Huntington Bancshares (NASDAQ:HBAN) Price Target Cut to $19.00 by Analysts at Stephens

Huntington Bancshares (NASDAQ:HBAN) had its price objective dropped by analysts at Stephens from $20.00 to $19.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has an “equal weight” rating on the bank’s stock. Stephens’ price target suggests a potential upside of 9.86% from the company’s current price.

A number of other brokerages have also issued reports on HBAN. Morgan Stanley restated an “equal weight” rating and set a $19.00 price target (down from $21.00) on shares of Huntington Bancshares in a research note on Friday. Royal Bank Of Canada lifted their price objective on shares of Huntington Bancshares from $20.00 to $21.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 1st. The Goldman Sachs Group dropped their price objective on shares of Huntington Bancshares from $21.00 to $20.00 and set a “buy” rating on the stock in a report on Monday, April 6th. Jefferies Financial Group set a $18.00 target price on Huntington Bancshares in a research report on Thursday. Finally, Wolfe Research reduced their target price 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. One equities research 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 assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $20.14.

Huntington Bancshares Price Performance

Shares of HBAN stock opened at $17.30 on Friday. Huntington Bancshares has a fifty-two week low of $14.89 and a fifty-two week high of $19.45. The firm has a market capitalization of $35.06 billion, a price-to-earnings ratio of 13.28, a PEG ratio of 0.82 and a beta of 0.93. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.92 and a current ratio of 0.93. The stock’s 50-day simple moving average is $17.09 and its 200-day simple moving average is $16.93.

Huntington Bancshares (NASDAQ:HBAN) last announced its quarterly earnings data on Thursday, July 23rd. The bank reported $0.39 EPS for the quarter, meeting the consensus estimate of $0.39. The firm had revenue of $2.85 billion during the quarter, compared to analyst estimates of $2.84 billion. Huntington Bancshares had a net margin of 16.63% and a return on equity of 11.42%. During the same period last year, the firm posted $0.34 EPS. Huntington Bancshares has set its FY 2026 guidance at 1.900-1.930 EPS. As a group, equities analysts forecast that Huntington Bancshares will post 1.62 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director James D. Rollins III sold 223,522 shares of the stock in a transaction on Friday, June 12th. The stock was sold at an average price of $17.35, for a total transaction of $3,878,106.70. Following the completion of the sale, 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. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Marcy C. Hingst sold 10,568 shares of Huntington Bancshares stock in a transaction that occurred on Thursday, June 25th. The stock was sold at an average price of $18.00, for a total transaction of $190,224.00. Following the completion of the transaction, the executive vice president directly owned 267,859 shares in the company, valued at approximately $4,821,462. This trade represents a 3.80% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders acquired 33,500 shares of company stock valued at $617,542. 0.67% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of HBAN. Wellington Management Group LLP increased its position in Huntington Bancshares by 4,265.5% during the fourth quarter. Wellington Management Group LLP now owns 70,083,841 shares of the bank’s stock worth $1,215,955,000 after buying an additional 68,478,435 shares during the last quarter. Norges Bank acquired a new position in Huntington Bancshares during the fourth quarter valued at approximately $432,584,000. Vanguard Group Inc. raised its position in shares of Huntington Bancshares by 8.1% in the fourth quarter. Vanguard Group Inc. now owns 191,319,041 shares of the bank’s stock valued at $3,319,385,000 after purchasing an additional 14,338,222 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Huntington Bancshares by 27.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 23,480,601 shares of the bank’s stock worth $367,388,000 after buying an additional 5,026,894 shares during the period. Finally, Amundi grew its stake in Huntington Bancshares by 30.7% in the 1st quarter. Amundi now owns 19,502,547 shares of the bank’s stock valued at $305,215,000 after buying an additional 4,578,566 shares during the last quarter. 80.72% of the stock is owned by institutional investors and hedge funds.

Key Huntington Bancshares News

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

• Positive Sentiment: Robert W. Baird raised its price target on Huntington Bancshares to $21 from $20 and reiterated an outperform rating, signaling confidence in further upside. Robert W. Baird raises HBAN price target
• Positive Sentiment: The company’s Q2 report showed earnings and revenue roughly in line to slightly above expectations, with stronger year-over-year profitability and improved business momentum. Huntington Bancshares Q2 earnings release
• Positive Sentiment: Management reaffirmed FY 2026 EPS guidance of $1.90-$1.93, suggesting confidence that earnings can continue to grow. HBAN guidance coverage
• Neutral Sentiment: Morgan Stanley kept an equal weight rating but cut its price target to $19 from $21, reflecting a more cautious view even as it still implies modest upside. Morgan Stanley price target update
• Neutral Sentiment: The board also declared a quarterly dividend of $0.155 per share, reinforcing the stock’s income appeal for shareholders. HBAN dividend announcement

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.