Q1 2019 EPS Estimates for Huntington Bancshares Incorporated (NASDAQ:HBAN) Reduced by Analyst

Huntington Bancshares Incorporated (NASDAQ:HBAN) – Stock analysts at Wedbush lowered their Q1 2019 earnings estimates for Huntington Bancshares in a report issued on Wednesday, March 27th, Zacks Investment Research reports. Wedbush analyst P. Winter now anticipates that the bank will post earnings per share of $0.32 for the quarter, down from their prior forecast of $0.33.

Several other equities analysts also recently issued reports on HBAN. Zacks Investment Research downgraded shares of Huntington Bancshares from a “hold” rating to a “sell” rating in a report on Monday, January 7th. BidaskClub upgraded shares of Huntington Bancshares from a “strong sell” rating to a “sell” rating in a report on Saturday, January 19th. Vining Sparks restated a “buy” rating and set a $18.00 price objective on shares of Huntington Bancshares in a report on Thursday, January 24th. Finally, Jefferies Financial Group downgraded shares of Huntington Bancshares from a “buy” rating to a “hold” rating and set a $14.00 price objective on the stock. in a report on Monday, January 28th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the stock. Huntington Bancshares presently has a consensus rating of “Hold” and a consensus price target of $16.18.

Shares of HBAN traded down $0.22 during mid-day trading on Friday, hitting $13.61. 13,804,819 shares of the company traded hands, compared to its average volume of 13,620,702. Huntington Bancshares has a 1-year low of $11.12 and a 1-year high of $16.52. The company has a quick ratio of 0.86, a current ratio of 0.87 and a debt-to-equity ratio of 0.87. The company has a market cap of $14.30 billion, a P/E ratio of 11.34, a price-to-earnings-growth ratio of 1.13 and a beta of 1.35.

Huntington Bancshares (NASDAQ:HBAN) last posted its quarterly earnings data on Thursday, January 24th. The bank reported $0.29 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by ($0.02). Huntington Bancshares had a net margin of 26.43% and a return on equity of 13.93%. The company had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.16 billion. During the same quarter last year, the company earned $0.26 EPS.

Institutional investors have recently added to or reduced their stakes in the business. Financial Gravity Companies Inc. purchased a new stake in Huntington Bancshares in the 4th quarter worth approximately $25,000. JOYN Advisors Inc. boosted its position in Huntington Bancshares by 207.5% in the 4th quarter. JOYN Advisors Inc. now owns 2,079 shares of the bank’s stock worth $25,000 after purchasing an additional 1,403 shares in the last quarter. FTB Advisors Inc. boosted its position in Huntington Bancshares by 1,100.5% in the 4th quarter. FTB Advisors Inc. now owns 2,401 shares of the bank’s stock worth $28,000 after purchasing an additional 2,201 shares in the last quarter. We Are One Seven LLC purchased a new stake in Huntington Bancshares in the 4th quarter worth approximately $29,000. Finally, Transamerica Financial Advisors Inc. boosted its position in Huntington Bancshares by 562.0% in the 4th quarter. Transamerica Financial Advisors Inc. now owns 2,721 shares of the bank’s stock worth $33,000 after purchasing an additional 2,310 shares in the last quarter. Institutional investors and hedge funds own 79.02% of the company’s stock.

In related news, EVP Mark E. Thompson sold 18,510 shares of the stock in a transaction that occurred on Monday, January 28th. The shares were sold at an average price of $13.49, for a total value of $249,699.90. Following the transaction, the executive vice president now owns 667,175 shares in the company, valued at approximately $9,000,190.75. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Kathleen H. Ransier sold 3,067 shares of the stock in a transaction that occurred on Wednesday, February 27th. The stock was sold at an average price of $14.30, for a total transaction of $43,858.10. The disclosure for this sale can be found here. In the last quarter, insiders sold 81,577 shares of company stock worth $1,116,158. 1.22% of the stock is owned by corporate insiders.

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

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