Huntington Bancshares Incorporated (NASDAQ:HBAN) Stock Has Consensus Price Target of $19.43 According to Analysts

Huntington Bancshares Incorporated (NASDAQ:HBAN) has earned an average recommendation of “Moderate Buy” from the twenty-two analysts that are presently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, six have given a hold recommendation, thirteen have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $19.19.

Several equities research analysts have commented on the stock. Stephens dropped their price objective on shares of Huntington Bancshares from $19.00 to $18.00 in a report on Tuesday, September 22nd. DA Davidson reduced their target price on shares of Huntington Bancshares from $22.00 to $20.00 and set a “buy” rating for the company in a research note on Monday, September 21st. Truist Financial reduced their target price on shares of Huntington Bancshares from $20.00 to $19.00 and set a “buy” rating for the company in a research note on Wednesday, September 23rd. Evercore lowered their price target on shares of Huntington Bancshares from $20.00 to $18.00 and set an “outperform” rating on the stock in a research report on Friday, September 18th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Huntington Bancshares from $19.50 to $17.50 and set an “overweight” rating on the stock in a research report on Friday, October 2nd.

Insiders Place Their Bets

In related news, insider Kendall Kowalski sold 27,971 shares of Huntington Bancshares stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $17.20, for a total value of $481,101.20. Following the completion of the transaction, the insider directly owned 70,025 shares in the company, valued at approximately $1,204,430. The trade was a 28.54% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.67% of the company’s stock.

Hedge Funds Weigh In On Huntington Bancshares

A number of large investors have recently made changes to their positions in the stock. Corient Private Wealth LP purchased a new position in Huntington Bancshares in the second quarter worth $21,187,000. Equitable Holdings Inc. bought a new position in Huntington Bancshares in the second quarter valued at $1,093,000. Bank of America Corp DE bought a new position in Huntington Bancshares in the second quarter valued at $256,772,000. Hsbc Holdings PLC raised its position in Huntington Bancshares by 25.4% during the fourth quarter. Hsbc Holdings PLC now owns 8,161,085 shares of the bank’s stock valued at $141,625,000 after purchasing an additional 1,652,464 shares in the last quarter. Finally, OMERS ADMINISTRATION Corp purchased a new stake in Huntington Bancshares during the second quarter valued at about $16,579,000. 80.72% of the stock is owned by institutional investors.

Huntington Bancshares Stock Down 1.0%

Shares of NASDAQ HBAN opened at $15.24 on Wednesday. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.92 and a quick ratio of 0.91. The stock has a market capitalization of $30.79 billion, a PE ratio of 11.81, a P/E/G ratio of 0.98 and a beta of 0.95. Huntington Bancshares has a one year low of $14.82 and a one year high of $19.45. The business’s fifty day moving average price is $16.48 and its 200-day moving average price is $16.67.

Huntington Bancshares (NASDAQ:HBAN) last announced its quarterly earnings data on Thursday, July 23rd. The bank reported $0.39 earnings per share for the quarter, hitting the consensus estimate of $0.39. Huntington Bancshares had a return on equity of 11.19% and a net margin of 16.64%. The company had revenue of $2.86 billion during the quarter, compared to analyst estimates of $2.84 billion. During the same quarter last year, the firm posted $0.34 EPS. Huntington Bancshares has set its FY 2026 guidance at 1.900-1.930 EPS. On average, equities research analysts anticipate that Huntington Bancshares will post 1.54 EPS for the current year.

Huntington Bancshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 1st. Investors of record on Thursday, September 17th were issued a $0.1550 dividend. The ex-dividend date of this dividend was Thursday, September 17th. This represents a $0.62 annualized dividend and a yield of 4.1%. Huntington Bancshares’s dividend payout ratio (DPR) is 48.06%.

About Huntington Bancshares

Huntington Bancshares Incorporated is a regional bank holding company headquartered in Columbus, Ohio. Its principal subsidiary, The Huntington National Bank, provides consumer, small-business and commercial banking services through branch offices, digital banking channels and automated teller machines.

The company offers deposit accounts, residential and commercial mortgages, home equity lending, auto loans, personal lending, credit cards and other consumer financial products. Its business banking operations provide lending, treasury management, payment processing and capital markets services, while its wealth management and insurance businesses serve individuals, families and institutions.

Founded in 1866, Huntington has developed a banking franchise across the Midwest, with a presence in states including Ohio, Michigan, Pennsylvania, Indiana, West Virginia, Kentucky, Illinois and Wisconsin.