Huntington Bancshares’ (HBAN) “Neutral” Rating Reiterated at Bank of America

Huntington Bancshares (NASDAQ:HBAN)‘s stock had its “neutral” rating reaffirmed by equities research analysts at Bank of America in a research note issued to investors on Monday,Benzinga reports. They currently have a $18.50 target price on the bank’s stock, down from their prior target price of $20.00. Bank of America‘s price objective suggests a potential upside of 6.57% from the company’s previous close.

A number of other equities analysts also recently commented on HBAN. Morgan Stanley restated an “equal weight” rating and issued a $19.00 target price (down from $21.00) on shares of Huntington Bancshares in a research note on Friday. JPMorgan Chase & Co. raised their price target on Huntington Bancshares from $18.50 to $19.50 and gave the stock an “overweight” rating in a report on Monday, July 6th. Weiss Ratings upgraded Huntington Bancshares from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, July 6th. Wolfe Research lowered their price objective on Huntington Bancshares from $21.00 to $19.00 and set an “outperform” rating for the company in a research note on Wednesday, April 1st. Finally, Evercore reaffirmed an “outperform” rating and issued a $21.00 target price on shares of Huntington Bancshares in a research report on Monday, July 6th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $20.07.

Huntington Bancshares Stock Performance

Huntington Bancshares stock opened at $17.36 on Monday. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.92 and a quick ratio of 0.91. Huntington Bancshares has a 12 month low of $14.89 and a 12 month high of $19.45. The company has a fifty day moving average price of $17.12 and a two-hundred day moving average price of $16.93. The company has a market cap of $35.19 billion, a PE ratio of 13.46, a P/E/G ratio of 0.78 and a beta of 0.93.

Huntington Bancshares (NASDAQ:HBAN) last posted its quarterly earnings results on Thursday, July 23rd. The bank reported $0.39 EPS for the quarter, meeting the consensus estimate of $0.39. Huntington Bancshares had a net margin of 16.64% and a return on equity of 11.19%. The business had revenue of $2.85 billion during the quarter, compared to analyst estimates of $2.84 billion. During the same period in the previous year, the business posted $0.34 EPS. Huntington Bancshares has set its FY 2026 guidance at 1.900-1.930 EPS. Research analysts expect that Huntington Bancshares will post 1.62 earnings per share for the current year.

Insider Buying and Selling at Huntington Bancshares

In other news, Director James D. Rollins III sold 223,522 shares of the business’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $17.35, for a total value of $3,878,106.70. Following the sale, the director owned 612,155 shares of the company’s stock, valued at approximately $10,620,889.25. The trade was a 26.75% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Marcy C. Hingst sold 10,568 shares of the company’s stock in a transaction on Thursday, June 25th. The shares were sold at an average price of $18.00, for a total value of $190,224.00. Following the completion of the sale, the executive vice president owned 267,859 shares of the company’s stock, valued at approximately $4,821,462. This trade represents a 3.80% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have bought 25,029 shares of company stock worth $464,980. 0.67% of the stock is owned by insiders.

Institutional Trading of Huntington Bancshares

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Empowered Funds LLC raised its holdings in shares of Huntington Bancshares by 5.0% during the first quarter. Empowered Funds LLC now owns 28,888 shares of the bank’s stock valued at $434,000 after acquiring an additional 1,366 shares during the period. Woodline Partners LP lifted its stake in Huntington Bancshares by 40.8% in the 1st quarter. Woodline Partners LP now owns 122,821 shares of the bank’s stock worth $1,844,000 after acquiring an additional 35,574 shares in the last quarter. Brown Advisory Inc. lifted its stake in Huntington Bancshares by 8.3% in the 2nd quarter. Brown Advisory Inc. now owns 39,490 shares of the bank’s stock worth $662,000 after acquiring an additional 3,023 shares in the last quarter. Daiwa Securities Group Inc. boosted its position in Huntington Bancshares by 6.2% during the 2nd quarter. Daiwa Securities Group Inc. now owns 219,185 shares of the bank’s stock worth $3,674,000 after acquiring an additional 12,865 shares during the period. Finally, Sei Investments Co. lifted its position in shares of Huntington Bancshares by 6.2% in the second quarter. Sei Investments Co. now owns 707,605 shares of the bank’s stock worth $11,859,000 after purchasing an additional 41,156 shares in the last quarter. 80.72% of the stock is owned by institutional investors and hedge funds.

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.