Raymond James Financial Boosts Huntington Bancshares (NASDAQ:HBAN) Price Target to $21.00

Huntington Bancshares (NASDAQ:HBAN) had its price objective lifted by Raymond James Financial from $20.00 to $21.00 in a note issued to investors on Friday,MarketScreener reports. The brokerage presently has a “strong-buy” rating on the bank’s stock. Raymond James Financial’s price target suggests a potential upside of 20.86% from the stock’s previous close.

A number of other research firms have also weighed in on HBAN. Weiss Ratings reiterated a “buy (b-)” rating on shares of Huntington Bancshares in a report on Thursday. The Goldman Sachs Group reissued a “buy” rating and set a $21.00 price objective on shares of Huntington Bancshares in a research report on Tuesday, January 6th. Barclays boosted their price target on shares of Huntington Bancshares from $19.00 to $20.00 and gave the company an “equal weight” rating in a research report on Monday, January 5th. TD Cowen boosted their price objective on Huntington Bancshares from $22.00 to $23.00 and gave the stock a “buy” rating in a research note on Tuesday, October 28th. Finally, Wall Street Zen lowered Huntington Bancshares from a “hold” rating to a “sell” rating in a report on Saturday, November 15th. Two analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Huntington Bancshares currently has a consensus rating of “Moderate Buy” and a consensus target price of $20.05.

Huntington Bancshares Stock Down 1.5%

HBAN opened at $17.38 on Friday. Huntington Bancshares has a 12 month low of $11.91 and a 12 month high of $18.91. The company has a current ratio of 0.93, a quick ratio of 0.91 and a debt-to-equity ratio of 0.80. The business’s 50-day moving average price is $17.28 and its 200-day moving average price is $16.88. The company has a market cap of $27.36 billion, a P/E ratio of 12.50, a P/E/G ratio of 0.66 and a beta of 0.95.

Huntington Bancshares (NASDAQ:HBAN) last issued its earnings results 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 company had revenue of $2.19 billion for the quarter, compared to analysts’ expectations of $2.21 billion. Huntington Bancshares had a net margin of 17.71% and a return on equity of 11.98%. During the same quarter in the prior year, the company earned $0.34 earnings per share. On average, equities analysts expect that Huntington Bancshares will post 1.39 EPS for the current year.

Insider Transactions at Huntington Bancshares

In other news, insider Helga Houston sold 64,587 shares of the company’s stock in a transaction on Friday, November 21st. The stock was sold at an average price of $15.38, for a total value of $993,348.06. Following the transaction, the insider owned 534,640 shares of the company’s stock, valued at $8,222,763.20. This represents a 10.78% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Kendall A. Kowalski sold 2,481 shares of Huntington Bancshares stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $17.80, for a total transaction of $44,161.80. Following the sale, the insider owned 71,566 shares of the company’s stock, valued at approximately $1,273,874.80. This represents a 3.35% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 97,863 shares of company stock worth $1,581,634 in the last three months. 0.89% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of HBAN. Vanguard Group Inc. increased its stake in Huntington Bancshares by 0.4% during the third quarter. Vanguard Group Inc. now owns 176,980,819 shares of the bank’s stock worth $3,056,459,000 after purchasing an additional 680,601 shares during the period. Boston Partners increased its holdings in Huntington Bancshares by 3.9% during the 3rd quarter. Boston Partners now owns 63,302,953 shares of the bank’s stock worth $1,091,615,000 after purchasing an additional 2,363,905 shares during the period. Invesco Ltd. grew its position in shares of Huntington Bancshares by 1.5% during the third quarter. Invesco Ltd. now owns 59,062,922 shares of the bank’s stock worth $1,020,017,000 after buying an additional 861,263 shares in the last quarter. Geode Capital Management LLC raised its holdings in Huntington Bancshares by 1.7% in the second quarter. Geode Capital Management LLC now owns 39,450,879 shares of the bank’s stock valued at $658,541,000 after acquiring an additional 640,852 shares in the last quarter. Finally, Victory Capital Management Inc. grew its holdings in Huntington Bancshares by 15.7% during the 3rd quarter. Victory Capital Management Inc. now owns 34,230,988 shares of the bank’s stock worth $594,054,000 after acquiring an additional 4,640,302 shares in the last quarter. 80.72% of the stock is currently owned by hedge funds and other institutional investors.

More Huntington Bancshares News

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

• Positive Sentiment: Board keeps quarterly common dividend at $0.155 (annualized yield ~3.5%), signaling capital stability and supporting income investors. PR Newswire: Dividend Declaration
• Positive Sentiment: Morgan Stanley cut its price target to $21 but kept an “overweight” rating — implying ~21% upside from current levels and institutional confidence in longer-term upside. TickerReport: Morgan Stanley PT
• Positive Sentiment: Management emphasizes continued organic and digital growth, including opening branches nearly every two weeks as part of expansion into the South — a growth narrative that can support revenue/margin expansion over time. Fortune: Growth Strategy
• Positive Sentiment: Media and commentator support (e.g., Jim Cramer) highlights confidence in the franchise and long-term prospects, which can help sentiment among retail investors. Yahoo Finance: Jim Cramer
• Neutral Sentiment: Huntington is preparing a debt offering ahead of the Cadence Bank merger — a routine financing step for M&A but one to watch for size/terms that could affect leverage and funding cost. TipRanks: Debt Offering
• Neutral Sentiment: Keefe, Bruyette & Woods trimmed its price target to $19.50 and moved to “market perform” — a modest adjustment that still implies upside but signals more cautious expectations. Benzinga: KBW PT
• Negative Sentiment: Q4 results missed consensus: reported $0.37 EPS vs. ~$0.40 expected, revenue slightly below estimates, and a notable year-over-year rise in expenses/credit provisions — the primary catalyst for intraday weakness. MarketBeat: Q4 Results
• Negative Sentiment: Piper Sandler raised its target to $17 but kept an “underweight” rating, and that stance plus the earnings miss reinforces bearish analyst positioning for near-term performance. MarketScreener: Piper Sandler PT

About Huntington Bancshares

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.