Stephens Lowers Huntington Bancshares (NASDAQ:HBAN) Price Target to $18.00

Huntington Bancshares (NASDAQ:HBAN) had its price objective decreased by equities research analysts at Stephens from $19.00 to $18.00 in a report released on Tuesday. Stephens’ price target would indicate a potential upside of 16.93% from the stock’s current price.

HBAN has been the topic of several other research reports. Wells Fargo & Company reduced their price target on shares of Huntington Bancshares from $23.00 to $21.00 and set an “overweight” rating on the stock in a research note on Wednesday, September 16th. JPMorgan Chase & Co. boosted their price objective on shares of Huntington Bancshares from $18.50 to $19.50 and gave the company an “overweight” rating in a research report on Monday, July 6th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $21.00 target price on shares of Huntington Bancshares in a research report on Tuesday, August 18th. Jefferies Financial Group decreased their price target on shares of Huntington Bancshares from $18.00 to $17.00 and set a “hold” rating for the company in a research note on Thursday. Finally, Truist Financial lowered their price target on Huntington Bancshares from $20.00 to $19.00 and set a “buy” rating for the company in a report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $19.84.

Huntington Bancshares Price Performance

Shares of HBAN stock opened at $15.39 on Tuesday. The stock has a 50 day moving average price of $17.11 and a 200 day moving average price of $16.69. Huntington Bancshares has a 52-week low of $14.89 and a 52-week high of $19.45. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.91 and a current ratio of 0.92. The firm has a market capitalization of $31.10 billion, a P/E ratio of 11.93, a P/E/G ratio of 0.90 and a beta of 0.92.

Huntington Bancshares (NASDAQ:HBAN) last released its earnings results on Thursday, July 23rd. The bank reported $0.39 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.39. Huntington Bancshares had a return on equity of 11.19% and a net margin of 16.64%.The business had revenue of $2.86 billion for the quarter, compared to analyst estimates of $2.84 billion. During the same quarter last year, the firm posted $0.34 earnings per share. Huntington Bancshares has set its FY 2026 guidance at 1.900-1.930 EPS. As a group, sell-side analysts predict that Huntington Bancshares will post 1.53 earnings per share for the current year.

Insider Buying and Selling at Huntington Bancshares

In other news, insider Kendall Kowalski sold 27,971 shares of the company’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $17.20, for a total value of $481,101.20. Following the completion of the sale, the insider owned 70,025 shares of the company’s stock, valued at approximately $1,204,430. This represents a 28.54% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.67% of the company’s stock.

Hedge Funds Weigh In On Huntington Bancshares

Several institutional investors have recently bought and sold shares of the business. BlackRock Inc. bought a new stake in Huntington Bancshares during the second quarter valued at about $3,134,426,000. Geode Capital Management LLC grew its position in shares of Huntington Bancshares by 7.7% in the 4th quarter. Geode Capital Management LLC now owns 43,171,993 shares of the bank’s stock worth $746,257,000 after buying an additional 3,074,673 shares during the last quarter. Victory Capital Management Inc. raised its stake in shares of Huntington Bancshares by 9.3% during the 4th quarter. Victory Capital Management Inc. now owns 37,412,989 shares of the bank’s stock worth $649,115,000 after acquiring an additional 3,182,001 shares in the last quarter. Norges Bank bought a new position in shares of Huntington Bancshares during the 4th quarter worth approximately $432,584,000. Finally, Dimensional Fund Advisors LP lifted its position in Huntington Bancshares by 27.2% during the first quarter. Dimensional Fund Advisors LP now owns 23,480,601 shares of the bank’s stock valued at $367,388,000 after acquiring an additional 5,026,894 shares during the last quarter. 80.72% of the stock is owned by hedge funds and other institutional investors.

About Huntington Bancshares

Huntington Bancshares Incorporated is a regional bank holding company headquartered in Columbus, Ohio. Its principal subsidiary, The Huntington National Bank, provides banking and financial services to consumers, businesses, institutions and government entities.

The company offers consumer and commercial deposit accounts, lending products, mortgage banking, wealth management, investment services, insurance, payment solutions and treasury management. Its lending activities include residential mortgages, auto loans, consumer credit, small-business financing and commercial loans.

Founded in 1866, Huntington serves customers through branches, digital banking channels and business offices across the Midwest and other selected markets.