Huntington Bancshares (NASDAQ:HBAN) Price Target Raised to $21.00

Huntington Bancshares (NASDAQ:HBAN) had its target price increased by Robert W. Baird from $20.00 to $21.00 in a research report issued on Friday,Benzinga reports. The firm currently has an “outperform” rating on the bank’s stock. Robert W. Baird’s price target would indicate a potential upside of 20.69% from the stock’s previous close.

A number of other equities research analysts also recently issued reports on HBAN. Piper Sandler upgraded shares of Huntington Bancshares from a “strong sell” rating to a “hold” rating and set a $18.00 price target for the company in a research report on Thursday, April 23rd. Barclays cut Huntington Bancshares from a “hold” rating to a “strong sell” rating in a report on Monday, April 20th. Jefferies Financial Group set a $18.00 target price on Huntington Bancshares in a report on Thursday. UBS Group lifted their price target on Huntington Bancshares from $21.00 to $22.00 and gave the stock a “buy” rating in a research note on Tuesday, July 7th. Finally, JPMorgan Chase & Co. raised their target price on shares of Huntington Bancshares from $18.50 to $19.50 and gave the company an “overweight” rating in a report on Monday, July 6th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Huntington Bancshares has a consensus rating of “Moderate Buy” and an average price target of $20.14.

Huntington Bancshares Price Performance

Shares of NASDAQ:HBAN opened at $17.40 on Friday. The company has a market cap of $35.27 billion, a P/E ratio of 13.38, a PEG ratio of 0.82 and a beta of 0.93. The company has a 50-day moving average price of $17.09 and a 200 day moving average price of $16.93. Huntington Bancshares has a 52 week low of $14.89 and a 52 week high of $19.45. The company has a quick ratio of 0.92, a current ratio of 0.93 and a debt-to-equity ratio of 0.73.

Huntington Bancshares (NASDAQ:HBAN) last released its earnings results on Thursday, July 23rd. The bank reported $0.39 EPS for the quarter, meeting analysts’ consensus estimates of $0.39. The company had revenue of $2.85 billion during the quarter, compared to the consensus estimate of $2.84 billion. Huntington Bancshares had a return on equity of 11.42% and a net margin of 16.63%.During the same quarter last year, the company earned $0.34 earnings per share. Huntington Bancshares has set its FY 2026 guidance at 1.900-1.930 EPS. Research analysts predict that Huntington Bancshares will post 1.62 earnings per share for the current year.

Insider Activity

In other news, EVP Marcy C. Hingst sold 10,568 shares of the firm’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 transaction, 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 sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director James D. Rollins III sold 223,522 shares of the business’s stock in a transaction dated 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 transaction, the director owned 612,155 shares in the company, valued at approximately $10,620,889.25. This represents a 26.75% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have purchased 33,500 shares of company stock worth $617,542 over the last quarter. 0.67% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the company. CIBC Asset Management Inc grew its holdings in Huntington Bancshares by 24.5% during the fourth quarter. CIBC Asset Management Inc now owns 533,005 shares of the bank’s stock valued at $9,248,000 after purchasing an additional 104,965 shares during the last quarter. Creative Financial Designs Inc. ADV increased its stake in shares of Huntington Bancshares by 688.9% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 86,478 shares of the bank’s stock worth $1,500,000 after purchasing an additional 75,516 shares during the period. KBC Group NV grew its holdings in Huntington Bancshares by 16.3% in the 4th quarter. KBC Group NV now owns 2,820,816 shares of the bank’s stock valued at $48,941,000 after buying an additional 395,489 shares during the last quarter. Hsbc Holdings PLC boosted its position in shares of Huntington Bancshares by 25.4% in the fourth quarter. Hsbc Holdings PLC now owns 8,161,085 shares of the bank’s stock valued at $141,625,000 after acquiring an additional 1,652,464 shares during the period. Finally, International Assets Investment Management LLC raised its stake in Huntington Bancshares by 991.7% during the 1st quarter. International Assets Investment Management LLC now owns 67,588 shares of the bank’s stock valued at $1,073,000 after purchasing an additional 61,397 shares during the last quarter. Institutional investors own 80.72% of the company’s stock.

Trending Headlines about Huntington Bancshares

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

• Positive Sentiment: HBAN reported Q2 adjusted EPS of $0.39, matching Wall Street estimates, with revenue of about $2.85 billion slightly ahead of expectations. Results were supported by higher net interest income, fee income, and growth in loans and deposits. Huntington Bancshares Incorporated Reports 2026 Second-Quarter Earnings
• Positive Sentiment: The bank raised its FY 2026 EPS guidance to $1.90-$1.93, well above the prior consensus estimate, which suggests management is more confident about earnings momentum going forward. HBAN stock information
• Positive Sentiment: Huntington declared a quarterly dividend of $0.155 per share, implying a 3.6% annualized yield, which may appeal to income-focused investors. HBAN dividend information
• Neutral Sentiment: Analysts continue to view HBAN favorably, with consensus rating data showing a “Moderate Buy,” reinforcing a generally constructive outlook rather than a major new catalyst. Huntington Bancshares Receives Consensus Rating of Moderate Buy from Analysts
• Neutral Sentiment: Management noted some pressure from funding costs and a decline in Q2 margin, which tempers the upbeat earnings picture even though the company maintained its broader outlook. Huntington Bancshares posts decline in Q2 margin on funding costs
• Negative Sentiment: Non-core headwinds remain from higher expenses and provisions, suggesting earnings quality could face some pressure if cost growth continues. Huntington Q2 Earnings Match Estimates as NII & Fee Income Rise Y/Y

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.