Huntington Bancshares Q1 Earnings Predictions

Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) has recently attracted attention as analysts provide insights into the bank's financial outlook for the upcoming quarter. On January 21, 2025, DA Davidson released a research report forecasting that Huntington Bancshares will achieve earnings of $0.31 per share in Q1 2025. P. Winter, an analyst at DA Davidson, maintains a "Buy" rating for the bank's stock, coupled with a price target of $17.50.

The consensus estimate for Huntington Bancshares' overall earnings for the current fiscal year stands at $1.36 per share. This indicates that analysts remain optimistic about the bank's profitability in the near term.

Recently, Huntington Bancshares released its earnings results on January 17, revealing that the bank had earned $0.34 per share for the previous quarter. This figure exceeded the consensus estimate of $0.31 by $0.03. The bank reported a return on equity of 11.23% and a net margin of 16.23%, marking significant growth compared to the $0.27 per share recorded during the same quarter the previous year.

Analyst Ratings and Price Targets

Multiple equities research analysts have expressed their views on Huntington Bancshares. On January 21, Stephens reaffirmed an "equal weight" rating, setting a price target of $18.50 for the shares. In contrast, the Goldman Sachs Group raised their target from $16.25 to $20.00 and assigned a "buy" rating. Similarly, JPMorgan Chase & Co. increased their target price from $18.50 to $20.00, reiterating their "overweight" rating.

Piper Sandler took a more conservative approach, reducing their price target for Huntington Bancshares from $17.50 to $17.00 and rating the company as "underweight." Meanwhile, Keefe, Bruyette & Woods raised their target to $19.00, giving it a "market perform" rating. Overall, with one analyst rating the stock as "sell," six as "hold," and thirteen as "buy," Huntington Bancshares maintains a consensus rating of "Moderate Buy" with an average target price of $18.06.

Current Performance and Market Capitalization

As of Wednesday, shares of HBAN opened at $17.10. The bank exhibits a debt-to-equity ratio of 0.92, with a current ratio of 0.89 and a quick ratio of 0.88. The stock has been consistently performing, evidenced by its fifty-day moving average of $17.04 and a two-hundred-day moving average of $15.54. Currently, Huntington Bancshares holds a market capitalization of $24.84 billion and sports a price-to-earnings (P/E) ratio of 13.90.

The bank's stock experienced a twelve-month low of $12.05 and a high of $18.44, showcasing substantial volatility and investor interest.

Institutional Investor Activity

In recent months, various hedge funds and institutional investors have actively adjusted their positions in Huntington Bancshares. For instance, State Street Corp increased its stake by 10.3%, now holding shares valued at $1.18 billion. Charles Schwab Investment Management also raised its holdings, owning shares worth approximately $921.78 million after a 2.5% boost in the third quarter.

Geode Capital Management increased its ownership by 1.3%, now holding shares valued at $540.42 million. Additionally, FMR LLC expanded its position by 16.8%, and Victory Capital Management grew its holdings by 13.2%. A total of 80.72% of Huntington Bancshares' stock is owned by institutional investors.

Insider Transactions and Company News

In terms of insider trading, CFO Zachary Jacob Wasserman sold 8,644 shares recently at an average price of $17.63, totaling approximately $152,393. Following this transaction, he continues to hold 259,943 shares valued at around $4.58 million.

The company is also set to distribute a quarterly dividend on April 1st. Shareholders recorded on March 18th will receive $0.155 per share, equating to an annualized dividend of $0.62 with a yield of 3.63%. The current dividend payout ratio for Huntington Bancshares stands at 50.41%.

Can Huntington Bancshares Continue to Perform?

As Huntington Bancshares continues to navigate the evolving financial landscape, investor confidence remains partially informed by institutional buy-in and analyst ratings. The key indicators suggest cautious optimism for the bank's upcoming quarter, though market dynamics and regulatory changes will play a significant role in shaping future performance.

Huntington Bancshares Incorporated operates as a bank holding company that provides a broad array of financial services, including commercial, consumer, and mortgage banking within the United States. This range of services positions the company as a key player in the banking sector.

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