Huntington Bancshares (NASDAQ:HBAN) Price Target Cut to $18.00 by Analysts at Stephens

Huntington Bancshares (NASDAQ:HBAN) had its price objective decreased by Stephens from $19.00 to $18.00 in a research report sent to investors on Tuesday morning.

Several other research analysts also recently weighed in on HBAN. Morgan Stanley reaffirmed an “equal weight” rating and issued a $19.00 target price (down from $21.00) on shares of Huntington Bancshares in a report on Friday, July 24th. Truist Financial lowered their price objective on Huntington Bancshares from $20.00 to $19.00 and set a “buy” rating on the stock in a research report on Wednesday. Robert W. Baird upped their price objective on Huntington Bancshares from $20.00 to $21.00 and gave the stock an “outperform” rating in a research note on Friday, July 24th. Bank of America reiterated a “neutral” rating and set a $18.50 target price (down from $20.00) on shares of Huntington Bancshares in a research report on Monday, July 27th. Finally, UBS Group upped 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. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $19.84.

Huntington Bancshares Stock Performance

HBAN opened at $15.32 on Tuesday. The company’s 50 day moving average is $17.11 and its 200 day moving average is $16.69. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 0.63. The company has a market cap of $30.96 billion, a price-to-earnings ratio of 11.89, a PEG ratio of 0.90 and a beta of 0.92. Huntington Bancshares has a 12-month low of $14.89 and a 12-month high of $19.45.

Huntington Bancshares (NASDAQ:HBAN) last issued its quarterly earnings results on Thursday, July 23rd. The bank reported $0.39 earnings per share for the quarter, hitting the consensus estimate of $0.39. The business had revenue of $2.86 billion for the quarter, compared to analysts’ expectations of $2.84 billion. Huntington Bancshares had a net margin of 16.64% and a return on equity of 11.19%. During the same quarter last year, the company posted $0.34 EPS. Huntington Bancshares has set its FY 2026 guidance at 1.900-1.930 EPS. On average, equities research analysts predict that Huntington Bancshares will post 1.53 EPS for the current year.

Huntington Bancshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Thursday, September 17th will be given a dividend of $0.155 per share. The ex-dividend date is Thursday, September 17th. This represents a $0.62 annualized dividend and a yield of 4.0%. Huntington Bancshares’s dividend payout ratio (DPR) is 48.06%.

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 shares were sold at an average price of $17.20, for a total transaction of $481,101.20. Following the sale, the insider directly owned 70,025 shares in the company, valued at approximately $1,204,430. This represents a 28.54% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.67% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Huntington Bancshares

Several institutional investors have recently modified their holdings of HBAN. QRG Capital Management Inc. grew its position in Huntington Bancshares by 191.8% in the 2nd quarter. QRG Capital Management Inc. now owns 416,985 shares of the bank’s stock valued at $7,393,000 after acquiring an additional 274,067 shares during the last quarter. Tortoise Investment Management LLC purchased a new stake in shares of Huntington Bancshares during the second quarter valued at $215,000. Sequoia Financial Advisors LLC grew its holdings in shares of Huntington Bancshares by 12.9% in the second quarter. Sequoia Financial Advisors LLC now owns 638,779 shares of the bank’s stock worth $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% in the 2nd quarter. Tidal Investments LLC now owns 106,991 shares of the bank’s stock worth $1,897,000 after buying an additional 10,428 shares during the period. Finally, National Pension Service lifted its holdings in Huntington Bancshares by 22.2% during the 2nd 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 in the last quarter. 80.72% of the stock is owned by institutional investors.

About Huntington Bancshares

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.