cut Huntington Bancshares from a "neutral" rating to an "underweight" rating and lowered their price target for the stock from $15.50 to $14.50 in a report on Tuesday, December 13th. StockNews.com began coverage on shares of Huntington Bancshares in a research note on Wednesday, October 12th. They set a "hold" rating for the company. Morgan Stanley raised shares of Huntington Bancshares from an "equal weight" rating to an "overweight" rating and boosted their price target for the company from $16.00 to $19.00 in a research note on Monday, December 5th. Wolfe Research increased their price objective on shares of Huntington Bancshares from $13.00 to $14.00 in a research report on Thursday, December 1st. Finally, Royal Bank of Canada boosted their target price on Huntington Bancshares from $17.00 to $18.00 and gave the company an "outperform" rating in a research report on Friday, November 11th. Four investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Huntington Bancshares has a consensus rating of "Hold" and an average price target of $16.00.

Huntington Bancshares Trading Up 1.0 %

Huntington Bancshares (NASDAQ:HBAN – Get Rating) last announced its quarterly earnings data on Friday, October 21st. The bank reported $0.39 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.38 by $0.01. Huntington Bancshares had a net margin of 27.34% and a return on equity of 13.76%. The firm had revenue of $1.91 billion during the quarter, compared to analyst estimates of $1.84 billion. During the same quarter in the prior year, the firm posted $0.35 earnings per share.

Institutional Trading of Huntington Bancshares

A number of large investors have recently made changes to their positions in the company. Bank of New York Mellon Corp increased its position in Huntington Bancshares by 3.6% during the third quarter. Bank of New York Mellon Corp now owns 14,313,013 shares of the bank's stock worth $188,647,000 after buying an additional 495,031 shares during the period. Bridgefront Capital LLC purchased a new position in shares of Huntington Bancshares during the third quarter worth approximately $319,000. Invst LLC increased its holdings in shares of Huntington Bancshares by 11.6% in the 3rd quarter. Invst LLC now owns 59,731 shares of the bank's stock valued at $790,000 after acquiring an additional 6,201 shares during the period. Continental Investors Services Inc. purchased a new stake in Huntington Bancshares in the 3rd quarter valued at $145,000. Finally, IHT Wealth Management LLC acquired a new stake in Huntington Bancshares during the 3rd quarter worth $195,000. 80.43% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Huntington Bancshares

In other Huntington Bancshares news, VP Michael Scott Jones sold 50,000 shares of the firm's stock in a transaction on Tuesday, November 29th. The stock was sold at an average price of $15.25, for a total value of $762,500.00. Following the sale, the vice president now directly owns 52,647 shares in the company, valued at $802,866.75. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, Director Gary Torgow purchased 16,835 shares of Huntington Bancshares stock in a transaction that occurred on Tuesday, October 25th. The stock was purchased at an average cost of $14.75 per share, with a total value of $248,316.25. Following the completion of the transaction, the director now directly owns 910,136 shares in the company, valued at $13,424,506. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Michael Scott Jones sold 50,000 shares of the firm's stock in a transaction dated Tuesday, November 29th. The stock was sold at an average price of $15.25, for a total value of $762,500.00. Following the transaction, the vice president now directly owns 52,647 shares in the company, valued at approximately $802,866.75. The disclosure for this sale can be found here. In the last three months, insiders sold 87,804 shares of company stock valued at $1,346,779. Insiders own 0.72% of the company's stock.

Huntington Bancshares Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 3rd. Stockholders of record on Monday, December 19th will be issued a $0.155 dividend. The ex-dividend date of this dividend is Friday, December 16th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 4.41%. Huntington Bancshares's payout ratio is 48.06%.

Huntington Bancshares Company Profile

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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 operates through four segments: Consumer and Business Banking; Commercial Banking; Vehicle Finance; and Regional Banking and The Huntington Private Client Group (RBHPCG).

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