DA Davidson Issues Pessimistic Forecast for Huntington Bancshares (NASDAQ:HBAN) Stock Price

Huntington Bancshares (NASDAQ:HBAN) had its target price decreased by analysts at DA Davidson from $22.00 to $20.00 in a note issued to investors on Monday, Marketbeat Ratings reports. The firm presently has a “buy” rating on the bank’s stock. DA Davidson’s target price indicates a potential upside of 27.47% from the stock’s current price.

A number of other equities research analysts have also commented on the stock. Wells Fargo & Company dropped their price objective on shares of Huntington Bancshares from $23.00 to $21.00 and set an “overweight” rating on the stock in a report on Wednesday, September 16th. UBS Group upped their price objective on Huntington Bancshares from $21.00 to $22.00 and gave the stock a “buy” rating in a research report on Tuesday, July 7th. Truist Financial boosted their target price on Huntington Bancshares from $19.00 to $20.00 and gave the company a “buy” rating in a research note on Tuesday, July 28th. Morgan Stanley reiterated 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. Finally, Bank of America restated a “neutral” rating and set a $18.50 target price (down from $20.00) on shares of Huntington Bancshares in a report on Monday, July 27th. One 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 issued 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 price target of $20.11.

Huntington Bancshares Stock Down 2.2%

NASDAQ HBAN opened at $15.69 on Monday. The stock’s 50 day moving average is $17.17 and its two-hundred day moving average is $16.70. Huntington Bancshares has a 1-year low of $14.89 and a 1-year high of $19.45. The company has a market capitalization of $31.70 billion, a price-to-earnings ratio of 12.16, a PEG ratio of 0.92 and a beta of 0.92. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 0.63.

Huntington Bancshares (NASDAQ:HBAN) last issued its quarterly earnings data on Thursday, July 23rd. The bank reported $0.39 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.39. The firm had revenue of $2.86 billion during the quarter, compared to the consensus estimate of $2.84 billion. Huntington Bancshares had a return on equity of 11.19% and a net margin of 16.64%.During the same quarter in the previous year, the company posted $0.34 EPS. Huntington Bancshares has set its FY 2026 guidance at 1.900-1.930 EPS. Equities analysts forecast that Huntington Bancshares will post 1.53 earnings per share for the current fiscal year.

Insider Buying and Selling at Huntington Bancshares

In other news, EVP Marcy Hingst sold 10,568 shares of Huntington Bancshares stock in a transaction 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 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Kendall Kowalski sold 27,971 shares of the company’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $17.20, for a total transaction of $481,101.20. Following the completion of the transaction, the insider owned 70,025 shares in the company, valued at $1,204,430. This trade represents a 28.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.67% of the stock is owned by company insiders.

Institutional Investors Weigh In On Huntington Bancshares

A number of large investors have recently bought and sold shares of the company. Tortoise Investment Management LLC purchased a new position in Huntington Bancshares during the second quarter valued at $215,000. Sequoia Financial Advisors LLC grew its position in Huntington Bancshares by 12.9% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 638,779 shares of the bank’s stock valued at $11,326,000 after purchasing an additional 72,920 shares during the last quarter. Tidal Investments LLC increased its stake in Huntington Bancshares by 10.8% during the 2nd quarter. Tidal Investments LLC now owns 106,991 shares of the bank’s stock valued at $1,897,000 after purchasing an additional 10,428 shares in the last quarter. National Pension Service grew its holdings in shares of Huntington Bancshares by 22.2% during the second quarter. National Pension Service now owns 3,258,691 shares of the bank’s stock valued at $57,777,000 after buying an additional 590,956 shares during the last quarter. Finally, WINTON GROUP Ltd purchased a new stake in shares of Huntington Bancshares during the second quarter valued at approximately $3,624,000. 80.72% of the stock is currently owned by institutional investors and hedge funds.

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 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.