Piper Sandler Forecasts Strong Price Appreciation for Huntington Bancshares (NASDAQ:HBAN) Stock

Huntington Bancshares (NASDAQ:HBAN) had its price objective increased by analysts at Piper Sandler from $16.00 to $17.00 in a note issued to investors on Thursday,MarketScreener reports. The firm currently has an “underweight” rating on the bank’s stock. Piper Sandler’s price objective suggests a potential downside of 3.63% from the company’s previous close.

HBAN has been the topic of several other research reports. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $21.00 price target on shares of Huntington Bancshares in a research report on Monday, January 12th. Keefe, Bruyette & Woods dropped their target price on shares of Huntington Bancshares from $20.00 to $19.50 and set a “market perform” rating on the stock in a report on Friday. Zacks Research downgraded Huntington Bancshares from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 2nd. Morgan Stanley increased their price target on Huntington Bancshares from $19.00 to $23.00 and gave the company an “overweight” rating in a research note on Monday, September 29th. Finally, Evercore ISI initiated coverage on shares of Huntington Bancshares in a report on Tuesday, October 21st. They issued an “outperform” rating and a $18.00 price objective on the stock. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $20.11.

Huntington Bancshares Trading Down 6.0%

Shares of NASDAQ:HBAN opened at $17.64 on Thursday. The firm has a market cap of $27.78 billion, a price-to-earnings ratio of 12.34, a PEG ratio of 0.70 and a beta of 0.95. Huntington Bancshares has a 12 month low of $11.91 and a 12 month high of $18.91. The company’s fifty day simple moving average is $17.24 and its 200 day simple moving average is $16.88. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 0.89.

Huntington Bancshares (NASDAQ:HBAN) last posted its quarterly earnings data on Thursday, January 22nd. The bank reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.03). The firm had revenue of $2.19 billion for the quarter, compared to analyst estimates of $2.21 billion. Huntington Bancshares had a return on equity of 12.14% and a net margin of 18.06%.During the same period in the prior year, the company earned $0.34 earnings per share. As a group, research analysts forecast that Huntington Bancshares will post 1.39 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Helga Houston sold 64,587 shares of the firm’s stock in a transaction on Friday, November 21st. The stock was sold at an average price of $15.38, for a total transaction of $993,348.06. Following the completion of the transaction, the insider directly owned 534,640 shares of the company’s stock, valued at $8,222,763.20. This trade represents a 10.78% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Amit Dhingra sold 10,000 shares of the stock in a transaction dated Thursday, January 8th. The shares were sold at an average price of $18.50, for a total value of $185,000.00. Following the completion of the sale, the insider directly owned 155,634 shares of the company’s stock, valued at approximately $2,879,229. The trade was a 6.04% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 97,863 shares of company stock valued at $1,581,634 over the last ninety days. 0.89% of the stock is currently owned by corporate insiders.

Institutional Trading of Huntington Bancshares

Several hedge funds have recently modified their holdings of HBAN. Sumitomo Mitsui Trust Group Inc. grew its holdings in Huntington Bancshares by 10.1% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,273,047 shares of the bank’s stock worth $74,137,000 after purchasing an additional 391,074 shares during the period. Carnegie Investment Counsel boosted its position in shares of Huntington Bancshares by 11.0% during the 4th quarter. Carnegie Investment Counsel now owns 548,099 shares of the bank’s stock worth $9,510,000 after purchasing an additional 54,333 shares in the last quarter. Apollon Wealth Management LLC grew its stake in shares of Huntington Bancshares by 66.7% in the 4th quarter. Apollon Wealth Management LLC now owns 37,145 shares of the bank’s stock valued at $644,000 after buying an additional 14,861 shares during the period. Vista Investment Partners II LLC increased its position in Huntington Bancshares by 0.8% in the 4th quarter. Vista Investment Partners II LLC now owns 121,194 shares of the bank’s stock valued at $2,103,000 after buying an additional 938 shares in the last quarter. Finally, Kennebec Savings Bank raised its stake in Huntington Bancshares by 3.8% during the 4th quarter. Kennebec Savings Bank now owns 33,319 shares of the bank’s stock worth $578,000 after buying an additional 1,206 shares during the period. Institutional investors own 80.72% of the company’s stock.

Huntington Bancshares News Summary

Here are the key news stories impacting Huntington Bancshares this week:

• Positive Sentiment: Board reaffirmed capital return — Huntington declared an unchanged quarterly common dividend of $0.155 per share (payable Apr 1; record/ex-dividend Mar 18), supporting yield (~3.5%) and signaling capital stability. PR Newswire
• Positive Sentiment: Management highlighted growth and momentum on the Q4 call (accelerating organic growth, expanded margin, and good credit metrics), which supports the outlook for continued NII and franchise expansion (including Southern U.S. efforts). TipRanks Earnings Call Summary
• Positive Sentiment: Prominent market commentator Jim Cramer publicly praised Huntington, which can boost retail sentiment and trading interest. Yahoo Finance
• Neutral Sentiment: Analyst target trimmed — Keefe, Bruyette & Woods cut its target from $20 to $19.50 and kept a “market perform” rating; the new target still implies upside from current levels but reflects more cautious near-term expectations. Benzinga
• Neutral Sentiment: Full Q4 earnings call transcripts and summaries are available (MSN, Seeking Alpha, Yahoo) for investors who want detail on guidance, margin drivers, and credit trends. Useful for modelling near-term results and capital planning. MSN Transcript
• Negative Sentiment: Q4 missed consensus — reported EPS $0.37 vs. ~$0.40 consensus and revenue $2.19B vs. ~$2.21B; some outlets emphasize a year-over-year rise in expenses and credit provisions that pressured results and drove near-term share weakness. MarketBeat / Press Release
• Negative Sentiment: Market reaction: coverage notes the stock fell after the miss — investors are weighing the earnings shortfall and rising costs against positive NII and expansion plans, increasing near-term volatility. The Motley Fool

Huntington Bancshares Company Profile

Huntington Bancshares Incorporated (NASDAQ: HBAN) is a bank holding company headquartered in Columbus, Ohio, that provides a broad range of banking and financial services through its principal subsidiary, Huntington National Bank. The company’s operations are centered on retail and commercial banking, and it serves individual consumers, small and middle-market businesses, and institutional customers.

Huntington’s product offerings include traditional deposit and lending products, consumer and commercial loans, mortgage origination and servicing, auto financing, and business banking solutions.