DA Davidson Reaffirms Buy Rating for Huntington Bancshares (NASDAQ:HBAN)

Huntington Bancshares (NASDAQ:HBAN)‘s stock had its “buy” rating restated by analysts at DA Davidson in a note issued to investors on Tuesday,Benzinga reports. They currently have a $21.00 target price on the bank’s stock. DA Davidson’s price objective indicates a potential upside of 38.52% from the stock’s previous close. DA Davidson also issued estimates for Huntington Bancshares’ FY2026 earnings at $1.68 EPS.

Several other equities research analysts have also issued reports on HBAN. TD Cowen lifted their price target on shares of Huntington Bancshares from $22.00 to $23.00 and gave the company a “buy” rating in a report on Tuesday. Wall Street Zen downgraded shares of Huntington Bancshares from a “hold” rating to a “sell” rating in a research report on Sunday, October 19th. Citigroup lifted their target price on shares of Huntington Bancshares from $20.00 to $21.00 and gave the stock a “buy” rating in a research report on Friday, September 19th. Jefferies Financial Group lifted their target price on shares of Huntington Bancshares from $21.00 to $22.00 and gave the stock a “buy” rating in a research report on Wednesday, September 24th. Finally, Morgan Stanley lifted their target price on shares of Huntington Bancshares from $19.00 to $23.00 and gave the stock an “overweight” rating in a research report on Monday, September 29th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $19.82.

Huntington Bancshares Trading Down 2.4%

Shares of Huntington Bancshares stock opened at $15.16 on Tuesday. The firm has a market capitalization of $22.12 billion, a PE ratio of 10.60, a price-to-earnings-growth ratio of 0.68 and a beta of 0.96. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 0.89. The firm’s 50 day moving average is $16.94 and its 200 day moving average is $16.27. Huntington Bancshares has a 1 year low of $11.91 and a 1 year high of $18.44.

Huntington Bancshares (NASDAQ:HBAN) last announced its quarterly earnings results on Wednesday, June 11th. The bank reported $0.28 earnings per share (EPS) for the quarter. The company had revenue of $469.00 million for the quarter. Huntington Bancshares had a net margin of 18.06% and a return on equity of 12.14%. Equities research analysts forecast that Huntington Bancshares will post 1.39 earnings per share for the current fiscal year.

Insider Activity

In other news, EVP Marcy C. Hingst sold 41,100 shares of the business’s stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $18.00, for a total value of $739,800.00. Following the transaction, the executive vice president owned 299,361 shares in the company, valued at approximately $5,388,498. The trade was a 12.07% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.89% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Family Legacy Financial Solutions LLC acquired a new position in shares of Huntington Bancshares in the 2nd quarter worth approximately $25,000. MTM Investment Management LLC acquired a new position in shares of Huntington Bancshares in the 2nd quarter worth approximately $25,000. Smallwood Wealth Investment Management LLC bought a new stake in shares of Huntington Bancshares in the 1st quarter valued at $29,000. Quarry LP increased its stake in shares of Huntington Bancshares by 73.0% in the 1st quarter. Quarry LP now owns 1,929 shares of the bank’s stock valued at $29,000 after acquiring an additional 814 shares in the last quarter. Finally, Catalyst Capital Advisors LLC bought a new stake in shares of Huntington Bancshares in the 2nd quarter valued at $30,000. Institutional investors and hedge funds own 80.72% of the company’s stock.

About Huntington Bancshares

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.