Huntington Bancshares (NASDAQ:HBAN – Get Free Report) was upgraded by equities research analysts at Wells Fargo & Company to a “strong-buy” rating in a report issued on Monday,Zacks.com reports.
A number of other brokerages have also recently commented on HBAN. Truist Financial raised their price target on shares of Huntington Bancshares from $19.00 to $20.00 and gave the stock a “buy” rating in a research note on Tuesday, July 28th. Wall Street Zen upgraded Huntington Bancshares from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Robert W. Baird increased their target price on Huntington Bancshares from $20.00 to $21.00 and gave the stock an “outperform” rating in a report on Friday, July 24th. Royal Bank Of Canada raised their target price on Huntington Bancshares from $20.00 to $21.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 1st. Finally, UBS Group boosted their price target on Huntington Bancshares from $21.00 to $22.00 and gave the company a “buy” rating in a research note on Tuesday, July 7th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $20.24.
Check Out Our Latest Report on Huntington Bancshares
Huntington Bancshares Stock Up 0.2%
Huntington Bancshares (NASDAQ:HBAN – Get Free Report) last announced its quarterly earnings data on Thursday, July 23rd. The bank reported $0.39 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.39. The company had revenue of $2.86 billion during 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 in the prior year, the company posted $0.34 EPS. Huntington Bancshares has set its FY 2026 guidance at 1.900-1.930 EPS. On average, analysts anticipate that Huntington Bancshares will post 1.61 EPS for the current year.
Insider Transactions at Huntington Bancshares
In other news, EVP Marcy C. Hingst sold 10,568 shares of the business’s stock in a transaction that occurred on Thursday, June 25th. The stock was sold at an average price of $18.00, for a total value of $190,224.00. Following the transaction, the executive vice president directly owned 267,859 shares of the company’s stock, valued at $4,821,462. The trade was a 3.80% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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 stock in a transaction that occurred on 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 sale, the director owned 612,155 shares in the company, valued at approximately $10,620,889.25. This trade represents a 26.75% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders bought 22,000 shares of company stock valued at $401,219 and sold 262,061 shares valued at $4,549,432. Company insiders own 0.67% of the company’s stock.
Hedge Funds Weigh In On Huntington Bancshares
Several institutional investors have recently bought and sold shares of HBAN. MV Capital Management Inc. acquired a new position in Huntington Bancshares in the fourth quarter worth $25,000. Palisade Asset Management LLC acquired a new stake in shares of Huntington Bancshares in the third quarter valued at $26,000. Centennial Bank AR acquired a new stake in shares of Huntington Bancshares in the fourth quarter valued at $28,000. Trust Co. of Vermont bought a new position in shares of Huntington Bancshares in the second quarter valued at about $29,000. Finally, Johnson Financial Group Inc. bought a new position in shares of Huntington Bancshares in the second quarter valued at about $31,000. Institutional investors own 80.72% of the company’s stock.
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.
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