Huntington Bancshares’ (HBAN) “Buy” Rating Reiterated at TD Cowen

Huntington Bancshares (NASDAQ:HBAN)‘s stock had its “buy” rating restated by investment analysts at TD Cowen in a research note issued to investors on Thursday, Benzinga reports. They currently have a $18.00 price objective on the bank’s stock. TD Cowen’s price target would suggest a potential upside of 18.85% from the stock’s previous close.

A number of other equities analysts also recently weighed in on HBAN. JPMorgan Chase & Co. dropped their target price on Huntington Bancshares from $19.50 to $17.50 and set an “overweight” rating on the stock in a report on Friday, October 2nd. Evercore decreased their price target on shares of Huntington Bancshares from $20.00 to $18.00 and set an “outperform” rating for the company in a report on Friday, September 18th. Bank of America reaffirmed a “neutral” rating and set a $18.50 price objective (down from $20.00) on shares of Huntington Bancshares in a research report on Monday, July 27th. Robert W. Baird boosted their price target on shares of Huntington Bancshares from $20.00 to $21.00 and gave the company an “outperform” rating in a report on Friday, July 24th. Finally, Morgan Stanley restated an “equal weight” rating and issued a $19.00 price objective (down from $21.00) on shares of Huntington Bancshares in a report on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Huntington Bancshares currently has an average rating of “Moderate Buy” and an average price target of $19.19.

Huntington Bancshares Price Performance

Shares of NASDAQ HBAN opened at $15.14 on Thursday. The stock has a market cap of $30.60 billion, a P/E ratio of 11.74, a P/E/G ratio of 0.93 and a beta of 0.95. The firm’s 50-day simple moving average is $16.63 and its 200 day simple moving average is $16.67. Huntington Bancshares has a fifty-two week low of $14.82 and a fifty-two week high of $19.45. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 0.63.

Huntington Bancshares (NASDAQ:HBAN) last announced its quarterly earnings data on Thursday, July 23rd. The bank reported $0.39 earnings per share for the quarter, meeting the consensus estimate 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 during the quarter, compared to analyst estimates of $2.84 billion. During the same quarter in the prior year, the firm posted $0.34 earnings per share. Huntington Bancshares has set its FY 2026 guidance at 1.900-1.930 EPS. Equities analysts expect that Huntington Bancshares will post 1.55 EPS 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 dated Monday, August 3rd. The stock was sold at an average price of $17.20, for a total transaction of $481,101.20. Following the completion of the sale, the insider owned 70,025 shares in the company, valued at approximately $1,204,430. This represents a 28.54% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.67% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. MV Capital Management Inc. acquired a new position in Huntington Bancshares in the 4th quarter valued at $25,000. Centennial Bank AR bought a new position in shares of Huntington Bancshares in the fourth quarter worth about $28,000. Trust Co. of Vermont acquired a new position in shares of Huntington Bancshares during the 2nd quarter worth about $29,000. Johnson Financial Group Inc. bought a new stake in Huntington Bancshares during the 2nd quarter valued at approximately $31,000. Finally, N.E.W. Advisory Services LLC bought a new stake in Huntington Bancshares during the 2nd quarter valued at approximately $35,000. 80.72% of the stock is owned by institutional investors.

Huntington Bancshares Company Profile

Huntington Bancshares Incorporated is a regional bank holding company headquartered in Columbus, Ohio. Its principal subsidiary, The Huntington National Bank, provides consumer, small-business and commercial banking services through branch offices, digital banking channels and automated teller machines.

The company offers deposit accounts, residential and commercial mortgages, home equity lending, auto loans, personal lending, credit cards and other consumer financial products. Its business banking operations provide lending, treasury management, payment processing and capital markets services, while its wealth management and insurance businesses serve individuals, families and institutions.

Founded in 1866, Huntington has developed a banking franchise across the Midwest, with a presence in states including Ohio, Michigan, Pennsylvania, Indiana, West Virginia, Kentucky, Illinois and Wisconsin.